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% ?
| BANK | APY? | MIN? | ||
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0.75% | $1,000 | Learn More | |
Early Withdrawal Penalty is all interest earned. |
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Jeffinnh | Mar 30, 2021 These guys are the best local bank. Very responsive. |
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0.75% | $1,500 | Learn More | |
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J Finerman | Mar 06, 2021 No problems. Easy to open and use. Read More |
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0.71% | $25,000 | Learn More | |
Warning: Early Withdrawal Penalty is 2% of the account balance. |
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Al | Apr 12, 2021 Frustrating. The initial application form is a breeze. Then the problems start. Many hoops to jump through. |
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0.70% | $1,000 | Learn More | |
Early Withdrawal Penalty is 360 days interest. |
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Jim Plew | 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... |
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0.70% | $1,000 | Learn More | |
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opal@8 | Dec 13, 2019 yes good |
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0.70% | $2,500 | Learn More | |
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AO516 | 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... |
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0.70% | $2,500 | Learn More | |
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JayC | 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... |
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0.70% | $25,000 | Learn More | |
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Savvysaver | 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 |
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0.65% | $5,000 | Learn More | |
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Taykadip | 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 |
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0.60% | $500 | Learn More | |
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Amy2B | 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... |
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0.60% | $1,000 | Learn More | |
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John t. | 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 |
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0.60% | $2,000 | Learn More | |
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Peter C2 | 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 |
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0.60% | $2,500 | Learn More | |
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EBHYT | 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... |
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0.60% | $5,000 | Learn More | |
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CD Matured | 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 |
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0.60% | $10,000 | Learn More | |
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Eldridge D. | 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 |
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0.60% | $10,000 | Learn More | |
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LarryMass | 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 |
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Restrictions |
0.60% | $100,000 | Learn More | |
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Savvysaver | Jun 25, 2020 Sorry, not 1.30% APY. 1.05%, 1.10% for balances above $100k |
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0.56% | $1,000 | Learn More | |
Warning: Early Withdrawal Penalty is the greater of all credited interest or 90 days interest. |
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Jay Riesman | Apr 09, 2021 Unprofessional in every way imaginable. |
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0.55% | $0 | Learn More | |
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EduardoC | Dec 12, 2020 "keeping their savings rate competitive" - they aren't. Read More |
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0.55% | $500 | Learn More | |
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Will Emery | 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 |
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Restrictions |
0.55% | $1,000 | Learn More | |
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Savvysaver | Jun 25, 2020 Sorry, not 1.30% APY. 1.05%, 1.10% for balances above $100k |
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0.55% | $1,000 | Learn More | |
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Savvysaver | 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 |
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0.50% | $500 | Learn More | |
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Savvysaver | Jun 27, 2020 Agree with "Cannot recommend", this is a bricks and mortar bank with a very limited online presence. Read More |
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0.50% | $500 | Learn More | |
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new name for a dreadful bank | Dec 13, 2016 This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service. |
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0.50% | $1,500 | Learn More | |
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Savvysaver | Jun 25, 2020 Nope. As with the CIT quote 1.25% APY is a bit optimistic. Banesco's site offers .90%. |
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0.50% | $2,500 | Learn More | |
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Pjamas | Sep 14, 2020 two thumbs up Read More |
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0.50% | $25,000 | Learn More | |
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SandyB | 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 |
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0.50% | $25,000 | Learn More | |
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jazyGirl | 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 |
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0.45% | $500 | Learn More | |
Warning: Early withdrawal penalty is 12 months of interest |
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Anonymous | Jun 20, 2018 great find Jason, looks like this really was a to good to be true rate Read More |
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0.45% | $1,000 |
Learn More
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0.45% | $1,000 | Learn More | |
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Dudley | Apr 18, 2018 Worst experience of my life. Did not fund and gave $25 to my own charity. Read More |
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0.40% | $0 | Learn More | |
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Rebecca01 | 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 |
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0.40% | $0 | Learn More | |
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WallyC | 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 ... |
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0.40% | $500 |
Learn More
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Early Withdrawal Penalty is 180 days interest. |
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0.40% | $1,000 | Learn More | |
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TrentR | 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 |
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0.40% | $10,000 | Learn More | |
Warning: Early Withdrawal Penalty is 2% of principal. |
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Jeff | 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 |
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0.40% | $10,000 | Learn More | |
Early Withdrawal Penalty is 270 days interest. |
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TulsaGirl01 | 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 |
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0.40% | $100,000 | Learn More | |
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BeccaB-88 | 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 |
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0.35% | $1,000 | Learn More | |
$1,000 minimum deposit to open an account. A penalty may be imposed for early withdrawal. Account fees may reduce your earnings. |
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Eleanor | 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 |
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0.30% | $25,000 | Learn More | |
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aprz | Jul 03, 2019 Just set up an account. Don't know long term yet, however they were (Kelsey) a dream to work with. |
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0.30% | $50,000 | Learn More | |
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Savvysaver | Apr 28, 2020 Party's over, folks. One year CD, minimum $50k now yields just 1.41%. Read More |
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0.25% | $1,000 | Learn More | |
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Joe | 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 |
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0.25% | $2,500 | Learn More | |
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dbestway@gmail.com | 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... |
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0.25% | $10,000 | Learn More | |
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Gustavo L 18 | 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 |
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0.20% | $1,000 | Learn More | |
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h65c | 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 |
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Restrictions |
0.20% | $100,000 |
Learn More
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Restrictions |
0.15% | $500 |
Learn More
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0.15% | $500 | Learn More | |
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Sticking With Better Known Names | 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 |
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0.15% | $1,000 | Learn More | |
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CHow1975 | Nov 18, 2017 This is a decent account until you need to withdraw something and then it is hell on wheels. Read More |
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0.10% | $1,000 | Learn More | |
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Azblondie007 | 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 |
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0.10% | $5,000 | Learn More | |
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Jeremy | Aug 25, 2020 I cannot say that I am too happy about the rate, but the service on this one is excellent. Read More |
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0.10% | $5,000 | Learn More | |
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GAM | Jul 28, 2020 Dropped rates again with restrictive transfer limits and poor service. Better rates and liquidity elsewhere. Beware!!! Read More |
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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.
