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 - May 29, 2016

2 Year CD National Average : 0.58% ?

Bank APY MIN MILES ?
Mercantil Commercebank, National Association 1.50% $10,000 3.47
Savoy Bank 1.35% $2,000 3.57
Quontic Bank 1.31% $1,000 5.44
Apple Bank For Savings 1.25% $1,000 0.15
Country Bank 1.25% $1,000 3.03
The Berkshire Bank 1.25% $10,000 0.75
Hsbc Bank Usa, National Association 1.25% $1,000 1.65
Hsbc Bank Usa, National Association 1.25% $1,000 0.07
Sterling National Bank 1.21% $2,500 0.17
Manufacturers And Traders Trust Company 1.16% $1,000 2.20
Emigrant Bank 1.15% $1,000 3.02
Spring Bank 1.15% $1 6.53
Eastbank, National Association 1.10% $2,500 0.49
Ponce De Leon Federal Bank 1.10% $1,000 4.34
Ponce De Leon Federal Bank 1.10% $1,000 1.94
First Central Savings Bank 1.10% $500 5.04
First American International Bank 1.10% $100,000 0.56
The Berkshire Bank 1.05% $10,000 0.75
Connectone Bank 1.01% $500 4.88
Connectone Bank 1.01% $500 3.68
Alma Bank 1.01% $2,500 4.87
Valley National Bank 1.00% $500 1.84
Valley National Bank 1.00% $500 0.27
Bbcn Bank 1.00% $1,000 2.52
Shinhan Bank America 1.00% $1,000 2.50
First American International Bank 1.00% $500 0.56
Indus American Bank 1.00% $2,000 3.35
Wilshire Bank 0.95% $1,000 2.52
Banco Popular North America 0.90% $10,000 1.09
United Orient Bank 0.85% $500 0.50
Bnb Hana Bank, National Association 0.85% $500 2.49
Kearny Bank 0.85% $500 3.77
Amalgamated Bank 0.80% $500 0.63
Cathay Bank 0.80% $100,000 0.48
Global Bank 0.80% $1,000 0.57
Amerasia Bank 0.76% $2,500 7.03
New York Community Bank 0.75% $500 5.69
New York Community Bank 0.75% $500 2.68
Ridgewood Savings Bank 0.75% $500 2.12
Oritani Bank 0.75% $1,000 3.12
Astoria Bank 0.75% $500 2.49
Abacus Federal Savings Bank 0.75% $1,000 0.28
New York Commercial Bank 0.75% $500 0.38
Bcb Community Bank 0.75% $500 1.63
Cathay Bank 0.70% $2,500 0.48
Modern Bank, National Association 0.65% $100,000 3.69
Northeast Community Bank 0.65% $500 2.13
Empire State Bank 0.65% $1,000 6.50
Modern Bank, National Association 0.60% $10,000 3.69
Industrial And Commercial Bank Of China (usa), National Association 0.60% $100,000 0.49
East West Bank 0.60% $10,000 0.44
Banco Popular North America 0.60% $10,000 3.30
Ctbc Bank Corp. (usa) 0.50% $100,000 3.36
Industrial And Commercial Bank Of China (usa), National Association 0.50% $2,500 0.49
Gibraltar Private Bank & Trust Co. 0.50% $1,000 3.34
Bank Of The Ozarks 0.45% $1,000 3.21
The Provident Bank 0.45% $500 1.63
City National Bank Of New Jersey 0.45% $500 6.73
Mercantil Commercebank, National Association 0.45% $10,000 3.47
Investors Bank 0.45% $500 1.81
Pnc Bank, National Association 0.40% $100,000 1.89
The Suffolk County National Bank Of Riverhead 0.40% $1,000 4.26
Ctbc Bank Corp. (usa) 0.40% $1,500 3.36
Sussexbank 0.40% $1,000 6.04
People's United Bank, National Association 0.40% $2,500 1.87
Northfield Bank 0.40% $2,500 5.47
The Bridgehampton National Bank 0.35% $2,500 3.50
Pnc Bank, National Association 0.30% $10,000 1.89
Carver Federal Savings Bank 0.30% $1,000 2.58
Citibank, National Association 0.25% $10,000 0.12
Keybank National Association 0.25% $100,000 2.02
Chinatown Federal Savings Bank 0.25% $500 0.54
Capital One, National Association 0.20% $1,000 0.06
Santander Bank, N.a. 0.20% $10,000 1.69
Wells Fargo Bank, National Association 0.16% $1 1.43
Wells Fargo Bank, National Association 0.16% $1 0.55
Manufacturers And Traders Trust Company 0.15% $1,000 2.20
Wells Fargo Bank, National Association 0.15% $10,000 1.43
Wells Fargo Bank, National Association 0.15% $10,000 0.55
City National Bank 0.15% $2,500 3.18
Keybank National Association 0.15% $10,000 2.02
Manufacturers And Traders Trust Company 0.10% $1,000 2.20
Bank Of America, National Association 0.10% $10,000 1.60
Bank Of America, National Association 0.10% $10,000 0.08
Hsbc Bank Usa, National Association 0.10% $1,000 1.65
Hsbc Bank Usa, National Association 0.10% $1,000 0.07
Jpmorgan Chase Bank, National Association 0.05% $10,000 1.48
Jpmorgan Chase Bank, National Association 0.05% $10,000 0.06

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.

  • JUAN PEREZ MIAMI FLORIDA

    March 06, 2016

    BANCO DO BRAZIL RATE IS NOT LONGER 1.60 FOR 24 MONTHS IN MIAMI FLORIDA

  • 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.

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