bank rates

OneWest Now Leads In 2-Year CD Rates

OneWest Bank is starting the week as our new leader in 24-month CD rates.

The bank, which has 82 branches in southern California, is paying 1.70% APY with a $1,000 minimum deposit.
The southern California bank is paying 1.70% APY with a $1,000 minimum deposit.

Melrose Credit Union in New York is continuing to pay 1.66% APY with a $5,000 minimum deposit and drops to the second spot.

This is the fourth lead change in the past week, and the fifth this month, in our rankings of the best nationally available 2-year certificates of deposit.

But despite all of the turmoil, the top return has slid only a little during that time, starting December at 1.76% APY.

The next best nationally available 24-month CD rates are:

1.65% APY with a $500 minimum deposit from Country Bank, which has 14 branches in central Massachusetts.

1.65% APY with a $500 minimum deposit from Stonebridge Bank, which has four branches in suburban Philadelphia.

1.60% APY with a $5,000 minimum deposit from Colorado Federal Savings Bank, an online bank based in Greenwood Village, Colo.

1.60% APY with a $2,500 minimum deposit from Discover Bank, an online bank owned by the credit card company.

1.60% APY with a $1,000 minimum deposit from Bank of Internet, an online bank based in San Diego, Calif.

These banks and credit unions qualify for our rankings by imposing no restrictions on who can buy their CDs either online or through the mail.

Melrose is one of the few credit unions that qualify for our rankings because its unique charter allows anyone to join for only $1, regardless of where they live or work. (You will also be required to hold at least $25 in a savings account.)

See how these returns compare with CD rates from scores of other banks in our database.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (0)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 5.00 out of 5)
Loading...
No Existing Comments

Comments are closed.