bank rates

Earn Up To 1.55% With Top 2-Year CDs

The increase we saw in the top-paying, nationally available 24-month CD seems to have stuck.

Too often over the past few years, we’ve seen rate hikes on our CD Rates Leaderboard come and go far too quickly.

Some have lasted no more than a single day.

But leader ( appears to mean business.

The online division of Citizens State Bank, which has four branches in Florida, continues to pay 1.55% APY with a $1,000 minimum deposit.

That’s four times the average annual yield offered by major banks and thrifts, and a quarter of a percentage point higher than another bank we monitor.

Two banks offer the second-highest rate of 1.27% APY:

ableBanking (, the online division of Northeast Bank, which has 10 branches in Maine, requires a $1,000 minimum deposit.

Nationwide Bank (, an online bank owned by Nationwide Mutual Insurance Co. and its affiliates, requires a $500 minimum deposit.

Six banks now pay the third-highest rate of 1.25% APY:

BankDirect (, the online division of Texas Capital Bank, which has 12 locations in Texas, requires a $10,000 minimum deposit.

CIT Bank (, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, requires a $25,000 minimum deposit for its RampUp Plus CD, which allows you to both raise the rate and add to your deposit once during the term.

Colorado Federal Savings Bank (, an online bank based in Greenwood Village, Colorado, requires a $5,000 minimum deposit.

First Internet Bank of Indiana (, an online bank located in Indianapolis, requires a $1,000 minimum deposit.

NexBank ( is a division of NexBank Capital Inc. It has a single branch in Dallas and requires a $10,000 minimum deposit.

Salem Five Direct (, the online division of Salem Five Bank, which has 29 branches just north of Boston, requires a $10,000 minimum deposit.

We currently track nationally available rates from 24 banks. Follow the daily changes to the best 2-year CD rates.

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 CD rates from scores of banks in our extensive database.

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