Best 4-Year CD Rates in Michigan, MI

You are viewing rates from banks across Michigan

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

MI - December 24, 2024

4 Year CD National Average : 0.81% ^?

Banks	APY	MIN	MILES ^?
Nicolet National Bank	4.25% 3.50%	$2,500 $2,501	-	Learn More
Rate History: 3.60% → 3.30% → 3.75% → 4.00% → 4.25%
Jim Doe \| Oct 12, 2022 Service has always been satisfactory. They have my complete trust and endorsement. Great bank in my opinion. Read More Reviews (2)
First National Bank of America	3.85%	$1,000	-	Learn More
Rate History: 4.80% → 4.65% → 4.55% → 4.26% → 3.85%
VINCEMUNIZ@Q.COM \| Oct 16, 2020 HAVE BEEN CALLING YOUR MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR RETURN MY PHONE CALLS. WHAT IS HAPPEN? PLEASE ADVISE. THANK YOU, Read More Reviews (1)
Seattle Bank	3.80%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 4.65% → 4.55% → 4.20% → 4.05% → 3.80%
Rob H. \| Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More Reviews (2)
Capital One, National Association	3.55%	$0	-	Learn More
Rate History: 4.05% → 3.95% → 3.75% → 3.55%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Mercantile Bank	3.40%	$500	-	Learn More Add Review
Rate History: 2.50% → 4.00% → 3.40%
Gateway First Bank	3.00%	$500	-	Learn More
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
Citizens	2.75%	$5,000	-	Learn More
Rate History: 3.00% → 2.75%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Northpointe Bank	2.05%	$1,000	-	Learn More
Rate History: 2.05% → 2.10% → 2.05%
pagehelen2@gmail.com \| Mar 10, 2021 Northpointe -- my most favorite bank -- held their rate when others dropped -- nice people to deal with -- and -- COURAGE + INTEGRITY. Read More Reviews (4)
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)
USAA Federal Savings Bank	1.50%	$1,000	-	Learn More
Rate History: 2.50% → 1.50%
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Gogebic Range Bank	1.30%	$10,000	-	Learn More Add Review
Mi Bank	1.25%	$10,000	-	Learn More Add Review
Sterling Bank and Trust, FSB	1.25%	$500	-	Learn More
samcasino \| Jan 30, 2021 Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated. Read More Reviews (1)
Eaton Federal Savings Bank	1.21%	$10,000	-	Learn More Add Review
Homestead Savings Bank	1.15%	$10,000	-	Learn More Add Review
Northern Interstate Bank, N. A.	1.10%	$1,000	-	Learn More
blueangel \| Jan 6, 2020 Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they woul... Read More Reviews (1)
Baybank	1.05%	$10,000	-	Learn More Add Review
Kalamazoo County State Bank	1.00%	$10,000	-	Learn More Add Review
The First National Bank & Trust Company of Iron Mountain	1.00%	$100,000	-	Learn More Add Review
Hingham Institution for Savings	1.00%	$1,000	-	Learn More Add Review
Superior National Bank & Trust Company	1.00%	$100,000	-	Learn More Add Review
Upper Peninsula State Bank	1.00%	$10,000	-	Learn More Add Review
Mayville State Bank	1.00%	$10,000	-	Learn More Add Review
First State Bank of Decatur	1.00%	$10,000	-	Learn More Add Review
The Miners State Bank	0.95%	$10,000	-	Learn More Add Review
Union Bank	0.95%	$10,000	-	Learn More Add Review
The First National Bank & Trust Company of Iron Mountain	0.90%	$2,500	-	Learn More Add Review
Superior National Bank & Trust Company	0.90%	$10,000	-	Learn More Add Review
First Bank, Upper Michigan	0.90%	$10,000	-	Learn More Add Review
Central Savings Bank	0.90%	$100	-	Learn More Add Review
Huron National Bank	0.90%	$10,000	-	Learn More Add Review
West Shore Bank	0.90%	$10,000	-	Learn More Add Review
Waterford Bank, N.A.	0.90%	$10,000	-	Learn More Add Review
Peoples State Bank of Munising	0.80%	$10,000	-	Learn More Add Review
Lake-Osceola State Bank	0.80%	$10,000	-	Learn More Add Review
Isabella Bank	0.80%	$10,000	-	Learn More Add Review
Huron Community Bank	0.80%	$10,000	-	Learn More Add Review
Citizens National Bank of Cheboygan	0.75%	$100,000	-	Learn More Add Review
Charlevoix State Bank	0.75%	$10,000	-	Learn More Add Review
Alden State Bank	0.75%	$10,000	-	Learn More Add Review
Horizon Bank	0.75%	$10,000	-	Learn More Add Review
The Dart Bank	0.75%	$10,000	-	Learn More Add Review
G. W. Jones Exchange Bank	0.75%	$10,000	-	Learn More Add Review
Liberty Bank and Trust Company	0.75%	$10,000	-	Learn More Add Review
