Why should I get a 4-year CD?

Four-year CDs typically offer a significantly higher APY than CDs with shorter terms. If you have money to leave untouched long term, you'll most likely earn more over time with a 4-year CD.

Is a 4-year CD worth it?

A 4-year CD is worth it if you have money that you don't need access to for a while. If not, you can opt for a CD with a shorter term or build a CD ladder to reduce some risks.

How does a 4-year CD work?

A 4-year CD begins when you open an account and make a deposit. During the next 48 months, your CD will grow by compound interest, assuming you don't withdraw any funds. At the end of your term, you can liquidate your CD account, renew the 4-year term, or transfer your money into a CD with different terms.

Best 4-Year CD Rates of December 2024

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Four-year CDs are still looking competitive in 2024, with rates hovering above 4%. Though you can find higher rates on short-term CDs (those that mature in 12 months or less), 4-year CDs let you lock in those rates for a longer period.

The best 4-year CDs have low minimum opening deposits, competitive rates, and no monthly fees. With that in mind, here's a look at the best 4-year CD rates.

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Our picks for the best 4-year CDs

Synchrony Online CD 4 Year: 4.00% APY
Marcus by Goldman Sachs High Yield CD 4 Year: 3.60% APY
Alliant CD 4 Year: 3.65% APY
Capital One 360 CD 4 Year: 3.50% APY
EverBank Performance℠ CD 4 Year: 3.50% APY
Bread Savings CD 4 Year: 3.50% APY
Discover® Bank CD 4 Year: 3.40% APY
Tab Bank CD 4 Year: 3.40% APY
Barclays Online CD 4 Year: 3.00% APY

How to compare the best 4-year CD rates

All other factors being equal, a higher APY is better. But it's only one thing to consider when choosing a CD. Here are some other factors besides APY to consider when comparing 4-year CDs.

Minimum deposit: Some, but not all, CDs have a deposit requirement you need to hit to open an account.
Withdrawal penalties: Most CDs charge penalties if you withdraw money from your account before it reaches maturity. Penalties are usually a few months' worth of interest, but can vary from bank to bank.
Compounding interest: CD interest usually compounds daily, weekly, or monthly. You can earn slightly more money with a CD that compounds daily.
Interest payouts: Some banks let customers receive periodic payouts from their CDs, but not all do. If you don't get a payout, the earnings will likely be added to your balance for compound growth.
FDIC insurance and monthly fees: Check that the bank you choose is FDIC insured. This insurance will cover up to $250,000 per depositor.

