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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Deposit Amount
$1 $100,000

166 Results


Nationwide Only
Garden Savings FCU2 Year Share Certificate
1.66%
$500-$837
1.55%
$1k-$816
1.55%*
$10k-$781
Popular Direct2 Year Popular Direct CD
1.55%
$10k-$781
Hughes FCU29 Month CD
1.51%
$1k$50k$924
Service Credit Union27 Month Share Certificate Special13 Reviews
1.50%
$1k-$854
EverBank2 Year Yield Pledge CD20 Reviews
1.46%
$1,500-$735
NexBank24 Month CD1 Review
1.45%
$10k-$732
1.45%
$2,500$250k$730
1.43%*
$5k-$720
EBSB Direct25 Month Bump-Up EBSB CD1 Review
1.41%
$1k-$742
My e-BAnC by BAC Florida BankBAC Internet Time Deposit 24 Months12 Reviews
1.41%
$1,500-$712
Melrose Credit Union2 Year Share Certificate17 Reviews
1.41%
$5k-$710
1.36%
$1k-$687
Alliant Credit Union24 - 35 Month Jumbo Share CD32 Reviews
1.35%
$25k-$717
Barclays24 Month Online CD99 Reviews
1.35%
--$681
1.31%
$500-$661
Velocity Credit Union24 Month Share Certificate Promotion3 Reviews
1.31%
$1k-$661
1.30%
$500-$739
1.30%*
$20k-$656
1.30%
$2,500-$656
HSBC24 Month Online CD21 Reviews
1.30%
$1k-$656
Communitywide FCU24 Months Share Certificate3 Reviews
1.30%
$2k-$656
Capital Educators FCU24 Month Promotional Share Certificate1 Review
1.30%*
$500-$656
CIT Bank2 Year Term CD92 Reviews
1.30%
$1k-$654
Northpointe BankBusiness 23 Month Fixed CD Special7 Reviews
1.30%
$1k-$628
1.26%
$500-$669
1.26%
$10k-$634
Silvergate Bank2 Years High Yield Online CD1 Review
1.26%*
$25k$235k$634
State Farm Bank28 Month CD Special26 Reviews
1.25%*
--$737
1.25%*
--$657
1.25%
$500-$631
1.25%
$500-$631
1.25%
$500-$631
Aspire FCU24 Month Certificate2 Reviews
1.25%
$500-$631
RiverLand FCU24 Month Step-Up Certificate1 Review
1.25%
$10k-$631

Displaying 1-40 of 166 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 instututions 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.