Tennessee

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Tennessee CD Rates – 2-Year

You are viewing rates from banks across Tennessee





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

TN - July 30, 2025

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... 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

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.90% → 4.50% → 4.25% → 4.15% → 4.11%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More

Rate History: 4.45% → 4.20% → 3.70% → 3.70% → 4.01%

| Jul 23, 2023

easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More

Early Withdrawal Penalty is 6 months Interest.
Rate History: 4.55% → 4.20% → 4.00% → 3.80% → 4.00%

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Rate History: 4.85% → 4.25% → 3.75% → 3.50% → 4.00%

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 3.00% → 4.60%

| Jul 1, 2022

Very easy opening process and wonderful staff. 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

Early withdrawal penalty is 180 days interest.
Rate History: 4.40% → 4.10% → 3.80% → 3.85% → 4.00%

| Jul 4, 2025

Bread's current 6-month CD is 4.45%, not 4.35%. 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 180 days interest.
Rate History: 4.65% → 4.20% → 3.85% → 4.06% → 4.00%

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner Read More

Rate History: 4.50% → 4.40% → 5.40% → 4.40% → 4.00%

| Feb 15, 2024

I have always had great experiences with short-term CDs from this bank. No delays. Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.50% → 4.00% → 3.75% → 4.00%

| Apr 20, 2024

Save your tears for another day. Very frustrating. 1-star. Read More

Rate History: 4.00% → 3.90% → 3.70% → 4.10% → 3.95%

| Feb 15, 2024

best bank on the list but no longer the most competitive Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.35% → 4.25% → 3.20% → 4.00% → 3.90%

| Aug 26, 2022

Too slow to raise rates. Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.40% → 4.30% → 4.05% → 3.90%

| Nov 21, 2023

A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More

Rate History: 4.75% → 4.00% → 3.50% → 3.85%

| Aug 31, 2022

never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here. 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

Rate History: 4.20% → 4.00% → 3.60% → 4.10% → 3.80%

| Jan 10, 2024

AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More

Warning: Early Withdrawal Penalty is 2% of principal.

| Dec 22, 2018

I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the pena... Read More

Rate History: 1.91% → 2.02% → 3.75%

| Nov 3, 2023

site does not update at all, totally wrong rates listed Read More

Early withdrawal penalty is one-fourth the amount of interest that would have been earned had CD been held to maturity.
Rate History: 3.50% → 3.70% → 3.90% → 3.75% → 3.65%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Rate History: 3.35% → 3.60%

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Warning: Early Withdrawal Penalty is 270 days interest.
Rate History: 0.50% → 3.80% → 3.75% → 4.30% → 3.60%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Early Withdrawal Penalty is 12 months interest.
Rate History: 4.50% → 3.00% → 2.75% → 3.00% → 3.50%

Rate History: 4.20% → 4.50% → 4.00% → 3.70% → 3.50%

| Mar 15, 2023

Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More

Rate History: 4.00% → 3.75% → 3.50% → 3.40% → 3.50%

| Aug 13, 2023

Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More

Rate History: 4.40% → 4.20% → 4.00% → 3.90% → 3.50%

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

Warning: Early withdrawal penalty is 12 months of interest
Rate History: 0.60% → 4.50% → 3.75% → 3.50%

| Jul 6, 2023

This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 5.00% → 4.50% → 4.15% → 3.75% → 3.50%

| Nov 12, 2022

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More

Rate History: 1.50% → 3.50%

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines... 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

Rate History: 2.60% → 3.25% → 3.50%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More

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

| Mar 20, 2016

Good solid bank. Read More

Warning: Early withdrawal penalty is 4% of principal withdrawn.
Rate History: 5.00% → 3.25% → 5.55% → 3.25% → 3.50%

| Dec 8, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

3.36%

$1,000

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| Jan 28, 2025

4.75% is an introductory rate and they are not openly clear about that. Don't expect 4.75% to continue. They are otherwise competitive. Read More

Rate History: 3.50% → 3.25%

| Jul 7, 2022

Insbank 1 yr is 1.5 % 18month is 1.6% 7-7-2022 Read More

| Nov 12, 2023

Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More

3.17%

$500

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Early Withdrawal Penalty is 180 days interest.
Rate History: 4.50% → 4.00% → 3.75% → 3.25% → 3.00%

| May 2, 2022

Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... 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

