bank rates

2-Year CD Rates Roundup: Earn 1.50% Nationally, 2.25% Locally

24-month CDs


The top nationally available CD is paying 1.61% APY.

That’s from BAC Florida Bank, which is offering 1.61% APY with a $500 minimum.

Capital One 360 and Synchrony Bank, which have been offering great deals on all terms lately, aren’t too far behind.

Both of those banks are offering 1.60% APY.

Of course, there are still some local banks and credit unions offering better deals.

That makes it even more important to shop around thoroughly for the best CD rates.


Here are the Top National 2-Year CD Rates:

Bank Yield Minimum Deposit
BAC Florida Bank 1.61% $1,500
Capital One 360 1.60% $1,000
Synchrony Bank 1.60% $2,000
First Internet Bank of Indiana 1.57% $1,000
State Bank of India – Chicago 1.56% $2,500
State Bank of India – New York 1.51% $5,000
PurePoint Financial  1.50% $10,000
Live Oak Bank 1.50% $2.500
Bank of Baroda 1.50% $1,000

Earn more with local deals

We track more than the best nationally available bank returns.

In fact, we typically find the best rates at community banks and credit unions, which only take deposits from savers who live or work nearby, or are willing to jump through a hoop to become a member.

If you’re in New Jersey, for example, People’s Transport Federal Credit Union is paying 2.25% APY with a minimum of $500.

In addition, shortening or stretching the term by a few months scores you another handful of possibilities, including two deals that are available to savers nationwide.

Rates are on the rise

As for the rest of the nation’s 2-year CDs, today’s national average return of 1.47% APY is certainly higher than it was at this time last year.


The bump in rates resulted from the Federal Reserve’s decision to raise its benchmark interest rate.


So when can we expect the next boost?

The rate committee is meeting next in May, which is when we’ll likely see another bump.

Remember, it’s crucial to shop around. Before you decide on a CD, make sure to shop around thoroughly for the best CD rates.


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