Bridgewater handed new hires a 90-page printout of The Principles, a slew of ever-changing rules to live by from billionaire founder Ray Dalio, and the firm required that the staff watch daily videos of Dalio’s various teachings, called Management Principles Trainings, and take accompanying quizzes, the book said.
Dalio even had a team put together a five-section, closed-book Principles Test that was mandatory for all employees, Copeland wrote. “The Fund” published a handful of questions from the exam.
One of them was “Which of the following definitions of arrogant is what we mean when we use it at Bridgewater?” The right answer: “A person who has an unjustified and exaggerated confidence that his/her opinion is correct.”
In a yes-or-no part of the exam, one question posed, “Should we have truth at all costs so that if a person lies they should always be fired?”
One string of questions asked:
“About what percentage of the Bridgewater population would steal if they could get away with it?
Are you one of them?
Did you answer the last question honestly?
Looking around you, what percent of the people you have contact with do you think will need to be sorted for Bridgewater to remain excellent?
Do you think that maybe you should be one of those people?”
Employee performance on the exam was based on how well their answers matched with Dalio’s own, as well as the Principles.
Dalio founded Bridgewater in 1975 and stepped down as CEO in 2017 and as chairman at the end of 2021. He remains a member of the operating board and a senior investor and mentors the CIOs and Investment Committee. In 2017, Dalio published his own book chronicling the lessons he learned throughout his career, called “Principles: Life and Work.”
Bridgewater did not comment directly on Copeland’s account of how “The Principles” were implemented at the company, however Dalio posted a general response to the book on LinkedIn. He dismissed “The Fund” as “another one of those sensational and inaccurate tabloid books written to sell books to people who like gossip.”
Rising air pollution in China suggests its economy in on track to see a jump in growth, according to DataTrek Research.
Oil prices should rise if China’s economy is accelerating, as its air quality suggests.
“We prefer owning US large cap energy to Chinese equities to play this turn,” DataTrek said.
Thanks for signing up!
Access your favorite topics in a personalized feed while you’re on the go.
Rising air pollution in China’s five largest cities suggests its economy is about to see a surge in growth, according to a Monday note from DataTrek Research.
“The country’s slow recovery from its prolonged pandemic-related shutdown was visible in the skies over the country’s major cities long before it showed up in the official economic data. This proves our basis point that air pollution readings can give investors an early call on a country’s economy,” DataTrek Research co-founder Nicholas Colas said.
As more factories ramp up production, more consumers travel, and more people consume, pollution increases and air quality deteriorates.
He said recent air-quality data for five of China’s largest cities suggest the country’s economic recovery is getting underway.
In fact, the air quality in Beijing has seen a “very visible” increase in air pollution in the last two weeks, as has Guangzhou, Chongqing, Shenzhen, and Shanghai.
“Air quality readings are finally suggesting a return to better growth for the Chinese economy,” Colas said.
While the readings are still cleaner than levels seen in 2019, they’re tracking considerably higher than the past few months.
To be sure, it will take weeks for the recent rise in China’s air pollution to register in the official economic data. But if it does, he said it would signal “synchronized economic expansion.”
All of this suggests to Colas that oil prices could be headed higher in the coming months as China’s economy sees a rebound in growth.
“If this call is correct, the first place we should see it is in global oil prices. US large cap Energy stocks are therefore a sensible play if the Chinese economy is really starting to get back on track,” he said, adding that he prefers to own US large cap energy stocks over Chinese stocks to take advantage of the recent uptick in the country’s air pollution.
Brent crude prices soared over the summer and neared $100 per barrel in September but have since retreated sharply, hovering around $86 on Monday.
Russian troops are living in grueling conditions on the front line in Ukraine, the UK MoD said.
Soldiers described being “wet from head to toe” for weeks at a time, per the report.
They also described eating “monotonous food” and not even being able to boil a mug of tea.
Thanks for signing up!
Access your favorite topics in a personalized feed while you’re on the go.
Russian soldiers are experiencing increasingly grueling conditions on the front line in Ukraine as winter approaches, according to an intelligence update from the UK Ministry of Defence (MoD) on Sunday.
Soldiers who had recently returned from the front line described being “wet from head to toe” for weeks at a time while speaking at the Ogakov Readings military affairs conference in Moscow on Wednesday.
The soldiers said they ate “monotonous” food in muddy conditions, and one said they were not even able to boil a cup of tea because lighting a fire would risk alerting Ukrainian forces.
The update also noted that keeping up decent living conditions in defensive positions was a challenge for all forces, but open-source evidence highlighted “a generally very poor level” of “basic field administration amongst Russian forces.”
It said this was likely due to a scarcity of “motivated junior commanders” and “variable logistical support,” per the MoD.
As the Russia-Ukraine war enters its second winter, fighting continues to rage around the country, and Ukraine’s notoriously snowy and icy winters will likely pose challenges for both sides, especially when it comes to operating weaponry, moving troops and equipment, and maintaining soldiers’ well-being.
This will likely mean artillery remains a key weapon in the conflict, as static troops and barren landscapes will make it difficult for forces on both sides to conceal themselves, Colonel Oleksandr Popov, an artillery commander, told Reuters.
“It’s one thing to run 300 metres to an enemy position in June, and totally another when you are up to your knees in mud, warm clothes, protective gear, a backpack with spare clothes,” he added.
Ukraine’s top general Valerii Zaluzhnyi told The Economist this week that the war was at a stalemate, an assessment which Ukrainian President Volodymyr Zelenskyy disputed.
Ukraine’s counteroffensive has so far failed to make significant gains, and Russia is continuing to try and push forward in the eastern city Avdiivka.
When you buy through our links, Insider may earn an affiliate commission. Learn more
Joe Cordina and Edward Vazquez will meet center-ring to determine the rightful holder of the IBF super featherweight championship. The fight goes down tonight, and we’ll get you set up with options on where to watch a Cordina vs. Vazquez live stream well before the bell rings.
