Michigan

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Pontiac, Michigan CD Rates – 4-Year 2020

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

Pontiac, MI - July 7, 2020

4 Year CD National Average : 0.75% ?

Advertiser Disclosure
Banks APY MIN MILES ?
Sponsored Advertiser Disclosure
1.46% $500 5394.46 Learn More
1.31% $1,000 5284.86 Learn More
1.30% $1,000 5364.09 Learn More
1.30% $500 5721.14 Learn More
1.21% $500 5372.72 Learn More
1.20% $500 5595.36 Learn More
1.15% $1,500 5290.93 Learn More
1.15% $1,000 5357.02 Learn More
1.11% $500 5501.51 Learn More
1.10% $100 5505.13 Learn More
1.10% $1,000 5421.63 Learn More
1.10% $1,000 5632.38 Learn More
1.10% $500 5594.11 Learn More
1.00% $500 5406.40 Learn More
1.00% $10,000 5391.66 Learn More
1.00% $1,000 5336.91 Learn More
1.00% $10,000 5344.56 Learn More
1.00% $100,000 5713.65 Learn More
1.00% $500 5356.07 Learn More
1.00% $100,000 5593.58 Learn More
0.95% $1,000 5426.00 Learn More
0.95% $1,000 5714.04 Learn More
0.90% $500 5595.65 Learn More
0.90% $1,000 5439.04 Learn More
0.90% $10,000 5409.85 Learn More
0.90% $10,000 5468.44 Learn More
0.90% $500 5713.65 Learn More
0.90% $2,500 5593.58 Learn More
0.90% $500 5497.08 Learn More
0.85% $1,000 5301.77 Learn More
0.85% $1 5288.36 Learn More
0.85% $250 5604.36 Learn More
0.85% $1,000 5638.90 Learn More
0.80% $1,000 5379.93 Learn More
0.80% $2,500 5501.51 Learn More
0.80% $500 5601.61 Learn More
0.76% $500 5312.26 Learn More
0.75% $500 5428.27 Learn More
0.75% $1,000 5481.36 Learn More
0.75% $500 5497.81 Learn More
0.75% $50,000 5476.67 Learn More
0.75% $500 5429.06 Learn More
0.75% $500 5396.29 Learn More
0.75% $500 5385.17 Learn More
0.75% $500 5304.43 Learn More
0.75% $1,000 5429.27 Learn More
0.70% $500 5513.65 Learn More
0.70% $10,000 5348.90 Learn More
0.70% $1,000 5592.73 Learn More
0.65% $50,000 5358.06 Learn More
0.65% $10,000 5476.67 Learn More
0.65% $99,000 5460.11 Learn More
0.65% $500 5302.77 Learn More
0.65% $1,000 5310.62 Learn More
0.60% $500 5434.04 Learn More
0.60% $1,000 5460.11 Learn More
0.60% $500 5409.92 Learn More
0.60% $100,000 5301.95 Learn More
0.60% $1,000 5464.38 Learn More
0.60% $500 5316.16 Learn More
0.60% $500 5419.95 Learn More
0.60% $500 5312.09 Learn More
0.55% $1,000 5313.79 Learn More
0.55% $500 5358.06 Learn More
0.55% $2,500 5592.70 Learn More
0.55% $500 5420.24 Learn More
0.50% $500 5366.65 Learn More
0.50% $100,000 5395.95 Learn More
0.50% $1,000 5425.03 Learn More
0.50% $500 5313.22 Learn More
0.48% $500 5305.87 Learn More
0.45% $500 5369.54 Learn More
0.45% $500 5356.75 Learn More
0.45% $1,000 5301.95 Learn More
0.44% $500 5747.67 Learn More
0.40% $500 5326.95 Learn More
0.40% $500 5356.02 Learn More
0.40% $2,500 5395.95 Learn More
0.40% $75,000 5285.94 Learn More
0.40% $500 5735.81 Learn More
0.35% $500 5340.39 Learn More
0.35% $1,000 5334.32 Learn More
0.35% $10,000 5312.20 Learn More
0.35% $500 5331.69 Learn More
0.30% $500 5370.50 Learn More
0.30% $100,000 5456.22 Learn More
0.30% $10,000 5285.94 Learn More
0.30% $500 5342.04 Learn More
0.30% $100 5313.61 Learn More
0.30% $500 5352.59 Learn More
0.25% $1,000 5329.23 Learn More
0.20% $10,000 5321.82 Learn More
0.20% $10,000 5456.22 Learn More
0.20% $10,000 5339.58 Learn More
0.15% $25,000 5408.28 Learn More
0.10% $10,000 5424.18 Learn More
0.10% $1,000 5408.28 Learn More
0.10% $1,000 5284.44 Learn More
0.05% $10,000 5311.04 Learn More
0.01% $10,000 5313.91 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.

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 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.

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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