Best Two Year CD Rates

| January 26, 2011 | Comments (0)

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

InstitutionAPYRateMin. Deposit
USAlliance Federal Credit Union 1.51%1.49%$500
Goldwater Bank 1.31%1.31%$5,000
American Express 1.30%1.29%$1
Affinity Federal Credit Union 1.25%1.25%$500
Hudson City Savings Bank 1.25%1.25%$5,000
Ascencia Bank 1.20%1.20%$500
USAA Bank 1.20%1.20%$500
Discover Bank 1.20%1.20%$2,500
Ally Bank 1.19%1.19%$1
OneWest Bank 1.15%1.15%$1,000

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Category: Checking/Savings Accounts