Ohio

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St. Clairsville, Ohio CD Rates – 2-Year

You are viewing rates from banks across St. Clairsville





Below are two-year Certificates of Deposit (CD) rates from banks in St. Clairsville, Ohio. 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.

St. Clairsville, OH - July 16, 2025

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

| Mar 3, 2025

what a nightmare. I spent over 6 weeks working with [name redacted] from CF banks. She was suppose to be getting me approved for a home mortgage that needed to be closed by march 17th 2025. After about 5... Read More

Rate History: 0.40% → 4.25%

| Jan 21, 2020

The people there are very friendly and helpful. They have good rates most of the time. Read More

Rate History: 4.00% → 3.93% → 3.54% → 3.44% → 3.69%

Rate History: 3.50% → 3.75% → 3.65%

| May 15, 2020

Sucks don’t ever get with this bank Read More

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

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.30% → 4.20% → 4.15% → 3.45%

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

| Nov 12, 2018

Helpful w/$ Read More

Rate History: 1.00% → 2.25% → 4.00% → 2.75%

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

| Apr 12, 2019

United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More

1.01%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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| 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

| Oct 6, 2023

Awful bank. Poor service, rude and some of the lowest rates out there. Avoid Read More

0.80%

$10,000

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0.79%

$100,000

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0.75%

$5,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.70%

$100,000

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| 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

| Oct 29, 2017

Excellentr Read More

0.65%

$100,000

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0.65%

$10,000

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0.65%

$100,000

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0.60%

$100,000

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0.60%

$10,000

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0.60%

$500

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0.60%

$10,000

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0.60%

$10,000

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0.59%

$10,000

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0.57%

$100,000

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0.57%

$100,000

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0.57%

$100,000

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0.55%

$1,000

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0.55%

$10,000

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0.55%

$98,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$100,000

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0.55%

$10,000

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0.55%

$10,000

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0.50%

$500

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0.50%

$10,000

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0.50%

$500

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| Mar 18, 2021

I called Huntington yesterday and the branch manager told me that the rate listed on Best Cash Cow doesn't exist......... Read More

0.50%

$10,000

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| Apr 21, 2020

Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself. Read More

0.50%

$100,000

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0.50%

$10,000

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0.50%

$10,000

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| Jul 5, 2022

Do not use this bank , they refuse to work with any other financial company and if they decline your for a loan they won’t allow anyone else to give you a loan or business funding so you are stuck. This ... Read More

0.50%

$10,000

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0.50%

$10,000

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0.50%

$500

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$500

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0.50%

$10,000

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0.49%

$10,000

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0.47%

$500

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0.46%

$1,000

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0.45%

$10,000

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0.45%

$10,000

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| Feb 5, 2020

We used Civista Bank for a mortgage loan because they gave me the best rate of 3.5 for my over 800 credit rating with no points and locked it in for 2 months. Other banks offering the same rate but would n... Read More

0.45%

$10,000

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0.45%

$10,000

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0.45%

$10,000

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0.44%

$10,000

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0.43%

$1,000

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| May 6, 2015

The BEST BANK for 57years straight. The personel are wonderful to work with. ANYONE that needs Money, Middlefield Bank will be there to help. Read More

0.40%

$10,000

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0.40%

$500

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Rate History: 0.60% → 0.50% → 0.40%

0.40%

$10,000

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0.40%

$10,000

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0.40%

$10,000

-

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0.40%

$10,000

-

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0.40%

$500

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0.40%

$1,000

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0.40%

$10,000

-

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0.40%

$10,000

-

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0.39%

$100,000

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0.35%

$500

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0.35%

$1,000

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0.35%

$1,000

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0.35%

$10,000

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0.35%

$100,000

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0.35%

$1,000

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0.35%

$10,000

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0.35%

$10,000

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0.35%

$10,000

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0.35%

$10,000

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| Jul 18, 2020

how long can i use rabo bank checks? Read More

0.35%

$100,000

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0.35%

$10,000

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0.35%

$10,000

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0.35%

$10,000

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| Jul 23, 2019

Oberlen Ave in Lorain Ohio Read More

0.30%

$500

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0.30%

$10,000

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0.30%

$500

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| Mar 12, 2023

I have several business loans through VCNB. Anyone considering borrowing money should consider using them for financing. They have the assets and abilities of larger chains, but you get a more personal i... Read More

