Indiana

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CD Rates – 2-Year – Indianapolis, Indiana

You are viewing local cd rates from banks around: Indiana, IN 10007





Below are two-year Certificates of Deposit (CD) rates from banks located within 8 miles of the zip code above. Two-year CDs generally offer a higher rate than 1-year CDs but require a longer commitment. Depending on the economy, longer term CDs may or may not offer more premium as the term increases. If you expect rates on bank products to drop, can afford to lock the money away, and feel you are receiving enough premium for the time commitment, then longer-term CDs may be appropriate.

Indianapolis, IN - July 30, 2025

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Flex index CD. Based on Prime minus 2.75%. Subject to change anytime.
Rate History: 5.92% → 5.65% → 5.92% → 5.13% → 4.86%

| Dec 12, 2022

Developed buyers remorse after they stopped raising the rate and switched to Brilliant. Read More

Early Withdrawal Penalty is 270 days interest.
Rate History: 4.10% → 4.20% → 4.15% → 4.05% → 4.15%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Rate History: 4.50% → 4.20% → 4.05% → 3.75% → 4.00%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 4.34% → 4.00% → 4.00% → 4.21% → 4.00%

| Mar 21, 2023

Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More

Early Withdrawal Penalty is 360 days interest.
Rate History: 4.50% → 4.35% → 3.92% → 3.93% → 3.82%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

| Nov 18, 2023

bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest. Read More

Rate History: 3.50% → 3.50% → 3.75% → 3.50%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Rate History: 5.00% → 4.00% → 3.50% → 2.00% → 3.00%

| Nov 12, 2018

Helpful w/$ Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.00% → 3.90% → 3.80% → 3.50% → 2.75%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

Rate History: 3.25% → 2.75% → 2.50% → 2.25%

Rate History: 1.00% → 1.55% → 2.25% → 3.50% → 2.25%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

Rate History: 3.00% → 2.50% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

0.75%

$10,000

13.50

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Rate History: 0.70% → 0.65% → 0.70% → 0.65% → 0.70%

| Mar 21, 2020

Well here comes good old Union Savings the absolute worst bank to deal with in the world again today. We have no money coming in right now so we did not send in the mortgage payment yet because our family ... Read More

0.65%

$10,000

24.55

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0.50%

$500

12.55

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0.50%

$10,000

16.54

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0.45%

$100,000

10.85

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| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

0.35%

$10,000

18.99

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0.30%

$10,000

18.99

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0.28%

$100,000

16.31

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| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

0.25%

$10,000

24.69

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0.25%

$10,000

16.31

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0.22%

$100,000

13.29

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| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

