Best 4-Year CD Rates in Homewood, Alabama, AL

You are viewing rates from banks across Homewood

Below are four-year CD Rates from banks in Alabama . Four-Year Certificates of Deposit (CD) are not as popular as the three and five year terms which means the rates often aren’t as competitive. The best four year cd rates are often only marginally above the 3 year rates. Nevertheless, for those who want to lock in a rate for a longer period of time, 4 year cds are worth a look.

Homewood, AL - December 22, 2024

4 Year CD National Average : 0.81% ^?

Banks	APY	MIN	MILES ^?
EvaBank	3.56%	$1,000	-	Learn More Add Review
Bank Independent	3.02%	$1,000	-	Learn More Add Review
Rate History: 3.01% → 4.02% → 3.02%
Union State Bank	1.50%	$500	-	Learn More Add Review
The Citizens Bank	1.50%	$10,000	-	Learn More Add Review
Metro Bank	1.50%	$10,000	-	Learn More Add Review
Woodforest National Bank	1.30%	$500	-	Learn More
Rate History: 1.00% → 1.30%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Millennial Bank	1.25%	$10,000	-	Learn More Add Review
Cullman Savings Bank	1.25%	$10,000	-	Learn More Add Review
Farmers and Merchants Bank	1.25%	$1,000	-	Learn More Add Review
Rate History: 1.76% → 1.25%
The Farmers & Merchants Bank	1.25%	$10,000	-	Learn More Add Review
NobleBank & Trust	1.15%	$10,000	-	Learn More
kdm0030 \| Jan 13, 2023 Disappointed! Wellsfargo is not great but better than Noble. Read More Reviews (1)
The Exchange Bank of Alabama	1.15%	$10,000	-	Learn More Add Review
PeoplesTrust Bank	1.05%	$10,000	-	Learn More Add Review
The Hometown Bank of Alabama	1.00%	$10,000	-	Learn More
OldCrone \| Mar 16, 2023 The branch manager is unavailable and doesnt care what goes on as long as he is not bothered. The tellers are rude and referr to customers who ask for help as " special needs customers". Read More Reviews (1)
First Community Bank of Central Alabama	0.95%	$10,000	-	Learn More Add Review
First Bank of Alabama	0.90%	$10,000	-	Learn More Add Review
Citizens Bank & Trust, Inc.	0.90%	$500	-	Learn More Add Review
Liberty Bank	0.89%	$10,000	-	Learn More Add Review
The Commercial Bank Of Ozark	0.88%	$10,000	-	Learn More Add Review
First National Bank of Pulaski	0.85%	$10,000	-	Learn More
Tim, In Pulaski TN \| Aug 10, 2022 1st National Bank of Tennessee is not, in my opinion, a mobile friendly bank. Be aware that they do not have a 1-800 number on their cards. So, if it happens to be a weekend and you're out of town trying... Read More Reviews (1)
Central State Bank	0.85%	$10,000	-	Learn More
Bob Kuehner \| Apr 23, 2020 If you're not with Central State Bank and you're in business... why the heck not? I've been with CSB since 2007. In that time they've provided top tier service and a down home feel. My most recent exper... Read More Reviews (1)
SouthPoint Bank	0.85%	$10,000	-	Learn More Add Review
22nd State Bank	0.85%	$10,000	-	Learn More Add Review
HNB First Bank	0.80%	$10,000	-	Learn More Add Review
MidSouth Bank	0.80%	$10,000	-	Learn More
Chadpatt \| Jun 14, 2021 I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They t... Read More Reviews (1)
Peoples Bank of Alabama	0.80%	$10,000	-	Learn More Add Review
CB&S Bank, Inc.	0.75%	$10,000	-	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
Liberty Bank and Trust Company	0.75%	$10,000	-	Learn More Add Review
Southern States Bank	0.75%	$10,000	-	Learn More Add Review
First Fidelity Bank	0.75%	$10,000	-	Learn More Add Review
First Southern Bank	0.75%	$10,000	-	Learn More Add Review
First Southern State Bank	0.75%	$10,000	-	Learn More Add Review
West Alabama Bank & Trust	0.75%	$1,000	-	Learn More
Gavin Howard \| Mar 4, 2023 OMB controller currency CFPB mortgage loans originator regulation G 3170-0005 requested full disclosure Read More Reviews (1)
Citizens Bank & Trust	0.75%	$10,000	-	Learn More Add Review
First Federal Bank, A FSB	0.75%	$500	-	Learn More Add Review
ServisFirst Bank	0.71%	$10,000	-	Learn More Add Review
Pinnacle Bank	0.70%	$10,000	-	Learn More Add Review
FirstBank	0.65%	$10,000	-	Learn More Add Review
The First National Bank and Trust	0.65%	$10,000	-	Learn More Add Review
PeoplesSouth Bank	0.65%	$10,000	-	Learn More Add Review
Bryant Bank	0.65%	$100,000	-	Learn More Add Review
First Community Bank of Cullman	0.60%	$500	-	Learn More Add Review
Armed Forces Bank, National Association	0.60%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Commonwealth National Bank	0.56%	$10,000	-	Learn More Add Review
The First, A National Banking Association	0.55%	$10,000	-	Learn More Add Review
Bryant Bank	0.55%	$10,000	-	Learn More Add Review
Renasant Bank	0.55%	$10,000	-	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
Community Bank and Trust - Alabama	0.50%	$10,000	-	Learn More Add Review
Century Bank	0.50%	$10,000	-	Learn More Add Review
Merchants & Marine Bank	0.50%	$10,000	-	Learn More Add Review
Community Spirit Bank	0.50%	$10,000	-	Learn More Add Review
Community Bank of Mississippi	0.50%	$10,000	-	Learn More Add Review
AuburnBank	0.45%	$500	-	Learn More Add Review
Synovus Bank	0.45%	$10,000	-	Learn More
deb \| Jun 11, 2015 Synovus no longer offers this rate as of 5/8/2015---I called and asked Read More Reviews (1)
Citizens Trust Bank	0.40%	$10,000	-	Learn More Add Review
AmeriFirst Bank	0.40%	$10,000	-	Learn More Add Review
CCB Community Bank	0.40%	$500	-	Learn More Add Review
First Cahawba Bank	0.35%	$10,000	-	Learn More Add Review
Citizens' Bank, Inc.	0.35%	$1,000	-	Learn More Add Review
Centennial Bank	0.35%	$10,000	-	Learn More
Asj \| Nov 15, 2020 Do they? Read More Reviews (1)
Metro City Bank	0.33%	$1,000	-	Learn More
thedon \| Mar 29, 2020 have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More Reviews (1)
Phenix-Girard Bank	0.30%	$10,000	-	Learn More
username \| Nov 5, 2021 only if you are a customer Read More Reviews (5)
BankFirst Financial Services	0.30%	$10,000	-	Learn More Add Review
Ameris Bank	0.20%	$10,000	-	Learn More
COLETTE B \| May 30, 2022 I HAVE TO AGREE WITH THE OTHER REVIEWERS. THIS BANK HAS THE WORST CUSTOMER SERVICE OF ALL TIME. I HAD NO CHOICE BUT TO GO HERE... IF THERE'S ANY WAY YOU CAN AVOID, IT IS HIGHLY RECOMMENDED. LET ME GIVE ... Read More Reviews (4)
Troy Bank & Trust Company	0.16%	$10,000	-	Learn More Add Review
Friend Bank	0.10%	$10,000	-	Learn More Add Review
Regions Bank	0.05% 0.01%	$2,501 $2,500	-	Learn More Add Review
Rate History: 0.03% → 0.05%
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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PRODUCT INFORMATION

