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Best 4-Year CD Rates of June 2024

Review Updated
Matt Frankel, CFP®
Steven Porrello

Our Banking Experts

Ashley Maready
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Four-year CDs are still looking competitive in 2024, with rates hovering above 4%. Though you can find higher rates on short-term CDs (those that mature in 12 months or less), 4-year CDs let you lock in those rates for a longer period.

The best 4-year CDs have low minimum opening deposits, competitive rates, and no monthly fees. With that in mind, here's a look at the best 4-year CD rates.

  • We pride ourselves on being able to confidently say that these CDs are chosen by personal finance experts that operate independently of our Partnerships team, meaning the picks on this page are not and never have been influenced by advertising deals.

    Our Ratings team:

Our picks for the best 4-year CDs

Discover® Bank CD
Bottom Line

Discover has a higher minimum balance requirement than some of its competitors, but its rates are competitive and you don't have to worry about getting hit with any fees unless you withdraw funds via wire transfer or choose to withdraw from your CD before it reaches its maturity date. It also offers some unique term lengths, including CDs as short as three months and as long as 10 years.

Minimum Deposit $2,500

3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 7 Yr. APY 10 Yr. APY
2.00% 4.25% 4.25% 4.70% 4.40% 4.00% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
APY = Annual Percentage Yield
Barclays Online CD
Bottom Line

Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. Those interested in building longer-term CD ladders will find plenty to like here.

Minimum Deposit $0

6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.85% 5.00% 4.50% 4.00% 3.50% 3.50% 3.75%
APY = Annual Percentage Yield
Tab Bank CD
Bottom Line

Tab Bank CDs are available for an opening deposit of at least $1,000, but the APYs are competitive and terms offered are straightforward. You could easily build a CD ladder at Tab Bank.

Minimum Deposit $1,000

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
5.27 5.27% 5.27% 5.00% 4.80% 4.25% 4.05% 4.00%
APY = Annual Percentage Yield
Capital One 360 CD
Bottom Line

Backed by Capital One's well-known brand, the Capital One 360 CDs offer competitive rates across many common terms, though they're stronger in durations of a year or longer. There's no minimum deposit, so savers can benefit even if they don't have a large sum to deposit. Check Capital One's website for the most up-to-date rates.

Minimum Deposit $0

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.25% 4.25% 5.00% 4.45% 4.00% 4.00% 3.95% 3.90%
APY = Annual Percentage Yield
EverBank Performance℠ CD
Bottom Line

EverBank offers the typically available CD term lengths, and APYs on shorter ones are decent. But unless you've got at least $1,000 to open one, EverBank Performance℠ CDs won't be a fit.

Minimum Deposit $1,000

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.00% 5.05% 4.80% 4.30% 4.30% 4.00% 4.10% 3.90% 3.90%
APY = Annual Percentage Yield
Bread Savings CD
Bottom Line

Comenity Direct CDs (the bank behind Bread Savings) are available in many of the most popular terms, making it a flexible high-yield CD to consider for differing needs. There's also no monthly maintenance fee. But its $1,500 minimum deposit is a little steeper than what some of its competitors charge.

Minimum Deposit $1,500

1 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
5.25% 4.65% 4.25% 4.15% 4.15%
APY = Annual Percentage Yield
Marcus by Goldman Sachs High Yield CD
Bottom Line

Savers have the potential to create effective CD ladders through Marcus, as it provides competitive rates through the most common CD terms. The minimum deposit is $500 and withdrawal penalties are moderate compared with competitive banks.

Minimum Deposit $500

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 6 Yr. APY
5.10% 5.00% 5.00% 4.60% 4.20% 4.15% 4.05% 4.00% 3.90%
APY = Annual Percentage Yield
Synchrony Online CD
Bottom Line

Perhaps one of the lesser-known names on the list, Synchrony is a full-line bank with a 90-year history. Synchrony's CDs are notable for competitive rates at most term lengths, plus low or no minimum deposits.

Minimum Deposit $0

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.80% 5.10% 4.80% 4.50% 4.20% 4.15% 4.00% 4.00%
APY = Annual Percentage Yield
Alliant CD
Bottom Line

Alliant offers CD rates across common terms that stack up well with other banks on this list. The credit union's rates hold up better than most though over the longer terms, so for savers interested in locking in rates for multiple years, Alliant could be a good home for your money. Note that the minimum of $1,000 is on the higher end for this list.