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Compare the top 4-year CDs

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Ratings Methodology

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Rates as of Dec. 18, 2024

Best 4-Year CD Rates of December 2024
Bank & CD Offer	APY	Term	Min. Deposit	Next Steps
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 4 Year	Min. Deposit: $0	Read Review
Alliant CD Member FDIC.	APY: 3.65%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 4 Year	Min. Deposit: $500	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $0	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $1,500	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 4 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Huntington Bank Standard CD Member FDIC.	APY: 0.05%	Term: 1 Months	Min. Deposit: $1,000
Freedom Bank High-Yield CDs from Raisin	APY: 4.30%	Term: 1 Months	Min. Deposit: $1	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 2.01%	Term: 3 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Freedom Bank High-Yield CDs from Raisin	APY: 4.30%	Term: 3 Months	Min. Deposit: $1	Read Review
Bask Bank CD Member FDIC.	APY: 4.65%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.05%	Term: 3 Months	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 2.00%	Term: 3 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Western Alliance Bank CD	APY: 4.50%	Term: 3 Months	Min. Deposit: $1	Open Account for On Secure Website.
Popular Direct CD Member FDIC.	APY: 4.65%	Term: 3 Months	Min. Deposit: $10,000	Read Review
Third Federal Standard CD Member FDIC.	APY: 2.00%	Term: 3 Months	Min. Deposit: $500	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.63%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 3 Months	Min. Deposit: $1,500	Read Review
Ally High Yield CD Member FDIC.	APY: 3.00%	Term: 3 Months	Min. Deposit: $0	Read Review
Flushing Bank CD Member FDIC.	APY: 4.50%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: up to 4.75%	Term: 3 Months	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.71%	Term: 3 Months	Min. Deposit: $10,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 3 Months	Min. Deposit: $500
Wells Fargo Standard CD Member FDIC.	APY: up to 4.51%	Term: 4 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
My Banking Direct CD Member FDIC.	APY: 5.50%	Term: 5 Months	Min. Deposit: $2,500	Read Review
Pacific Western Bank Member FDIC.	APY: 4.90%	Term: 5 Months	Min. Deposit: —	Read Review
First National Bank Special CD Member FDIC.	APY: 4.75%	Term: 5 Months	Min. Deposit: $5,000 or $10,000, depending on term
Vanguard Brokered CD Member FDIC.	APY: 5.25%	Term: 6 Months	Min. Deposit: $1,000
Arvest Bank CD Member FDIC.	APY: up to 4.30%	Term: 6 Months	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.35%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Generations Bank High-Yield CD from Raisin	APY: 5.21%	Term: 6 Months	Min. Deposit: $1	Read Review
Bread Savings CD Member FDIC.	APY: 4.75%	Term: 6 Months	Min. Deposit: $1,500	Read Review
Chase Standard CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
EverBank Performance℠ CD	APY: 4.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Citi CD Member FDIC.	APY: 3.50%	Term: 6 Months	Min. Deposit: $500	Read Review
Capital One 360 CD Member FDIC.	APY: 3.80%	Term: 6 Months	Min. Deposit: $0	Read Review
Freedom Bank High-Yield CDs from Raisin	APY: 4.20%	Term: 6 Months	Min. Deposit: $1	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 4.00%	Term: 6 Months	Min. Deposit: $250.00	Read Review
Valley Bank CD Member FDIC.	APY: 4.75%	Term: 6 Months	Min. Deposit: $500
Charles Schwab CD Member FDIC.	APY: up to 4.35%	Term: 6 Months	Min. Deposit: $1,000	Read Review
CIT Bank CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
Republic Bank of Chicago CD Member FDIC.	APY: 0.50%	Term: 6 Months	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 6 Months	Min. Deposit: $500
Discover® Bank CD Member FDIC.	APY: 3.70%	Term: 6 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 6 Months	Min. Deposit: $1,000
Ally High Yield CD Member FDIC.	APY: 4.40%	Term: 6 Months	Min. Deposit: $0	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.70%	Term: 6 Months	Min. Deposit: $500	Read Review
Edward Jones CD Member FDIC.	APY: 5.30%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.20%	Term: 6 Months	Min. Deposit: $0	Read Review
Ponce Bank High-Yield CD from Raisin	APY: 4.00%	Term: 6 Months	Min. Deposit: $1	Read Review
Quontic CD Member FDIC.	APY: 4.25%	Term: 6 Months	Min. Deposit: $500	Open Account for On Secure Website.
Fidelity CD Member FDIC.	APY: 5.25%	Term: 6 Months	Min. Deposit: $1,000	Read Review
BMO Bank Member FDIC.	APY: 0.05%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Third Federal Standard CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $500	Read Review
Santander Bank CD Member FDIC.	APY: 4.15%	Term: 6 Months	Min. Deposit: $500	Read Review
Sallie Mae CD	APY: 3.95%	Term: 6 Months	Min. Deposit: $2,500	Read Review