Early Withdrawal Penalty in 180 days interest.
Rate History: 3.00% → 3.00% → 5.00% → 3.00% → 2.50%

| Jun 13, 2023

I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More

Rate History: 3.00% → 2.50% → 2.25%

| Apr 25, 2023

with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately. Read More

Rate History: 2.53% → 2.02%

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

Rate History: 4.40% → 4.00% → 3.85% → 2.60% → 1.65%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 0.05% → 1.50%

| Jul 28, 2020

Dropped rates again with restrictive transfer limits and poor service. Better rates and liquidity elsewhere. Beware!!! Read More

Rate History: 4.25% → 2.60% → 1.40%

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

Rate History: 0.90% → 1.35%

| May 26, 2017

Before009 Read More

Rate History: 1.26% → 1.50% → 1.26%

Rate History: 1.00% → 2.00% → 1.25% → 2.00% → 1.25%

| Apr 30, 2019

No issues. I feel confident using them. Read More

Rate History: 4.00% → 1.00% → 4.00% → 1.00%

| May 19, 2018

Experience Read More

1.00%

$10,000

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1.00%

$10,000

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1.00%

$100,000

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| Aug 26, 2020

JeanJennings6 Read More

0.95%

$10,000

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0.90%

$500

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0.90%

$100,000

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0.90%

$100,000

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0.90%

$10,000

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0.85%

$10,000

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0.85%

$10,000

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0.85%

$10,000

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0.85%

$100,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$100,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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| Jan 21, 2022

SC Read More

| Aug 6, 2021

Can take days to set up internet banking. They won't fax anything for you. Not a customer oriented bank as they claim. Read More

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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0.75%

$10,000

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0.74%

$10,000

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0.71%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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| Nov 4, 2019

So convenient, the branch is right around the corner and the process (paper work) was minimal. I had some extra cash sitting in a very low interest rate savings account in another state that made sense to ... Read More

0.70%

$100,000

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0.70%

$10,000

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0.70%

$10,000

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0.67%

$10,000

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0.65%

$10,000

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0.65%

$100,000

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0.65%

$10,000

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0.65%

$10,000

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0.65%

$10,000

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0.65%

$10,000

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| Mar 1, 2021

And yet again. Two more CD rates offered on this date only on this site not by the bank. Read More

0.61%

$10,000

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0.60%

$10,000

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0.60%

$1,000

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0.60%

$10,000

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| Jan 27, 2022

I closed account today, due to bank closing. I was slow on thinking, I was charged $5 per account for Cashier's Checks. I should of been offered cash with no charge. My feelings is I should have been give... Read More

0.60%

$1,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$1,000

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0.60%

$10,000

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0.59%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$10,000

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0.50%

$10,000

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| Aug 26, 2020

JeanJennings6 Read More

Rate History: 2.00% → 0.50%

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

0.50%

$10,000

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| Dec 5, 2018

This bank is telling me that an IRA CD is only 0.90% Read More

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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| Sep 30, 2021

No Read More

0.50%

$1,000

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0.50%

$10,000

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0.50%

$10,000

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0.48%

$100,000

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0.45%

$10,000

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| Dec 5, 2018

This bank is telling me that an IRA CD is only 0.90% Read More

| Mar 25, 2019

CDs shown are not offered in Knoxville area Read More

| Jun 7, 2018

Fabulous bank Read More

0.45%

$10,000

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0.43%

$10,000

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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

| Jan 30, 2020

Rate no longer available Read More

0.40%

$10,000

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0.40%

$10,000

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0.40%

$10,000

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| Aug 10, 2022

1st National Bank of Tennessee is not, in my opinion, a mobile friendly bank. Be aware that they do not have a 1-800 number on their cards. So, if it happens to be a weekend and you're out of town trying... Read More

0.40%

$10,000

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0.40%

$1,000

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0.35%

$500

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| Mar 5, 2019

Pinnacle has not had a 3% CD since Oct of 2018. Read More

0.35%

$10,000

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0.35%

$10,000

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| Nov 4, 2020

Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More

0.35%

$10,000

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0.35%

$10,000

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0.30%

$1,000

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0.30%

$10,000

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0.30%

$500

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0.30%

$10,000

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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

| Dec 18, 2023

They will not cash savings bonds for non-account holders Read More

0.25%

$1,000

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| Mar 25, 2019

CDs shown are not offered in Knoxville area Read More

0.25%

$10,000

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| Aug 5, 2019

Wonderful new experience both in their personnel and their policies. A fresh approach to personal banking! Read More

