You are viewing local cd rates around: New York, NY 10007


CD Rates – 2 Year

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.

New York, NY - February 9, 2016

2 Year CD National Average : 0.57% ?

Bank APY MIN MILES ?
Mercantil Commercebank, National Association 1.50% $10,000 3.47 Learn MoreShow Less
Savoy Bank 1.35% $2,000 3.57 Learn MoreShow Less
Quontic Bank 1.31% $1,000 5.44 Learn MoreShow Less
Hsbc Bank Usa, National Association 1.25% $1,000 1.65 Learn MoreShow Less
The Berkshire Bank 1.25% $10,000 0.75 Learn MoreShow Less
Country Bank 1.25% $1,000 3.03 Learn MoreShow Less
Hsbc Bank Usa, National Association 1.25% $1,000 0.07 Learn MoreShow Less
Sterling National Bank 1.23% $100,000 0.17 Learn MoreShow Less
Sterling National Bank 1.21% $2,500 0.17 Learn MoreShow Less
The Berkshire Bank 1.20% $10,000 0.75 Learn MoreShow Less
Emigrant Bank 1.15% $1,000 3.02 Learn MoreShow Less
Manufacturers And Traders Trust Company 1.15% $500 2.20 Learn MoreShow Less
Spring Bank 1.15% $1 6.53 Learn MoreShow Less
Ponce De Leon Federal Bank 1.10% $1,000 4.34 Learn MoreShow Less
Apple Bank For Savings 1.10% $1,000 0.15 Learn MoreShow Less
Eastbank, National Association 1.10% $2,500 0.49 Learn MoreShow Less
First American International Bank 1.10% $100,000 0.56 Learn MoreShow Less
Ponce De Leon Federal Bank 1.10% $1,000 1.94 Learn MoreShow Less
Shinhan Bank America 1.10% $1,000 2.50 Learn MoreShow Less
First Central Savings Bank 1.10% $500 5.04 Learn MoreShow Less
Santander Bank, N.a. 1.01% $500 1.69 Learn MoreShow Less
Connectone Bank 1.01% $500 4.88 Learn MoreShow Less
Alma Bank 1.01% $2,500 4.87 Learn MoreShow Less
Bnb Hana Bank, National Association 1.01% $500 2.49 Learn MoreShow Less
Connectone Bank 1.01% $500 3.68 Learn MoreShow Less
Santander Bank, N.a. 1.01% $500 0.19 Learn MoreShow Less
Indus American Bank 1.00% $2,000 3.35 Learn MoreShow Less
Valley National Bank 1.00% $500 1.84 Learn MoreShow Less
Bbcn Bank 1.00% $1,000 2.52 Learn MoreShow Less
Valley National Bank 1.00% $500 0.27 Learn MoreShow Less
First American International Bank 1.00% $500 0.56 Learn MoreShow Less
Santander Bank, N.a. 1.00% $100,000 0.19 Learn MoreShow Less
Wilshire Bank 0.95% $1,000 2.52 Learn MoreShow Less
Banco Popular North America 0.90% $10,000 1.09 Learn MoreShow Less
United Orient Bank 0.85% $500 0.50 Learn MoreShow Less
Kearny Bank 0.85% $500 3.77 Learn MoreShow Less
Crown Bank 0.80% $1,000 4.53 Learn MoreShow Less
Global Bank 0.80% $1,000 0.57 Learn MoreShow Less
Cathay Bank 0.80% $100,000 0.48 Learn MoreShow Less
Bank Leumi Usa 0.80% $10,000 3.28 Learn MoreShow Less
Amerasia Bank 0.76% $2,500 7.03 Learn MoreShow Less
Bcb Community Bank 0.75% $500 1.63 Learn MoreShow Less
Oritani Bank 0.75% $1,000 3.12 Learn MoreShow Less
New York Community Bank 0.75% $500 5.69 Learn MoreShow Less
Ridgewood Savings Bank 0.75% $500 2.12 Learn MoreShow Less
New York Community Bank 0.75% $500 2.68 Learn MoreShow Less
Astoria Bank 0.75% $500 2.49 Learn MoreShow Less
Amalgamated Bank 0.70% $500 0.63 Learn MoreShow Less
Cathay Bank 0.70% $2,500 0.48 Learn MoreShow Less
Empire State Bank 0.65% $1,000 6.50 Learn MoreShow Less
New York Commercial Bank 0.65% $500 0.38 Learn MoreShow Less
New York Community Bank 0.65% $500 2.68 Learn MoreShow Less
Northeast Community Bank 0.65% $500 2.13 Learn MoreShow Less
Modern Bank, National Association 0.65% $100,000 3.69 Learn MoreShow Less
Banco Popular North America 0.60% $10,000 3.30 Learn MoreShow Less
Abacus Federal Savings Bank 0.60% $1,000 0.28 Learn MoreShow Less
Industrial And Commercial Bank Of China (usa), National Association 0.60% $100,000 0.49 Learn MoreShow Less
Modern Bank, National Association 0.60% $10,000 3.69 Learn MoreShow Less
Israel Discount Bank Of New York 0.60% $100,000 3.06 Learn MoreShow Less
East West Bank 0.60% $10,000 0.44 Learn MoreShow Less
Industrial And Commercial Bank Of China (usa), National Association 0.50% $2,500 0.49 Learn MoreShow Less
Ctbc Bank Corp. (usa) 0.50% $100,000 3.36 Learn MoreShow Less
Gibraltar Private Bank & Trust Co. 0.50% $1,000 3.34 Learn MoreShow Less