Generations Bank CD Member FDIC.	APY: 5.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 6 Months	Min. Deposit: $500	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 6 Months	Min. Deposit: $0	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.65%	Term: 6 Months	Min. Deposit: $500	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.80%	Term: 6 Months	Min. Deposit: $1,000
Popular Direct CD Member FDIC.	APY: 4.40%	Term: 6 Months	Min. Deposit: $10,000	Read Review
NexBank Standard CD Member FDIC.	APY: 4.24%	Term: 6 Months	Min. Deposit: $10,000	Read Review
LendingClub CD Member FDIC.	APY: 4.00%	Term: 6 Months	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
First Tech CD	APY: up to 4.91%	Term: 6 Months	Min. Deposit: $500	Read Review
Salem Five Bank CD Member FDIC.	APY: 4.50%	Term: 6 Months	Min. Deposit: $10,000	Read Review
Western Alliance Bank CD	APY: 4.40%	Term: 6 Months	Min. Deposit: $1	Open Account for On Secure Website.
Bask Bank CD Member FDIC.	APY: 4.45%	Term: 6 Months	Min. Deposit: $1,000	Read Review
All America Bank CD Member FDIC.	APY: 4.50%	Term: 6 Months	Min. Deposit: $500	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 2.01%	Term: 6 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Ponce Bank CDs Member FDIC.	APY: 5.25%	Term: 7 Months	Min. Deposit: $1,000
Old National Bank CD Member FDIC.	APY: 4.75%	Term: 7 Months	Min. Deposit: $500	Read Review
Pacific Western Bank Member FDIC.	APY: 5.00%	Term: 7 Months	Min. Deposit: —	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 4.34%	Term: 7 Months	Min. Deposit: $1,000	Read Review
Huntington Bank Promotional CD Member FDIC.	APY: 5.13%	Term: 7 Months	Min. Deposit: $1,000
Citi CD Member FDIC.	APY: 3.50%	Term: 7 Months	Min. Deposit: $500	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 4.26%	Term: 7 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
First National Bank Special CD Member FDIC.	APY: 4.50%	Term: 7 Months	Min. Deposit: $5,000 or $10,000, depending on term
TD Bank CD Member FDIC.	APY: 1.00% - 4.00%	Term: 9 Months	Min. Deposit: $250.00	Read Review
Chase Standard CD Member FDIC.	APY: up to 4.50%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 9 Months	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 3.80%	Term: 9 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Western Alliance Bank CD	APY: 4.35%	Term: 9 Months	Min. Deposit: $1	Open Account for On Secure Website.
Freedom Bank No Penalty CDs from Raisin	APY: 3.65%	Term: 9 Months	Min. Deposit: $1	Read Review
Forbright Bank CD Member FDIC.	APY: 5.30%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 4.00%	Term: 9 Months	Min. Deposit: $2,500	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 9 Months	Min. Deposit: $0	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 9 Months	Min. Deposit: $500	Read Review
Bask Bank CD Member FDIC.	APY: 4.30%	Term: 9 Months	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.99%	Term: 9 Months	Min. Deposit: $10,000
Flushing Bank CD Member FDIC.	APY: 3.75%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 9 Months	Min. Deposit: $1,500	Read Review
Citi CD Member FDIC.	APY: 2.50%	Term: 9 Months	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 4.30%	Term: 9 Months	Min. Deposit: $0	Read Review
Salem Five Bank CD Member FDIC.	APY: 4.25%	Term: 9 Months	Min. Deposit: $10,000	Read Review
LendingClub CD Member FDIC.	APY: 4.25%	Term: 10 Months	Min. Deposit: $2,500	Open Account for On Secure Website.
Generations Bank High-Yield CD from Raisin	APY: 5.31%	Term: 10 Months	Min. Deposit: $1	Read Review
CIT Bank No-Penalty CD Member FDIC.	APY: 3.50%	Term: 11 Months	Min. Deposit: $1,000	Open Account for CIT Bank No-Penalty CD On CIT's Secure Website.
Republic Bank of Chicago CD Member FDIC.	APY: 4.04%	Term: 11 Months	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.75%	Term: 11 Months	Min. Deposit: $0	Read Review
Huntington Bank Promotional CD Member FDIC.	APY: 4.86%	Term: 11 Months	Min. Deposit: $1,000
Bask Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Quontic CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $500	Open Account for On Secure Website.
First Tech CD	APY: up to 4.55%	Term: 1 Year	Min. Deposit: $500	Read Review
American Express National Bank CD Member FDIC.	APY: 3.60%	Term: 1 Year	Min. Deposit: $0	Read Review
Forbright Bank CD Member FDIC.	APY: 5.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 4.37%	Term: 1 Year	Min. Deposit: $10,000	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $0	Read Review
Connexus Credit Union Share CD	APY: 4.51%	Term: 1 Year	Min. Deposit: $5,000	Read Review
Western Alliance Bank CD	APY: 4.25%	Term: 1 Year	Min. Deposit: $1	Open Account for On Secure Website.
Popular Direct CD Member FDIC.	APY: 4.30%	Term: 1 Year	Min. Deposit: $10,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.40%	Term: 1 Year	Min. Deposit: $1,000
Tab Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Citizens CD Member FDIC.	APY: 5.00%	Term: 1 Year	Min. Deposit: $5,000	Read Review
Sallie Mae CD	APY: 4.10%	Term: 1 Year	Min. Deposit: $2,500	Read Review
Valley Bank CD Member FDIC.	APY: 4.50%	Term: 1 Year	Min. Deposit: $500
Third Federal Standard CD Member FDIC.	APY: 1.50%	Term: 1 Year	Min. Deposit: $500	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 3.75%	Term: 1 Year	Min. Deposit: $250.00	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.50%	Term: 1 Year	Min. Deposit: $1,000	Read Review
