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Online CD Rates 2020 – 4-Year CDs

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 - October 20, 2020

4 Year CD National Average: 0.72% ?

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Primary Bank
1.20% 1.68x $1,000 Learn More
Navy Federal Credit Union
1.15% 1.61x $100,000 Learn More
USAA Federal Savings Bank
0.98% 1.37x $175,000 Learn More
Early Withdrawal Penalty is 180 days interest.
Gateway First Bank
0.95% 1.33x $25,000 Learn More
Ohio Catholic
0.90% 1.26x $100,000 Learn More
Early Withdrawal Penalty is 360 days interest.
Comenity Direct
0.85% 1.19x $1,500 Learn More
0.80% 1.12x $500 Learn More
TIAA Bank / Everbank
0.80% 1.12x $1,000 Learn More
Transportation Alliance Bank, Inc. d/b/a TAB Bank
0.80% 1.12x $1,000 Learn More
Live Oak Banking Company
0.80% 1.12x $2,500 Learn More
Ohio Catholic
0.80% 1.12x $25,000 Learn More
Ally Bank
0.75% 1.05x $0 Learn More
Warning: Early Withdrawal Penalty is the greater of all credited interest or 90 days interest.
Synchrony Bank
0.75% 1.05x $2,000 Learn More
Prime Alliance Bank
0.70% 0.98x $500 Learn More
Discover Bank
0.70% 0.98x $2,500 Learn More
Citizens Access
0.70% 0.98x $5,000 Learn More
0.65% 0.91x $500 Learn More
Early Withdrawal Penalty is the greater of: everything earned in the first 12 months or 30% of total dividends that would have been earned if held to maturity, but not to exceed total dividends paid.
ableBanking, a division of Northeast Bank
0.60% 0.84x $1,000 Learn More
Early Withdrawal Penalty is 365 days interest.
OneWest Bank, a division of CIT Bank
0.55% 0.77x $1,000 Learn More
American Express Bank, FSB
0.50% 0.70x $0 Learn More
Radius Bank
0.50% 0.70x $500 Learn More
CIT Bank
0.50% 0.70x $1,000 Learn More
Virtualbank, a division of Iberiabank
0.50% 0.70x $10,000 Learn More
Barclays Bank Delaware
0.40% 0.56x $0 Learn More
Vio Bank, A Division of MidFirst Bank
0.40% 0.56x $500 Learn More
Axos Bank, a division of Bofi Federal Bank
0.40% 0.56x $1,000 Learn More
Capital One 360
0.35% 0.49x $1,000 Learn More
Purepoint MUFG Union
0.25% 0.35x $10,000 Learn More
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.


Four Year CDs - Online Banks 2020

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.



  • 4 year CDs provide a fixed rate for the term of the CD.
  • The rate is higher than a savings account or a 1 year CD to compensate for the longer term.
  • CDs opened online can be done from the comfort of a saver's living room.


  • The saver's money is locked away for four years unless they want to break the CD and pay a penalty.
  • In a rising rate environment, inflation will reduce the value of the money in the CD over time.

All banks listed on BestCashCow are FDIC insured; 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.


Find out how much extra money you can earn by moving your bank money into an account that pays more.

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Online CD Rates 2020 – 4-Year CDs