0.30%

$1,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.29%

$10,000

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0.25%

$5,000

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| Jul 23, 2019

Oberlen Ave in Lorain Ohio Read More

0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.23%

$10,000

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0.22%

$10,000

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0.20%

$500

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0.20%

$1,000

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0.20%

$500

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$1,000

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0.20%

$10,000

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0.20%

$10,000

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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

0.18%

$10,000

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0.15%

$10,000

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0.15%

$10,000

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0.15%

$10,000

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0.15%

$10,000

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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

0.10%

$10,000

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0.10%

$10,000

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| Jun 28, 2017

showmethreethousanddollars Read More

0.10%

$10,000

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Rate History: 0.01% → 0.05%

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

0.05%

$10,000

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| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

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
CFBank, National Association
Cf Bank, National Association Branch
7000 North High Street Worthington OH
FCN Bank, National Association
Harrison Branch
590 Ring Road Harrison OH
First Federal Savings and Loan Association of Lakewood
Parma Century Branch
1640 Snow Road At Broadview Parma OH
Farmers & Merchants Bank
Farmers & Merchants Bank Branch
41 South First Street Miamisburg OH
Westfield Bank, FSB
Portage Trail Branch
Portage Trail And Second Street Cuyahoga Falls OH
S&T Bank
Akron Branch
491 North Cleveland-Massillon Road Akron OH
Citizens
Massilon Branch
115 Tommy Henrich Dr Nw Massillon OH
Monet Bank
Cincinnati Branch
7880 Montgomery Rd Cincinnati OH
Fifth Third Bank, National Association
Gibsonburg Branch
101 North Main Street Gibsonburg OH
The Community Bank
The Community Bank Branch
113 North Fifth Street Zanesville OH
Woodforest National Bank
Kenton Wal-Mart Branch
1241 East Columbus Street Kenton OH
JPMorgan Chase Bank, National Association
Jpmorgan Chase Bank, National Association Branch
1111 Polaris Parkway Columbus OH
United Bank
Bellaire Branch
3198 Belmont Street Bellaire OH
Third Federal Savings and Loan Association of Cleveland
Third Federal Savings And Loan Assoc Branch
7007 Broadway Avenue Cleveland OH
The First National Bank of Pandora
The First National Bank Of Pandora Branch
102 East Main Street Pandora OH
The Peoples Savings and Loan Company
The Peoples Savings And Loan Company Branch
110 North Detroit Street West Liberty OH
THE HOME LOAN SAVINGS BANK
The Home Loan Savings Bank Branch
413 Main Street Coshocton OH
Peoples State Bank
The Peoples National Bank Of New Lex Branch
110 North Main Street New Lexington OH
Union Savings Bank
Union Savings Bank Branch
8534 East Kemper Road Cincinnati OH
Hometown Bank
Hometown Bank Branch
142 North Water Street Kent OH
Fidelity Federal Savings and Loan Association of Delaware
Fidelity Federal Savings And Loan As Branch
60 North Sandusky St Delaware OH
The Waterford Commercial and Savings Bank
The Waterford Commercial And Savings Branch
20115 State Route 339 Waterford OH
The Hamler State Bank
The Hamler State Bank Branch
210 Randolph Street Hamler OH
Portage Community Bank
Portage Community Bank Branch
1311 East Main Street Ravenna OH
The Home Savings and Loan Company of Kenton, Ohio, DBA HSLC
The Home Savings And Loan Company Of Kenton, Ohio Branch
116 East Franklin Street Kenton OH
The Peoples Savings Bank
