Bank Boosts 2-Year CD Rates Above 3%

It’s been three months since any bank paid 3% on a nationally-available 24-month certificate of deposit.

But Broadway Federal Bank in Los Angeles is now offering 3.05% APY with a $1,000 minimum deposit.

That’s far better than the 2.65% APY the top-paying banks were offering in our last survey of the best 24-month CD rates just a couple of weeks ago.

It’s even better than most banks are paying on 36-month certificates of deposit.

This rate is open to residents of all 50 states, but it isn’t available at Broadway Federal’s five L.A. branches. You have to sign-up online.

Click here to compare Broadway Federal’s CD rates with the best CD rates from dozens of other banks in our extensive database.