Minimum Deposit $1,000

6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.75% 5.15% 4.90% 4.30% 4.20% 4.05% 4.00%
APY = Annual Percentage Yield

How to compare the best 4-year CD rates

All other factors being equal, a higher APY is better. But it's only one thing to consider when choosing a CD. Here are some other factors besides APY to consider when comparing 4-year CDs.

Ratings Methodology
Rates as of June 7, 2024
Best 4-Year CD Rates of June 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
Member FDIC.
APY: 4.15% Term: 4 Year Min. Deposit:  $1,500
APY: 4.05% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 4.05% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.05% Term: 4 Year Min. Deposit:  $1,000
APY: 4.00% Term: 4 Year Min. Deposit:  $0
APY: 3.95% Term: 4 Year Min. Deposit:  $0
APY: 3.90% Term: 4 Year Min. Deposit:  $1,000
APY: 3.75% Term: 4 Year Min. Deposit:  $2,500
APY: 3.50% Term: 4 Year Min. Deposit:  $0
APY: 5.06% Term: 1 Months Min. Deposit:  $500
Member FDIC.
APY: 3.00% Term: 1 Months Min. Deposit:  $500 or $1,000, depending on CD term
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 1 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.00% Term: 2 Months Min. Deposit:  $500 or $1,000, depending on CD term
APY: 3.00% Term: 3 Months Min. Deposit:  $500
Member FDIC.
APY: 5.51% Term: 3 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.50% Term: 3 Months Min. Deposit:  $500 or $1,000, depending on CD term
APY: 5.00% Term: 3 Months Min. Deposit:  $500
APY: 2.00% Term: 3 Months Min. Deposit:  $2,500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Months Min. Deposit:  $500
APY: 4.80% Term: 3 Months Min. Deposit:  $10,000
APY: 3.00% Term: 3 Months Min. Deposit:  $0
APY: 5.26% Term: 3 Months Min. Deposit:  $1
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 3 Months Min. Deposit:  $1,000
APY: up to 2.51% Term: 3 Months Min. Deposit:  $2,500
APY: 4.90% Term: 5 Months Min. Deposit: 
First National Bank Special CD
Member FDIC.
APY: 5.25% Term: 5 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 5.50% Term: 5 Months Min. Deposit:  $2,500
All America Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit: 
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $500
APY: 5.10% Term: 6 Months Min. Deposit:  $500
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.18% Term: 6 Months Min. Deposit:  $1,000
Generations Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
Valley Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $500
Fidelity CD
Member FDIC.
APY: 5.25% Term: 6 Months Min. Deposit:  $1,000
APY: up to 2.51% Term: 6 Months Min. Deposit:  $2,500
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $10,000
APY: 5.25% Term: 6 Months Min. Deposit:  $10,000
APY: 4.25% Term: 6 Months Min. Deposit:  $0
APY: 4.80% Term: 6 Months Min. Deposit:  $0
Member FDIC.
APY: 5.05% Term: 6 Months Min. Deposit:  $500
APY: 4.25% Term: 6 Months Min. Deposit:  $2,500
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $2,500
APY: 5.10% Term: 6 Months Min. Deposit:  $2,500
APY: 4.40% Term: 6 Months Min. Deposit:  $0
Vanguard Brokered CD
Member FDIC.
APY: 5.25% Term: 6 Months Min. Deposit:  $1,000
APY: 5.10% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.35% Term: 6 Months Min. Deposit:  $1,000
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.21% Term: 6 Months Min. Deposit:  $1
Member FDIC.
APY: 3.00% Term: 6 Months Min. Deposit:  $1,000
APY: 4.00% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 5.00% Term: 6 Months Min. Deposit:  $250.00
Republic Bank of Chicago CD
Member FDIC.
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: Up to 5.05% Term: 6 Months Min. Deposit:  $1,000
First Tech CD
APY: up to 4.91% Term: 6 Months Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.47% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.80% Term: 6 Months Min. Deposit:  $500 or $1,000, depending on CD term
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.50% Term: 6 Months Min. Deposit:  $1,000
APY: 4.00% Term: 6 Months Min. Deposit:  $1
Member FDIC.
APY: 0.05% Term: 6 Months Min. Deposit:  $1,000
APY: 3.00% Term: 6 Months Min. Deposit:  $500
APY: 5.23% Term: 6 Months Min. Deposit:  $1
Member FDIC.
APY: 5.27 Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.30% Term: 6 Months Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 6 Months Min. Deposit:  $500
APY: 4.95% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.01% Term: 7 Months Min. Deposit:  $500
APY: 5.00% Term: 7 Months Min. Deposit: 
Huntington Bank Promotional CD
Member FDIC.
