Best 4-Year CD Rates in Boston, Massachusetts, MA

You are viewing rates from banks across Boston

Below are four-year CD Rates from banks in Massachusetts . 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.

Boston, MA - November 27, 2024

4 Year CD National Average : 0.81% ^?

Banks	APY	MIN	MILES ^?
Middlesex Savings Bank	4.00%	$10	-	Learn More
Stephen Clinton \| Jan 9, 2021 Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't th... Read More Reviews (1)
Beal Bank USA	3.80%	$1,000	-	Learn More
Rate History: 3.95% → 3.85% → 3.80%
george \| Feb 9, 2021 The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More Reviews (3)
Dedham Institution for Savings	3.75%	$1,000	-	Learn More Add Review
StonehamBank, A Co-operative Bank	3.75%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 4.50% → 4.40% → 4.00% → 3.75%
The Village Bank	3.25%	$20	-	Learn More
Rate History: 2.50% → 3.00% → 4.00% → 3.50% → 3.25%
Andrea \| Apr 18, 2017 Village Bank currently has a 15 mo. CD special at 1.50% Read More Reviews (1)
Needham Bank	3.25%	$1,000	-	Learn More
Shawn \| Feb 14, 2022 I had a personal checking account and a business account. All went well until I sent a polite letter pointing out that it is improper, and not good practice, to make online passwords expire. Why should ... Read More Reviews (2)
Citizens	3.00%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Walpole Co-operative Bank	2.35%	$0	-	Learn More Add Review
Rate History: 2.40% → 2.35%
BankGloucester	2.25%	$500	-	Learn More Add Review
Rate History: 1.00% → 0.76% → 1.02% → 2.25%
Salem Five Cents Savings Bank	2.25% 0.50%	$10,000 $500	-	Learn More
DMuessig \| Jan 8, 2018 Another bad bank! Did a hard pull just to open a checking account with no overdraft and denied me. Never even bothered to send a letter or e-mail. Now I have another inquiry on my credit report for nothin... Read More Reviews (2)
Pentucket Bank	2.12%	$500	-	Learn More Add Review
Rate History: 2.27% → 2.12%
South Shore Bank	2.00%	$1,000	-	Learn More Add Review
Rate History: 2.00% → 3.25% → 2.00%
Wakefield Co-operative Bank	2.00%	$500	-	Learn More Add Review
Leader Bank, National Association	2.00%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 2.00%
Citibank, National Association	2.00%	$0	-	Learn More
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
JPMorgan Chase Bank, National Association	2.00%	$10,000	-	Learn More
Rate History: 2.00% → 2.50% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
Everett Co-operative Bank	1.75%	$500	-	Learn More Add Review
Bank of Easton	1.51%	$500	-	Learn More Add Review
Rate History: 1.25% → 1.51%
OneLocal Bank	1.50%	$1,000	-	Learn More Add Review
North Shore Bank, a Co-operative Bank	1.30%	$1,000	-	Learn More Add Review
Eagle Bank	1.25%	$500	-	Learn More Add Review
Canton Co-operative Bank	1.21%	$10,000	16.12	Learn More Add Review
Berkshire Bank	1.10%	$10,000	19.01	Learn More
Run \| Jan 12, 2021 They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More Reviews (2)
MountainOne Bank	1.05%	$10,000	8.58	Learn More Add Review
Hingham Institution for Savings	1.00%	$1,000	-	Learn More Add Review
Cape Ann Savings Bank	1.00%	$500	-	Learn More Add Review
Rate History: 1.00% → 0.75% → 1.00%
Winter Hill Bank, FSB	0.80%	$10,000	5.21	Learn More Add Review
Coastal Heritage Bank	0.80%	$10,000	8.62	Learn More Add Review
Institution for Savings in Newburyport and Its Vicinity	0.75%	$500	-	Learn More
Rate History: 0.75% → 1.00% → 0.75%
Karen nicoli \| Jan 23, 2017 2.50 Read More Reviews (1)
NorthEast Community Bank	0.75%	$1,000	-	Learn More Add Review
Middlesex Federal Savings, F.A.	0.70%	$500	-	Learn More Add Review
Rate History: 0.60% → 0.70%
Northern Bank & Trust Company	0.65%	$500	-	Learn More Add Review
Stoughton Co-operative Bank	0.65%	$500	-	Learn More Add Review
Colonial Federal Savings Bank	0.65%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 0.65%
Enterprise Bank and Trust Company	0.60%	$10,000	23.80	Learn More Add Review
Winchester Savings Bank	0.60%	$10,000	9.61	Learn More Add Review
MutualOne Bank	0.55%	$500	18.01	Learn More
Thomas DeMauro \| Aug 28, 2022 Rates are totally uncompetitive now. Read More Reviews (11)
The National Grand Bank of Marblehead	0.50%	$1,000	-	Learn More Add Review
Berkshire Bank	0.50%	$10,000	19.01	Learn More
Run \| Jan 12, 2021 They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More Reviews (2)
Commonwealth Co-operative Bank	0.50%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 0.50%
Cathay Bank	0.40%	$50,000	-	Learn More Add Review
East Cambridge Savings Bank	0.40%	$1,000	-	Learn More Add Review
Reading Co-operative Bank	0.35%	$500	-	Learn More Add Review
Webster Bank, National Association	0.35%	$10,000	17.28	Learn More Add Review
The Savings Bank	0.30%	$1,000	-	Learn More Add Review
Bluestone Bank	0.30%	$2,000	-	Learn More Add Review
Rate History: 0.50% → 0.40% → 0.30% → 0.40% → 0.30%
Watertown Savings Bank	0.20%	$10,000	12.19	Learn More
Denyse DuBrucq \| Jan 1, 2016 I very much prefer banking here. Everyone is so friendly and know who is calling by voice. Your help getting me through this year where I did as much as possible to launch my business, CryoRain Inc., is ... Read More Reviews (1)
Eastern Bank	0.15%	$10,000	17.65	Learn More
marcus \| Nov 1, 2021 worst bank ever and they racist ruth bitchell and the rest of them ban frontline workers that complain about their mistakes this only happens to blacks Read More Reviews (1)
Bank of America, National Association	0.03%	$100,000	-	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)

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.

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Boston, Massachusetts 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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