Louisiana

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Covington, Louisiana CD Rates – 2-Year

You are viewing rates from banks across Covington





Below are two-year Certificates of Deposit (CD) rates from banks in Covington, Louisiana. 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.

Covington, LA - August 2, 2025

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

| Apr 9, 2016

The two women, Shawn and Marcie, were very nice to me and accommodated my every transaction. 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

| 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: 4.20% → 4.00% → 3.70% → 3.60% → 3.50%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... 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: 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

0.85%

$10,000

18.78

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0.85%

$10,000

2.46

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| Apr 15, 2020

Correction: 2/15/2020 6 months rate is .80% Read More

0.80%

$10,000

24.38

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0.75%

$10,000

17.29

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0.75%

$1,000

4.75

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0.70%

$10,000

24.23

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0.65%

$10,000

10.30

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0.60%

$10,000

17.44

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| Jul 19, 2019

Fifth District was great when we went to purchase a home and they gave us a very simple process to obtain a mortgage loan. I recommended them many times as I know many realtors however they really disappo... Read More

0.50%

$10,000

18.74

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0.50%

$10,000

17.44

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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

| Mar 19, 2020

I made a deposit of 14k at the Gulf Coast Bank and Trust Carrollton Ave branch on March 13, 2020. My account manager and the bank manager both handled the deposit, but secretly, the manager had requested a... Read More

| 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

| 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

0.20%

$10,000

6.74

Learn More

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 Covington, LA - August 2, 2025


Branch Street City State
Crescent Bank
Crescent Bank & Trust - Covington Br Branch
50 Louis Prima Drive Covington LA
Capital One, National Association
South Morrison Branch
1506 South Morrison Boulevard Hammond LA
Woodforest National Bank
Amite Branch
1200 W Oak St. Amite LA
JPMorgan Chase Bank, National Association
Hammond Wal-Mart Branch
2799 West Thomas Street Hammond LA
First Guaranty Bank
Guaranty West Branch
2111 West Thomas Street Hammond LA
Heritage Bank of St Tammany
Heritage Bank Of St Tammany Branch
205 North Columbia Street Covington LA
FIDELITY BANK
Hammond Branch
500 C M Fagen Drive Hammond LA
Citizens Savings Bank
Main Street Branch
828 Main Street Franklinton LA
First American Bank and Trust
Hammond Branch
1800 Southwest Railroad Avenue Hammond LA
Citizens Bank & Trust Company
Barker's Corner Branch
79030 Hwy 437 Covington LA
Resource Bank
Franklinton Branch
950 Tenth Avenue Franklinton LA
Home Bank, National Association
Folsom Branch
82255 Hwy. 25 Folsom LA
Investar Bank, National Association
First Community Bank Branch
600 Southwest Railroad Avenue Hammond LA
Fifth District Savings Bank
Mandeville Branch
4650 Highway 22 Mandeville LA
American Bank
Hammond Branch
506 S. W. Railroad Avenue Hammond LA
Investar Bank, National Association
First Community Bank Branch
600 Southwest Railroad Avenue Hammond LA
Gulf Coast Bank and Trust Company
Boston Branch
423 East Boston Street Covington LA
Metairie Bank & Trust Company
Mandeville Branch
4500 Hwy 22 Mandeville LA
Regions Bank
South Morrison Branch
1180 Roma Ave Hammond LA
Regions Bank
South Morrison Branch
1180 Roma Ave Hammond LA


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

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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