Cordina (16-0, 9 KOs) holds the championship right now, and this defense against Vazquez will be his second since acquiring it. Vazquez comes into the fight ranked ninth in the division after a 15-1, 3 KO start to his career. The fight card also includes Sivenathi Nontshinga vs. Adrian Curiel for the IBF light flyweight title.
DAZN is showing the fight in nearly every country imaginable. You can use a VPN if you live in a country that isn’t airing the fight or want to access a cheaper live stream. We’ll guide you on how to do that further down this page, where you’ll also find a full schedule of fights happening before the main event.
How to watch Cordina vs. Vazquez live streams from anywhere
In the United States, the United Kingdom, and more than 200 other countries (excluding Australia and New Zealand), you can catch the fight airing live as part of your DAZN subscription. It costs $24.99 monthly for no annual commitment in the US and £19.99 in the UK. Sign up for yearly plans, though, and the monthly prices drop substantially. Prices vary in other regions.
DAZN is a sports streaming service with live and on-demand content, including exclusive boxing matches. It’s also available in a vast amount of countries around the world. Take a look via the link, as you might not even need a VPN to enjoy the action if your country made the cut.
If you’re not located in one of the 200-plus supported countries or want to try and access a lower PPV price, you can unlock those borders with the magic of VPNs.
Short for virtual private network, a VPN essentially allows you to visit websites and services that would usually be blocked by your geographical location. It also secures your network activity with top-grade encryption, so no one can know what you’re up to, even if they’ve tapped into your network.
Don’t have a VPN? The best VPN we’ve tested and used for years is ExpressVPN. It’s great for streaming from international sources and beefs up your online security. ExpressVPN is on sale for a great offer right now. You can save 49% on the usual price and get three months for free.
If you run into trouble signing up for the fight, you’ll want to be aware of ExpressVPN’s 30-day money-back guarantee. You can request a refund any time within the introductory period, no questions asked. Insider’s ExpressVPN review lays out everything you need to know about the service and all its benefits.
With its consistent performance, reliable security, and expansive global streaming features, ExpressVPN is the best VPN out there, excelling in every spec and offering many advanced features that makes it exceptional. Better yet, you can save up to 49% and get an extra three months for free today.
Install it on the device you’re using to watch the game.
Turn it on and set it to your preferred location.
Go toDAZN. Sign up for an account with a local postcode and payment method.
Watch Cordina vs. Vazquez.
When: Tonight at 2 p.m. ET / 6 p.m. GMT / 2 a.m. AWST (Sun)
Cordina vs. Vazquez fight card
Here are all the fights happening before the main event. The broadcast begins at 2 p.m. ET / 6 p.m. GMT.
Joe Cordina (c) vs. Edward Vazquez (IBF super featherweight championship)
Sivenathi Nontshinga (c) vs. Adrian Curiel (IBF light flyweight championship)
Souleymane Cissokho vs. Isaias Lucero (Super welterweight bout)
Julissa Alejandra Guzman vs. Ramla Ali; (Super bantamweight bout)
Note: The use of VPNs is illegal in certain countries, and using VPNs to access region-locked streaming content might constitute a breach of the terms of use for certain services. Insider does not endorse or condone the illegal use of VPNs.
This video grab shows Palestine TV correspondent Salman Al-Bashir, right, removing his flak jacket and helmet on air during his reporting from Nasser Hospital in the southern Gaza Strip.
Palestine TV via AP
Veteran Palestine TV correspondent Mohammed Abu Hatab, 49, was killed with 10 of his family members.
He was among the waves of wounded and dead Palestinians from Israel's heavy bombardment of Gaza.
His colleague Salman al-Bashir delivered an emotional report on live TV scared he could be next.
KHAN YOUNIS, Gaza Strip (AP) — The on-air outburst of grief by TV correspondent Salman al-Bashir seemed to channel the mood of all Gaza.
From the crowded halls of Nasser Hospital in the southern Gaza Strip late Thursday, al-Bashir was reporting on the waves of wounded and dead Palestinians arriving from Israel's heavy bombardment on the southern strip.
One of the victims, loaded into the hospital morgue with 10 of his family members, was his own colleague, veteran Palestine TV correspondent Mohammed Abu Hatab, 49. A mere hour earlier, Abu Hatab had delivered a live report on the Israel-Hamas war's casualties from that very location for Palestine TV, a network owned by the West Bank-based Palestinian Authority, Hamas' political rival.
Searching for words to describe what Abu Hatab's loss meant to him and to the network, al-Bashir cracked with emotion. He broke down, his voice holding sorrow and weariness in gruff, pleading phrases.
"We cant take it anymore, we are exhausted," al-Bashir said. "We are going to be killed. One by one."
The Ramallah-based anchorwoman on the split screen began to weep.
Al-Bashir was flushed, pacing backward as he said the world was ignoring the war's staggering toll on Gaza civilians.
"No one is looking at us or the extent of this disaster or the crimes that we are experiencing in Gaza," he said. Still holding his microphone, he slid off his flak jacket marked with the word PRESS and unstrapped his helmet.
"These protection jackets and helmets don't protect us," he said, flinging the equipment to the ground. "Nothing protects journalists. … We lose our lives for no reason."
His words, streamed live by Palestine TV, ricocheted around social media.
Friends and colleagues remembered Abu Hatab as a quiet and gentle man
Since the October 7 Hamas attack on southern Israel, the Israeli military's retaliation has killed over 9,000 Palestinians and wounded thousands more, says the Health Ministry in Hamas-run Gaza. Among them have been 31 journalists and media workers, according to the Committee to Protect Journalists, a New York-based watchdog. The Health Ministry reported that over 112 doctors and medics are also among the dead. Hamas militants killed more than 1,400 people in Israel on October 7, most of them civilians.
