bank rates

Best 24-Month CD Rates Hold At 2.53%

Broadway Federal Bank continues to lead our rankings of the best 24-month CD rates.

Broadway Federal Bank continues to lead our rankings of the best 24-month CD rates

The bank, which has five Los Angeles branches, is paying 2.53% APY with a $1,000 minimum deposit required.

Not only is that twice the national average of 1.12% APY for a 2-year certificate of deposit, it’s a half-point more than the next best nationally available rates.

They are:

2.05% APY with a $2,500 minimum deposit from Tennessee Commerce Bank, with a single location in Franklin, Tenn. Although it recently stopped posting CD rates on its Web site, you can call (877)684-2265 for quotes.

2.03% APY with a $3,000 minimum deposit from NewdominionDIRECT.com, an online bank based in Charlotte, N.C.

Compare these returns with the best CD rates from scores of other banks in our extensive database.

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Comments (2)
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  1. mj burgess said:
    on June 2nd at 10:24 am

    Newer bank in Ft Lauderdale, Broward Bank of Commerce, offering 2 yr CD @2.50% and 5 yr @ 3.30% Advertised in the WSJ.

  2. DealMaven said:
    on June 2nd at 01:28 pm

    Thanks for the tip. Those are pretty good rates, but unfortunately they’re only available to folks who live in the Broward County, Fla. area.

    We generally post rates that all (or most) of our readers can apply for.

    But anytime you see a good rate, please let us know. We’re all about rates and the more information we have, the better.