Range Bank, National Association	0.70%	$10,000	-	Learn More Add Review
The Stephenson National Bank and Trust	0.70%	$10,000	-	Learn More Add Review
Citizens National Bank of Cheboygan	0.65%	$10,000	-	Learn More Add Review
Commercial Bank	0.65%	$10,000	-	Learn More Add Review
Eastern Michigan Bank	0.65%	$10,000	-	Learn More Add Review
University Bank	0.60%	$500	-	Learn More Add Review
The Shelby State Bank	0.60%	$10,000	-	Learn More Add Review
ChoiceOne Bank	0.60%	$10,000	-	Learn More
Savvy \| Jul 17, 2020 Terrible experience trying to get a mortgage. I’ve got great credit, have gotten literally dozens of mortgages over the past 40 years. I completed an online application, waited a week and never heard a... Read More Reviews (2)
United Bank of Michigan	0.60%	$10,000	-	Learn More Add Review
Blissfield State Bank	0.60%	$1,000	-	Learn More Add Review
1st Source Bank	0.55%	$500	-	Learn More Add Review
Sturgis Bank & Trust Company	0.55%	$10,000	-	Learn More Add Review
Bank of Ann Arbor	0.55%	$10,000	-	Learn More Add Review
Capitol National Bank	0.50%	$500	-	Learn More Add Review
Tri-County Bank	0.50%	$500	-	Learn More Add Review
First National Bank of Michigan	0.50%	$100,000	-	Learn More Add Review
Oxford Bank	0.50%	$10,000	-	Learn More
Gloria Borchman \| Jul 3, 2023 My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More Reviews (1)
CIBC Bank USA	0.50%	$100,000	-	Learn More
me \| Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More Reviews (6)
Southern Michigan Bank & Trust	0.45%	$500	-	Learn More Add Review
1st State Bank	0.45%	$500	-	Learn More Add Review
Bay Port State Bank	0.45%	$100,000	-	Learn More Add Review
CIBC Bank USA	0.45%	$10,000	-	Learn More
me \| Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More Reviews (6)
The First National Bank of Wakefield	0.44%	$10,000	-	Learn More Add Review
The Citizens State Bank of Ontonagon	0.40%	$10,000	-	Learn More Add Review
State Savings Bank	0.40%	$10,000	-	Learn More Add Review
First National Bank of Michigan	0.40%	$10,000	-	Learn More Add Review
The Port Austin State Bank	0.40%	$10,000	-	Learn More Add Review
Chelsea State Bank	0.40%	$10,000	-	Learn More Add Review
Old National Bank	0.35%	$10,000	-	Learn More
jefflockwoodlaw2288@gmail.com \| Jul 18, 2021 I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More Reviews (2)
The State Bank	0.35%	$10,000	-	Learn More Add Review
Bay Port State Bank	0.35%	$10,000	-	Learn More Add Review
Northstar Bank	0.35%	$1,000	-	Learn More Add Review
First Merchants Bank	0.35%	$100,000	-	Learn More
Squittyrules83 \| Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More Reviews (4)
Thumb Bank and Trust	0.30%	$10,000	-	Learn More
J Geiger \| Jun 14, 2022 Compliance officer possibly the rudest person ive every spoken with. Polices changing constantly. One week they do what you need the next week they wont. Complete mess. Not the old Thumb National rude and ... Read More Reviews (1)
Macatawa Bank	0.30%	$10,000	-	Learn More Add Review
Oxford Bank	0.30%	$100,000	-	Learn More
Gloria Borchman \| Jul 3, 2023 My niece and I have been customers of the Addison Oaks branch of Oxford Bank for 20 years. My niece is on my accounts and has a separate account of her own. We have performed the same transactions for 20... Read More Reviews (1)
First Merchants Bank	0.30%	$10,000	-	Learn More
Squittyrules83 \| Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More Reviews (4)
Bank Michigan	0.25%	$10,000	-	Learn More Add Review
Premier Bank	0.25%	$500	-	Learn More Add Review
First State Bank	0.25%	$10,000	-	Learn More Add Review
Farmers State Bank	0.20%	$10,000	-	Learn More Add Review
Comerica Bank	0.15%	$1	-	Learn More
Cory,Baldwin \| Oct 18, 2016 IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More Reviews (1)
U.S. Bank National Association	0.15%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
KeyBank National Association	0.05%	$2,500	-	Learn More
Rate History: 0.03% → 0.05%
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
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)
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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Michigan 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

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