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Featured 2-Year CD Rates
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2 Year IRA Rates

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

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Deposit Amount | $1 $100,000
Currently Including:
193
RESULTS

Results

Quorum Federal Credit Union25 Month IRA Term Savings (Traditional,Roth)1.50%$1k-$789
DETAILS
Melrose Credit Union2 Year Share IRA Certificate (Traditional,Roth,CESA)15 Reviews1.41%$4k-$710
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Freedom Bank (NJ)24-35 Month IRA (Traditional,Roth,SEP)1.35%$500-$717
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Bogota Savings Bank21 Month IRA1.35%--$595
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Pinnacle Federal Credit Union24 Month IRA (Traditional,Roth,CESA)4 Reviews1.31%$500-$661
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Triumph Savings Bank, SSB24 Month IRA (Traditional,Roth)1.30%$1k-$656
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Connexus Credit Union24 Month IRA Certificate With Active Checking (Traditional,CESA,Roth)14 Reviews1.30%$10k-$654
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Chartway Federal Credit Union24-35 Month IRA (Traditional,Roth,CESA)9 Reviews1.26%$10k-$669
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EverBank2 Year Yield Pledge IRA (Traditional,Roth)13 Reviews1.26%$1,500-$634
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Capital Educators Federal Credit Union24 Month Promotional IRA Certificate (Traditional,Roth,CESA,SEP)1.25%$500-$631
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CIT Bank2 Year RampUp Plus IRA (Traditional,Roth)47 Reviews1.25%$25k-$629
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Salem Five24 Month IRA Special (Traditional,CESA,Roth,SEP)3 Reviews1.25%$2k-$629
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Oritani BankLoyalty 2 Year IRA (Traditional,CESA,Roth)1.25%$1k-$629
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Digital Credit Union27 Month Jump-Up IRA - Relationship Rate (Traditional,Roth,SEP,SIMPLE)8 Reviews1.23%$500-$699
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Nationwide Bank24 Month IRA (Traditional,Roth)10 Reviews1.22%--$615
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The Berkshire Bank24 Month IRA6 Reviews1.20%$1k$500k$605
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Cape Bank2 Year IRA (Traditional,Roth,CESA)1.20%--$604
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Affinity Credit Union24 Month LadderUP IRA5 Reviews1.20%$500-$604
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Ally BankIRA Raise Your Rate 2-Year CD (Traditional,Roth,SEP)131 Reviews1.19%--$599
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Silvergate Bank2 Years IRA1.16%$25k$225k$583
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Peapack-Gladstone Bank25 Month IRA (New Money only)1 Review1.15%$500-$604
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Discover Bank24 Month IRA (Traditional,Roth)30 Reviews1.15%$2,500-$580
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Synchrony Bank24 Month IRA CD (Traditional,Roth)15 Reviews1.15%$25k-$580
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Hudson City Savings Bank2 Year Internet IRA (Traditional,Roth,SEP,CESA,SIMPLE)13 Reviews1.15%$5k-$578
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Lincoln Park Savings Bank2 Year IRA (Traditional,Roth,CESA)1.15%$500-$578
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Alliant Credit Union24 - 35 Month Roth IRA13 Reviews1.10%$1k-$584
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RSI BANK25 Month IRA1.10%$250-$578
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Northrop Grumman Federal Credit Union2 Year Term IRA (Traditional,Roth,CESA)1.07%$2k-$538
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Self Reliance (NJ) Credit Union24 Month IRA Certificate (Traditional,Roth,CESA)1.06%--$534
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First Internet Bank of IN24 Month IRA (Traditional,Roth,CESA)1 Review1.05%--$529
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Pen Air Credit Union24 Month IRA (Traditional,Roth,SEP,CESA)2 Reviews1.05%$500-$529
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Geauga Savings Bank24 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)1 Review1.05%--$529
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Royal Bank America2 Year IRA1.05%$1k-$528
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Northwest Federal Credit Union2 Year IRA Certificate (Traditional,Roth,CESA,SEP)9 Reviews1.05%$25k-$528
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Grand Bank, N.A.24 Month IRA (Traditional,Roth)1.01%$1k-$509
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Intervest National Bank2 Year IRA CD (Traditional,Roth,CESA)3 Reviews1.01%$1k-$508
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Haven Savings Bank24 Month IRA1.00%$100-$504
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Clifton Savings Bank24 Month IRA (Traditional,Roth,CESA)1 Review1.00%$500-$504
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Indus American Bank24 Month IRA8 Reviews1.00%$2k-$504
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Shore Community Bank24 Month IRA1.00%$500-$504
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Displaying 1-40 of 193 Results



2 Year IRA Rate Trend

2-Year IRA CD

The 2-Year IRA CD, or 24-Month IRA, is a tax-advantaged savings account that functions as a time deposit with a specific maturity date and set interest rate. An easy way to understand this product is to picture a big circle titled “IRA” with a little circle titled “CD” inside of it. The CD is the means by which the IRA gains value or interest. When you open an IRA CD, the IRA remains constant and the time deposit (i.e., the certificate of deposit) earns interest that is added to the account, typically on a monthly basis.

The IRA remains constant in the sense that it comes with rules that govern how an investor may use its tax advantages. You can liquidate an IRA CD at any point, but the proceeds will be subject to income tax or penalties when they lose their “IRA” covering. The IRS sets the contribution limits (which typically change every year) and distribution terms (which differ for Traditional and Roth accounts). CESA (Coverdell Education Savings Account) and SEP (Simplified Employee Pension) plans are also IRA options usually offered by banks and credit unions listed on DepositAccounts.

If you liquidate, or close out, a 2-Year IRA CD when the CD matures and decide not to roll the proceeds over to another IRA, you must report the money as taxable income. For banks and credit unions insured by the FDIC or NCUA, respectively, each individual depositor is insured up to $250,000 per institution. This is important to keep in mind if you plan to move the funds in your IRA in and out of CDs to take advantage of prevailing interest rates.