Featured 1-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. You may want to try our Early Withdrawal Penalty Calculator to compare a 2-year CD rate to the effective APY of a CD with a longer term and higher rate that is broken at the 2-year mark. Click here to read more about features and tips related to 2-year CDs.

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Include credit unions with membership based on any industries that you or immediate family members currently or have previously worked in:

199 Results


Nationwide Only
1.60%
$5k-$809
EverBank2 Year Yield Pledge CD23 Reviews
1.60%
$5k-$806
Fort Knox FCU23 Month CD Special18 Reviews
1.60%
$500-$774
My e-BAnC by BAC Florida BankBAC Internet Time Deposit 24 Months12 Reviews
1.57%
$1,500-$793
1.56%
$10k-$786
Melrose Credit Union2 Year Share Certificate18 Reviews
1.56%
$5k-$786
1.55%
$1k-$816
1.55%
$500-$783
Popular Direct2 Year Popular Direct CD
1.55%
$10k-$781
Bellco CU (CO)22 Months Index Advantage CD3 Reviews
1.55%*
$10k-$717
Hughes FCU29 Month CD
1.51%
$1k$50k$924
1.51%*
--$763
Marine FCU24 Month Term Share Certificate4 Reviews
1.51%
$1k-$763
1.51%
$1k-$763
State Farm Bank28 Month CD Special28 Reviews
1.50%*
$500-$886
1.50%
$1k-$789
1.50%*
$20k-$758
Andrews FCU24 Month Jumbo Share Certificate23 Reviews
1.50%
$10k-$758
PurePoint Financial24 Month Online CD
1.50%
$10k-$758
1.50%
$2,500$250k$756
1.46%*
$2,500-$735
PenFed Credit Union2 Year Money Market Certificate49 Reviews
1.46%
$1k-$735
Capital One24 Month 360 CD218 Reviews
1.45%
--$732
Banesco USA24 Month CD
1.45%*
$1,500-$732
1.45%*
$25k-$732
NexBank24 Month CD1 Review
1.45%
$10k-$732
1.45%
$500-$730
1.40%*
$25k-$707
Blue FCU24 Month CD - Sapphire6 Reviews
1.40%
$2k-$707
Communitywide FCU24 Months Share Certificate4 Reviews
1.40%
$2k-$707
Salem Five24 Month CD Special7 Reviews
1.40%
$10k-$707
CIT Bank2 Year Term CD116 Reviews
1.40%
$1k-$705
Northpointe BankBusiness 23 Month Fixed CD Special9 Reviews
1.40%
$1k-$677
Alliant Credit Union24 - 35 Month Jumbo Share CD36 Reviews
1.35%
$25k-$717
1.35%
$500-$681
Hope FCU24 Month Share Certificates5 Reviews
1.35%
$1k-$681
1.35%*
$10k-$680

Displaying 1-40 of 199 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.




The rates and promotions displayed are gathered from various financial institutions and may not reflect all of the products available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate data or to request rates or promotions be included in this chart. We are not affiliated with the financial institutions listed here.

* The APY shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.