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2 Year CD Rates Averaging 0.85% Best 2 Year Rate at 1.25% APY

2 year bank CD rates are averaging 0.85 percent in Bankrate's national average. Average 2 year CD rates are even lower in the FDIC's national average at 0.44 percent. 2 year jumbo CD rates at 0.45 percent aren't much higher in the FDIC's survey. Thankfully you can find 2 year CD rates at banks higher than the averages.

The best CD rates on 24 month certificates of deposit on our rate list are at 1.24 percent with an APY of 1.25 percent. The only bank currently offering 24 month rates at 1.24 percent is CIT Bank. That rate is almost three times the FDIC national average rate. The minimum opening balance to earn that CD rate and CD yield at CIT Bank is $25,000.

If you don't have $25k to invest in a certificate of deposit you still can get a rate higher than the national averages. The second highest CD rate on our national rate list is from Doral Bank at 1.18 percent with an APY of 1.19 percent. The minimum opening deposit to earn this rate and yield at Doral Bank is only $1,000.

The third best CD interest rate on our list is from three different banks. Discover Bank CD rates, Barclays Bank CD rates and ableBanking CD rates on 2 year certificates of deposit are all at 1.14 percent with an APY of 1.15 percent. There is no minimum opening deposit for a CD account at Barclays Bank. ableBanking has a minimum opening deposit of $1,000 and Discover Bank's minimum opening deposit is $2,500.

Best CD Rates 2 Year Certificates of Deposit

  • CIT Bank CD Rates 1.24% APY 1.25%

  • Doral Bank CD Rates 1.18% APY 1.19%

  • Discover Bank CD Rates 1.14% APY 1.15%

  • Barclays Bank CD Rates 1.14% APY 1.15%

  • ableBanking CD Rates 1.14% APY 1.15%

  • AloStar Bank of Commerce CD Rates 1.10% APY 1.10%

  • Ally Bank CD Rates 1.09% APY 1.10%

  • USAA CD Bank Rates 1.09% APY 1.10%

  • OneWest Bank CD Interest Rates 1.09% APY 1.10%

  • California First National Bank Interest Rates 1.09% APY 1.10%

  • Colorado Federal Savings Bank CD Rates 1.09% APY 1.10%

  • AIG Bank CD Rates 1.04% APY 1.05%

As you can see there are many CD interest rates at banks above the average rates. CIT Bank CD rates at 1.24 percent are also above the FDIC's national average 2 year CD rate cap of 1.19 percent.

You can search and compare rates from many different banks by using our rate tables. We list both national CD rates and local CD rates to ensure you get the highest CD rates around.
Author: Robert Till
August 31st, 2012