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Is a CD the Safest Place for Investments?5-year CD average: percent APY. When you're in the market for a new CD and a yield curve inversion is in place. Rates on some of the best 5-year CD accounts still remain over 4%. So if you're looking to open a CD account, now's the time to do it. The most competitive 5-year CDs pay between % APY to % APY. Why are 5-year CD rates.