Last November, lucky savers were able to take advantage of 2.60% APY from the highest earning 24 month CD rates of the time, from Jacksonville Bank. The best 2 year CDs available in the US now though, are from Country Bank which has 14 branches in central Massachusetts, their rate is 2.25% APY for a minimum deposit of $500. The CDs are not available online though, you’ll need to call a customer service representative to receive instructions on how to buy a CD via mail.
Other banks that offer top rates for 2 year CDs are:
-Gold savings bank, a single location in Mountlake Terrace WA offers 2.20% APY for a $10,000 minimum deposit.
-A community bank in Franklin TN offers 2.14% APY, for a $2,500 minimum deposit
-You can get a rate of 2.07% APY from the State bank of India for a $2,500 minimum deposit if you obtain the CD through their Chicago office, or $5,000 if you do it though the New York office.
Arguably the best deal around though is a rather unusual 25 month CD from Legacy bank that offers 2.90% APY.
If none of the rates are quite as attractive as you hoped for 24 month CDs, you might want to try looking around for a 5 year CD with high interest, and low pre-termination fines. In the end you may find one that is actually a better deal for a 2-year period. You can scan for available options on our database.
Related posts:
- Highest 5 – year CD rate, slides to 3.30% from 3.44%
The best CD rates on the market just became a little less attractive as EverBank cut the interest on its highest yielding 5-year CD to 3.30% annual percentage yield, from... - FRM Interest Rate Stable at less than 5%
Out of the 10 major cities surveyed this month, 8 of the cities’ financial institutions have recently been offering fixed-rate mortgages at less than 5%. This is a substantial jump...
