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
ableBanking 3.40% $1,000
KS StateBank 3.35% $500
Georgia Banking Company 3.35% $500
Popular Direct 3.35% $10,000
Mountain America Credit Union 3.25% $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 1.24 percent APY, according to Bankrate’s most recent national survey of banks and thrifts.

Today’s top nationally available 4-year CDs pay 3.40 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

  • ableBanking is a division of Northeast Bank. Founded in 2012, the online bank is headquartered in Lewiston, Maine. Its parent company earned five out of five stars in the latest review of its financial health. Whenever a customer opens an account for the first time, ableBanking makes a $25 donation to their favorite 501(c)(3) charity.
  • 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.
  • Georgia Banking Company is based in Atlanta. In addition to banking products, it offers loans, wealth management services and insurance products and services. In Bankrate’s latest review of its financial health, it earned three 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. 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.
  • Membership in Mountain America Credit Union is open to anyone who joins an association such as the American Consumer Council. The credit union, based in West Jordan, Utah was founded in the 1930s as the Salt Lake Telephone Employees Credit Union. It earned five 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.