APY: 5.13% Term: 7 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 5.00% Term: 7 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: up to 4.75% Term: 7 Months Min. Deposit:  $2,500
APY: 4.75% Term: 7 Months Min. Deposit:  $500
APY: 4.25% Term: 9 Months Min. Deposit:  $2,500
APY: 4.25% Term: 9 Months Min. Deposit:  $0
Member FDIC.
APY: 3.75% Term: 9 Months Min. Deposit:  $500
Member FDIC.
APY: 5.30% Term: 9 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.27% Term: 9 Months Min. Deposit:  $1,000
APY: 5.15% Term: 9 Months Min. Deposit:  $1
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 9 Months Min. Deposit:  $10,000
APY: 4.85% Term: 9 Months Min. Deposit:  $1
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.55% Term: 9 Months Min. Deposit:  $10,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 9 Months Min. Deposit:  $1,000
APY: 5.00% Term: 9 Months Min. Deposit:  $500
APY: 5.15% Term: 9 Months Min. Deposit:  $2,500
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.31% Term: 10 Months Min. Deposit:  $1
Member FDIC.
APY: 5.00% Term: 10 Months Min. Deposit:  $500
APY: 3.50% Term: 11 Months Min. Deposit:  $1,000
APY: 4.50% Term: 11 Months Min. Deposit:  $0
Huntington Bank Promotional CD
Member FDIC.
APY: 4.86% Term: 11 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.15% Term: 1 Year Min. Deposit:  $2,500
Connexus Credit Union Share CD
APY: Up to 4.81 Term: 1 Year Min. Deposit:  $5,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.60% Term: 1 Year Min. Deposit:  $1,000
APY: 1.50% Term: 1 Year Min. Deposit:  $500
All America Bank CD
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit: 
Salem Five Bank CD
Member FDIC.
APY: 5.55% Term: 1 Year Min. Deposit:  $10,000
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $500 or $1,000, depending on CD term
APY: 5.25% Term: 1 Year Min. Deposit:  $2,500
Member FDIC.
APY: 5.05% Term: 1 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.31% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 1 Year Min. Deposit:  $1,000
Flushing Bank CD
Member FDIC.
APY: 5.00% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 4.75% Term: 1 Year Min. Deposit:  $250.00
APY: 4.80% Term: 1 Year Min. Deposit:  $0
Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 0.75% Term: 1 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1 Year Min. Deposit:  $1,000
First Tech CD
APY: up to 4.55% Term: 1 Year Min. Deposit:  $500
APY: 5.00% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: Up to 4.80% Term: 1 Year Min. Deposit:  $1,000
APY: 5.00% Term: 1 Year Min. Deposit:  $0
Generations Bank CD
Member FDIC.
APY: 5.20% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.40% Term: 1 Year Min. Deposit:  $1,000
APY: 4.70% Term: 1 Year Min. Deposit:  $2,500
APY: 4.95% Term: 1 Year Min. Deposit:  $500
APY: 5.00% Term: 1 Year Min. Deposit:  $5,000
Fidelity CD
Member FDIC.
APY: 5.05% Term: 1 Year Min. Deposit:  $1,000
APY: 4.85% Term: 1 Year Min. Deposit:  $1
Member FDIC.
APY: 5.30% Term: 1 Year Min. Deposit:  $1,000
APY: 5.05% Term: 1 Year Min. Deposit:  $1
Member FDIC.
APY: 2.75% to 3.75% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 5.25% Term: 1 Year Min. Deposit:  $1,500
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit:  $500
APY: 4.50% Term: 1 Year Min. Deposit:  $0
Member FDIC.
APY: 5.27% Term: 1 Year Min. Deposit:  $1,000
APY: 4.80% Term: 1 Year Min. Deposit:  $1,000
APY: 5.00% Term: 1 Year Min. Deposit:  $0
Valley Bank CD
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
APY: 5.35% Term: 1 Year Min. Deposit:  $10,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1 Year Min. Deposit:  $500
APY: 4.35% Term: 1 Year Min. Deposit:  $0
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
APY: 5.15% Term: 13 Months Min. Deposit: 
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 5.00% Term: 13 Months Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 4.33% Term: 13 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 13 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 4.60% Term: 13 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.50% Term: 13 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 13 Months Min. Deposit:  $500 or $1,000, depending on CD term
Member FDIC.
APY: 4.00% Term: 15 Months Min. Deposit:  $500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.30% Term: 15 Months Min. Deposit:  $10,000
Flushing Bank CD
Member FDIC.
APY: 4.60% Term: 15 Months Min. Deposit:  $1,000
Federally insured by NCUA.
APY: 5.10% Term: 16 Months Min. Deposit:  $500
Member FDIC.
APY: 2.00% Term: 1.5 Year Min. Deposit:  $500
