bank rates

Best 24-Month CD Rates Jump to 2.60%

The best 24-month CD rates are a little higher this month, reaching 2.60% APY at the top-paying bank.The best 24-month CD rates are a little higher this month than they were in October.

Last month you could earn 2.40% APY to 2.50% APY with the top-paying, 2-year certificates of deposit. Now you earn from 2.50% APY to 2.60% APY.

That increase came in spite of the fact that the average rate on 24-month CDs fell from 1.43% APY to 1.39% APY — the lowest they’ve been since July 2003.

The best nationally-available deals currently available on 24-month CDs are:

2.60 APY with a minimum deposit of $1,000 from The Jacksonville Bank, with five locations in Jacksonville, Fla.

2.55% APY with a minimum deposit of $50,000 for “Silver CDs” from Frontier Bank, which has 50 branches in Washington and Oregon.

2.50 APY with a $5,000 minimum from Hudson City Bank with dozens of branches in New Jersey, New York and Connecticut. Those in their service area need only a $500 minimum.

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

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