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 4-year CD rates
Institution APY Minimum deposit
KS StateBank 3.29% $500
Communitywide Federal Credit Union 3.20% $2,000
Main Street Bank 3.15% $500
Citizens Access 3.05% $5,000
Popular Direct 3.05% $10,000

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 1.15 percent APY, according to Bankrate’s most recent national survey of banks and thrifts.

Today’s top nationally available 4-year CDs pay 3.29 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

  • 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.
  • Communitywide Federal Credit Union is based in South Bend, Indiana. It was established in 1967 and earned five out of five stars in the latest review of its financial health.
  • Main Street Bank was founded in 2005 and is based in Bingham Farms, Michigan. It earned four out of five stars in the latest review of its financial health.
  • Citizens Access is a new online division of Citizens Bank. It’s headquartered in Providence, Rhode Island and offers competitive CD rates and a savings account. Citizens Bank earned four out of five stars in the latest review of its financial health.
  • Popular Direct is a subsidiary of Popular Inc., a financial services firm serving the United States, Puerto Rico and the Caribbean. Popular Direct accounts are opened through Popular Bank, a federally insured institution that earned three out of five stars in Bankrate’s latest review of its financial health.

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.