Best 4-Year CD Rates December 2024

Capital One was founded in 1988 in Richmond, Virginia, and has become one of the most recognized names in finance. It originated as a credit card company but has since expanded its services, offering various financial products, including banking, loans, and investment solutions. Their main attraction is leveraging technology to provide more innovative financial solutions that can be tailored to individual needs. Capital One sets itself apart with its user-friendly platforms and digital tools that can simplify business and personal finance for its customers.

Marcus is an online banking provider owned by Goldman Sachs. Marcus was launched in 2016 to offer products designed to address consumer pain points regarding personal finance.

Marcus is named after Goldman Sachs’ founder, and its online platform combines digital technology with the financial strength and 150-year history of Goldman Sachs. Marcus has over $50 billion in bank deposits and $5 billion in consumer loan balances in the United States and the United Kingdom, all without the traditional brick-and-mortar branch model.

Marcus is a public company: stock ticker NYSE: MCS.

Marcus by Goldman Sachs offers:

• High-Yield Savings
• A variety of CD products
• Credit Cards

As of January 2023, Marcus no longer offers new personal loans.

Discover was created by Sears in 1985 as a credit card company. Since then, it has branched out into a fully-fledged financial institution and is one of the biggest financial brands in America. Discover provides credit cards, online banking services, personal loans, student loans, and home loans.

Currently based in Riverwoods, Illinois, Discover has more than 50 million customers in the US and over 17,000 employees. The financial powerhouse offers all the benefits of a full-service bank with an excellent online presence and top-quality customer service.

Discover is a public company: stock ticker NYSE: DFS.

Synchrony is a leading consumer financial services company that offers a wide range of financial solutions, including credit cards, savings accounts, and other consumer financing products. Known for its partnerships with major retailers and businesses, Synchrony provides private-label credit cards and promotional financing options to help consumers make purchases more affordable. The company also offers a variety of savings products, such as high-yield savings accounts and certificates of deposit, with a strong focus on digital services. Synchrony’s mission is to provide flexible and accessible financial solutions to its customers.

Synchrony is listed on the NYSE under the ticker SYF.

Quontic Bank is an online-only, FDIC-insured bank based in New York City, NY. The bank offers multiple deposit account options with reasonable opening deposit minimums and competitive annual percentage yields (APYs). Quontic Bank’s primary goal is to innovate traditional banking without losing the personal connection with its customers.

Quontic offers checking and savings accounts, CDs, as well as a variety of mortgage loan products. 

Quontic Bank also offers a really cool, first-of-its-kind Pay Ring, a wearable payment device.

Ally Financial is headquartered in Sandy, Utah, and was founded in 2009. As a full-service online bank, it offers its customers competitive interest rates, no minimum balance requirements, low fees, and round-the-clock customer service. Ally Bank is the digital banking division of Ally Financial Inc. Ally is best suited to customers familiar with online banking using a PC, tablet, or mobile device. The banking division offers checking & savings, credit card, money market, and certificate of deposit accounts. In addition, other Ally Financial divisions offer investing and retirement services, mortgage loans, vehicle financing, and insurance services with Ladder.

Ally is a public company: stock ticker NYSE: ALLY

Pentagon Federal Credit Union (PenFed), established in 1935, is now the second-largest federal credit union in the US. The company boasts over 2.8 million members and over $33.5 billion in assets. PenFed offers a wide range of financial products, including checking, savings, certificates, credit cards, auto loans, mortgage and home equity loans, and more. PenFed has partnered with Sparrow to connect credit union members with pre-qualified rates from over 15 lenders.

Headquartered in Virginia, PenFed is regulated by the National Credit Union Administration.

Popular Direct traces its lineage back to 1893, as it’s a subsidiary of Popular, Inc., founded in Puerto Rico. With over a century of banking expertise, the company has emerged as a significant financial player, focusing on providing its customers with high-yield savings products and competitive CD rates. Their commitment to deliver seamless online banking experiences has led to massive technological advances. The main selling point for Popular Direct is its dedication to offering attractive interest rates. While many banks have expanded services, this company focuses on high-yield opportunities, specializing where others have broadened.

Sallie Mae has existed since 1973, initially as a federally guaranteed student loan program. It has been a private company since 2004. They stopped servicing federal loans in 2014 and now focus on private student loans and savings accounts. One of its main focuses is catering to students looking for flexible repayment terms.

Sallie Mae’s savings products include:

• A standard savings account called SmartyPig
• Money Market Accounts
• Certificates of Deposit Accounts
• High-Yield Savings Accounts

Sallie Mae is a public company: stock ticker NASDAQ: SLM.

First National Bank of Pennsylvania (F.N.B.) is headquartered in Pittsburgh, Pennsylvania. Its roots can be traced back to 1864 when the First National Bank of West Greenville was founded. Today, it operates across seven states and Washington, D.C., offering a wide range of financial services, including commercial and consumer banking, wealth management, loans, insurance, and more. It has to be mentioned that First National Bank also has an eStore featuring more than 30 financial products and services that make this bank feel like a 1-stop-shop for almost all of your financial needs.

With over 350 branches in the key metropolitan areas, they serve Pennsylvania, Ohio, Maryland, Washington DC, Virginia, North Carolina, South Carolina, and West Virginia residents. This bank has grown significantly through acquisitions and now ranks among the 50 largest U.S.-based bank holding companies, with assets exceeding $20 billion.

The company is publicly traded under the stock ticker “FNB” on the New York Stock Exchange.

First National Bank of America (FNBA), headquartered in East Lansing, Michigan, has a proud history dating back to 1955. Over the years, the bank has grown from a local entity to a national presence, particularly with its online offerings, such as CDs and high-yield savings accounts available to consumers nationwide. Primarily serving Michigan residents with a broader array of products, FNBA has consistently expanded its services while retaining its family-owned essence.

With over $2.6 billion in assets, the bank’s reputation for stability, commitment to customer service, and innovative banking solutions position it well. Its Michigan-focused brick-and-mortar presence and strong online service suite set FNBA apart in the banking sector.

Alliant Bank has operated under its existing brand since December 2003. However, the company’s history can be dated back to 1888. With five physical branches in Northern and Central Missouri, Alliant Bank offers both online personal and business banking. The financial company is also a full-service bank registered with the FDIC. Alliant Bank’s ethos is firmly built around community partnership and working together with its customers on a personal basis.

Alliant Bank is a public company: stock ticker NASDAQ: LNT