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Online CD Rates 2021 – 2-Year CDs

Two Year Certificates of Deposit (CD) rates from online banks are often above average if you are willing to open and manage your account using the Internet. Most online banks offer an online application and money can be transferred to fund the CD via an electronic transfer, check, wire, or credit card. To view rates for other CD terms, click the tabs above.

Highest Two-Year Online CD Rates - January 22, 2021

2 Year CD National Average: 0.54% ?

Advertiser Disclosure
BANK APY? Vs.
Nat'l
Av.
MIN?

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

| Jan 05, 2021

i went to open an account. I discovered the bank is based in Tennessee. TNs two senators are voting to decertify the election. I will not open an account here and neither should you. I wish the bank were...

Minimum deposit to open is $1,000. Terms from 6 months to 5 years Free online banking to view balances Available interest payment options Penalty for early withdrawal may apply

| Jan 20, 2021

Was rejected for acct from NYC.

| Jan 14, 2021

Easiest account set-up process ever. Read More

| Jun 25, 2020

Ok, GFB's site a bit more compliant today. Unfortunately the rate posted here is not current. 1.05% and look at that minimum! Read More

Warning: Early withdrawal penalty equals one year of interest.

| Dec 23, 2020

I aborted transaction a couple of weeks ago because got concerned about look-and-feel and responsiveness of website, and I have been getting spammed nonstop since then. The spamming is coming not just from...

Early Withdrawal Penalty is 360 days interest.

| Apr 22, 2015

Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do no...

| Sep 03, 2020

This is the best bank on the list. Great service, competitive rates, no problems.

| Jun 25, 2020

Sorry, not 1.30% APY. 1.05%, 1.10% for balances above $100k

| Jun 25, 2020

Sorry, not 1.30% APY. 1.05%, 1.10% for balances above $100k

| Jun 25, 2020

Nope. As with the CIT quote 1.25% APY is a bit optimistic. Banesco's site offers .90%.

| Oct 03, 2020

I cannot overstate how incompetent Synchrony is. Even though I called multiple times before my CD was coming due to indicate that I didn't want it to autorenew, they autorenewed it. This could only have b... Read More

| Dec 10, 2019

My CD matured and they sent the money back. I am not getting a new CD now since rates are too low. I just wanted to say that the people were absolutely wonderful to deal with. Read More

| Jan 04, 2020

I am surprised at all the negative reviews. I have had several large CDs at this bank for several years, and I've gotten the best customer service I've ever gotten at any bank in the last 45 years. Read More

Merrick Bank
0.65% 1.21x $25,000 Learn More

| Dec 12, 2020

"keeping their savings rate competitive" - they aren't. Read More

| Jun 27, 2020

Agree with "Cannot recommend", this is a bricks and mortar bank with a very limited online presence. Read More

| Apr 17, 2020

I have had a CD and passbook for a year or so and have had decent enough service and return. Can't complain.

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

| Sep 30, 2020

Website hasn't been working for over a week now. Just great how they manage to go down as rates start to fall. :) I am so very done with this nonsense. Read More

| Jun 25, 2020

I can tell you nothing of this bank. I can tell you the rate posted here is incorrect (FIFTH one today!) I only wish I could review BestCashCow. Read More

| Aug 04, 2020

Sallie Mae is going to absolutely be the right bank for you if you enjoy calling during normal business hours and speaking with a automated voice response system that gives you no information and refuses t...

| Oct 17, 2020

Is it possible to covert to this 0.75% account from Bask? I am not using airmiles during the pandemic. Read More

| Jan 15, 2021

Marcus really doesn't disappoint. Great customer service. I could be angry about the rate but look at this other brands. Read More

| Dec 13, 2016

This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.

| Sep 14, 2020

two thumbs up Read More

| Jan 03, 2021

This is the worst online banking I have seen. Without any warning they restricted access to withdrawals to $1000. Representative said they implemented on ALL accounts for ALL customers due to “fraud”... Read More

| Aug 25, 2020

Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure! Read More

| Jun 20, 2018

great find Jason, looks like this really was a to good to be true rate Read More

| Jul 24, 2020

Went to renew a cd at branch in Jacksonville Fl , on main street, they said I would have to keep driving around building , if any cars came in behind me. They have 2 drive throughs and wouldn't open other... Read More

OneWest Bank, a division of CIT Bank
0.45% 0.84x $1,000 Learn More

| Aug 03, 2020

There is a lot to like about this account. American Express is a real organization and you are not playing with a bunch of amateurs like with a lot of these banks. However, they will be sure to lower the ... Read More

| Dec 11, 2020

All the good reviews on this site are planted by the bank. This is the worst. It used to be good and the transfer speed is good. Still they lower their rates below anyone else and do it without the notice ...