LendingClub CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Vio Bank High-Yield CD Member FDIC.	APY: 4.20%	Term: 1 Year	Min. Deposit: $500	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.42%	Term: 1 Year	Min. Deposit: $1,000	Read Review
BMO Bank Member FDIC.	APY: 2.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.40%	Term: 1 Year	Min. Deposit: $1,000
Freedom Bank High-Yield CDs from Raisin	APY: 4.00%	Term: 1 Year	Min. Deposit: $1	Read Review
Fidelity CD Member FDIC.	APY: 5.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 0.75%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.40%	Term: 1 Year	Min. Deposit: $0	Read Review
Edward Jones CD Member FDIC.	APY: 5.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $0	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 1 Year	Min. Deposit: $1,000
Prime Alliance Bank CD Member FDIC.	APY: 4.50%	Term: 1 Year	Min. Deposit: $500	Read Review
Chase Standard CD Member FDIC.	APY: 2.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 1 Year	Min. Deposit: $500
Flushing Bank CD Member FDIC.	APY: 3.85%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 1 Year	Min. Deposit: $500	Read Review
Capital One 360 CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $0	Read Review
Citi CD Member FDIC.	APY: 2.50%	Term: 1 Year	Min. Deposit: $500	Read Review
All America Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $500	Read Review
Freedom Bank No Penalty CDs from Raisin	APY: 3.75%	Term: 1 Year	Min. Deposit: $1	Read Review
Discover® Bank CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
EverBank Performance℠ CD	APY: 4.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $10,000	Read Review
Bread Savings CD Member FDIC.	APY: 4.30%	Term: 1 Year	Min. Deposit: $1,500	Read Review
Barclays Online CD Member FDIC.	APY: 4.15%	Term: 1 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Generations Bank CD Member FDIC.	APY: 5.20%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Arvest Bank CD Member FDIC.	APY: up to 4.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $5,000 or $10,000, depending on term
SchoolsFirst Federal Credit Union CD Federally insured by NCUA.	APY: 5.00%	Term: 13 Months	Min. Deposit: $500
Pacific Western Bank Member FDIC.	APY: 5.15%	Term: 13 Months	Min. Deposit: —	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 4.33%	Term: 13 Months	Min. Deposit: $1,000	Read Review
CIT Bank CD Member FDIC.	APY: 3.50%	Term: 13 Months	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
BMO CD Specials Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $1,000	Read Review
Santander Bank CD Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $500	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.54%	Term: 15 Months	Min. Deposit: $10,000
Citi CD Member FDIC.	APY: 0.50% to 1.01%	Term: 15 Months	Min. Deposit: $500	Read Review
Golden 1 Credit Union CD Federally insured by NCUA.	APY: 5.10%	Term: 16 Months	Min. Deposit: $500	Read Review
Capital One 360 CD Member FDIC.	APY: 3.70%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Fidelity CD Member FDIC.	APY: 5.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.15%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 5.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 4.00%	Term: 1.5 Year	Min. Deposit: $0	Read Review
E*TRADE CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Bask Bank CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.35%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Popular Direct CD Member FDIC.	APY: 3.85%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
Alliant CD Member FDIC.	APY: 4.25%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.95%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.00%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.15%	Term: 1.5 Year	Min. Deposit: $500	Read Review
EverBank Performance℠ CD	APY: 3.70%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 3.00%	Term: 1.5 Year	Min. Deposit: $250.00	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 1.5 Year	Min. Deposit: $1,000
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 1.5 Year	Min. Deposit: $500
BMO Bank Member FDIC.	APY: 1.70%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.25%	Term: 1.5 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Vanguard Brokered CD Member FDIC.	APY: 5.40%	Term: 1.5 Year	Min. Deposit: $1,000
LendingClub CD Member FDIC.	APY: 3.75%	Term: 1.5 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
NexBank Standard CD Member FDIC.	APY: 3.98%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 3.50%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
CIT Bank CD Member FDIC.	APY: 3.00%	Term: 1.5 Year	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
Discover® Bank CD Member FDIC.	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Charles Schwab CD Member FDIC.	APY: up to 4.25%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $2,500	Read Review
Synchrony Online CD Member FDIC.	APY: 4.25%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $1,500	Read Review
