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
ConnectOne Bank 2.94% $500
KS StateBank 2.90% $500
Dime Community Bank 2.75% $500
MainStreet Bank 2.75% $500
Service Credit Union 2.75% $1,000

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 more than twice the national average of 1.05 percent APY, according to Bankrate’s most recent national survey of banks and thrifts

Today’s top nationally available 4-year CDs pay 2.94 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

  • 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.
  • 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.
  • Dime Community Bank, formerly known as Dime Savings Bank of Williamsburgh, has served customers for more than 150 years. The bank, which is based in Brooklyn, NY, earned four out of five stars in the latest review of its financial health.
  • MainStreet Bank is a community bank headquartered in Fairfax, Virginia. It was founded in 2004 and earned four out of five stars in Bankrate’s latest review of its financial health.
  • The Federal Savings Bank is a federally chartered bank owned by veterans. It’s based in Chicago and earned five out of five stars in the latest review of its financial health.
  • Service Credit Union is headquartered in Portsmouth, New Hampshire. Membership is open to active and former members of the U.S. military, current and former Department of Defense employees and their family members.

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.