| Sep 6, 2022

DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More

| Jul 18, 2021

I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More

0.20%

$10,000

10.33

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0.20%

$10,000

13.34

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0.20%

$10,000

16.34

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| Sep 6, 2022

DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More

0.15%

$10,000

15.58

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0.15%

$10,000

20.46

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0.12%

$10,000

13.29

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0.07%

$1,000

19.95

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Rate History: 0.03% → 0.05%

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

Branches Info around zip 10007


Branch Street City State
Merchants Bank of Indiana
Merchants Bank Of Indiana Carmel Off Branch
11590 North Meridian Street Carmel IN
First Internet Bank of Indiana
First Internet Bank Of Indiana Branch
11201 Usa Parkway Fishers IN
Merchants Bank of Indiana
Merchants Bank Of Indiana Carmel Off Branch
11590 North Meridian Street Carmel IN
Fifth Third Bank, National Association
Avon Banking Center Branch
10595 E. U.S. Highway36 Avon IN
Lake City Bank
Indianapolis North Branch
100 W 96th St Indianapolis IN
Woodforest National Bank
0227 Brownsburg Indiana Walmart Bran Branch
400 West Northfield Drive Brownsburg IN
JPMorgan Chase Bank, National Association
East Avon Banking Center Branch
9246 East U.S. Highway 36 Avon IN
Centier Bank
Carmel Branch
568 East Carmel Drive Carmel IN
United Fidelity Bank, fsb
Carmel City Center Branch
715 Hanover Place Carmel IN
Greenfield Banking Company
Cumberland Branch
12140 East Washington Street Cumberland IN
Union Savings Bank
Indianapolis Branch
5881 E. 82nd St Indianapolis IN
First Bank Richmond
Shelbyville Branch
1835 Marketplace Blvd Shelbyville IN
Stock Yards Bank & Trust Company
Carmel, In Branch
11450 N. Meridian Street Carmel IN
Union Savings and Loan Association
Greenfield Branch
1986 West Main Street Greenfield IN
Lake City Bank
Indianapolis North Branch
100 W 96th St Indianapolis IN
Horizon Bank
Bargersville Branch
Three Notch Lane Bargersville IN
Horizon Bank
Bargersville Branch
Three Notch Lane Bargersville IN
Hendricks County Bank and Trust Company
Hendricks County Bank And Trust Comp Branch
1 East Main Street Brownsburg IN
First Federal Savings and Loan Association of Greensburg
Shelbyville Branch
25 Public Square Shelbyville IN
Hendricks County Bank and Trust Company
Hendricks County Bank And Trust Comp Branch
1 East Main Street Brownsburg IN
The National Bank of Indianapolis
West Carmel/Zionsville Branch
10590 North Michigan Road Carmel IN
First Merchants Bank
Avon Branch
7648 East Us Hwy 36 Avon IN
Old National Bank
Avon Branch
7517 Beechwood Road Ste 300 Avon IN
STAR Financial Bank
North Meridian Branch
9102 N Meridian St., Suite 101 Indianapolis IN
Citizens State Bank of New Castle, Indiana
Carmel In Branch
902 South Rangeline Road Carmel IN
First National Bank
Plainfield Branch
101 West Main Street Plainfield IN
First Merchants Bank
Avon Branch
7648 East Us Hwy 36 Avon IN
First Financial Bank
Avon Branch
9554 E Us Highway 36 Avon IN
Mutual Savings Bank
Otterbein Franklin Branch
1070 West Jefferson Street Franklin IN
The National Bank of Indianapolis
West Carmel/Zionsville Branch
10590 North Michigan Road Carmel IN
State Bank
Pittsboro Branch
35 South Maple Street Pittsboro IN
Regions Bank
Mooresville Branch
1000 Hadley Road Mooresville IN
Regions Bank
Mooresville Branch
1000 Hadley Road Mooresville IN
Fifth Third Bank, National Association
Avon Banking Center Branch
10595 E. U.S. Highway36 Avon IN


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PRODUCT INFORMATION

Two Year CDs - Branch Banks 2025

Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate of return during that period. All two year CDs shown on BestCashCow are FDIC insured.

While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double. As a result, a depositor should think about whether the extra rate is worth the extra time commitment.

In general, if rates are rising, it makes sense not to lock up money for an extended period of time.

If rates are falling, then it makes sense to put money into a longer-term instrument to lock-in a higher rate.

Many find opening CDs at local bank is often easier than online. In a branch, a depositor can sign CD documents and initiate a CD in person, and can often get it done faster than mailing a check or initiating a wire transfer in order to get their money to an online bank. Many also appreciate the opportunity to interact face to face with a real human being as opposed to by phone or instant messaging.

The advantages of a two year branch CD are:

  • A higher rate than 12 month CDs in return for leaving the money in the bank longer.
  • A fixed rate during the 24 month period.
  • A generally higher rate for the same term than what can be found in a branch-based bank.
  • FDIC insurance.
  • Convenience of opening and managing the CD online.

The disadvantages of a two year branch CDs are:

  • Rates are generally lower than on the top online savings and CD accounts.
  • Money is tied up for two years. Removing it early results in significant penalties.
  • Opening online can often take several days. Problems must be handled online or via the phone as there is no branch.

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.

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