0.25%

$10,000

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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

| Aug 5, 2019

Wonderful new experience both in their personnel and their policies. A fresh approach to personal banking! Read More

0.18%

$10,000

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0.15%

$10,000

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0.14%

$10,000

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| Dec 30, 2018

Garden14 Read More

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

Rate History: 0.03% → 0.05%

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

| 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

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... 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
InsBank
Insbank Branch
2106 Crestmoor Road Nashville TN
Finworth, a division of InsBank
Bank Of Tennessee - Mount Juliet Branch
1982 Providence Parkway, Suite 103 Mount Juliet TN
Elizabethton Federal Savings Bank
404 South Shady Street Branch
404 South Shadt Street Mountain City TN
Fifth Third Bank, National Association
Walker Springs Branch
8331 East Walker Springs Lane Knoxville TN
City National Bank
Nashville Branch
54 Music Square East, Suite 100 Nashville TN
Lawrenceburg Federal Bank
Lawrenceburg Federal Bank Branch
118 West Gaines Street Lawrenceburg TN
Homeland Community Bank
Homeland Community Bank Branch
900 North Chancery Street Mcminnville TN
Citizens Bank
Gordonsville Branch
530 Gordonsville Highway Gordonsville TN
Apex Bank
American Patriot Bank Branch
3095 East Andrew Johnson Highway Greeneville TN
Bank of Lincoln County
Bank Of Lincoln County Branch
307 East College Street Fayetteville TN
Miners Exchange Bank
Gray Branch
5575 Bobby Hicks Hwy Johnson City TN
Bank of Gleason
Mckenzie Branch
15865 North Highland Drive Mckenzie TN
Union Bank
Union Bank Branch
8500 Highway 111, Suite 200 Byrdstown TN
The Bank of Fayette County
Selmer Branch
610 Mulberry Avenue Selmer TN
Citizens Savings Bank and Trust Company
Memphis Branch
7444 Winchester Road, Suite 105 Memphis TN
Bank of Crockett
South Bells Branch
389 South Bells Street Alamo TN
Security Federal Savings Bank of McMinnville
Manchester Hwy Branch
5839 Manchester Hwy Morrison TN
First Peoples Bank of Tennessee
Strawberry Plains Branch
7500 Ashville Highway Knoxville TN
Bank3
Bank3 Branch
5210 Poplar Avenue Memphis TN
Greenfield Banking Company
Greenfield Branch
202 South Meridian Street Greenfield TN
Bank of Gleason
Mckenzie Branch
15865 North Highland Drive Mckenzie TN
Carroll Bank and Trust
Mclemoresville Branch
5626 Main Street Mc Lemoresville TN
CedarStone Bank
Cedarstone Bank Branch
900 West Main Street Lebanon TN
Union Bank
Union Bank Branch
8500 Highway 111, Suite 200 Byrdstown TN
Citizens Bank and Trust Company of Grainger County
Blaine Branch
880 Rutledge Pike Blaine TN
First Community Bank of Tennessee
Lynchburg Branch
535 Majors Blvd. Lynchburg TN
First Commerce Bank
Lewisburg Branch
701 Cornersville Road Lewisburg TN
Foundation Bank
Foundation Bank, A Division Of Mckenzie Banking Company Branch
9 North Bells Street Alamo TN
One Bank of Tennessee
Jamestown Branch
416 East Central Avenue Jamestown TN
New Peoples Bank, Inc.
Bloomingdale Office Branch
2600 N. John B. Dennis Hwy Kingsport TN
The Lauderdale County Bank
Cleveland Street Branch
331 Cleveland Street Ripley TN
Bank of Halls
Church Street Branch
503 South Church Street Halls TN
Citizens Bank
Gordonsville Branch
530 Gordonsville Highway Gordonsville TN
Millennium Bank