Citi CD Member FDIC.	APY: 2.45%	Term: 1.5 Year	Min. Deposit: $500	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 19 Months	Min. Deposit: $5,000 or $10,000, depending on term
Prime Alliance Bank CD Member FDIC.	APY: 4.15%	Term: 2 Year	Min. Deposit: $500	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.00%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $500	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 2 Year	Min. Deposit: $500	Read Review
Sallie Mae CD	APY: 3.75%	Term: 2 Year	Min. Deposit: $2,500	Read Review
Tab Bank CD Member FDIC.	APY: 3.85%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Connexus Credit Union Share CD	APY: 4.53%	Term: 2 Year	Min. Deposit: $5,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.85%	Term: 2 Year	Min. Deposit: $1,500	Read Review
First Tech CD	APY: up to 2.25%	Term: 2 Year	Min. Deposit: $500	Read Review
Flushing Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.55%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
TD Bank CD Member FDIC.	APY: 1.00% - 3.00%	Term: 2 Year	Min. Deposit: $250.00	Read Review
Quontic CD Member FDIC.	APY: 3.35%	Term: 2 Year	Min. Deposit: $500	Open Account for On Secure Website.
Synchrony Online CD Member FDIC.	APY: 3.90%	Term: 2 Year	Min. Deposit: $0	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.40%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 2 Year	Min. Deposit: $500
Valley Bank CD Member FDIC.	APY: 4.00%	Term: 2 Year	Min. Deposit: $500
E*TRADE CD Member FDIC.	APY: 3.80%	Term: 2 Year	Min. Deposit: $0	Read Review
BMO Bank Member FDIC.	APY: 1.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.93%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 4.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Generations Bank CD Member FDIC.	APY: 4.24%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 4.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 2 Year	Min. Deposit: $1,000
Popular Direct CD Member FDIC.	APY: 3.80%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $10,000	Read Review
EverBank Performance℠ CD	APY: 3.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
All America Bank CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $500	Read Review
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 2 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 2 Year	Min. Deposit: $1,000
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Read Review
LendingClub CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Citizens CD Member FDIC.	APY: 4.00%	Term: 2 Year	Min. Deposit: $5,000	Read Review
Bask Bank CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.70%	Term: 2 Year	Min. Deposit: $500	Read Review
Arvest Bank CD Member FDIC.	APY: up to 3.55%	Term: 2 Year	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.10%	Term: 2 Year	Min. Deposit: $1,000
BMO CD Specials Member FDIC.	APY: 3.75%	Term: 25 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 25 Months	Min. Deposit: $5,000 or $10,000, depending on term
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 30 Months	Min. Deposit: $0	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 30 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
EverBank Performance℠ CD	APY: 3.50%	Term: 30 Months	Min. Deposit: $1,000	Read Review
BMO CD Specials Member FDIC.	APY: 3.75%	Term: 35 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 35 Months	Min. Deposit: $5,000 or $10,000, depending on term
LendingClub CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Prime Alliance Bank CD Member FDIC.	APY: 3.75%	Term: 3 Year	Min. Deposit: $500	Read Review
Citizens CD Member FDIC.	APY: 3.35%	Term: 3 Year	Min. Deposit: $5,000	Read Review
Sallie Mae CD	APY: 3.60%	Term: 3 Year	Min. Deposit: $2,500	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 3 Year	Min. Deposit: $1,000
Charles Schwab CD Member FDIC.	APY: up to 4.25%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
First Internet Bank of Indiana CD Member FDIC.	APY: 3.77%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $1,500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 2.75%	Term: 3 Year	Min. Deposit: $250.00	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.65%	Term: 3 Year	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $0	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.00%	Term: 3 Year	Min. Deposit: $10,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $1,000	Read Review
First Tech CD	APY: up to 2.45%	Term: 3 Year	Min. Deposit: $500	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 3 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 3 Year	Min. Deposit: $1,000
Edward Jones CD Member FDIC.	APY: 4.80%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 4.80%	Term: 3 Year	Min. Deposit: $1,000	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 3 Year	Min. Deposit: $0	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $0	Read Review
All America Bank CD Member FDIC.	APY: 3.25%	Term: 3 Year	Min. Deposit: $500	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.00%	Term: 3 Year	Min. Deposit: $1,000
Citi CD Member FDIC.	APY: 2.00%	Term: 3 Year	Min. Deposit: $500	Read Review