The Peoples Savings Bank Branch
10 Monument Square Urbana OH
Monroe Federal Savings and Loan Association
Monroe Federal Savings And Loan Asso Branch
24 East Main Street Tipp City OH
First National Bank in New Bremen
First National Bank In New Bremen Branch
435 South Washington Street New Bremen OH
Union Savings Bank
Union Savings Bank Branch
8534 East Kemper Road Cincinnati OH
Guardian Savings Bank
Guardian Savings Bank, A Federal Savings Bank Branch
6100 West Chester Road West Chester OH
The Killbuck Savings Bank Company
Danville Branch
701 South Market Danville OH
First Bank Richmond
Sidney Branch
121 South Ohio Avenue Sidney OH
The Settlers Bank
The Settlers Bank Branch
115-121 Third Street Marietta OH
The First National Bank of Bellevue
The First National Bank Of Bellevue Branch
120 North Street Bellevue OH
Spring Valley Bank
Spring Valley Bank Branch
1206 Springfield Pike Wyoming OH
Home Savings Bank of Wapakoneta
Home Savings Bank Of Wapakoneta Branch
1 South Blackhoof Street Wapakoneta OH
First National Bank in New Bremen
First National Bank In New Bremen Branch
435 South Washington Street New Bremen OH
Citizens Federal Savings and Loan Association
Citizens Federal Savings And Loan As Branch
110 North Main Street Bellefontaine OH
The Waterford Commercial and Savings Bank
The Waterford Commercial And Savings Branch
20115 State Route 339 Waterford OH
Home National Bank
Home National Bank Branch
209 Third Street Racine OH
New Carlisle Federal Savings Bank
New Carlisle Federal Savings Bank Branch
400 North Main Street New Carlisle OH
The Citizens Bank Company
The Citizens Bank Company Branch
2301 State Route 550 Bartlett OH
The First National Bank of Sycamore
The First National Bank Of Sycamore Branch
141 S Sycamore Ave Sycamore OH
The Covington Savings and Loan Association
The Covington Savings And Loan Assoc Branch
117 North High Street Covington OH
Belmont Savings Bank
Belmont Savings Bank Branch
3301 Guernsey Street Bellaire OH
Buckeye State Bank
Buckeye State Bank Branch
101 North Main Street De Graff OH
The Genoa Banking Company
The Genoa Banking Company Branch
801 Main Street Genoa OH
The Commercial and Savings Bank of Millersburg, Ohio
The Commercial And Savings Bank Of Millersburg, Ohio Branch
91 N Clay St Millersburg OH
The Killbuck Savings Bank Company
Danville Branch
701 South Market Danville OH
New Carlisle Federal Savings Bank
New Carlisle Federal Savings Bank Branch
400 North Main Street New Carlisle OH
Home National Bank
Home National Bank Branch
209 Third Street Racine OH
The North Side Bank and Trust Company
The North Side Bank And Trust Compan Branch
4125 Hamilton Avenue Cincinnati OH
RiverHills Bank
Riverhills Bank Branch
553 Chamber Drive Milford OH
The Huntington National Bank
Arlington Branch
100 North Main Street Arlington OH
Dollar Bank, Federal Savings Bank
Public Square Branch
140 Public Square Cleveland OH
First National Bank of Pennsylvania
Chardon Branch
540 Water Street Chardon OH
Portage Community Bank
Portage Community Bank Branch
1311 East Main Street Ravenna OH
Greenville Federal
Greenville Federal Branch
690 Wagner Avenue Greenville OH
Galion Building and Loan Bank
Galion Building And Loan Bank Branch
135 South Market Street Galion OH
Peoples Savings and Loan Company
Peoples Savings And Loan Company Branch
300 South Walnut Street Bucyrus OH
First Federal Community Bank of Bucyrus
First Federal Community Bank Of Bucy Branch
119 South Sandusky Avenue Bucyrus OH
Main Street Bank Corp.
Stebbins National Bank Of Creston Br Branch
121 N Main Street Creston OH
The Apple Creek Banking Company
The Apple Creek Banking Company Branch
3 West Main Street Apple Creek OH
The Commercial and Savings Bank of Millersburg, Ohio
The Commercial And Savings Bank Of Millersburg, Ohio Branch
91 N Clay St Millersburg OH
SSB Community Bank
Ssb Community Bank Branch
224 North Bodmer Avenue Strasburg OH
Valley Central Bank
Valley Central Bank Branch
6550 Princeton Glendale Road Liberty Township OH
The Cincinnatus Savings & Loan Co.
The Cincinnatus Savings & Loan Co. Branch
3300 Harrison Ave Cincinnati OH
Stock Yards Bank & Trust Company
Cincinnati Branch
101 West Fourth Street Cincinnati OH
The Settlers Bank