Millennium Bank Branch
6392 Artesian Circle Ooltewah TN
Southern Bank of Tennessee
Smyrna Branch
403 S Lowry St Smyrna TN
ServisFirst Bank
Nashville Branch
1801 West End Avenue Nashville TN
Security Bank and Trust Company
South First Street Branch
611 South First Street Union City TN
TriStar Bank
Tristar Bank Branch
719 East College Street Dickson TN
CedarStone Bank
Cedarstone Bank Branch
900 West Main Street Lebanon TN
BankTennessee
East Memphis Branch
5540 Poplar Ave Memphis TN
People's Bank and Trust Company of Pickett County
People's Bank And Trust Company Of P Branch
19 Courthouse Square Byrdstown TN
INSOUTH Bank
Millington Branch
7696 Highway 51 North Millington TN
Coffee County Bank
Hillsboro Boulevard Branch
301 Hillsboro Boulevard Manchester TN
Bank of Tennessee
Pinecrest Branch
Milligan Road Johnson City TN
The Farmers Bank
Cross Plains Office Branch
7836 Highway 25 Cross Plains TN
TriStar Bank
Tristar Bank Branch
719 East College Street Dickson TN
Volunteer Bank
Gallatin Branch
554 West Main Street Gallatin TN
Citizens Bank of Lafayette
Alexandria Branch
100 North Public Square Alexandria TN
First Farmers and Merchants Bank
Loretto Branch
U.S. Highway 43 Loretto TN
Security Bank
Mall Boulevard Branch
650 Mall Boulevard Dyersburg TN
First Century Bank
Harrogate Branch
6946 Cumberland Gap Parkway Harrogate TN
Heritage Community Bank
Greeneville Branch
3626 East Andrew Johnson Highway Greeneville TN
Tower Community Bank
Coalmont-Junction Branch
9933 State Highway 56 Coalmont TN
Citizens Bank
Gordonsville Branch
530 Gordonsville Highway Gordonsville TN
People's Bank and Trust Company of Pickett County
People's Bank And Trust Company Of P Branch
19 Courthouse Square Byrdstown TN
Thread Bank
Civis Bank Branch
210 East Main Street Rogersville TN
First Community Bank of East Tennessee
First Community Bank Of East Tenness Branch
809 West Main Street Rogersville TN
Citizens National Bank
Gatlinburg Branch
906 E Pkwy Gatlinburg TN
Independent Bank
Germantown Branch
7635 Poplar Avenue Germantown TN
Peoples Bank
Hohenwald Branch
526 E Main St Hohenwald TN
First Jackson Bank, Inc.
South Pittsburg Branch
201 Battlecreek Road South Pittsburg TN
First Peoples Bank of Tennessee
Strawberry Plains Branch
7500 Ashville Highway Knoxville TN
First Vision Bank of Tennessee
Manchester Office Branch
2134 Hillsboro Blvd. Manchester TN
United Cumberland Bank
Huntsville Branch
567 Howard H. Baker Highway Huntsville TN
TNBANK
Jackson Square Branch
900 Oak Ridge Turnpike Oak Ridge TN
The Bank of Jackson
The Bank Of Jackson Branch
558 Carriage House Drive Jackson TN
Community Bank
West Church Street Branch
605 West Church Street Lexington TN
Heritage Bank & Trust
Heritage Bank & Trust Branch
845 Nashville Highway Columbia TN
Tennessee State Bank
Gatlinburg Branch
414 East Parkway Gatlinburg TN
Mountain Commerce Bank
Unicoi Branch
4200 Unicoi Drive Unicoi TN
First Community Bank
Poeple's Community Branch
300 Sunset Drive Johnson City TN
Apex Bank
American Patriot Bank Branch
3095 East Andrew Johnson Highway Greeneville TN
FirstBank
American City Bank Branch
340 West Lincoln Street Tullahoma TN
First Federal Bank
Clarksville Main Br Branch
502 Madison St Clarksville TN
Legends Bank
Legends Bank Branch
310 First Street Clarksville TN
Traditions First Bank
Traditions First Bank Branch
5745 East Main Street Erin TN
Planters Bank, Inc.
Sango Branch
895 Highway 76 Clarksville TN
Wilson Bank and Trust
Leeville 109 Branch
440 Highway 109n Lebanon TN
Home Federal Bank of Tennessee
Carter Branch
