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Featured 2-Year CD Rates
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2 Year CD Rates

Compare rates on 2 year CDs from banks and credit unions. Use the filter box below to customize your results.

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Deposit Amount | $1 $100,000
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Quorum Federal Credit Union25 Month Term Savings CD1.50%$1k-$789
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Melrose Credit Union2 Year Share Certificate15 Reviews1.41%$5k-$710
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Regal Bank24 Month CD1.36%$500-$687
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Third Federal Savings and Loan (OH)29 Month CD Special2 Reviews1.35%$500-$825
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Freedom Bank (NJ)24-35 Month CD1.35%$500-$717
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Bogota Savings Bank21 Month CD1.35%$1k-$595
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Pinnacle Federal Credit Union24 Month CD4 Reviews1.31%$500-$661
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Connexus Credit Union24 Month Certificate With Active Checking14 Reviews1.30%$10k-$654
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Citizens State Bank (FL)24 Month CD3 Reviews1.26%$1k-$636
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NexBank24 Month CD1.25%$10k-$631
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Columbia Bank (NJ)24 Month CD4 Reviews1.25%$500-$631
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Clifton Savings Bank24 Month CD1 Review1.25%$500-$631
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Salem Five Direct24 Month eCD Special10 Reviews1.25%$10k-$631
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Capital Educators Federal Credit Union24 Month Promotional Share Certificate1.25%$500-$631
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Colorado Federal Savings Bank2 Year CD2 Reviews1.25%$5k-$629
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EverBank2 Year Yield Pledge CD13 Reviews1.25%$1,500-$629
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Salem Five24 Month eCD Special3 Reviews1.25%$10k-$629
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Oritani BankLoyalty 2 Year Certificate1.25%$1k-$629
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Digital Credit UnionJumbo 27 Month Jump-Up CD - Relationship Rate8 Reviews1.23%$2,500-$699
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Patelco Credit Union24 - 35 Month Thank You Certificate Special (Member over 20 Yrs)5 Reviews1.20%$1k-$637
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The Berkshire Bank24 Month CD6 Reviews1.20%$1k$500k$605
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Bank5 Connect24 Month Investment Connect CD5 Reviews1.20%$500-$605
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Susquehanna Bank24 Month Fixed Rate Special CD10 Reviews1.20%$2,500-$605
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Cape Bank2 Year CD1.20%--$604
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Affinity Credit Union24 Month LadderUP CD5 Reviews1.20%$500-$604
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Mariner's Bank24 Month CD1.17%$1k-$590
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Virtual Bank2 Year eCD5 Reviews1.16%$10k-$583
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Silvergate Bank2 Years High Yield Online CD1.16%$25k$225k$583
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Peapack-Gladstone Bank25 Month CD (New Money only)1 Review1.15%$500-$604
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Synchrony Bank24 Month CD10 Reviews1.15%$25k-$580
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Discover Bank24 Month CD28 Reviews1.15%$2,500-$580
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Barclays24 Month Online CD13 Reviews1.15%--$580
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Lake Michigan Credit Union24 Month VIP CD35 Reviews1.15%$500-$580
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BAC Florida BankBAC Internet Time Deposit 24 Months1.15%$500-$580
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Hudson City Savings Bank2 Year CD12 Reviews1.15%$500-$578
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RSI BANK25 Month CD1.10%$1k-$578
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Palladian Private Bank24 Month CD1 Review1.10%$10k-$555
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Displaying 1-40 of 254 Results



2 Year CD Rate Trend

2-Year CD Rates

What are CDs?

CDs, also called certificates of deposit, are low-risk investments with a predetermined, fixed rate of return (interest) sold by financial institutions. The 2-Year CD is one of many time horizons typically offered by banks and credit unions, and serves as a fairly liquid way to store savings while growing them at higher interest rates than usually afforded by standard savings accounts.

Contribution Limits

CDs, or time deposits, usually come with no maximum limits on how much you are able to deposit. In most cases, the bigger your principal, the more you will earn in interest – this is called “tiered interest.” However, some financial institutions offer just a flat interest rate for any amount of principal.

Mini CD Ladders and Add-On CDs

2-Year CDs are commonly termed 24-month CDs and make for a good last rung on a mini CD ladder. The simplest way build this ladder is to invest in 5 CDs ranging in duration from 3 months to 24 months (i.e., a 3-month CD, 6-month CD, 12-month CD, 18-month CD, and a 24-month CD). After the first CD reaches maturity, you can decide whether to open another 24 month CD to extend your ladder. Repeat this process until you have 24 Month CDs expiring every 3 months, and you will have achieved higher rates of return than a savings account, while maintaining good liquidity (access to funds penalty free every 3 months). Alternatively, Add-On CDs are designed so that the bank or credit union will allow you to invest additional funds into an already opened CD. This could be advantageous, especially if the interest rates are tiered.

Small banks and credit unions typically offer the best interest rates on CDs, which is why you will predominantly see share certificates at the top of the CD rate tables on DepositAccounts. Whether bank or credit union, make sure the CD being offered is federally insured. The FDIC or NCUA guarantees each depositor up to at least $250,000 per insured financial institution where he or she has an account. American Share Insurance (ASI) is a private insurer that covers each account you may have at an insured credit union up to $250,000.

Some financial institutions offer Bump-Up CDs that allow the certificate of deposit holder to switch to a higher rate (if available) one time during the life of the investment without incurring a penalty. This is a helpful feature, but is usually offered with long term CDs as an incentive to “loan” the bank or credit union money for a longer period of time.