Fidelity CD
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $250.00
Republic Bank of Chicago CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.90% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.15% Term: 1.5 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
APY: 4.25% Term: 1.5 Year Min. Deposit:  $0
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $500
APY: 4.90% Term: 1.5 Year Min. Deposit:  $2,500
APY: 4.60% Term: 1.5 Year Min. Deposit:  $500
APY: 4.75% Term: 1.5 Year Min. Deposit:  $10,000
APY: 4.30% Term: 1.5 Year Min. Deposit:  $1,000
APY: 1.50% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.75% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.25% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $2,500
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.04% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.40% Term: 1.5 Year Min. Deposit:  $2,500
Member FDIC.
APY: 2.85% Term: 1.5 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.00% Term: 1.5 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 4.50% Term: 1.5 Year Min. Deposit:  $10,000
Member FDIC.
APY: 4.27% Term: 1.5 Year Min. Deposit:  $500 or $1,000, depending on CD term
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
APY: 4.45% Term: 1.5 Year Min. Deposit:  $0
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 19 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 1.50% Term: 2 Year Min. Deposit:  $500
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.82% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.80% Term: 2 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 3.25% Term: 2 Year Min. Deposit:  $10,000
APY: 4.00% Term: 2 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.65% Term: 2 Year Min. Deposit:  $1,500
APY: 4.00% Term: 2 Year Min. Deposit:  $0
APY: 4.50% Term: 2 Year Min. Deposit:  $500
Valley Bank CD
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $500
APY: 4.20% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.75% Term: 2 Year Min. Deposit:  $1,000
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
Member FDIC.
APY: Up to 4.30% Term: 2 Year Min. Deposit:  $1,000
APY: 4.30% Term: 2 Year Min. Deposit:  $1,000
APY: 4.20% Term: 2 Year Min. Deposit:  $0
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $250.00
Republic Bank of Chicago CD
Member FDIC.
APY: 1.25% Term: 2 Year Min. Deposit:  $1,000
First Tech CD
APY: up to 2.25% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 5.25% Term: 2 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 4.90% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 4.25% Term: 2 Year Min. Deposit: 
Generations Bank CD
Member FDIC.
APY: 4.24% Term: 2 Year Min. Deposit:  $1,000
Connexus Credit Union Share CD
APY: Up to 4.56% Term: 2 Year Min. Deposit:  $5,000
Member FDIC.
APY: 4.90% Term: 2 Year Min. Deposit:  $1,000
APY: 4.00% Term: 2 Year Min. Deposit:  $0
Member FDIC.
APY: 3.00% Term: 2 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $500
APY: 4.00% Term: 2 Year Min. Deposit:  $0
APY: 4.00% Term: 2 Year Min. Deposit:  $5,000
Member FDIC.
APY: 4.30% Term: 2 Year Min. Deposit:  $500 or $1,000, depending on CD term
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.45% Term: 2 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 2 Year Min. Deposit:  $500
APY: 4.80% Term: 2 Year Min. Deposit:  $10,000
Vanguard Brokered CD
Member FDIC.
APY: 5.35% Term: 2 Year Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 25 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 5.00% Term: 25 Months Min. Deposit:  $1,000
APY: 3.75% Term: 30 Months Min. Deposit:  $2,500
APY: 1.50% Term: 30 Months Min. Deposit:  $500
APY: 4.00% Term: 30 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.75% Term: 35 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 35 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 4.25% Term: 3 Year Min. Deposit:  $1,500
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 3 Year Min. Deposit:  $250.00
APY: 4.15% Term: 3 Year Min. Deposit:  $500
Member FDIC.
APY: 4.40% Term: 3 Year Min. Deposit:  $500
APY: 3.00% Term: 3 Year Min. Deposit:  $0
APY: 4.00% Term: 3 Year Min. Deposit:  $0
APY: 4.00% Term: 3 Year Min. Deposit:  $0
Member FDIC.
APY: 4.30% Term: 3 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.65% Term: 3 Year Min. Deposit:  $1,000
APY: 4.55% Term: 3 Year Min. Deposit:  $10,000
APY: 4.15% Term: 3 Year Min. Deposit:  $0
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $10,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.35% Term: 3 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Year Min. Deposit:  $500