At 8:30 p.m. on Thursday, after signing off from a live report on Gaza's soaring death toll, Abu Hatab headed to his nearby home in Khan Younis where he lived with his wife, six children, brother and brother's family, his colleagues said.
On his way, he spoke to the Palestine TV bureau chief, Rafat Tidra.
"He was so professional, as always," Tidra said. "In that conversation, he was focused on what he was going to report the next day, how we were going to work."
A man sits observing the rubble after an Israeli airstrike on a refugee camp.
Abed Khaled
Around 9:30, an Israeli airstrike hit his house, wiping out the Abu Hatab family. No one survived. His neighbor's houses only sustained limited damage from the blast.
When asked, Israeli military spokesperson Lt. Col. Richard Hecht said he was "not aware of reports" of Abu Hatab's death. Israel says it goes after militants, not civilians, and blames Hamas for operating in densely populated residential areas.
Israel's ground offensive in northern Gaza, which began a week ago, is aimed at toppling Gaza's Hamas rulers. At the same time, airstrikes across the territory have continued unabated.
Abu Hatab's colleagues at Palestine TV, where he spent 26 years reporting, were in shock on Friday. They remembered him as a quiet and gentle man who brought homemade hummus to worn-down journalists camped outside Nasser Hospital during the war, even as Israel's tight siege made food and water harder to find.
When the war first erupted, he sprang into action and never stopped working, his colleagues said.
"He was live on air the whole time covering Khan Younis, his city, his people, simple people," said Nasser Abu Bakr, the head of the Ramallah-based Palestinian Journalists Syndicate and Abu Hatab's long-time friend.
Abu Bakr was unsettled after their final phone conversation the night before his death. He said Abu Hatab sounded weary and depressed.
"He told me, 'Everything is terrible. 'I don't know when I will be killed,'" Abu Bakr recalled.
Before hanging up, he said, Abu Hatab had one last request: "Please, please, pray that God protects us."
In the US Air Force, there are fewer than 100 active members of the special-operations security force known as DAGRE, or Deployed Aircraft Ground Response Element. These specially trained airmen work in tandem with teams from the Army Green Berets, Navy SEALs, and more to provide security for VIPs, conduct airfield surveys, and apprehend oppositional forces that pose a threat.
Insider observed a DAGRE training exercise at Cannon Air Force Base in Clovis, New Mexico, to see how these air commandos are taught to keep hostile environments safe.
Many businesses and consumers are locked into low-cost debt, insulating the economy from rate hikes, BofA says.
The economy will slow “meaningfully” when rate hikes are ultimately felt, but it won’t bring a recession.
Stocks can still do well as rates rise and interest rates still aren’t that high relative to history, BofA notes.
Thanks for signing up!
Access your favorite topics in a personalized feed while you’re on the go.
The Federal Reserve has briskly raised interest rates to rein in red-hot inflation brought on during the pandemic, and investors have been on edge trying to assess the impact of the central bank’s efforts.
But through it all, GDP numbers have come in hot, consumer spending has been strong, and the job market is showing few signs of weakening.
For those who are confused about why the economy has been able to weather the swiftest rate hikes in 40 years, Bank of America analysts say it’s due to the long period of abnormally low-interest rates following the Great Recession that only ended in March 2022 when the Fed embarked on its inflation fight.
That’s also why the outlook for equities isn’t as ominous as many forecasters say — rates may feel high, but they’re still pretty tame relative to history.
“A key reason for resilience is the relatively slow transmission of interest rate increases to the real economy, as a large share of households and businesses have locked in low borrowing costs and don’t yet need to roll over their debt,” analysts Aditya Bhave and Mark Cabana wrote in a note published Wednesday.
The Fed kept rates near zero following the 2008 crisis in order to stimulate economic activity. Both households and corporations got used to ultra-low-cost debt, making the current run-up in rates feel more painful.
But many borrowers are still locked into loans they signed when interest rates were low, so they haven’t had to take on those higher costs yet.
While the impact of higher rates has yet to be felt fully, the BofA analysts say it won’t spark a recession when it does hit.
“Looking ahead, we expect the economy to slow meaningfully in the coming quarters as higher front-end and long-end rates take their toll on credit conditions. However, we think there is enough momentum in the economy to avoid an outright recession.” they said.
It’s a similar story for the stock market, which has been pressured by rising interest rates since the Fed began hiking borrowing costs.
But again, the abnormally low-rate period prior to 2022 is a reason why the outlook for the stock market isn’t all that bad. While the spike in rates is expected to ripple through the economy and weigh on corporate profitability, BofA analysts say there are important “nuances to consider.”
“Rates are not excessively high, they just feel high relative to a decade of ZIRP (zero interest rate policy),” the analysts wrote. “Zero was too accommodative in 2021, and 5% is closer to average rather than ultra-high.”
So while investors may be fretting over how and when rate hikes could impact the market, the period of rising interest rates since March 2022 is more of a return to normalcy.
The frenetic bond market has also been a concern for investors as Treasury yields have been rising on expectations of tight Fed policy. That’s because when bond yields rise, they give investors an attractive way to get solid, nearly risk-free returns relative to equities.
But when accounting for inflation, real yields haven’t risen enough to truly dent the stock market’s competitive edge, the analysts argue.
“10yr [Treasury] real yields today of 2% to 3% based on break-evens are below average and not particularly competitive with equity returns,” they said. “Our valuation framework suggests price returns of 6%, or ~8% total returns per annum over the next 10 years.”
Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Early withdrawal penalties are as follows: 90 days interest for terms of 24 months or less, 180 days interest for terms of more than 24 months
Interest compounds daily to maximize earnings
FDIC insured
A 5-year CD may be ideal if you don’t need access to some of your savings for a few years. If you’re also interested in other CD term lengths, check out our overall best CD rates guide.
