bank rates

Best 24-Month CD Rates Mix It Up Again

For the second time in as many weeks we’ve seen significant changes in our rankings of the best 24-month CD rates.

Although Melrose Credit Union and NewDominion Bank continue to hold the top spots, you’ll see some For the second time in as many weeks we've seen significant changes in our rankings of the best 24-month CD rates.
new names and lower CD rates right below them.

At this time last year, you could earn 2.50% APY on the top nationally available 2-year certificates of deposit. Now we have to wonder whether 2% returns will be a thing of the past by the time the leaves start turning.

As of late summer, the best 24-month CD rates are:

2.02% APY: with a $5,000 minimum deposit from Melrose Credit Union, with one office in Queens, N.Y. Its unusual open charter allows anyone to join for $1, regardless of where they work or live.

2.00% APY: with a $3,000 minimum deposit from NewDominion Bank, which has offices in Charlotte and Mooresville, N.C.

1.89% APY with a $1,000 minimum deposit from Bank of Internet, an online bank based in San Diego.

1.85% APY with a $1,000 minimum deposit from Atlantic Coast Bank, which has 11 branches in northeast Florida and southeast Georgia.

1.84% APY with a $1,000 minimum deposit from Aurora Bank, with offices in Wilmington, Del., and Jersey City, N.J.

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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2 Existing Comments
  1. Deal Maven said:
    on August 25th at 10:24 am

    We checked the rates on theThe CD Rates Leaderboard for August 24 this morning, and they’re still good. That’s where you can find all the top CD rates.

  2. CardMogul said:
    on August 25th at 11:31 am

    A new report says we’ve cut the amount we owe on our credit cards to the lowest level in more than eight years. The average combined debt for bank-issued credit cards – typically Visa and MasterCards — fell to $4,951 by the end of June, down 13% from the same time last year. Don’t miss this or any of the other new posts on our Personal Finance blog. You can always reach it by clicking on the “Finance” tab at the top of every page.