Top 24-Month CD Rates Fall Below 2.50%

The New Year has begun with the best, nationally available 24-month CD rates falling below 2.50% APY.

Frontier Bank, which has 50 branches in Washington and Oregon, has reduced the return on its top-ranked “Silver CDs” from 2.50% APY to 2.45% APY.

Unfortunately you’ll still need a hefty $50,000 minimum deposit to qualify for that rate.

You can also earn 2.40% with a $25,000 minimum deposit from Frontier, or get the same rate with a $1,000 minimum deposit from two southern banks:

Atlantic Coast Bank, which has 12 full-service branches in southeast Georgia and northeast Florida.

The Jacksonville Bank, with five locations in that Florida city.

Frontier is paying 2.35% on 24-month CDs with a $500 minimum deposit.

Those rates are nearly twice as much as the average return on 2-year certificates of deposit, which ended the year 1.24% APY, down 0.86 points from 2.10% at the start of 2009.

It was the lowest average since the survey began tracking 24-month CD rates in March 1989.

See exactly how much you can make at these rates with our new certificate of deposit calculator.