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $0	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.65%	Term: 3 Year	Min. Deposit: $10,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.44%	Term: 3 Year	Min. Deposit: $10,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 3 Year	Min. Deposit: $500
E*TRADE CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $0	Read Review
Quontic CD Member FDIC.	APY: 3.25%	Term: 3 Year	Min. Deposit: $500	Open Account for On Secure Website.
BMO Bank Member FDIC.	APY: 1.40%	Term: 3 Year	Min. Deposit: $1,000	Read Review
PNC Fixed Rate CD Member FDIC.	APY: up to 1.75%	Term: 37 Months	Min. Deposit: $1,000	Read Review
BMO CD Specials Member FDIC.	APY: 3.80%	Term: 45 Months	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.34%	Term: 4 Year	Min. Deposit: $10,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 3.85%	Term: 4 Year	Min. Deposit: $1,000
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 4 Year	Min. Deposit: $0	Read Review
Citizens CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $5,000	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 4 Year	Min. Deposit: $500	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 4 Year	Min. Deposit: $500
Prime Alliance Bank CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $500	Read Review
Charles Schwab CD Member FDIC.	APY: up to 3.80%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 4 Year	Min. Deposit: $1,000
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.62%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.60%	Term: 4 Year	Min. Deposit: $10,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.25%	Term: 4 Year	Min. Deposit: $1,000
BMO Bank Member FDIC.	APY: 1.35%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Ponce Bank High-Yield CD from Raisin	APY: 1.61%	Term: 4 Year	Min. Deposit: $1	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.25%	Term: 4 Year	Min. Deposit: $10,000	Read Review
All America Bank CD Member FDIC.	APY: 3.25%	Term: 4 Year	Min. Deposit: $500	Read Review
Fidelity CD Member FDIC.	APY: 4.55%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 4.55%	Term: 4 Year	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.09%	Term: 49 Months	Min. Deposit: $10,000
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 52 Months	Min. Deposit: $5,000 or $10,000, depending on term
BMO CD Specials Member FDIC.	APY: 3.90%	Term: 59 Months	Min. Deposit: $1,000	Read Review
BMO Bank Member FDIC.	APY: 1.35%	Term: 5 Year	Min. Deposit: $1,000	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 5 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Citizens CD Member FDIC.	APY: 3.45%	Term: 5 Year	Min. Deposit: $5,000	Read Review
Edward Jones CD Member FDIC.	APY: 4.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.55%	Term: 5 Year	Min. Deposit: $10,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.50%	Term: 5 Year	Min. Deposit: $500
Sallie Mae CD	APY: 3.75%	Term: 5 Year	Min. Deposit: $2,500	Read Review
Fidelity CD Member FDIC.	APY: 4.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 5 Year	Min. Deposit: $500	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.30%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $500	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 5 Year	Min. Deposit: $0	Read Review
Quontic CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $500	Open Account for On Secure Website.
LendingClub CD Member FDIC.	APY: 3.40%	Term: 5 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
First Internet Bank of Indiana CD Member FDIC.	APY: 3.67%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 5 Year	Min. Deposit: $1,000
Ally High Yield CD Member FDIC.	APY: 3.60%	Term: 5 Year	Min. Deposit: $0	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $1,000	Read Review
First Tech CD	APY: up to 3.55%	Term: 5 Year	Min. Deposit: $500	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $0	Read Review
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $0	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $1,500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.29%	Term: 5 Year	Min. Deposit: $10,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 3.75%	Term: 5 Year	Min. Deposit: $1,000
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 5 Year	Min. Deposit: $1,000
Barclays Online CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
E*TRADE CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $0	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 2.25%	Term: 5 Year	Min. Deposit: $250.00	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.25%	Term: 5 Year	Min. Deposit: $10,000	Read Review
All America Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $500	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 5 Year	Min. Deposit: $500	Read Review
PNC Fixed Rate CD Member FDIC.	APY: up to 2.00%	Term: 61 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 61 Months	Min. Deposit: $5,000 or $10,000, depending on term
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 6 Year	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 6 Year	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 7 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 10 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.

