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 - March 31, 2020
2 Year CD National Average: 0.80% ?
| BANK | APY? | Vs. Nat'l Av. |
MIN? | |
|---|---|---|---|---|
|
|
2.02% | 2.52x | $25,000 | |
|
|
1.95% | 2.43x | $10,000 | |
|
|
1.90% | 2.37x | $0 | |
|
|
1.85% | 2.30x | $0 | |
|
|
1.85% | 2.30x | $500 | |
|
|
1.75% | 2.18x | $2,500 | |
|
Restrictions |
1.70% | 2.12x | $1,000 | |
|
|
1.65% | 2.05x | $1,500 | |
|
|
1.60% | 1.99x | $1,000 | |
|
|
1.60% | 1.99x | $1,000 | |
Warning: Early withdrawal penalty equals two years of interest. |
||||
|
|
1.60% | 1.99x | $25,000 | |
|
|
1.50% | 1.87x | $0 | |
|
|
1.50% | 1.87x | $500 | |
Early Withdrawal Penalty is 180 days interest. |
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|
|
1.50% | 1.87x | $2,000 | |
|
|
1.50% | 1.87x | $2,500 | |
|
|
1.50% | 1.87x | $2,500 | |
|
|
1.50% | 1.87x | $5,000 | |
|
|
1.50% | 1.87x | $5,000 | |
|
|
1.45% | 1.81x | $0 | |
|
|
1.45% | 1.81x | $10,000 | |
|
|
1.41% | 1.76x | $1,000 | |
Early Withdrawal Penalty is 360 days interest. |
||||
|
|
1.40% | 1.74x | $500 | |
|
|
1.40% | 1.74x | $1,000 | |
|
|
1.31% | 1.63x | $175,000 | |
|
|
1.30% | 1.62x | $2,500 | |
|
|
1.30% | 1.62x | $25,000 | |
|
|
1.25% | 1.56x | $1,000 | |
|
|
1.25% | 1.56x | $1,000 | |
Warning: Early Withdrawal Penalty is the greater of all credited interest or 90 days interest. |
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|
|
1.25% | 1.56x | $100,000 | |
|
|
1.20% | 1.49x | $1,000 | |
|
|
1.20% | 1.49x | $1,000 | |
|
|
1.10% | 1.37x | $1,000 | |
|
|
1.10% | 1.37x | $1,000 | |
|
|
1.05% | 1.31x | $10,000 | |
Early Withdrawal Penalty is 2% of principal. |
||||
|
|
1.01% | 1.26x | $10,000 | |
|
|
1.00% | 1.25x | $500 | |
|
|
1.00% | 1.25x | $25,000 | |
|
|
0.95% | 1.18x | $1,000 | |
|
|
0.95% | 1.18x | $10,000 | |
Early Withdrawal Penalty is 270 days interest. |
||||
|
|
0.95% | 1.18x | $10,000 | |
|
Restrictions |
0.75% | 0.93x | $100,000 | |
|
Restrictions |
0.70% | 0.87x | $500 | |
|
|
0.60% | 0.75x | $500 | |
|
|
0.40% | 0.50x | $1,000 | |
|
|
0.15% | 0.19x | $1,000 | |
|
|
0.15% | 0.19x | $1,000 | |
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:
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.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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