We check rates daily to find the best rates for 5-year terms Here are our top picks for 5-year CDs.
Best 5-Year CD Rates
These are our picks for the best 5-year CD rates. Our top picks for CDs are protected by FDIC or NCUA insurance. Although Silicon Valley Bank, Signature Bank, and First Republic Bank have recently been shut down, keep in mind money is safe at a federally insured financial institution. When a financial institution is federally insured, up to $250,000 per depositor is secure in a bank account.
Compare the Best 5-Year CDs
MYSB Direct 5 Year CD
Insider’s Rating
3.5/5
Annual Percentage Yield (APY)
4.90%
Minimum Deposit Amount
$500
Pros
High interest rate
$500 minimum opening deposit
Low early withdrawal penalties
Cons
Interest compounded monthly, not daily
Product Details
NY-based financial institution that serves customers nationwide
Terms range from 6 months to 5 years
Early withdrawal penalty is 90 days of interest
Interest compounded and deposited monthly
FDIC insured
United States Senate Federal Credit Union 5 Year Smart Share Certificate
United States Senate Federal Credit Union, NCUA Insured
Insider’s Rating
3.5/5
Annual Percentage Yield (APY)
4.86%
Minimum Deposit Amount
$1,000
Pros
High interest rate
Standard early withdrawal penalties
Cons
$1,000 minimum opening deposit
Product Details
Locations in Alexandria, Virginia and Washington, DC
To join USSFCU, you must work for a Select Employee Group; have a family member that’s a current member; become a member of the U.S. Capital Historical Society or the American Consumer Council
All members have to pay a one-time $1 membership fee
Early withdrawal penalties: 90 days of interest for terms of 1 year or less; 120 days of interest for terms greater than 2 years and up to 3 years; 360 days of interest for terms greater than 3 years
Earn higher interest rates with a higher account balance (Tiers: $100,000 and $200,000)
Interest compounded and deposited monthly
Federally insured by the NCUA
First National Bank of America 5 Year CD
Insider’s Rating
4/5
Annual Percentage Yield (APY)
4.75%
Minimum Deposit Amount
$1,000
Pros
Competitive APY
Term lengths up to 84 months
Cons
$1,000 opening deposit
High early withdrawal penalties
No term lengths under 12 months
Product Details
3 branches in Michigan: East Lansing, Grand Rapids, and Traverse City
You can open CDs in a branch; if you don’t live in Michigan, you can open CDs online
Term lengths ranging from 12 to 84 months
180 days interest for terms of 12-23 months, 360 days interest for terms of 24-47 months, 540 days interest for terms of 48 to 84 months
On Bread Savings’ website. Bread Savings, FDIC Insured.
Insider’s Rating
3.5/5
Annual Percentage Yield (APY)
4.75%
Minimum Deposit Amount
$1,500
Pros
Competitive APY
Standard early withdrawal penalties
Cons
$1,500 minimum opening deposit
Limited term options
Product Details
CD terms range from 1 year to 5 years
Early withdrawal penalty: 180 days simple interest for terms between 1 year and 3 years; 365 days simple interest for terms between 4 years and 5 years
Interest compounded daily, paid monthly
FDIC Insured
Popular Direct 5 Year CD
Insider’s Rating
3.5/5
Annual Percentage Yield (APY)
4.65%
Minimum Deposit Amount
$10,000
Pros
Competitive rates for certain term lengths
Compounds interest daily
Cons
$10,000 minimum deposit
Standard-to-high early withdrawal penalties
Product Details
Terms ranging from 3 months to 5 years
Early withdrawal penalties: 89 days simple interest for terms under 91 days; 120 days simple interest for terms of 91 days to less than 12 months; 270 days simple interest for terms of 12 months to less than 36 months; 365 days simple interest for terms of 36 months to less than 60 months; 730 days simple interest for terms of 60 months or more
Interest compounded daily, paid monthly
FDIC insured
Crescent Bank 5 Year CD
Insider’s Rating
4/5
Annual Percentage Yield (APY)
4.60%
Minimum Deposit Amount
$1,000
Pros
High interest rate
Standard CD terms
Standard early withdrawal penalties
Cons
$1,000 minimum opening deposit
Product Details
3 branches in Louisiana
Terms range from 12 months to 5 years
Early withdrawal penalties: 90 days interest for a 1-year CD term; 180 days interest for all other CD terms
Interest compounded and deposited monthly
Member FDIC
Quorum Federal Credit Union 5 Year Term Savings
Insider’s Rating
4.25/5
Annual Percentage Yield (APY)
4.50% (on balances of $1,000 – $99,999) to 4.60% (on balances of $100,000 or more)
Minimum Deposit Amount
$1,000
Pros
Competitive interest rate on select CD terms
Standard-to-low early withdrawal penalties
Standard CD terms
Cons
$1,000 minimum opening deposit
Interest compounded monthly, not daily
Product Details
Online credit union with 1 location in NY
Terms range from 3 months to 5 years
To become a member, you or a family must work at a Select Employee Group OR you must join the American Consumer Council or Select Savers Club
Earn an additional 0.10% APY on account balances over $100,000
Early withdrawal penalties: 1% of the amount withdrawn for terms between 2 months and 11 months; 2% of the amount withdrawn for terms between 1 year and 2 years; 3% of the amount withdrawn for terms over 25 months
Interest compounded and deposited monthly
NCUA insured
First Internet Bank of Indiana 5 Year CD
Insider’s Rating
4/5
Annual Percentage Yield (APY)
4.59%
Minimum Deposit Amount
$1,000
Pros
Competitive APY
Standard early withdrawal penalties
Cons
$1,000 opening deposit
Interest is compounded monthly, not daily
Product Details
Terms ranging from 3 months to 5 years
90 days interest early withdrawal penalty for 3-month term; 180 days interest for 6-18 month term; 365 days interest for 24-60 month term
Interest is compounded monthly and paid monthly
Member FDIC
Barclays 5 Year Online CD
Insider’s Rating
4/5
Annual Percentage Yield (APY)
4.50%
Minimum Deposit Amount
$0
Pros
No minimum deposit
High interest rate
Low-to-standard early withdrawal penalties
Cons
Low mobile app ratings in the Apple store
Product Details
Terms range from 3 months to 5 years
Early withdrawal penalties are as follows: 90 days interest for terms of 24 months or less, 180 days interest for terms of more than 24 months
Interest compounds daily to maximize earnings
FDIC insured
BMO Alto 5 Year High Yield CD
Insider’s Rating
3.5/5
Annual Percentage Yield (APY)
4.50%
Minimum Deposit Amount
$0
Pros
Low minimum opening deposit
High interest rates
Standard-to-low early withdrawal penalties
Cons
Limited term lengths
Cannot go to BMO branches for support
No mobile app
Product Details
BMO Alto is an online-only division of BMO
Terms range from 6 months to 60 months
Early withdrawal penalties: For terms of 11 months or less, the penalty is 90 days of interest; For terms of 1 year or more, the penalty is 180 days of interest
Interest is compounded daily and deposited monthly
FDIC insured
5-Year CD FAQs
The highest 5-year CD rate is 4.90% APY at MYSB Direct.
