The top 4-year CDs have something in common. They offer:

Finding the best 4-year CD rates will require some research. Comparing deals offered by online financial institutions is a good place to start.

The best 4-year CDs pay more than 2.5 times the national average of 0.85 percent APY, according to Bankrate’s most recent national survey of banks and thrifts.

Today’s top nationally available 4-year CDs pay 2.25 percent APY. This may be a good place to invest for long-term financial obligations, like starting a business.

As you compare rates, pay attention to details. An account that doesn’t require you to fork over too much money upfront is ideal. Consider finding offers that don’t force you to jump through extra hoops—such as opening a new checking account—before you can purchase a CD.

Finding the best 4-year CD rates

Here are the top nationally available 4-year CD rates. Evaluate these offers, then calculate how much interest you would earn when your CD matures.

Best 4-year CD rates
Institution APY Minimum deposit
Latino Community Credit Union 2.25% $500
M.Y. Safra Bank 2.25% $5,000
Capital One 360 Bank 2.20% $0
EverBank 2.20% $5,000
Home Savings Bank 2.20% $5,000

Top account details

  • Latino Community Credit Union has been committed to educating and empowering members since it launched in 2000. Today it offers services to anyone interested in joining the Latino Community Development Center. The credit union, which is based in Durham, North Carolina, earned four out of five stars on Bankrate’s latest Safe & Sound Ratings, which measures the financial health of banks and credit unions.
  • M.Y. Safra Bank is headquartered in New York City. Initially established as T. Rowe Price Savings Bank, it changed its name in 2013 and moved from Baltimore, Maryland. The bank earned four out of five stars from Safe & Sound.
  • Capital One 360 is an online division of one of the largest banks in America. In addition to CDs, the bank offers checking and savings accounts with relatively competitive rates. Headquartered in Mclean, Virginia, Capital One earned four out of five stars from Safe & Sound.
  • EverBank, a division of TIAA, offers banking and investment products and other financial services. The bank is based in Jacksonville, Florida and earned three out of five stars from Safe & Sound.
  • Headquartered in Youngstown, Ohio, Home Savings Bank operates as a subsidiary of United Community Financial Corp. Founded in 1889, the bank has strong ties to its local community. Home Savings earned four out of five stars from Safe & Sound.

Factor in flexibility

With the Federal Reserve gradually raising its benchmark interest rate, investing in a long-term CD may not seem like the best idea. You risk losing out on better deals as banks and credit unions slowly increase their rates.

A typical CD comes with an early withdrawal penalty of six months’ interest. Looking for a deal that isn’t too expensive to exit may be worth it, especially if you may ditch your 4-year CD before it matures. Another option is to look for institutions giving savers a one-time rate increase over the course of their terms.

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