The Settlers Bank Branch
115-121 Third Street Marietta OH
CNB Bank
Bucyrus North Branch
105 Washington Square Bucyrus OH
The Richwood Banking Company
The Richwood Banking Company Branch
28 North Franklin Street Richwood OH
Liberty Bank
Liberty Bank Branch
314 Park Avenue Ironton OH
The First National Bank of Bellevue
The First National Bank Of Bellevue Branch
120 North Street Bellevue OH
The Citizens Bank Company
The Citizens Bank Company Branch
2301 State Route 550 Bartlett OH
Civista Bank
New Washington Branch
102 South Kibler Street New Washington OH
The Antwerp Exchange Bank Company
The Antwerp Exchange Bank Company Branch
305 South Main Street Antwerp OH
Greenville National Bank
Ansonia Branch
100 South Main Street Ansonia OH
Community Savings
Community Savings Branch
425 Main Street Caldwell OH
Farmers State Bank
Farmers State Bank Branch
11 South Main Street West Salem OH
The Savings Bank
The Savings Bank Branch
18 Long Street Ashville OH
The Middlefield Banking Company
The Middlefield Banking Company Branch
15985 East High Street Middlefield OH
The Twin Valley Bank
The Twin Valley Bank Branch
2 East Dayton Street West Alexandria OH
The Peoples Savings Bank
The Peoples Savings Bank Branch
710 Second Street New Matamoras OH
First Federal Community Bank, National Association
First Federal Community Bank, National Association Branch
321 North Wooster Avenue Dover OH
The First Central National Bank of St. Paris
The First Central National Bank Of S Branch
103 South Springfield St. Paris OH
WesBanco Bank, Inc.
Freeport Branch
102 East Main Street Freeport OH
First Federal Savings and Loan Association
First Federal Savings And Loan Assoc Branch
2 North Second St Newark OH
The Citizens National Bank of Woodsfield
The Citizens National Bank Of Woodsf Branch
143 Main Street Woodsfield OH
The First National Bank of Germantown
The First National Bank Of Germantow Branch
17 North Main Street Germantown OH
Kingston National Bank
Adelphi Branch
11811 Main Street Adelphi OH
Southern Hills Community Bank
Ripley Federal Savings Bank Main Off Branch
1006 S Second St Ripley OH
First Mutual Bank, FSB
First Mutual Bank, Fsb Branch
605 Washington Boulevard Belpre OH
The Farmers & Merchants State Bank
The Farmers & Merchants State Bank Branch
307-11 Defiance Street Archbold OH
The Hicksville Bank
The Hicksville Bank Branch
144-146 East High Street Hicksville OH
The Sherwood State Bank
The Sherwood State Bank Branch
105 North Harrison Street Sherwood OH
The Park National Bank
2013 Jamestown Branch
82 West Washington Street Jamestown OH
Minster Bank
Minster Bank Branch
95 West 4th Street Minster OH
Signature Bank, National Association
Signature Bank, National Association Branch
4607 West Sylvania Avenue Toledo OH
The Farmers State Bank
The Farmers State Bank Branch
101 South Main Street New Madison OH
Sutton Bank
Sutton Bank Branch
3 South Main Street Attica OH
Osgood Bank
The Osgood State Bank Branch
275 West Main Street Osgood OH
Mercer Savings Bank
Mercer Savings Bank Branch
1100 Irmscher Blvd Celina OH
The Fahey Banking Company
The Fahey Banking Company Branch
127 North Main Street Marion OH
Mechanics Bank
Mechanics Bank Branch
2 South Main Street Mansfield OH
North Valley Bank
North Valley Bank Branch
2775 Maysville Pike Zanesville OH
The Ohio Valley Bank Company
The Ohio Valley Bank Company Branch
420 Third Avenue Gallipolis OH
Fairfield Federal Savings and Loan Association of Lancaster
Fairfield Federal Savings And Loan A Branch
111 East Main Street Lancaster OH
The Wilmington Savings Bank
The Wilmington Savings Bank Branch
184 North South Street Wilmington OH
First Federal Savings and Loan Association of Lorain
Sandusky Branch
207 West Washington Row Sandusky OH
Belmont Savings Bank
Belmont Savings Bank Branch
3301 Guernsey Street Bellaire OH
The Metamora State Bank
The Metamora State Bank Branch
120 East Main Street Metamora OH
The Republic Banking Company
The Republic Banking Company Branch
202 Washington Street Republic OH
THE VINTON COUNTY NATIONAL BANK
The Vinton County National Bank Branch
112 West Main Street Mc Arthur OH
The Peoples Bank
The Peoples Bank Branch
103 East Wiggin Street Gambier OH
North Valley Bank
North Valley Bank Branch
2775 Maysville Pike Zanesville OH