A 5-year CD is worthwhile if you’re saving for a 5-year goal. You can lock in a fixed rate for five years and grow your savings. Take note that CDs have early withdrawal penalties and do not permit deposits after an account is open.
A 5-year CD is a type of savings account with a fixed interest rate. With a 5-year CD, you’ll deposit your money for 60 months. Once your term ends, you’ll have the option to renew the CD or close the account and withdraw your money.
A 5-year CD works by maintaining the same interest rate for the entire term. For example, if you open a 5-year CD at a 4.50% APY, you’ll earn 4.50% for the entire five years. If you renew your CD after it matures, you’ll earn the new rate available in five years.
If your priority is earning a high interest rate, 3-year CDs and 5-year CDs generally offer higher rates than 1-year CDs. However, with a 3-year or 5-year CD, you could ultimately miss out on higher rates in the long run. Many experts recommend CD laddering. With this strategy, you open multiple CDs with different term lengths. That way you can take advantage of higher rates with longer terms, but also access some of your money earlier.
MYSB Direct CDs pay a competitive interest rate and have a low minimum opening deposit.
M.Y. Safra Bank is a New York-based financial institution that serves customers nationwide and its online-only division is MYSB Direct.
The bank compounds interest monthly, not daily. Depending on how much money you plan to keep in a CD, this may or may not make a significant difference.
APY for 5-year CD: 4.90% APY
5-year CD early withdrawal penalty: 90 days of interest
The US Senate Federal Credit Union 5-Year Smart Share Certificate pays a high CD rate. This credit union also offers great rates for 2-year and 3-year terms.
US Senate Federal Credit Union also has appealing jumbo CDs ($100,000 minimum opening deposit) and plus jumbo CDs ($200,000 minimum opening deposit) with even higher rates.
To join US Senate Federal Credit Union, you must work for a Select Employee Group, have a family member who is a current member, become a member of the U.S. Capital Historical Society or the American Consumer Council (you can join these organizations from anywhere in the US).
APY for 5-year CD: 4.86% APY
5-year CD early withdrawal penalty: 360 days of interest
First National Bank of America CDs are available online from anywhere in the US, and come in a variety of terms.
You also might like First National Bank of America if you live in Lansing, Grand Rapids, or Traverse City, Michigan. It has branches in these cities.
First National Bank of America has steep early withdrawal penalties for most terms. You might prefer one of the other options on our list if you are worried about CD early withdrawal penalties.
APY for 5-year CD: 4.75% APY
5-year CD early withdrawal penalty: 540 days of interest
A Bread Savings High-Yield CD might be an appealing option if you’re looking for a high interest rate. The bank has strong 1-year, 2-year, 3-year and 5-year terms.
Keep in mind, Bread Savings only has a high-yield savings account and CDs, though.
Bread Savings CDs require at least $1,500 to open an account. Other financial institutions on our list may have lower minimum opening requirements.
APY for 5-year CD: 4.75%
5-year CD early withdrawal penalty: 365 days of interest
You may like a Crescent Bank CD if you’re searching for a 5-year term. The online bank also has one of the best 3-year CD rates.
To open the Crescent Bank CD, you’ll need to deposit at least $1,000 in new money. New money means funds that haven’t already been deposited into a Crescent Bank account.
Crescent Bank CDs will automatically renew at the end of each term unless you call customer service to cash out your CD.
APY for 5-year CD: 4.60% APY
5-year CD early withdrawal penalty: 180 days interest
Quorum Federal Credit Union Term Savings Accounts (which are similar to CDs) have a great interest rate for a 5-year term. You’ll also get an additional 0.10% APY if you deposit $100,000 or more.
You must become a member of Quorum Federal Credit Union to open a CD. The easiest way to join regardless of where you live in the US is to join the American Consumer Council or Select Savers Club. You also may be eligible for membership if you work for a Select Employer Group on this list.
APY for a 5-year CD: 4.50% (on balances of $1,000 – $99,999) to 4.60% (on balances of $100,000 or more) APY
5-year CD early withdrawal penalty: 3% of the amount withdrawn
First Internet Bank of Indiana CDs may be appealing if you’re searching for a variety of term lengths. The bank is also featured in our best money market accounts guide.
