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Online CD Rates 2021 – 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 - January 18, 2021

4 Year CD National Average: 0.70% ?

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BANK APY? Vs.
Nat'l
Av.
MIN?
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Minimum deposit to open is $1,000. Terms from 6 months to 5 years Free online banking to view balances Available interest payment options Penalty for early withdrawal may apply

| Dec 05, 2020

Very happy with Primary Bank and Derry Branch Staff all customer relations make you feel that your business is important to the bank Lauren Branch Manager and Elizabeth have been there to assist us and m...

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

| Jun 25, 2020

Sorry, not 1.30% APY. 1.05%, 1.10% for balances above $100k

Early Withdrawal Penalty is 360 days interest.

| 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...

| Jan 14, 2021

Easiest account set-up process ever. Read More

| Jun 25, 2020

Ok, GFB's site a bit more compliant today. Unfortunately the rate posted here is not current. 1.05% and look at that minimum! Read More

| Aug 15, 2019

I applied for a jumbo CD account over two weeks ago. They asked me for more documentation than my mortgage company did and then they did a hard credit pull. They advertise fast and simple they are simply n...

| Oct 24, 2020

Avoid any bank that lowers its savings rate from 0.90% to 0.65% without any notice to customers. just avoid it.

| Apr 17, 2020

I have had a CD and passbook for a year or so and have had decent enough service and return. Can't complain.

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

| Oct 03, 2020

I cannot overstate how incompetent Synchrony is. Even though I called multiple times before my CD was coming due to indicate that I didn't want it to autorenew, they autorenewed it. This could only have b... Read More

| Sep 03, 2020

This is the best bank on the list. Great service, competitive rates, no problems.

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.

| Sep 06, 2020

Yes, Pentagon had good rate initially, but it disappeared at renewal. We have top credit score (835).

| Dec 12, 2020

"keeping their savings rate competitive" - they aren't. Read More

| Jul 24, 2020

Went to renew a cd at branch in Jacksonville Fl , on main street, they said I would have to keep driving around building , if any cars came in behind me. They have 2 drive throughs and wouldn't open other... Read More

Early Withdrawal Penalty is 365 days interest.

| Dec 03, 2019

Awful bank, offer you a high savings rate, then drop Ong the rate so rapidly. Read More

| Jan 15, 2021

Marcus really doesn't disappoint. Great customer service. I could be angry about the rate but look at this other brands. Read More

OneWest Bank, a division of CIT Bank
0.55% 0.78x $1,000 Learn More

| Sep 14, 2020

two thumbs up Read More

| Aug 03, 2020

There is a lot to like about this account. American Express is a real organization and you are not playing with a bunch of amateurs like with a lot of these banks. However, they will be sure to lower the ... Read More

Early Withdrawal Penalty is 180 days interest.

| Dec 13, 2016

This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.

| Jul 21, 2020

Opened account a month ago. I've already seen the rate fall a couple of times, but have no other complaints. Easy process and a clear easy to use site (unlike Ally where I was before). Read More

| Dec 26, 2018

I think it is 1% on 1-year CDs and 2% on anything between 1 and 4 years. Not great, but not the worst I have seen. Read More

Ohio Catholic
Restrictions
0.50% 0.71x $100,000 Learn More
Ohio Catholic
Restrictions
0.45% 0.64x $25,000 Learn More

| Dec 11, 2020

All the good reviews on this site are planted by the bank. This is the worst. It used to be good and the transfer speed is good. Still they lower their rates below anyone else and do it without the notice ...

| Jan 05, 2021

AVOID! Sneakers play games and take your money in fees and you'll end up earning much much less than Marcus or Ally. Read More

| Dec 05, 2020

I know rates are variable, at their discretion*, but in the time frame of 9 months their rates have dropped to 1/3 of what they were ! is that what some call a teaser rate in the beginning ??? Read More

Warning: Early Withdrawal Penalty is the greater of all credited interest or 90 days interest.

| Dec 05, 2019

No

| Feb 28, 2020

Purepoint is great. Only Citizens Access is better and I've had all of these. I have nothing to gain by saying this, but I would opt for Purepoint when the rates are comparable. Read More

$1,000 minimum amount to open an account No setup or maintenance fees Additional deposits are permitted during the term of the CD. •Interest is earned daily, credited and compounded monthly. •Interest begins to accrue on the business day you deposit cash and non-cash items. •The interest rate will be paid until the maturity date of your certificate. •The account will automatically renew at maturity. You will have 10 calendar days (grace period) after the maturity date to withdraw your funds without being charged a penalty. •No withdrawals from this account may be made without penalty until the maturity date. •A penalty may be imposed for withdrawals before maturity: --For CD’s with terms of less than twelve months, we may impose a penalty equal to three months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty. --For CD’s with terms equal to or greater than twelve months, we may impose a penalty equal to six months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.

| Jan 04, 2021

I am very upset. This was advertised on this site or some other site. It was impossible to get the account opened. When I reached people on the phone, they were nasty. Now the rate is lower and I cannot ge... Read More

| Aug 25, 2020

I cannot say that I am too happy about the rate, but the service on this one is excellent. Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

PRODUCT INFORMATION

Four Year CDs - Online Banks 2021

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.

Safety

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.

Interest

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.

ADVANTAGES AND DISADVANTAGES

Advantages

  • 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.

Disadvantages

  • 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; 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.