APY: 3.75% Term: 3 Year Min. Deposit:  $2,500
APY: 4.10% Term: 3 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 3.75% Term: 3 Year Min. Deposit: 
APY: 3.35% Term: 3 Year Min. Deposit:  $5,000
APY: 4.25% Term: 3 Year Min. Deposit:  $500
APY: 4.00% Term: 3 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.25% Term: 3 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.66% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.00% Term: 3 Year Min. Deposit:  $1,000
APY: 1.50% Term: 3 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.35% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.85% Term: 3 Year Min. Deposit:  $500 or $1,000, depending on CD term
APY: 3.50% Term: 3 Year Min. Deposit:  $0
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.80% Term: 3 Year Min. Deposit:  $1,000
First Tech CD
APY: up to 2.45% Term: 3 Year Min. Deposit:  $500
Fidelity CD
Member FDIC.
APY: 4.80% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 1.75% Term: 37 Months Min. Deposit:  $1
Member FDIC.
APY: 4.75% Term: 45 Months Min. Deposit:  $1,000
APY: 4.45% Term: 4 Year Min. Deposit:  $10,000
All America Bank CD
Member FDIC.
APY: 3.49% Term: 4 Year Min. Deposit: 
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 2.50% Term: 4 Year Min. Deposit:  $500 or $1,000, depending on CD term
Member FDIC.
APY: 0.15% Term: 4 Year Min. Deposit:  $1,000
APY: 3.40% Term: 4 Year Min. Deposit:  $5,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 4 Year Min. Deposit:  $1,000
APY: 4.00% Term: 4 Year Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 4 Year Min. Deposit:  $1,000
APY: 1.61% Term: 4 Year Min. Deposit:  $1
APY: 3.00% Term: 4 Year Min. Deposit:  $0
Member FDIC.
APY: 2.00% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 4.75% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.55% Term: 4 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 4.55% Term: 4 Year Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.20% Term: 4 Year Min. Deposit:  $1,000
Vanguard Brokered CD
Member FDIC.
APY: 5.25% Term: 4 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 4 Year Min. Deposit:  $10,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.50% Term: 4 Year Min. Deposit:  $1,000
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.60% Term: 49 Months Min. Deposit:  $10,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 52 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 4.75% Term: 59 Months Min. Deposit:  $1,000
APY: 3.75% Term: 5 Year Min. Deposit:  $0
First Tech CD
APY: up to 3.55% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: 3.00% Term: 5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 4.50% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 5 Year Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
Member FDIC.
APY: 0.05% Term: 5 Year Min. Deposit:  $250.00
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.50% Term: 5 Year Min. Deposit:  $1,000
APY: 3.90% Term: 5 Year Min. Deposit:  $0
APY: 3.75% Term: 5 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
APY: 1.50% Term: 5 Year Min. Deposit:  $500
APY: 3.45% Term: 5 Year Min. Deposit:  $5,000
APY: 4.00% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: 4.15% Term: 5 Year Min. Deposit:  $1,500
APY: 4.25% Term: 5 Year Min. Deposit:  $10,000
All America Bank CD
Member FDIC.
APY: 3.49% Term: 5 Year Min. Deposit: 
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.10% Term: 5 Year Min. Deposit:  $1,000
APY: 3.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 3.25% Term: 5 Year Min. Deposit:  $500 or $1,000, depending on CD term
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 5 Year Min. Deposit:  $10,000
First National Bank Standard CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.35% Term: 5 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.55% Term: 5 Year Min. Deposit:  $1,000
APY: 3.90% Term: 5 Year Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 0.25% Term: 5 Year Min. Deposit:  $1,000
APY: 3.90% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.65% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.30% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: up to 2.00% Term: 61 Months Min. Deposit:  $1
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 61 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 3.90% Term: 6 Year Min. Deposit:  $500
APY: 1.50% Term: 6 Year Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Year Min. Deposit:  $1,000
APY: 3.75% Term: 7 Year Min. Deposit:  $2,500
APY: 3.75% Term: 10 Year Min. Deposit:  $2,500

