2 year CD Rates

2 Year CD Rates

(All interest rates provided above on 2 year CDs are updated daily.)

A 2 year CD is a deposit that accrues interest annually, but requires that you keep your money in the account for a total of 24 months. The APY that you will receive is a yield that is garnered annually for the length of 2 years. A 2 year CD isn’t considered a short term deposit nor is it considered a long term one.

When should you invest in a 24 month CD? 2 year CDs should be utilized either during a stable interest rate climate or during a declining one. If the FED has made it clear interest rates will likely not budge for the next two years, then it may be wise to lock in a 2 year CD so that you’ll receiving the highest possible interest rate on your cash until the interest rate market as a whole begins moving up.

If interest rates are declining then you may also want to lock in a 2 year CD so that you can still have the higher interest rate (as opposed to a 6 month or 12 month one) even when rates start becoming less attractive.

In our database above we have the best 2 month CD rates offered from banks around the country. However, if you do your regular banking with a local credit union, you may want to check out their interest rates as well. Sometimes smaller, exclusive credit unions can offer higher interest rates on deposits because of the fact that they are non-profit and have no shareholders to report to.