First Internet Bank of Indiana compounds your interest monthly, not daily. Depending on how much money is in your CD, this may or may not make a significant difference. You can also find a bank that charges less for an early withdrawal from a 5-year CD.
APY for 5-year CD: 4.59% APY
5-year CD early withdrawal penalty: 360 days of interest
Barclays CDs could be a good choice if you want to get a 5-year CD with a lower amount, because there’s no minimum opening deposit. Typically, you need at least $1,000 to open a CD at most banks.
Barclays doesn’t have a checking account. If you want to do all your banking at one financial institution, you may want to choose a different bank that has both savings and checking.
APY for 5-year CD: 4.50% APY
5-year CD early withdrawal penalty: 180 days of interest
The BMO Alto High Yield CD may be a good choice if you’d like to open an online CD with a $0 minimum opening deposit. BMO Alto is an online-only division of BMO Financial Group, and its accounts are available nationwide.
BMO Alto doesn’t have a mobile app. Also, you can’t go to a BMO Bank location to get customer support. That said, customer service for BMO Alto is available 24/7 by phone.
APY for 5-year CD: 4.50% APY
5-year CD early withdrawal penalty: 180 days of interest
Other 5-Year CDs We Considered
We looked at the following 5-year CDs as well. However, our top picks may have higher interest rates, lower minimum opening deposits, and lower early withdrawal penalties, which make them more compelling options.
Latino Community Credit Union Share Certificate: Latino Community Credit Union has high CD rates on short-term share certificates, but its long-term rates aren’t as competitive as our top picks.
Department of Commerce Federal Credit Union 5 Year Share CD: Department of Commerce Federal Credit Union has a 5-year CD with a good interest rate. However, our top picks offer more competitive CD rates for a 5-year term, or let you open a CD with $0 upfront.
Edward Jones CD: Edward Jones has brokered CDs with interest rates much higher than the national average. However, you must have a brokerage account or bank account to open a CD. We also didn’t include it on our list because brokered CDs work differently than traditional CDs — for example, you’ll have to sell on a secondary market if you no longer want the CD for the full term.
Delta Community Credit Union CD: Delta Community Credit Union has a 5-year CD paying 4.00% APY, which is just short of the rates on our list.
Alliant Certificate: Alliant Credit Union’s 5-year CD pays 4.35% APY, but our top picks have even more competitive 5-year terms.
CFG Bank CD: CFG pays solid interest rates on CDs, but you’ll earn higher rates with our top picks.
Quontic CD: Quontic Bank’s 5-year certificate pays a lower interest rate than our top picks.
Synchrony Bank CD: Synchrony CDs have a low minimum opening deposit, but other financial institutions offer high rates on long-term CDs.
Discover CD: Other financial institutions offer more competitive interest rates on 5-year CDs or lower minimum opening deposit requirements.
Ally High Yield CD: Ally CDs have low minimum opening deposits, but our top picks all pay higher interest rates.
Marcus High-Yield CD: Marcus has low minimum opening deposits on accounts, but our top picks pay higher interest rates right now.
PenFed Credit Union Money Market Certificate: Pentagon Federal Credit Union has high interest rates for its 1-year and 18-month CDs. However, you’ll find a more competitive interest rate at one of the financial institutions we’ve featured as a top pick.
TAB CD: TAB Bank has a solid interest rate, but our top picks offer even higher rates.
Bank Trustworthiness and BBB Ratings
We’ve compared each company’s Better Business Bureau score. The BBB grades businesses based on factors like responses to customer complaints, honesty in advertising, and transparency about business practices. Here is each company’s score:
MYSB Direct currently has an NR (No Rating) grade because the BBB doesn’t have enough information to provide a rating.
Bread Savings currently has a B+ rating because it has failed to resolve an underlying cause for a pattern of complaints.
US Senate Federal Credit Union also has an A- rating because it hasn’t responded to one customer complaint.
A good BBB rating doesn’t necessarily mean that your relationship with the bank will be perfect. Talk to current customers or read online customer reviews to get a more well-rounded perspective about whether the bank may be ideal for you.
BMO has been involved in one recent public controversy. In 2022, a Minnesota jury ordered the bank to pay $564 million in damages in a lawsuit involving a Ponzi scheme operated by a Minnesota businessman. That said, the Ponzi scheme was uncovered in 2008 at M&I Bank, and BMO bought M&I Bank in 2011.
Bread Savings has also been involved in a recent public controversy. According to a note on the BBB website about Comenity Capital Bank (Bread Savings’ partner bank), there has been a pattern of complaints and reviews received by the BBB between October 15, 2022, and November 14, 2022. The complaints claim that customers have experienced billing inaccuracies, customer service deficiencies, and inaccurate reporting to credit bureaus. Comenity agreed to meet with the BBB on March 2, 2023.
As of April 23, 2023, Comenity stated it is taking the following steps: 1) investigating complaints, disputes, and fraud concerns; 2) adding staff and more training for customer service agents; and 3) reporting accurate and timely information to credit bureaus. The BBB will provide updates as needed.
Why You Should Trust Us: Expert Advice on Choosing the Best 5-Year CD
To learn more about what makes a good CD and how to choose the best fit, Insider consulted four experts:
Insider
Here’s what they had to say about CDs.
How do you decide how long your CD term should be?
CDs come in different terms that range from months to years, and a 5-year CD is typically one of the longest terms available. When choosing the right term for you, start with how you’re going to use the money, and when. If you’re buying a house in five years and know you won’t need the money until then, a 5-year CD might work for your needs — however, if you’re buying that house in two years, you’ll need to choose a shorter term.
Once you know when you’ll need the money, you can take a look at available rates. Maybe you have some flexibility around when you’ll need the money, and find it worth leaving in the bank an extra six months or year to get a higher rate.
Should you put money in a high-yield savings account, money market account, or CD?