The Citizens National Bank of McConnelsville
The Citizens National Bank Of Mcconn Branch
100 East Main Street Mcconnelsville OH
Woodsfield Savings Bank
Woodsfield Savings Bank Branch
600 Lewisville Road Woodsfield OH
The Farmers Bank and Savings Company
The Farmers Bank And Savings Company Branch
640 East Main Street Pomeroy OH
The Hocking Valley Bank
The Hocking Valley Bank Branch
Stimson And Palmer Streets Athens OH
The Farmers & Merchants State Bank
The Farmers & Merchants State Bank Branch
307-11 Defiance Street Archbold OH
First Federal Bank of Ohio
First Federal Bank Of Ohio Branch
140 North Columbus Street Galion OH
First Federal Savings and Loan Association of Lorain
Sandusky Branch
207 West Washington Row Sandusky OH
The State Bank and Trust Company
Delta Branch
312 Main Street Delta OH
First Federal Savings and Loan Association of Van Wert
First Federal Savings And Loan Assoc Branch
679 Fox Road Van Wert OH
GreenWay Bank
Van Wert Federal Savings Bank Branch
976 South Shannon Street Van Wert OH
The Citizens National Bank of Bluffton
The Citizens National Bank Of Blufft Branch
102 South Main Street Bluffton OH
The Old Fort Banking Company
The Old Fort Banking Company Branch
8034 Main Street Old Fort OH
Buckeye Community Bank
Buckeye Community Bank Branch
105 Sheffield Center Lorain OH
LCNB National Bank
Lcnb National Bank Branch
10820 Main Street Clarksburg OH
The First National Bank of Blanchester
The First National Bank Of Blanchest Branch
121 East Main Street Blanchester OH
The First National Bank of Waverly
The First National Bank Of Waverly Branch
107 North Market Waverly OH
The First National Bank of Dennison
Gnadenhutten Branch
130 North Walnut Street Gnadenhutten OH
Northwest Bank
Lorain Nb Branch
457 Broadway Lorain OH
The Croghan Colonial Bank
Bellevue Banking Center Branch
One Union Square Bellevue OH
First Bank of Berne
Van Wert, Oh Branch
102 Christopher Crossing Van Wert OH
First Bank of Ohio
First Bank Of Ohio Branch
175 South Washington Street Tiffin OH
First Federal Savings and Loan Association
First Federal Savings And Loan Assoc Branch
404 Main Street Delta OH
The Ottoville Bank Company
The Ottoville Bank Company Branch
161 West Third Street Ottoville OH
The Andover Bank
The Andover Bank Branch
19 Public Square Andover OH
The St. Henry Bank
The St. Henry Bank Branch
231 East Main Street St. Henry OH
First Commonwealth Bank
100 Central Plaza South Branch
100 Central Plaza South Canton OH
First Merchants Bank
Olentangy Branch
3650 Olentangy River Road, Suite 1 Columbus OH
The Farmers and Merchants Bank
The Farmers And Merchants Bank Branch
430 North Street Caldwell OH
The Union Bank Company
Leipsic Branch
318 South Belmore Street Leipsic OH
First Financial Bank
St. Marys Branch
130 East Spring Street Saint Marys OH
First Commonwealth Bank
100 Central Plaza South Branch
100 Central Plaza South Canton OH
The Bank of Magnolia Company
The Bank Of Magnolia Company Branch
122 North Main Street Magnolia OH
The Merchants National Bank
Greenfield Branch
117-119 South Washington Street Greenfield OH
First Merchants Bank
Olentangy Branch
3650 Olentangy River Road, Suite 1 Columbus OH
The Fort Jennings State Bank
The Fort Jennings State Bank Branch
120 North Water St. Fort Jennings OH
The First Citizens National Bank of Upper Sandusky
Wharton Branch
101 West Sandusky Street Wharton OH
Peoples Bank
Caldwell Branch
415 Main Street Caldwell OH
The Farmers National Bank of Canfield
Smithville Branch
153 East Main Street Smithville OH
Community First Bank, National Association
Community First Bank, National Association Branch
118 East Lima Street Forest OH
KeyBank National Association
Rotunda Branch
800 Superior Avenue Cleveland OH
Signature Bank, National Association
Signature Bank, National Association Branch
4607 West Sylvania Avenue Toledo OH
U.S. Bank National Association
Independence Branch
6511 Brecksville Road Independence OH
PNC Bank, National Association
Fredericksburg Branch
121 North Mill Street Fredericksburg OH
Fifth Third Bank, National Association
Gibsonburg Branch
101 North Main Street Gibsonburg OH


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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