bank rates

Leading 24-Month CD Rates Still At 2%

You can still earn 2% with the best nationally available 24-month CD rates.

We weren't sure that would be the case after banks lopped more than half-a-point off the top yields on these certificates of deposit in early June. We weren’t sure that would be the case after banks lopped more than half-a-point off the top yields on these certificates of deposit in early June. It looked like the days of 2% returns on 2-year CDs were numbered.

But Melrose Credit Union, located in Queens, N.Y., continues to offer 2.02% APY with a $5,000 minimum deposit from

Unlike most credit unions, Melrose has an open charter that allows all U.S. residents to join, regardless of where they live or what they do for a living. As a result, this rate is available online to all savers.

The number of banks paying 2.00% APY has actually held at four over the past couple of weeks:

American Express Bank, the credit card company’s online bank, with no minimum deposit.

Bank of Internet, an online bank based in San Diego, Calif., which requires a $1,000 minimum deposit.

Stonebridge Bank, in West Chester, Pa., with four branches in southeast Pennsylvania, requires a $500 minimum deposit.

Hudson City Savings Bank, which requires a $5,000 from online applicants, but only $500 for in-person purchases at any of its New York, New Jersey or Connecticut branches.

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

Or use our CD calculator to see how much you can make with these offers.

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  1. RateRunner said:
    on July 6th at 10:00 am

    Here are a couple of local deals on 24-month certificates of deposit that are still available. Habib American Bank continues to offer 2.50% APY at its two, Los Angeles-area branches and 2.25% APY at its New York-area branches.That’s more than you can earn with the best nationally available 2-year CDs.