2 Year IRA Rates

Compare rates on 2 year IRAs from banks and credit unions. Use the filter box below to customize your results. Click here to learn more about 2-year IRA CDs and how they can be a beneficial tool in your retirement strategy.

Location
Deposit Amount
Filters
Institution
APY
Service Charge
Min. to Earn
Min. Deposit
First Financial Northwest Bank
Member FDIC
24 Month IRA
4.1 Our Rating
5.00%
$1k
View
View
4.1 Our Rating Member FDIC
APY
5.00%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Dakota Plains Credit Union
NCUA Insured
24 Month IRA Share Certificate
4.8 Our Rating
4.50%
$500
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24 Month IRA Share Certificate
View
4.8 Our Rating NCUA Insured
APY
4.50%
Service Charge
Minimum to Earn $500
Minimum Deposit
Northridge Community Credit Union
NCUA Insured
12 Month Fixed Rate IRA
4.1 Our Rating
4.50%
$1k
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12 Month Fixed Rate IRA
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4.1 Our Rating NCUA Insured
APY
4.50%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Pen Air Credit Union
NCUA Insured
21 Month IRA
4.8 Our Rating
4.50%
$500
View
21 Month IRA
View
4.8 Our Rating NCUA Insured
APY
4.50%
Service Charge
Minimum to Earn $500
Minimum Deposit
Metro Credit Union
NCUA Insured
24 Month IRA
5.0 Our Rating
4.45%
$0
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24 Month IRA
View
5.0 Our Rating NCUA Insured
APY
4.45%
Service Charge
Minimum to Earn $0
Minimum Deposit
Gardiner Federal Credit Union
NCUA Insured
24 Month IRA Certificate
4.8 Our Rating
4.44%
$500
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24 Month IRA Certificate
View
4.8 Our Rating NCUA Insured
APY
4.44%
Service Charge
Minimum to Earn $500
Minimum Deposit
Treasury Department Federal Credit Union
NCUA Insured
24 Month IRA
4.8 Our Rating
4.44%
$500
View
4.8 Our Rating NCUA Insured
APY
4.44%
Service Charge
Minimum to Earn $500
Minimum Deposit
Credit Union of Atlanta
NCUA Insured
24 Months IRA Certificate
4.8 Our Rating
4.40%
$500
View
24 Months IRA Certificate
View
4.8 Our Rating NCUA Insured
APY
4.40%
Service Charge
Minimum to Earn $500
Minimum Deposit
Veridian Credit Union
NCUA Insured
24 Month High Yield IRA Special - New Money
4.8 Our Rating
4.40%
$500
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24 Month High Yield IRA Special - New Money
View
4.8 Our Rating NCUA Insured
APY
4.40%
Service Charge
Minimum to Earn $500
Minimum Deposit
America First Credit Union
NCUA Insured
12 - 17 Month IRA Dedicated Savings IRA Certificate
5.0 Our Rating
4.35%
$0
View
12 - 17 Month IRA Dedicated Savings IRA Certificate
View
5.0 Our Rating NCUA Insured
APY
4.35%
Service Charge
Minimum to Earn $0
Minimum Deposit
USALLIANCE Financial
NCUA Insured
24 Month IRA Certificate Special
4.8 Our Rating
4.35%
$500
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24 Month IRA Certificate Special
View
4.8 Our Rating NCUA Insured
APY
4.35%
Service Charge
Minimum to Earn $500
Minimum Deposit
Tulare County Federal Credit Union
NCUA Insured
24 Month IRA
4.1 Our Rating
4.34%
$1k
View
4.1 Our Rating NCUA Insured
APY
4.34%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Ouachita Valley Federal Credit Union
NCUA Insured
24 Month IRA Certificate
3.6 Our Rating
4.33%
$2k
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24 Month IRA Certificate
View
3.6 Our Rating NCUA Insured
APY
4.33%
Service Charge
Minimum to Earn $2k
Minimum Deposit
Lafayette Federal Credit Union
NCUA Insured
2 Year Fixed IRA
4.8 Our Rating
4.28%
$500
View
View
4.8 Our Rating NCUA Insured
APY
4.28%
Service Charge
Minimum to Earn $500
Minimum Deposit
Consumers Professional Credit Union
NCUA Insured
24 Month IRA
4.1 Our Rating
4.27%
$1k
View
4.1 Our Rating NCUA Insured
APY
4.27%
Service Charge
Minimum to Earn $1k
Minimum Deposit
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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.