bank rates

Shake Up In Rankings Of 2-Year CD Rates

Hudson City Savings Bank had the second-best deal in the country on 24-month certificates of deposit until it cut its return from 2.00% APY to 1.75% APY yesterday.

Hudson City Savings Bank had the second-best deal in the country on 24-month CDs until it cut its return from 2.00% APY to 1.75% APY yesterday.While that’s still far more than most banks are paying, it’s no longer enough to keep the New York-area bank at the top of our rankings of the best 2-year CD rates.

After taking a couple of other changes into account, here’s our latest look at the top nationally available rates:

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 and buy CDs, 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.

1.90% APY with a $500 minimum deposit from Stonebridge Bank, with four branches in southeast Pennsylvania.

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

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

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

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Comments (5)
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5 Existing Comments
  1. Jen Stryker said:
    on August 10th at 09:48 am

    The financial industry’s final push to get customers to opt in to overdraft protection is targeting checking account holders who have paid lots of overdraft fees in the past. The deadline for banks and credit unions to get you to enroll in overdraft protection is Sunday, or they must stop allowing you to overdraw your account – and slapping you with big fees for doing so. Our advice remains the same: Do not agree to overdraft protection, no matter how many times it’s pitched to you. Don’t miss this or any of the other new posts on our Personal Finance blog. You can always reach it by clicking on the “Finance” tab at the top of every page.

  2. RateRunner said:
    on August 10th at 10:01 am

    Georgia Primary Bank continues to offer Atlanta savers a 24-month certificate of deposit that beats the best nationally available CDs. It’s paying 2.15% APY with a very reasonable $1,000 minimum deposit.

  3. DealMaven said:
    on August 10th at 10:08 am

    We’ve checked all of the rates this morning, and there are no changes to make in The CD Rates Leaderboard For August 9. The info is still good.

  4. DealMaven said:
    on August 12th at 09:35 am

    The CD Rates Leaderboard For August 9 is still good. An early morning survey found rates unchanged today.

    .

  5. DealMaven said:
    on August 13th at 10:16 am

    Just so you know…Stonebridge Bank dropped its rate on the 2-year CD to 1.80% APY from 1.90% APY. But it still pays 1.90% on a 30-month CD. Colorado Federal Savings followed suit. It’s also now paying 1.80% on its 2-year CD.