7600 Asheville Highway Knoxville TN
Citizens Bank
Baum Drive Branch
6771 Baum Drive Knoxville TN
Andrew Johnson Bank
Cleveland Branch
555 North Ocoee Street Cleveland TN
CBBC Bank
Townsend Branch
7729 East Lamar Alexander Parkway Townsend TN
F&M Bank
Dover Branch
One Donelson Parkway Dover TN
First Federal Bank
Clarksville Main Br Branch
502 Madison St Clarksville TN
Renasant Bank
Poplar Avenue Branch
5264 Poplar Avenue Memphis TN
CB&S Bank, Inc.
Selmer Mulberry Branch
731 Mulberry Avenue Selmer TN
Greeneville Federal Bank, FSB
903 Tusculum Boulevard Branch
903 Tusculum Boulevard Greeneville TN
First Citizens National Bank
Georgetown Branch
3795 Georgetown Road Cleveland TN
First Freedom Bank
Providence Parkway Branch
Providence Pkwy Mount Juliet TN
Commercial Bank
Halls Branch
7400 Maynardville Highway Knoxville TN
First State Bank of the Southeast, Inc
First State Financial, Inc. Branch
996 Fifth Street Jellico TN
First National Bank of Pulaski
Industrial Park Branch
Bennett Drive Pulaski TN
Bank of Cleveland
Bank Of Cleveland Branch
75 Bobby Taylor Avenue Cleveland TN
Newport Federal Bank
345 Cosby Highway Branch
345 Cosby Highway Newport TN
First Community Bank of the Heartland, Inc.
Martin Banking Center Branch
5475 Skyhawk Parkway Martin TN
Pinnacle Bank
Knoxville Location Branch
551 W. Main St. Knoxville TN
UBank
Ubank Branch
1075 Fifth Street Jellico TN
The First Bank and Trust Company
Gray Office Branch
2100 Forest Drive Gray TN
Trustmark National Bank
Rossville Branch
70 Front Street Rossville TN
Community Bank of Mississippi
Memphis Branch
6465 North Quail Hollow Road Memphis TN
Citizens Tri-County Bank
Decherd Branch
2030 Decherd Boulevard Decherd TN
TruPoint Bank
Johnson City Branch
709 Medtech Pkwy Johnson City TN
Hearthside Bank Corporation
New Tazewell Branch
500 Fifth Avenue New Tazewell TN
Volunteer Federal Savings Bank
Sweetwater Hwy 68 Branch
906 New Highway 68 Sweetwater TN
Peoples Bank of East Tennessee
Tellico Plains Branch
9186 New Highway 68 Tellico Plains TN
Builtwell Bank
First Volunteer Bank Branch
728 Broad Street Chattanooga TN
Bank of Bartlett
Houston Levee Branch
9915 Highway 64 Arlington TN
Renasant Bank
Poplar Avenue Branch
5264 Poplar Avenue Memphis TN
First National Bank of Tennessee
Fairfield Glade Branch
5011 Peavine Rd Crossville TN
SouthEast Bank
Ooltewah Branch
9218 Lee Highway Ooltewah TN
Paragon Bank
Saddle Creek Banking Center Branch
7600 Poplar Avenue Germantown TN
SouthEast Bank
Ooltewah Branch
9218 Lee Highway Ooltewah TN
First Community Bank
Poeple's Community Branch
300 Sunset Drive Johnson City TN
Mountain Valley Bank
Monteagle Branch
P. O. Box 1329 Monteagle TN
First Community Bank
Poeple's Community Branch
300 Sunset Drive Johnson City TN
First Horizon Bank
Cool Springs Branch
9200 Carothers Parkway Franklin TN
Regions Bank
Nashville Tn Main Branch
One Nashville Place 150 4th Avenue N Nashville TN
First-Citizens Bank & Trust Company
Royal Oaks Branch
228 South Royal Oaks Boulevard Franklin TN
U.S. Bank National Association
Cookeville Jackson Branch
Two West Jackson Street Cookeville TN
Bank of America, National Association
Madison Branch
969 Gallatin Pike S Madison TN
Regions Bank
Nashville Tn Main Branch
One Nashville Place 150 4th Avenue N Nashville TN
Fifth Third Bank, National Association
Walker Springs Branch
8331 East Walker Springs Lane Knoxville TN


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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.

SAVINGS & CD CALCULATOR

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