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.

ALERT: Due to the recent, emergency interest rate cuts by the Fed, we're detecting a high volume of deposit rate changes by banks and credit unions. If you're unable to find an account, it may be hidden temporarily while it is being reviewed for accuracy. Read more here.
OR
Deposit Amount
Advanced options

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

Nationwide Only
Lafayette FCU2 Year Fixed CD3 Reviews
1.71%
$500-$862
1.60%
$500-$806
Signature FCU24 Month Share Certificate8 Reviews
1.50%*
$500-$756
1.45%
$1k-$771
1.45%*
$500-$730
1.45%
--$730
1.35%
$2.5k$250k$680
1.35%*
$25k-$680
1.35%
$2.5k-$680
1.31%
$1k-$659
State Bank of India2 Year Senior Citizen CD2 Reviews
1.31%
$25k-$659
State Bank of India (IL)Senior Citizens 2 Year CD5 Reviews
1.31%
$2.5k-$659
1.30%
$2.5k-$654
1.30%
$1.5k$10m$654
1.30%
$500$1m$654
1.30%
$5k-$654
1.26%
$10k-$634
State Department FCU24 Month Certificate9 Reviews
1.26%
$500-$634
Technology Credit Union24 - 35 Month Flextime CD9 Reviews
1.25%
$1k-$664
1.25%
$500-$629
My eBanc24 Month Online Time Deposit14 Reviews
1.25%
$5k-$629
Communitywide FCU24 Month Share Certificate4 Reviews
1.25%
$1k-$629
1.25%
$1k-$629
CIT Bank2-Year Term CD319 Reviews
1.25%
$1k-$629
Ally BankRaise Your Rate 2 Year CD717 Reviews
1.25%*
--$629
Hiway FCU24 – 35 Month CD6 Reviews
1.20%*
$25k-$637
Chartway FCU24-35 Month Share Certificate28 Reviews
1.20%
--$637
AFFCU2 Year Share Certificate1 Review
1.20%*
$25k-$604
Puerto Rico FCU2 Year Share Certificate2 Reviews
1.20%
$1k-$604
Rising Bank2 Year Term CD10 Reviews
1.20%
$1k$500k$604
RiverLand FCU24 Month Certificate1 Review
1.20%
$1k-$604
1.16%
$1k-$708
1.15%
$1k-$653
1.15%
$1k-$578
1.15%
$1.5k-$578
1.15%*
$500-$578

Displaying 1-40 of 208 Results


2-Year CD Rates

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.

2-Year CD Rate History – Average APY (%) Rate Trend over Time

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 APY (Annual Percentage Yield) 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.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers 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 [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.