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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 - April 19, 2021

2 Year CD National Average: 0.53% ?

Advertiser Disclosure
BANK APY? MIN?

Early Withdrawal Penalty is all interest earned.

| Mar 30, 2021

These guys are the best local bank. Very responsive.

| Mar 06, 2021

No problems. Easy to open and use. Read More

Warning: Early Withdrawal Penalty is 2% of the account balance.

| Apr 12, 2021

Frustrating. The initial application form is a breeze. Then the problems start. Many hoops to jump through.

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...

| Dec 13, 2019

yes good

| Mar 29, 2021

Not the smoothest website, but good enough and they are staying competitive. I first opened the account 2 years ago after seeing it advertised here and have no had no reason to close. I have had both savin...

| 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...

| 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

| 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

| Mar 11, 2021

Prime Alliance is another one of these tiny Utah banks that sometimes competes for deposit dollars. It is a little strange with all of the limitations on transfers but these limitations are easily defeated...

| 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

| Jan 23, 2021

In terms of service, you cannot do anything online. On every other bank, you can message someone online and get a quick response. You need to call Synchrony and speak with someone in the Philippines. N... 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...

| 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

| Feb 07, 2021

I cannot comment on Bankdirect, but I can comment on the Bask Bank subsidiary. Opening this account to earn AAdvantage miles is the best move I've made in years! I am getting 100,000 frequent flier miles... Read More

| Dec 08, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

| Jun 25, 2020

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

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

| Apr 09, 2021

Unprofessional in every way imaginable.

| Dec 12, 2020

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

| Apr 07, 2021

I have a few million dollars in cash across several online banks. It is not exciting with interest rates so low, but I will take 20 grand or so in interest, even if it is fully taxable over the $5 in inter... Read More

| Jun 25, 2020

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

| 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

| Jun 27, 2020

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

| Jun 25, 2020

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

| Sep 14, 2020

two thumbs up 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

| Dec 11, 2020

I did not like the rate drop yesterday fellas. This went from great to good to average to poor in no time! Read More

Warning: Early withdrawal penalty is 12 months of interest

| Jun 20, 2018

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

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

| Apr 18, 2018

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

| 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

Warning: 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.

| Apr 10, 2021

I opened an account a couple of years ago and had a dreadful experience. I saw two weeks ago that the rate was better than at Citizens so I closed that account for this one. I cannot access my money now or... 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

$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

| 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

| 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

| Mar 11, 2021

Seems to be a different rate depending which site you come from. I guess 0.60% is from BestcashCow, but I saw 0.80% on Magnify. Read More

Ohio Catholic
Restrictions
0.20% $100,000 Learn More
Ohio Catholic
Restrictions
0.15% $500 Learn More

| Apr 10, 2021

This isn't a bank. It is a scam to get your personal information. It should not be listed here. They have no interest in doing business with you. 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

| 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

| 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.