The Provident Bank 0.45% $500 1.63 Learn MoreShow Less
Bank Of The Ozarks 0.45% $1,000 3.21 Learn MoreShow Less
Mercantil Commercebank, National Association 0.45% $10,000 3.47 Learn MoreShow Less
City National Bank Of New Jersey 0.45% $500 6.73 Learn MoreShow Less
Investors Bank 0.45% $500 1.81 Learn MoreShow Less
Pnc Bank, National Association 0.40% $100,000 1.89 Learn MoreShow Less
Northfield Bank 0.40% $2,500 5.47 Learn MoreShow Less
Ctbc Bank Corp. (usa) 0.40% $1,500 3.36 Learn MoreShow Less
Sussexbank 0.40% $1,000 6.04 Learn MoreShow Less
People's United Bank, National Association 0.40% $2,500 1.87 Learn MoreShow Less
The Suffolk County National Bank Of Riverhead 0.40% $1,000 4.26 Learn MoreShow Less
The Bridgehampton National Bank 0.35% $2,500 3.50 Learn MoreShow Less
Pnc Bank, National Association 0.30% $10,000 1.89 Learn MoreShow Less
Carver Federal Savings Bank 0.30% $1,000 2.58 Learn MoreShow Less
Citibank, National Association 0.25% $10,000 0.12 Learn MoreShow Less
Chinatown Federal Savings Bank 0.25% $500 0.54 Learn MoreShow Less
Keybank National Association 0.25% $100,000 2.02 Learn MoreShow Less
Capital One, National Association 0.20% $1,000 2.13 Learn MoreShow Less
Santander Bank, N.a. 0.20% $10,000 1.69 Learn MoreShow Less
Capital One, National Association 0.20% $1,000 0.06 Learn MoreShow Less
Wells Fargo Bank, National Association 0.16% $1 1.43 Learn MoreShow Less
Wells Fargo Bank, National Association 0.16% $1 0.55 Learn MoreShow Less
Wells Fargo Bank, National Association 0.15% $10,000 1.43 Learn MoreShow Less
Wells Fargo Bank, National Association 0.15% $10,000 0.55 Learn MoreShow Less
Manufacturers And Traders Trust Company 0.15% $1,000 2.20 Learn MoreShow Less
City National Bank 0.15% $2,500 3.18 Learn MoreShow Less
Keybank National Association 0.15% $10,000 2.02 Learn MoreShow Less
Hsbc Bank Usa, National Association 0.10% $1,000 1.65 Learn MoreShow Less
Bank Of America, National Association 0.10% $10,000 1.60 Learn MoreShow Less
Hsbc Bank Usa, National Association 0.10% $1,000 0.07 Learn MoreShow Less
Manufacturers And Traders Trust Company 0.10% $1,000 2.20 Learn MoreShow Less
Bank Of America, National Association 0.10% $10,000 0.08 Learn MoreShow Less
Jpmorgan Chase Bank, National Association 0.05% $10,000 1.48 Learn MoreShow Less
Jpmorgan Chase Bank, National Association 0.05% $10,000 0.06 Learn MoreShow Less

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

  • Robert De Young

    August 24, 2015

    Just purchased a 2 year CD at 1.50% at Republic Bank at 15790 South Harlem Ave., Orland Park, IL. 60462. 1-708/547-4335

  • DEE HERINGTON

    September 04, 2013

    YOU HAVE BEEN SHOWING EXCHANGE BANK IN SPRINGVILLE. II HAVE CALLED THERE SEVERAL TIMES, AND THEY DO NOT SUBSCRIBE TO YOUR COMPANY, AND THE RATES SHOWN FOR THEM ARE INCORRECT. EXCHANGE BANK IS MOST ALWAYS LISTED WITH THE HIGHEST RATE.

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Two Year CDs - Branch Banks

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:

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A higher rate than 12 month CDs in return for leaving the money in the bank longer.

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A fixed rate during the 24 month period.

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A generally higher rate for the same term than what can be found in a branch-based bank.

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FDIC insurance.

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Convenience of opening and managing the CD online.

The disadvantages of a two year branch CDs are:

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Rates are generally lower than on the top online savings and CD accounts.

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Money is tied up for two years. Removing it early results in significant penalties.

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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, you visit the FDIC website.

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