Early Withdrawal Penalty is 180 days interest.
$1,000 minimum deposit to open an account. A penalty may be imposed for early withdrawal. Account fees may reduce your earnings.

| Jan 04, 2021

The rate is 0.25% on balances under $300,000. Nobody in their right mind is going to go over $250,000 in this bank. Bestcashcow should remove it. Read More

Warning: Early Withdrawal Penalty is the greater of all credited interest or 90 days interest.

| Dec 05, 2019

No

Early Withdrawal Penalty is 2% of principal.

| Dec 26, 2018

I think it is 1% on 1-year CDs and 2% on anything between 1 and 4 years. Not great, but not the worst I have seen. Read More

Early Withdrawal Penalty is 270 days interest.

| Dec 03, 2019

Awful bank, offer you a high savings rate, then drop Ong the rate so rapidly. Read More

| Jul 21, 2020

Opened account a month ago. I've already seen the rate fall a couple of times, but have no other complaints. Easy process and a clear easy to use site (unlike Ally where I was before). Read More

Ohio Catholic
Restrictions
0.40% 0.74x $100,000 Learn More

| Dec 13, 2019

yes good

Ohio Catholic
Restrictions
0.35% 0.65x $25,000 Learn More
Ohio Catholic
Restrictions
0.30% 0.56x $500 Learn More

| Jul 03, 2019

Just set up an account. Don't know long term yet, however they were (Kelsey) a dream to work with.

| Apr 28, 2020

Party's over, folks. One year CD, minimum $50k now yields just 1.41%. Read More

| Jan 05, 2021

AVOID! Sneakers play games and take your money in fees and you'll end up earning much much less than Marcus or Ally. Read More

| Dec 05, 2020

I know rates are variable, at their discretion*, but in the time frame of 9 months their rates have dropped to 1/3 of what they were ! is that what some call a teaser rate in the beginning ??? Read More

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines...

| Feb 28, 2020

Purepoint is great. Only Citizens Access is better and I've had all of these. I have nothing to gain by saying this, but I would opt for Purepoint when the rates are comparable. Read More

$1,000 minimum amount to open an account No setup or maintenance fees Additional deposits are permitted during the term of the CD. •Interest is earned daily, credited and compounded monthly. •Interest begins to accrue on the business day you deposit cash and non-cash items. •The interest rate will be paid until the maturity date of your certificate. •The account will automatically renew at maturity. You will have 10 calendar days (grace period) after the maturity date to withdraw your funds without being charged a penalty. •No withdrawals from this account may be made without penalty until the maturity date. •A penalty may be imposed for withdrawals before maturity: --For CD’s with terms of less than twelve months, we may impose a penalty equal to three months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty. --For CD’s with terms equal to or greater than twelve months, we may impose a penalty equal to six months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.

| Jan 04, 2021

I am very upset. This was advertised on this site or some other site. It was impossible to get the account opened. When I reached people on the phone, they were nasty. Now the rate is lower and I cannot ge... Read More

| Nov 18, 2017

This is a decent account until you need to withdraw something and then it is hell on wheels. Read More

| Aug 25, 2020

I cannot say that I am too happy about the rate, but the service on this one is excellent. Read More

| Jul 28, 2020

Dropped rates again with restrictive transfer limits and poor service. Better rates and liquidity elsewhere. Beware!!! Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

PRODUCT INFORMATION

Two Year CDs - Online Banks 2021

Two year certificates of deposit provide a saver with a fixed rate for two years in return for a commitment for keeping the money in the bank during that period. If the CD is "broken" and the funds are taken out earlier, banks assess a substantial penalty. A depositor should only invest in a two year CD if they do not need the money for the term of the CD. All two year CDs listed on BestCashCow are FDIC insured.

Online banks often offer rates that are higher than a CD from a branch-based bank. An individual who is comfortable banking and managing their money online may find an online bank to be a good choice. But before opening an account, it is wise to research the following questions:

  • How long does it take to open a CD and when is the rate locked?
  • How can the account be funded? More sophisticated banks provide an electronic means of funding while less sophisticated rely on sending a check via the mail.
  • How is the consumer notified when their CD is nearing maturity?
  • How can the funds be withdrawn once the CD has matured?
  • Is there an advantage to 2-Year Certificate of Deposit over Online Savings Accounts?

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.