You’re allowed to have multiple types of accounts, and it’s OK to put money in different places for different purposes. Perhaps you want a high interest rate on money you can access at any time for an emergency, so you put that emergency fund in a high-yield savings account. Then, you want a savings account from which you can make regular withdrawals, so you use a money market account. Finally, you want to keep a nest egg out of sight and out of mind while earning a strong interest rate, so you use a CD.
Choosing which type of account to use comes down to how you plan to use that money, and when.
Our Methodology
First, we researched to find over 20 banks and credit unions that offered 5-year CDs. Then, we reviewed each institution to find the most-well rounded banking options. For each account, we compared the minimum opening deposits, early withdrawal penalties, and interest rates. We also considered the overall banking experience at each bank by assessing customer support availability, mobile app ratings, and ethics.
Evelyn He is a compliance associate at Insider who supports the Personal Finance Insider team. Personal Finance Insider is Insider’s personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love. The compliance team’s mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Before joining Insider, she served in various legal and compliance roles in different industries, including the legal and pharmaceutical industries. Evelyn obtained her M.S. degree in Marketing at Boston University in 2022. Prior to combining and consolidating her knowledge of law and business, she spent one year finishing 1L courses at Suffolk University Law School to further her legal knowledge. She has also completed MBA business law courses while working on her Bachelor of Business Administration in Management at the University of Massachusetts, Amherst. Outside of work, she enjoys spending time with her 14-year-old Shih Tzu named Money, and her 5-year-old Bichon named Tibber.
Earn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. Earn up to 4.60% APY on savings balances (including Vaults) with direct deposit
The cheapest AirPods right now are the basic 2nd generation pair. They lack some of the newest features like IPX4 water resistance, but you still get reliable connectivity and good sound, and increasingly, you can add affordability to that list with prices as low as $89.99. If you want AirPods for cheap, value-wise, this is as good as you’ll get. You’ll also find the AirPods Max down to $479 at Amazon. Read on for all the best AirPods deals.
The AirPods Pro offer fantastic sound quality and powerful noise-cancellation features. This version, which includes a new USB-C case, is 20% off (just $10 more than the all-time low).
Compared to the previous model, Apple’s third-generation AirPods offer longer battery life, water resistance, and support for spatial audio. The pair that ships with a Lightning charging case are $20 off right now.
The AirPods (2nd generation) aren’t the newest AirPods around, but they still offer great sound quality and extra features for iPhone owners. They’re down to $99 right now, which is not far off from the lowest price we’ve seen.
As the third generation of AirPods, these headphones boast spatial audio and longer battery life. This model includes a MagSafe-compatible charging case for the added convenience of wireless charging. This SKU is rare to find outside Apple’s stores, but B&H has it, and it’s $10 off.
The AirPods Max give up the compact portability of the AirPods Pro to deliver the best of Apple’s audio quality and noise-canceling performance. At full price, the AirPods Max are more expensive than competing over-ear headphones. This $70 discount isn’t the best we’ve seen, but it’s better than you’ll find elsewhere.
Do AirPods get cheaper on Black Friday?
For many products, retailers usually wait until Black Friday to offer the best AirPods prices you’ll see all year. Last year, the 2nd-generation AirPods and AirPods Pro fell to $100 and $199, respectively. We then saw those dip another $10 during Amazon Prime Day to $90 and $189 this year. Some of the all-time low prices established earlier in 2023 have stuck around or fluctuated only about $10.
We wouldn’t expect AirPods prices to fall dramatically further this year, if at all. At best, you might be able to save an extra $10 to $20 on AirPods earbuds during Black Friday and up to $50 on the AirPods Max.
Shop around for even better AirPods deals
AirPods prices fluctuate frequently throughout the year, so you can always wait a few weeks to see if the pair you want gets back down to a more reasonable price for your wallet. The discounts aren’t often sharp, but with the holiday shopping season, we could see new all-time lows. If you need a pair today and the offers above don’t agree with your wallet, you can always shop around at the retailers listed ahead for open-box and refurbished models.
AirPods vs AirPods Pro: what’s the difference?
Comparing AirPods (3rd generation) and AirPods Pro (2nd generation), you’ll find some key differences that cater to different needs and preferences. Sound quality is one of the significant distinctions.
The latest AirPods Pro offer active noise cancellation and spatial audio with dynamic head tracking, which allows for a more immersive listening experience. If you’re using the AirPods Pro with Dolby Atmos content, they’ll simulate positional sound more accurately than standard stereo headphones and earbuds. In contrast, baseline AirPods offer standard sound quality without these advanced features.
When it comes to fit and comfort, AirPods Pro have an edge with customizable silicone ear tips, providing a secure and comfortable fit, whereas AirPods follow a one-size-fits-all design. Battery life between them is similar, offering up to 6 hours of listening time on a single charge and 30 hours total when factoring in the charging case.
If you enjoy workouts, you’ll be glad to hear that the latest AirPods and AirPods Pro are rated IPX4 for water and sweat resistance. The previous AirPods (2nd generation) don’t offer such repellent qualities.
Should you buy the USB-C AirPods Pro?
Apple released a new version of the AirPods Pro (2nd generation) in September 2023 with a charging case with a USB-C port instead of a Lightning connector. An EU ruling that mandates universal charging standards has necessitated this change. Even the iPhone is moving over to USB-C as of the iPhone 15 series.
Otherwise, there aren’t any meaningful changes compared to the original 2nd generation AirPods Pro. They both use the same drivers, chipset, and software, so unless you loathe Lightning or like the idea of having USB-C on all your devices, there’s no real reason to upgrade.
Israel has sent elite troops into Gaza as its ground invasion of the territory ramps up.
Herzi Halevi, chief of the general staff of the Israel Defense Forces, said its “best soldiers” were in action.
They will be tasked with clearing the Hamas’ labyrinth of tunnels and rescuing over 200 hostages.
