A Barclays 5-year CD is a certificate of deposit that offers a fixed interest rate for a set amount of time. The interest rate is locked in for the entire term of the CD, so you know exactly how much interest you’ll earn.

One of the benefits of a Barclays 5-year CD is that you can withdrawal the funds without penalty if you need them. However, if you withdraw the funds before the CD matures, you’ll likely incur a penalty.

The interest rate on a Barclays 5-year CD varies, but it’s typically higher than the rate you’ll find on a …