bank rates

Best 24-Month CD Rates Hold At 2.50%

The best 24-month CD rates didn’t change over the past month even though the average return on 2-year certificates of deposit plunged to record lows.

The top rates in September ranged from 2.50% APY to 2.40% APY, exactly the same as in our new, October rankings.

CD rates on the top-paying 24-month certificates of deposit did not decline over the past month.The best nationally available deals on 24-month CDs are:

2.50% APY with a minimum deposit of $5,000 from Hudson City Savings Bank. The minimum falls to $500 minimum if you live near one of Hudson City’s branches in New Jersey, New York and Connecticut.

2.50% APY with a minimum deposit of $50,000 for “Silver CDs” from Frontier Bank, which has 50 branches in Washington and Oregon, or…

2.40% APY with a minimum deposit of $500 from Frontier Bank.

2.40% APY with a minimum deposit of $1,000 from Equity Bank, which has three locations in Dallas, Texas.

Click here to compare these deals with the best CD rates from dozens of other banks in our extensive database.

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Comments (4)
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4 Existing Comments
  1. Mary Ann said:
    on October 12th at 11:15 am

    Has anyone had any experience with Capital Institute? They offer 12% for a 3 month CD. Just inquiring.

  2. RateRunner said:
    on October 12th at 02:44 pm

    Capital Institute is based in Mexico and operates more like a pawn shop than a typical bank. It’s a legitimate business, but there are some serious risks involved for anyone buying its CDs. It was known as Capital Bank when we first wrote about it.

  3. Monica Knott said:
    on October 14th at 11:21 am

    I doubt that this strange bank is FDIC insured.

  4. RateRunner said:
    on October 17th at 08:49 am

    Capital Institute is definitely not FDIC insured. Take a look at the post.