Two year CDs lock in the interest rate for a long period
Certificates of Deposit are some of the best investments you can make, especially in a time of uncertainty or falling interest rates. Two year CDs are the longest term CDs offered by most banks.
They are chosen when you believe interest rate will be falling in the near future and you want to benefit from a higher interest rate for the longer term.
Below are among the best current rates for 2 year (24-month) CDs around the country.
Best Rates for 2 Year CDs
| Institution | APY | Rate | Min. Deposit |
|---|---|---|---|
| AlliantCreditUnion Bank | 1.30% | 1.30% | $1,000 |
| MetLife Bank | 1.17% | 1.17% | $2,000 |
| Affinity Bank | 1.15% | 1.15% | $500 |
| AlliantCreditUnion Bank | 1.15% | 1.15% | $1,000 |
| Discover Bank | 1.15% | 1.15% | $2,500 |
| Goldwater Bank | 1.15% | 1.15% | $5,000 |
| MetLife Bank | 1.12% | 1.12% | $2,000 |
| Usaa Bank | 1.10% | 1.10% | $1,000 |
| CalFirst Bank | 1.10% | 1.10% | $5,000 |
| Colorado Federal Savings Bank | 1.10% | 1.10% | $5,000 |
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