What is a 4-year CD?

A 4-year CD is an account that pays a fixed interest rate on a deposit held for 48 months. Once the term is over, you can renew your 4-year CD, choose another CD, or withdraw your original investment plus the interest earned. While 4-year CDs have traditionally offered higher rates than shorter CD terms, today's high-interest-rate environment typically favors CDs that mature within 12 months.

Who is a 4-year CD right for?

A 4-year CD is an excellent investment for someone who can afford to set aside money for four years without touching it. Longer CD terms tend to earn higher rates.

Will 4-year rates increase in 2024?

It's unlikely 4-year CD rates will increase in 2024. CD rates are tied to the Federal Reserve's federal funds rate, which is expected to be cut later in 2024. Even if the federal funds rate doesn't drop drastically, CD providers might still cut rates in the expectation that the rate will be lower in the future.

Pros and cons of 4-year CDs

A 4-year CD can be a great investment, but it also has its drawbacks. Here are some pros and cons to opening 4-year CDs.

Pros

  • Higher rates: Four-year CDs offer better rates than you find with most savings and money market accounts.
  • No risk of interest rates falling: CDs have fixed rates. This potentially means you can lock in a high interest rate for four whole years. Even if interest rates fall during your 4-year CD term, your rate will remain the same.
  • Predictable returns: The fixed interest rate also means you can easily calculate precisely how much interest you'll earn over a four-year term.

Cons

  • Interest rates may rise: Over the course of four years, it's possible interest rates could rise. If you've tied your money into a 4-year CD, you won't be able to take advantage of increases in market rates until the CD reaches maturity.
  • Penalties: The reason you can earn a higher rate on 4-year CDs is that you can't withdraw funds until the CD matures. You'll pay costly early withdrawal penalties if you need to access your cash during the four-year period.
  • Inflation risk: If you tie your cash to the same APY for four years, there's a risk your savings will not keep up with inflation. One way to protect yourself from these risks is to build a CD ladder. This strategy gives you increased flexibility while still allowing you to take advantage of the higher APYs of 4-year CDs.

Alternatives to a 4-year CD

Four-year CDs offer a guaranteed interest rate, but they are not right for everybody. Here are some other options to consider.

High-yield savings account

These savings accounts have comparable rates to CDs. However, they don't tie up your money for fixed periods of time. Customers have access to their money when they need it, plus these accounts tend to have higher interest rates.

Money market account

Money market accounts (MMAs) are another bank account type to check out. They combine the interest earning of a high-yield savings account and with certain checking account features. Many MMAs come with ATM access and check-writing privileges.

Investments

You may end up earning more over time by investing your money in the stock market rather than by opening a 4-year CD. However, you may need to wait longer than four years to see those returns. Whether you go through an online stock broker or put money into a retirement fund, diversified portfolios have historically earned higher returns in the long run. Be aware that this route carries more risk. Money you invest will not be FDIC insured, and the value of stocks can both increase and decrease.

To recap, the highest 4-year CD rates

Offer APY Min. Deposit
3.75% - 4 Yr. $2,500
3.50% - 4 Yr. $0
4.05% - 4 Yr. $1,000
3.95% - 4 Yr. $0
3.90% - 4 Yr. $1,000
4.15% - 4 Yr. $1,500
4.05% - 4 Yr. $500
4.00% - 4 Yr. $0
4.05% - 4 Yr. $1,000
APY = Annual Percentage Yield

Other CD term lengths to consider

Our CDs methodology

At The Motley Fool Ascent, our certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

The Ascent tracks just standard CDs, not IRA, bump up, callable, and other less popular CD accounts. CD rates displayed on this Best 4-Year CD Rates pages are comprised of both the highest CD rates in The Ascent’s universe of tracked rates and featured placements from advertisers. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list.

Learn more about how The Motley Fool Ascent rates bank accounts.

Banks we monitor

  • Alliant, Ally, All America Bank, American First Credit Union, American Express® National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Bank, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi, Synchrony Bank, Tab Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.

FAQs

  • Four-year CDs typically offer a significantly higher APY than CDs with shorter terms. If you have money to leave untouched long term, you'll most likely earn more over time with a 4-year CD.

  • A 4-year CD is worth it if you have money that you don't need access to for a while. If not, you can opt for a CD with a shorter term or build a CD ladder to reduce some risks.

  • A 4-year CD begins when you open an account and make a deposit. During the next 48 months, your CD will grow by compound interest, assuming you don't withdraw any funds. At the end of your term, you can liquidate your CD account, renew the 4-year term, or transfer your money into a CD with different terms.