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
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.