Four Year CDs - Branch Banks 2024

Four year CDs are a longer-term CD and offer a fixed rate for 4 years in return for a commitment to keep the money in the bank for this period of time. While savers can withdraw the money (termed "breaking the CD") high penalties make this undesirable. Generally, an individual should not invest in a four year CD unless they are comfortable parting with the money for this period of time.

Safety

Four year CDs from FDIC insured banks are insured up to FDIC limits (generally $250,000 per account holder per bank). If your deposit is over the FDIC limit then you may not receive the uninsured money in case of a bank failure. For this who remain within FDIC limits, the principal threat is inflation. The value of longer-term CDs are especially prone to be eaten away by inflation, especially if the CD is opened in a rising rate environment.

Interest

Four year CDs currently pay between .40-.60 percentage points more in interest than a one year CD. In general, CDs of this duration are best opened as part of a laddered CD portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years. To get a sense of rate trends, please visit our BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES OF FOUR YEAR CDs

Advantages of four year CDs

4 year CDs provide a fixed rate for the term of the CD
The rate is higher than a savings account or a 1 year CD to compensate for the longer term.
Branch-opened CDs can be done quickly in one day.

Disadvantages of four year CDs

The saver's money is locked away for four years unless they want to break the CD and pay a penalty.
In a rising rate environment, inflation will reduce the value of the money in the CD over time.
Branch CDs require the saver to visit a branch and be subjected to cross-sell pitches and other marketing tactics.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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Homewood, Alabama CD Rates – 4-Year

PRODUCT INFORMATION

Four Year CDs - Branch Banks 2024

Safety

Interest

ADVANTAGES AND DISADVANTAGES OF FOUR YEAR CDs

Advantages of four year CDs

Disadvantages of four year CDs

SAVINGS & CD CALCULATOR

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