Illinois

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Springfield, Illinois CD Rates – 4-Year

You are viewing rates from banks across Springfield





Below are four-year CD Rates from banks in Illinois . 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.

Springfield, IL - August 2, 2025

4 Year CD National Average : 0.82% ?

Banks APY MIN MILES ?

Early Withdrawal Penalty is 365 days interest.
Rate History: 4.15% → 4.05% → 4.00% → 3.90% → 4.15%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Warning: Early Withdrawal Penalty is 2% of the account balance.
Rate History: 4.20% → 4.10% → 4.00% → 3.85% → 4.05%

| Jul 3, 2023

A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

| Nov 18, 2023

bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest. Read More

Rate History: 2.00% → 2.50% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

1.41%

$10,000

13.58

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Rate History: 1.00% → 1.30% → 1.40% → 1.30%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

1.20%

$100,000

19.37

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1.10%

$10,000

19.37

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1.10%

$1,000

3.69

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1.06%

$10,000

10.22

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1.05%

$10,000

13.58

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0.95%

$10,000

20.07

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0.90%

$10,000

10.22

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0.80%

$10,000

19.79

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0.75%

$10,000

17.94

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0.75%

$10,000

20.05

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0.70%

$10,000

22.54

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| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

0.45%

$10,000

4.21

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0.45%

$10,000

3.27

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0.45%

$1,000

21.68

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| 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

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

Rate History: 0.03% → 0.05%

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... 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.

Branches Info around Springfield, IL - August 2, 2025


Branch Street City State
JPMorgan Chase Bank, National Association
Springfield West Branch
2801 Greenbriar Springfield IL
United Community Bank
Loami Facility Branch
102 Church Street Loami IL
Woodforest National Bank
Springfield Branch
1100 Lejune Drive Springfield IL
Midland Community Bank
Midland Community Bank Branch
112 Market Street Kincaid IL
Midland Community Bank
Midland Community Bank Branch
112 Market Street Kincaid IL
Williamsville State Bank & Trust
Old Jacksonville Road Branch
3341 Old Jacksonville Road Springfield IL
Bank of Springfield
Chatham Il Branch
1140 Commercial Court, Suite A Chatham IL
United Community Bank
Loami Facility Branch
102 Church Street Loami IL
Middletown State Bank
Greenview Branch
165 East Adams Greenview IL
Bank & Trust Company
Chatham Branch
10 Plummer Boulevard Chatham IL
West Central Bank
West Central Bank Branch
400 E Buchanan Ashland IL
Petefish, Skiles & Co.
Petersburg Branch
121 North 6th Street Petersburg IL
Alliance Community Bank
New Salem Highway 97 Branch
14202 State Highway 97 Petersburg IL
Prairie State Bank and Trust
Virden Drive Up Facility Branch
603 N. Springfield Street Virden IL
Hickory Point Bank and Trust
Wabash Avenue Branch
3131 West Wabash Avenue Springfield IL
Carrollton Bank
Springfield Branch
2135 West Wabash Avenue Springfield IL
Peoples Bank & Trust
197 West State Street Branch
197 West State Waverly IL
U.S. Bank National Association
Southwest Branch
2501 South Veterans Parkway Springfield IL
Regions Bank
South Durkin Branch
111 South Durkin Drive Springfield IL
PNC Bank, National Association
Clocktower Branch
1101 Centre West Springfield IL
Regions Bank
South Durkin Branch
111 South Durkin Drive Springfield IL


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Four Year CDs - Branch Banks 2025

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 OF FOUR YEAR CDs

Advantages of four year CDs

  • 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.
  • Branch-opened CDs can be done quickly in one day.

Disadvantages of four year CDs

  • 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.
  • Branch CDs require the saver to visit a branch and be subjected to cross-sell pitches and other marketing tactics.

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.

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