bank rates

Best 24-Month CD Rates Top 1.50%

MetLife Bank offers the top CD rate, but requires a $25,000 minimum deposit.The best nationally available 24-month CD rates will set you back a cool $25,000.

But by sacrificing just five one hundredths of a percentage point, you can get a 2-year CD that yields 1.50% APY for just $1,000.

That’s quite a difference in minimum deposits.

And you’ll still earn more than twice the national average offered by large banks and thrifts.

This was an especially good week for my favorite banks in the 24-month term.

MetLife Bank ( tops our CD Rates Leaderboard with the 1.55% APY it has offered for months. It requires the above-mentioned $25,000 minimum deposit, which is a bit hefty.

Still, I respect this bank for not dropping its CD rates to the basement like so many other banks have in this term.

I won’t mention any names.

OK, I will: Country Bank, Stonebridge Bank and Colorado Federal, I’m looking at you.

Three of my other favorite banks are all offering 1.50% APY, which is the second highest 24-month CD rate:

Hudson City Savings Bank (, which has 130 branches in New Jersey, New York and Connecticut, and requires a $5,000 minimum deposit. (Hudson City has decent rates in three of the six terms I track.)

Bank of Internet USA (, an online bank based in San Diego, Calif., that requires a $1,000 minimum deposit. (Bank of Internet USA scores OK rates in four terms.)

USAA (, a diversified financial company based in San Antonio, that requires a $1,000 minimum deposit. (USAA isn’t one of my favorites yet, as this is the only rate that’s strong enough to track, but I’m optimistic that it could be one day.)

Other 24-month rates in the term’s rankings:

1.48% APY at Aurora Bank (, which has branches in Wilmington, Del., and Jersey City, N.J., and requires a $1,000 minimum deposit.

1.46% APY at Virtual Bank (, which is the online division of Lydian Private Bank, based in Palm Beach, Fla., and requires a $10,000 minimum deposit.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on July 11th at 06:14 am

    USAA has dropped its 24-month rate to 1.45% APY, and Aurora Bank’s rate has slipped slightly to 1.46% APY.