Certificates of deposit (CDs) with 48-month terms offer a safe way to grow savings. Despite average yields dropping to 1.26% APY, some banks and credit unions provide rates above 4%. Here’s a look at the top options for July 2025.

The Federal Reserve’s decision to hold interest rates steady impacts CD yields. With inflation rising in July 2025, experts predict rates may decline further. Locking in a high-rate CD now could secure better returns for the next four years.

All accounts listed are insured by the FDIC or NCUA, ensuring safety up to $250,000 per depositor. Always review terms, like minimum deposits or membership rules, before opening a CD to avoid surprises.

NASA Federal Credit Union: 4.40% APY

NASA FCU offers a 49-month share certificate at 4.40% APY, one of the highest rates available. It requires a $10,000 minimum deposit and renews as a 48-month term. Membership is open to NASA employees, their families, or National Space Society members.

Lewis Clark Credit Union: 4.39% APY

Lewis Clark Credit Union provides 4.39% APY for 48-month certificates and IRA certificates. Membership is limited to residents, workers, or students in select Idaho and Washington counties. A $500 minimum deposit is required to open this account.

Citizens Bank & Trust: 4.35% APY

Citizens Bank & Trust offers a 4.35% APY on its 48-month CD with a $500 minimum deposit. No membership is required, making it widely accessible. You can open it online or at branches in Kentucky.

Credit Union of Atlanta: 4.35% APY

The Credit Union of Atlanta provides a 4.35% APY for 48-month share or IRA certificates. A $500 minimum deposit is needed. Membership is restricted to Atlanta, Georgia, residents or qualified employees in the area.

Tulare Federal Credit Union: 4.34% APY

Tulare FCU offers a 4.34% APY on its 48-month certificate with a $1,000 minimum deposit. Interest compounds monthly. Membership is limited to those living, working, or studying in Tulare County, California, or their immediate family.

Lafayette Federal Credit Union: 4.33% APY

Lafayette FCU offers up to 4.33% APY for jumbo accounts ($100,000+) or 4.28% for standard 48-month certificates. A $500 minimum applies, plus a $50 savings and $5 checking account. Membership is limited to specific regions or affiliations.

Knoxville TVA Employees Credit Union: 4.25% APY

Knoxville TVA Employees Credit Union offers a 4.25% APY on 48-month certificates, with a 0.10% bonus for $10,000+ deposits. A $500 minimum is required. Membership is restricted to select East Tennessee counties or eligible family members.

EagleBank: 4.20% APY

EagleBank’s 48-month CD yields 4.20% APY with a $1,000 minimum deposit. No membership is required, and interest compounds daily. While branches are in Maryland, Virginia, and D.C., online access is available nationwide.

Raymond James Bank: 4.15% APY

Raymond James Bank offers a 4.15% APY on its 48-month CD with a $1,000 minimum deposit for non-brokerage accounts. It’s accessible without membership restrictions, making it a strong option for savers seeking high yields.

Popular Direct: 4.15% APY

Popular Direct’s 48-month CD provides a 4.15% APY but requires a $10,000 minimum deposit. No membership is needed, making it widely available. Interest compounds daily, offering steady growth over the term.

Most Accessible 4-Year CDs

Some high-yield CDs have fewer restrictions, making them easier to access. The following options require $1,000 or less to open, have no strict membership rules, and offer competitive rates for July 2025.

KS StateBank: 4.10% APY

KS StateBank’s 48-month CD offers a 4.10% APY with a $500 minimum deposit. Interest compounds quarterly, and online access is available nationwide, though branches are only in Kansas. No membership is required.

First Internet Bank: 3.97% APY

First Internet Bank provides a 3.97% APY on its 48-month CD with a $1,000 minimum deposit. No membership is needed, and interest compounds monthly. This account can be opened entirely online for convenience.

First National Bank of America: 3.91% APY

First National Bank of America offers a 3.91% APY on its 48-month CD with a $1,000 minimum deposit. It’s available online, but balances over $1 million require a call for rates. No membership is needed.

Why Choose a 4-Year CD?

Four-year CDs lock in your money for a fixed term, offering predictable returns. With rates potentially falling, securing a high APY now can protect against future declines. Compare terms and penalties before committing.

Things to Consider

Check for early withdrawal penalties, as they can reduce earnings. Membership restrictions may apply for credit unions, so verify eligibility. Online banks often offer higher rates but may lack in-person support. Always confirm FDIC or NCUA insurance.

Current Market Trends

Inflation rose to 3.2% in July 2025, per the Bureau of Labor Statistics. The Federal Reserve’s steady rates suggest CD yields may soften. Experts recommend acting quickly to lock in rates above 4% before they drop further.

High-yield 4-year CDs remain a solid option for safe, long-term savings. Compare minimum deposits, membership rules, and penalties to find the best fit. Acting now can secure better returns in an uncertain rate environment.