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

Finding the best 4-year CD rates

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

Top nationally available 48-month CD rates
Institution APY Minimum deposit
Northern Bank Direct 2.56% $500
ConnectOne Bank 2.53% $500
Popular Direct 2.50% $10,000
First Internet Bank of Indiana 2.48% $1,000
KS StateBank 2.46% $500

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 nearly three times the national average of 0.91 percent APY, according to Bankrate’s most recent national survey of banks and thrifts

Today’s top nationally available 4-year CDs pay 2.56 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.

Top account details

  • Northern Bank Direct is an online division of Northern Bank, which has supported business owners since 1960. The bank is based in Woburn, Massachusetts and earned four out of five stars in Bankrate’s review of its financial health.
  • ConnectOne Bank is headquartered in Englewood Cliffs, New Jersey. Its CDs are available to consumers across the country. In Bankrate’s review of ConnectOne’s financial health, it earned four out of five stars.
  • Popular Direct is a subsidiary of Popular Inc., a financial services firm serving the United States, Puerto Rico and the Caribbean that was founded in 1893. Popular Direct accounts are opened through Banco Popular North America, which earned four out of five stars in Bankrate’s latest review of its financial health.
  • First Internet Bank of Indiana, based in Fishers, Indiana, was founded in 1999 and serves customers across the country. It earned four out of five stars in Bankrate’s latest review of its financial health.
  • KS StateBank is headquartered in Manhattan, Kansas. The bank, which was founded in 1969, was known as the Kansas State Bank of Manhattan until 2015. In Bankrate’s latest review of its financial health, the bank earned five out of five stars.

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.