Thanks for signing up!
Access your favorite topics in a personalized feed while you’re on the go.
Israel has indicated that it had sent elite troops into Gaza as it intensifies its ground operations against Hamas following the October 7 terrorist attacks.
Herzi Halevi, the chief of the general staff of the Israel Defense Forces (IDF), said in an update posted to X, formerly Twitter, that the IDF’s “best soldiers and commanders” were now taking part in the offensive in Gaza.
Halevi said that Israel had entered the next stage of the war as it set about its goal of “dismantling Hamas, securing our borders, and the supreme effort to return the hostages home.”
Here are the special forces units that could see action in Gaza.
Yahalom Unit
One squad that will be crucial in how Israel fares in underground warfare is the Yahalom Unit, which specializes in “locating and destroying” underground and hidden tunnels as well as carrying out sabotage missions, according to the IDF’s website.
Israeli Prime Minister Benjamin Netanyahu recently visited Yahalom fighters, who are known as “weasels,” telling them: “I rely on you. The people of Israel rely on you,” Reuters reported.
Sayeret Matkal
Another important unit will be Sayeret Matkal, Israel’s “field intelligence-gathering unit.”
It carries out intelligence operations behind enemy lines, and, crucially, it conducts hostage recovery missions.
Modeled on the British SAS, it has a storied history, seeing action in the Yom Kippur War and both the First and Second Lebanon Wars. In the latter, it led “raids deep inside Lebanon,” per the IDF.
It is best known for its role in the 1976 Entebbe airport raid in Uganda, when its commandos saved 100 Israelis from Palestinian hijackers.
Shayetet 13
Shayetet 13 is a marine commando unit involved in ground, maritime, and airborne missions.
Its role encompasses attacking enemy marine infrastructure and intelligence.
The unit has already seen action in the conflict with Hamas, with footagereportedly showing it retaking a military post on the Gaza border following Hamas’ attacks.
Shaldag Unit
Shaldag is one of the IDF’s “most elite” squads. It’s tasked with performing many classified operations that are not public knowledge.
Video footage posted by the IDF on YouTube on October 25 appeared to show soldiers from the unit taking out Hamas militants and rescuing people in Kibbutz Be’eri.
Duvdevan Commando Unit
The Duvdevan Unit specializes in working in “densely populated civilian areas,” which could prove crucial in Gaza, where a population of more than 2 million people live in a strip of land that’s around 25 miles long and around just eight miles wide at the widest point.
Its forces go undercover among local Arab populations, according to the IDF.
One of its highly-trained specialists, Sgt. First Class Itai Bausi, 22, fought Hamas fighters with his bare hands at Supernova desert party on October 7, before he was killed, said witnesses, per The Times of Israel.
Egoz Unit
Egoz was specifically created to tackle the threat of the Iran-backed Lebanese militant group Hezbollah, which Israel has been increasingly battling over the last few weeks.
Despite this, the unit now works across any region using guerrilla warfare, but it maintains a special focus on northern Israel.
Maglan Unit
Another unit that operates in enemy-held territory, Maglan’s role is to destroy “specific targets” and build intelligence. It was initially formed in 1986 as an anti-tank warfare unit, per the IDF.
Three soldiers from the unit were killed in southern Israel during the October 7 terrorist attacks, The Times of Israel reported.
Oketz Unit
Solider and dog from the IDF’s Oketz (“Sting” in Hebrew) is the IDF’s canine unit.
The unit was created in 1974 to combat a rise in terrorist attacks on Israel, the IDF says.
Israel’s ground offensive
Israel began its ground offensive on Saturday following an increased wave of airstrikes on the territory — the heaviest bombardment of the conflict so far.
Its military also dropped leaflets across Gaza City, telling people living there to evacuate.
“To the residents of the Gaza Strip: The Gaza governorate (Gaza City) has become a battlefield. Shelters in northern Gaza and Gaza governorate are not safe,” read one leaflet in Arabic, per The Telegraph.
An explosion seen from the southern Israeli city of Sderot.
ARIS MESSINIS/AFP via Getty Images
Israel has repeatedly claimed that Hamas militants utilize civilian buildings as bases and storage areas, while also building tunnel complexes beneath them to faciliate their operations and transport equipment.
The key to the offensive for Israel will be clearing this “spider’s web” of tunnels that lie beneath the territory, say the IDF.
IDF spokesperson Jonathan Conricus said earlier this month that Hamas had built “a network of tunnels from Gaza City and under Gaza City” down to Khan Yunis and Rafah, turning the strip into “one layer for civilians and then another layer for Hamas.”
“These aren’t bunkers for the Gazan civilians to have access to when Israel is striking. It’s only for Hamas and other terrorists so that they can continue to fire rockets at Israel, to plan operations, to launch terrorists into Israel,” he added.
‘Waiting to get punched in the face’
Israeli soldiers march toward a possible ground fight with Hamas in Gaza
Ilia Yefimovich/dpa
Fighting in the densely populated streets of Gaza and in Hamas’ labyrinth of tunnels could help level the playing field between the two sides, however, as it may diminish the impact of some of the Israeli forces’ technological advantages, The Associated Press reported.
“I usually say it’s like walking down the street waiting to get punched in the face,” John Spencer, a former US Army major and the chair of Urban Warfare Studies at the Modern War Institute at West Point, said, per The AP.
In such situations, those defending “had time to think about where they are going to be and there’s millions of hidden locations they can be in. They get to choose the time of the engagement — you can’t see them but they can see you,” he added.
More than 1,400 Israelis have died since Hamas’ October 7 terrorist attacks, and over 200 Israelis were taken hostage and abducted to Gaza. Gaza’s Health Ministry said the Palestinian death toll is now over 8,000, as a result of Israel’s relentless bombing of the enclave, The AP reported.
