With a 2-Year CD you can earn a much higher APY than a savings account pays. Find the best 2-Year CD rates for your optimal investment amount and length using our rate table below.
It’s always smart to seek out credit union and community bank CDs that pay more than the national banks. We’ve rounded up 12 of the best 2-year deals below, including two that pay 2.50% or better for lucky savers who qualify.
The Best 2-Year CD Rates of 2019
Today’s top national bank rate of 1.52% APY is offered by co-leaders TIAA Bank and Popular Direct. Based in Jacksonville, TIAA Bank operates 10 branches in Florida but is more nationally known for its robust online operation.
Usually, we caution readers that TIAA Bank is known for making almost weekly changes to its rate sheet, effective each Friday. But with this current 2-year rate, TIAA Bank has held steady for six weeks now.
Meanwhile, Popular Direct is an online portal of the bricks-and-mortar Popular Community Bank, which operates almost 50 branches in New York, New Jersey and south Florida. Popular Community Bank launched Popular Direct in late July.
Leading 24-month CD rates have been on a yo-yo that’s seen the lead languish at 1.50% and 1.51% APY last winter, then bump up in the spring to 1.55% and 1.60% APY — the best leading return we’d seen in more than three years.
Summer then saw the top rate fall back to 1.50% APY, while early fall lifted returns to 1.55% APY before we sank back to 1.52% APY in November.
With this feeling of going nowhere fast, it helps to remember the ground we’ve regained.
For almost two years between 2012 and 2014, the best national 24-month return was mired between 1.20% and 1.30% APY. Still, it’s hard not to wish for more in 2-year returns.
Top 2-Year CD Rates: Nationally Available Banks
|Gulf Coast Bank & Trust||1.25%||$2,000|
|State Bank of India-Chicago||2.37%||$2,500|
|Capital One||1.80%||No minimum|
|Live Oak Bank||2.40%||$2,500|
Earn more with local deals
Fortunately, savers who live in the right place or work for a certain employer can usually outearn the top national rate by shopping local deals.
We’re aware of many credit unions and community banks currently offering 2-year yields that beat the national leaders, including two offers of 2.50% or more. Some are even available nationwide. As always, eligibility requirements apply. So contact the bank or credit union directly to determine if you qualify.
Top Regional 2-Year CD Rates: Credit Unions & Community Banks
|Bank||States||Term (in months)||APY|
|Peoples Transport Federal Credit Union||New Jersey||24||2.00%|
|Self Reliance New York Federal Credit Union||New York||24||2.74%|
|Institution for Savings||Massachusetts||24||1.50%|
|Idaho Central Credit Union||Idaho, Nevada||24||2.30%|
|Advancial Federal Credit Union||Texas, Oklahoma, Louisiana, New Jersey, Alaska||24||2.07%|
|Horizon Credit Union||Washington, Idaho, Montana||26||1.61%|
|Advia Credit Union||Michigan, Wisconsin, Illinois||22||1.60%|
|IH Mississippi Valley Credit Union||Illinois, Iowa||24||1.56%|
|First Service Credit Union||Texas||24||1.75%|
|Sandy Spring Bank||Maryland, Virginia, Washington, D.C.||16||2.00%|
|Service Credit Union||Military affiliation, New Hampshire, Massachusetts||24||2.55%|
Disclaimer: The rates above were gathered September 20, 2019. Before applying, check with the bank or credit union of interest to confirm the offer still stands.