Four-Year Certificates of Deposit (CD) are not as popular as the three and five year terms which means the rates often aren’t as competitive. The best four year cd rates are often only marginally above the 3 year rates. Nevertheless, for those who want to lock in a rate for a longer period of time, 4 year cds are worth a look. Four Year CDs rates from online banks are often higher than the national average.
Highest Four-Year Online CD Rates - June 5, 2023
4 Year CD National Average: 0.76% ?
| BANK | APY? | MIN? | |||
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4.00% | $2,500 |
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on the Discover Bank website |
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Guaranteed returns. No account fees. Member FDIC. |
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Restrictions |
4.59% | $500 | Learn More | ||
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member | Dec 14, 2022 Agree with Jaben to stay away from docfcu. They don't appreciate loyal members and easily turn down any requests after a delayed response. I have closed my accounts and moved my funds to better institutio... |
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4.54% | $1,000 | Learn More | ||
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Early Withdrawal Penalty is 360 days interest. |
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Jim Plew | Apr 22, 2015 Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do no... |
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4.50% | $1,000 |
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Restrictions |
4.45% | $1,000 | Learn More | ||
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Michael | Nov 11, 2022 I have been with PenFed for a number of years, and have gotten good products. Employees have been helpful. However, beware of titling for accounts with trusts. You will not be able to distinguish betw... |
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4.40% | $0 | Learn More | ||
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LenaL | May 2, 2022 Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... |
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4.37% | $100,000 | Learn More | ||
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Early withdrawal penalty is 15 months interest. |
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HonestReview | Apr 19, 2023 This bank was honest and I had no problems with them in person. Not everyone was equally competent but they got help. |
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4.36% | $500 | Learn More | ||
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. |
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4.35% | $1,500 | Learn More | ||
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Early withdrawal penalty is 365 days interest. |
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Mikeb1 | May 19, 2023 Was very easy to set up. Worked well did not reject my application like many others. It took me less than 10 minutes and it was all set up. Read More |
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4.30% | $2,000 | Learn More | ||
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jp76 | Jun 13, 2022 3 days for an ach is not market when most banks on this list do it instantly. even frigging rising bank. customer service is beyond dreadful. Read More |
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4.30% | $10,000 | Learn More | ||
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Early Withdrawal Penalty is 365 days interest. |
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Maricica | Apr 13, 2023 Worst banking exp ever. I got their 3 month CD at a rate to try to keep up with month to month inflation. I found out it's a long drawed out process next to impossible getting your money back into your f... Read More |
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4.30% | $25,000 | Learn More | ||
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Warning: Early Withdrawal Penalty is 2% of the account balance. |
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Al | Apr 12, 2021 Frustrating. The initial application form is a breeze. Then the problems start. Many hoops to jump through. |
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Restrictions |
4.26% | $100,000 | Learn More | ||
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Josh Hinson | Feb 3, 2023 So I financed a camper through this group. The plumbing water sewer black and gray tank fell to the ground 30 days after purchase. It was being “ fixed “ for almost 5 months the dealer assured me I wou... |
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4.20% | $0 | Learn More | ||
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Bonnie | Apr 19, 2023 Closed my account today after years of frustration dealing with Capitol One--Oh how miss Calcasieu Marine--haven't decided yet where to open my new account --but strongly advise staying away from Capitol ... Read More |
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4.05% | $1,000 | Learn More | ||
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TRU | Jan 9, 2023 TIAA stole money from university professors and staff and mismanaged assets so badly that a generation of people in academia were denied a comfortable retirement. Read More |
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4.00% | $500 | Learn More | ||
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John WIlliamson | Aug 6, 2022 The idea that they aren't competing is wrong. They'll give you 1% more on your savings if you run around promoting their brand and get a friend to sign up. Great marketing scheme actually, since those so i... Read More |
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4.00% | $5,000 |
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3.95% | $1,000 | Learn More | ||
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Yat 1965 | Mar 19, 2022 Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner |
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3.95% | $10,000 |
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3.75% | $0 | Learn More | ||
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AllyAccountOwner | Jan 7, 2023 After being a customer for 12 plus years, I attempted to open and Estate account. Ally declined my application saying they could not verify me even though I am a long time customer with six figures in a... Read More |
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Restrictions |
3.70% | $500 |
Learn More
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3.67% | $10,000 | Learn More | ||
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Warning: Early withdrawal penalty is 2% of principal |
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D R Lineberger | Dec 30, 2018 Garden14 Read More |
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3.40% | $5,000 | Learn More | ||
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Dr. Bill N | Jan 18, 2023 The website is constantly down. I'll move all my accounts to a less recognized name with a better rate as that gives me fewer surprises like this. Read More |
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Restrictions |
3.00% | $500 |
Learn More
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3.00% | $500 | Learn More | ||
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JBaker65 | May 6, 2023 Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. |
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3.00% | $1,000 |
Learn More
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2.75% | $500 | Learn More | ||
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Jim S | May 22, 2023 Transfers and external accounts all set up in three days. Read More |
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2.27% | $1,000 | Learn More | ||
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Early Withdrawal Penalty is all interest earned |
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Jeffinnh | Mar 30, 2021 These guys are the best local bank. Very responsive. |
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2.02% | $1,000 | Learn More | ||
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RYAN S | Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More |
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1.90% | $25,000 | Learn More | ||
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JohnC | Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More |
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1.50% | $1,000 |
Learn More
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1.20% | $0 | Learn More | ||
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Chris | Aug 31, 2022 never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here. Read More |
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1.05% | $500 | Learn More | ||
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Savvysaver | Nov 9, 2020 Here's what you will need: To be a resident of New Jersey or select Eastern Pennsylvania counties (the zip code provided in your application will receive an error stating "Zip code is not valid for this ap... |
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0.55% | $1,000 |
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0.50% | $500 |
Learn More
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Early Withdrawal Penalty is 180 days interest. |
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0.50% | $1,000 | Learn More | ||
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MrBond | Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More |
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0.25% | $10,000 | Learn More | ||
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UtahJazz1 | Jun 10, 2022 This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More |
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0.20% | $500 | Learn More | ||
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Dudley | Apr 18, 2018 Worst experience of my life. Did not fund and gave $25 to my own charity. Read More |
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0.20% | $1,000 | Learn More | ||
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JR48 | Dec 21, 2022 Stay away from this bait and switch bank that uses teaser rates. They lowered my interest rate twice in the first 2 months of opening my account. They said they had the right to change their rate at any ti... Read More |
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0.10% | $500 | Learn More | ||
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overdrawn | Nov 12, 2022 I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... |
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Four year CDs are a longer-term CD and offer a fixed rate for 4 years in return for a commitment to keep the money in the bank for this period of time. While savers can withdraw the money (termed "breaking the CD") high penalties make this undesirable. Generally, an individual should not invest in a four year CD unless they are comfortable parting with the money for this period of time.
Four year CDs from FDIC insured banks are insured up to FDIC limits (generally $250,000 per account holder per bank). If your deposit is over the FDIC limit then you may not receive the uninsured money in case of a bank failure. For this who remain within FDIC limits, the principal threat is inflation. The value of longer-term CDs are especially prone to be eaten away by inflation, especially if the CD is opened in a rising rate environment.
Four year CDs currently pay between .40-.60 percentage points more in interest than a one year CD. In general, CDs of this duration are best opened as part of a laddered CD portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years. To get a sense of rate trends, please visit our BestCashCow rate analysis page.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
