Interest rates on 10-year certificates of deposit (CDs) usually are higher than shorter-term CDs in periods of rising interest rates, and lower in periods of declining interest rates. Whether a 10-year CD is right for you depends on its annual percentage yield (APY) when compared to the best CD rates of other term lengths, as well as how long you can lock away your money.
In this article, we rank the best 10-year CDs based on current APYs, minimum balance requirements, customer service, and more. We also discuss the pros and cons of 10-year CDs and offer alternative options to help you make the best decision based on your specific needs.