Our CDs methodology

At Motley Fool Money, our certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Motley Fool Money tracks just standard CDs, not IRA, bump up, callable, and other less popular CD accounts. CD rates displayed on this Best 4-Year CD Rates page are comprised of both the highest CD rates in Motley Fool Money’s universe of tracked rates and featured placements from advertisers. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list.
Learn more about how Motley Fool Money rates bank accounts.

A note from our head of product ratings, Robin Hartill, CFP®

The CD accounts we select maximize the earnings on your savings while providing security and predictability. Here’s what we emphasize:

Competitive interest rates
Reasonable minimum deposit
Low fees and withdrawal penalties

These elements are critical to keeping your savings safe and compounding.

Reviews of the top 4-year CDs

Discover® Bank CD 4 Year: 3.40% APY

What we like about this 4-year CD: Discover® Bank doesn't have the highest 4-year CD rates, but it offers an unusually wide selection of CD terms that range from three months to 10 years, making it ideal for CD laddering.

What you should know before opening an account: Discover® Bank's rates require a minimum deposit of $0. But if you need to withdraw funds early from a 4-year CD, you'll sacrifice nine months of interest, which is fairly steep.

Learn more on Discover® Bank's website

Barclays Online CD 4 Year: 3.00% APY

What we like about this 4-year CD: Barclays has a competitive rate on 4-year CDs and no minimum opening deposit. The early withdrawal penalty on a 4-year CD is 180 days' interest, which isn't unreasonable.

What you should know before opening an account: As of this writing, you'll get the best Barclays Online CD rates with terms of six to nine months, but if rates drop before the CDs mature, you may have to renew at a lower rate.

Learn more on Barclays' website

Tab Bank CD 4 Year: 3.40% APY

What we like about this 4-year CD: TAB Bank offers competitive rates on both its CDs and high-yield savings accounts. The bank offers both individual and business CDs.

What you should know before opening an account: You'll need an opening deposit of at least $1,000 to open an account.

Read our full TAB Bank review

Capital One 360 CD 4 Year: 3.50% APY

What we like about this 4-year CD: There's no minimum deposit to open an account. Also, the early withdrawal penalty on a 4-year CD is lower than some competitors, at six months' interest.

What you should know before opening an account: Capital One's CD rates are well above the national average, but fairly standard compared to online banks (though Capital One does have some physical locations). Capital One doesn't have CD terms longer than five years.

Read our full Capital One 360 CD review

EverBank Performance℠ CD 4-Year: 3.50% APY

What we like about this 4-year CD: EverBank is a good choice for those who want to do most banking at a single institution, offering CDs, checking and savings accounts, and money market accounts for both individuals and businesses. CD terms range from three months to five years.

What you should know before opening an account: EverBank requires a $1,000 minimum deposit to open a CD. The early withdrawal penalty is 25% of the interest that would have been earned if you'd held the CD to maturity, which works out to a steep one year's interest on a 4-year CD.

Read our full EverBank Performance℠ CD review

Bread Savings CD 4-Year: 3.50% APY

What we like about this 4-year CD: Bread Financial has competitive APYs on its CDs, though it currently offers its best rates for those with terms of 12 months or less.

What you should know before opening an account: Bread requires a high minimum deposit of $1,500 to open a CD. Also, though Bread offers a variety of savings and credit products, it doesn't have checking accounts.

Read our full Bread Savings CD review

Marcus by Goldman Sachs High Yield CD 4 Year: 3.60% APY

What we like about this 4-year CD: Marcus by Goldman Sachs 4-year CDs offer a high APY and a 10-day CD rate guarantee, so you'll still get a higher APY if rates increase within 10 days of opening the account.

What you should know before opening an account: You'll have to have a $500 minimum deposit to open your account. Also, Marcus by Goldman Sachs doesn't offer checking accounts, so you won't be able to handle all your banking in one place.

Read our full Marcus by Goldman Sachs High Yield CD review

Synchrony Online CD 4 Year: 4.00% APY

What we like about this 4-year CD: Synchrony Online CDs offer some of the top APYs and no minimum deposit. You also won't pay a penalty if you withdraw your interest during the term.

What you should know before opening an account: Synchrony Bank's offerings are a bit limited, as there are no checking accounts or CD terms longer than 60 months. Also, the early withdrawal penalty on 4-year CDs is high, at one year's worth of simple interest.

Read our full Synchrony Online CD review

Alliant CD 4-Year: 3.65% APY

What we like about this 4-year CD: Alliant Credit Union's share certificates (the credit union equivalent of CDs) allow for monthly withdrawal of dividends. If you have a "jumbo" certificate, i.e., a deposit of $75,000 or more, you can earn even higher rates on a 4-year CD, as well as those with other terms.

What you should know before opening an account: You'll need to join Alliant Credit Union to open a CD. A $1,000 opening deposit is also required.

Read our full Alliant CD review

What is a 4-year CD?

A 4-year CD is an account that pays a fixed interest rate on a deposit held for 48 months. Once the term is over, you can renew your 4-year CD, choose another CD, or withdraw your original investment plus the interest earned. While 4-year CDs have traditionally offered higher rates than shorter CD terms, today's high-interest-rate environment typically favors CDs that mature within 12 months.

Who is a 4-year CD right for?

A 4-year CD is an excellent investment for someone who can afford to set aside money for four years without touching it. Longer CD terms tend to earn higher rates.

Will 4-year rates increase in 2024?

It's unlikely 4-year CD rates will increase in 2024. CD rates are tied to the Federal Reserve's federal funds rate, which had its first cut in September and is expected to see more decreases before the year ends. Even if the federal funds rate doesn't drop drastically, CD providers might still cut rates in the expectation that the rate will be lower in the future.

Pros and cons of 4-year CDs

A 4-year CD can be a great investment, but it also has its drawbacks. Here are some pros and cons to opening 4-year CDs.

Pros

Higher rates: Four-year CDs offer better rates than you find with most savings and money market accounts.
No risk of interest rates falling: CDs have fixed rates. This potentially means you can lock in a high interest rate for four whole years. Even if interest rates fall during your 4-year CD term, your rate will remain the same.
Predictable returns: The fixed interest rate also means you can easily calculate precisely how much interest you'll earn over a four-year term.

Cons

Interest rates may rise: Over the course of four years, it's possible interest rates could rise. If you've tied your money into a 4-year CD, you won't be able to take advantage of increases in market rates until the CD reaches maturity.
Penalties: The reason you can earn a higher rate on 4-year CDs is that you can't withdraw funds until the CD matures. You'll pay costly early withdrawal penalties if you need to access your cash during the four-year period.
Inflation risk: If you tie your cash to the same APY for four years, there's a risk your savings will not keep up with inflation. One way to protect yourself from these risks is to build a CD ladder. This strategy gives you increased flexibility while still allowing you to take advantage of the higher APYs of 4-year CDs.

Alternatives to a 4-year CD

Four-year CDs offer a guaranteed interest rate, but they are not right for everybody. Here are some other options to consider.

High-yield savings account

These savings accounts have comparable rates to CDs. However, they don't tie up your money for fixed periods of time. Customers have access to their money when they need it, plus these accounts tend to have higher interest rates.

Money market account

Money market accounts (MMAs) are another bank account type to check out. They combine the interest earning of a high-yield savings account and with certain checking account features. Many MMAs come with ATM access and check-writing privileges.

Investments

You may end up earning more over time by investing your money in the stock market rather than by opening a 4-year CD. However, you may need to wait longer than four years to see those returns. Whether you go through an online stock broker or put money into a retirement fund, diversified portfolios have historically earned higher returns in the long run. Be aware that this route carries more risk. Money you invest will not be FDIC insured, and the value of stocks can both increase and decrease.

To recap, the highest 4-year CD rates

Offer	APY	Min. Deposit
Discover® Bank CD On Discover Bank's Secure Website.	3.40% - 4 Yr.	$0
Barclays Online CD On Barclays' Secure Website.	3.00% - 4 Yr.	$0
Tab Bank CD	3.40% - 4 Yr.	$1,000
Capital One 360 CD	3.50% - 4 Yr.	$0
EverBank Performance℠ CD	3.50% - 4 Yr.	$1,000
Bread Savings CD	3.50% - 4 Yr.	$1,500
Marcus by Goldman Sachs High Yield CD	3.60% - 4 Yr.	$500
Synchrony Online CD	4.00% - 4 Yr.	$0
Alliant CD	3.65% - 4 Yr.	$1,000

APY = Annual Percentage Yield

Other CD term lengths to consider

Banks we monitor

Here are the 100+ financial institutions we've evaluated in our research:

Alliant, Ally, All America Bank, American First Credit Union, American Express National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO Bank, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi®, Synchrony Bank, TAB Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.

FAQs

Four-year CDs typically offer a significantly higher APY than CDs with shorter terms. If you have money to leave untouched long term, you'll most likely earn more over time with a 4-year CD.
A 4-year CD is worth it if you have money that you don't need access to for a while. If not, you can opt for a CD with a shorter term or build a CD ladder to reduce some risks.
A 4-year CD begins when you open an account and make a deposit. During the next 48 months, your CD will grow by compound interest, assuming you don't withdraw any funds. At the end of your term, you can liquidate your CD account, renew the 4-year term, or transfer your money into a CD with different terms.

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