Who is a 2-year CD right for?

A 2-year CD is right for someone who is looking for guaranteed returns with a predictable outcome and is comfortable receiving the invested funds after two years.

Why should I get a 2-year CD?

The interest rates for 2-year CDs are typically higher than those for traditional savings accounts, making it a practical choice for anyone who wants to yield better dividends on their savings.

Is a 2-year CD worth it?

A 2-year CD is worth it for someone who has a mid- to long-term investment plan who wants to grow their money securely and wants a higher return than a traditional savings account.

Best 2-Year CD Rates of December 2024

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Are you looking to maximize your savings without much risk? A certificate of deposit (CD) is a great low-risk investment that offers a guaranteed return. The 2-year CD is a popular choice because it provides a decent return over a short period.

However, not all CDs are created equal. Our experts bring you the best 2-year CD rates to help you get the most out of your investment.

Why trust The Motley Fool

Our team of experts assessed 100+ banking institutions
We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
Our bank ratings are never influenced by our advertising partners
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Our picks for the best 2-year CDs

Prime Alliance Bank CD 2 Year: 4.15% APY
Marcus by Goldman Sachs High Yield CD 2 Year: 3.70% APY
Synchrony Online CD 2 Year: 3.90% APY
Bask Bank CD 2 Year: 3.75% APY
Capital One 360 CD 2 Year: 3.50% APY
Quontic CD 2 Year: 3.35% APY

How to compare the best 2-year CD rates

When seeking the best 2-year CD rates, it's crucial to understand the factors that impact a good rate. Several financial institutions will offer high interest rates. However, don't just settle for the first offer that comes your way.

Here are a few factors to keep in mind when comparing 2-year CDs.

Minimum deposit

Consider whether you can meet the minimum deposit requirement for each CD you're considering. Typically, banks require a minimum deposit, which can range from a few hundred dollars to several thousand dollars, to open a CD. If you can't meet the minimum deposit, you may not be able to take advantage of the interest rate being offered.

Fees

Learn whether the bank charges any fees for opening or maintaining the CD. This can eat away at the interest you earn. Be sure to read the terms and conditions carefully to understand any fees associated with the CD.

Withdrawal penalties

Early withdrawal from a CD typically incurs a penalty fee. However, the amount of the fee can vary from one bank to another. Before opening a CD, make sure you understand the penalty fee and how it may impact your savings goals.

Compounding interest

When comparing 2-year CD rates, consider whether the interest on the CD is compounded daily, monthly, quarterly, or annually. The more frequently interest is compounded, the more your savings will grow over time.

Interest payouts

Consider when the bank pays out the interest earned on the CD. Some banks pay out interest at the end of the 2-year term, while others pay out annually or monthly. The more frequently interest is paid out, the more you can earn in interest over time.

CD maturity

It's also important to consider what happens when the CD matures -- that is, when the CD term ends and the funds are available for withdrawal or reinvestment. Most CDs will automatically renew at the end of the term if you don't take action, so be sure to understand the bank's policies regarding CD maturity and how you can reinvest or withdraw your funds.

Bank or credit union reputation

Lastly, review the reputation of the bank or credit union. Check to see if it is FDIC insured or NCUA insured, which means that your deposits are backed by the government. Research the bank's customer service reviews, branches and ATM availability, and online banking options.

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Rates as of Dec. 18, 2024

Best Certificates of Deposits (CDs) of December 2024 picks.
Bank & CD Offer	APY	Term	Min. Deposit	Next Steps
Quontic CD Member FDIC.	APY: 3.35%	Term: 2 Year	Min. Deposit: $500	Open Account for On Secure Website.
Prime Alliance Bank CD Member FDIC.	APY: 4.15%	Term: 2 Year	Min. Deposit: $500	Read Review
Bask Bank CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.70%	Term: 2 Year	Min. Deposit: $500	Read Review
Synchrony Online CD Member FDIC.	APY: 3.90%	Term: 2 Year	Min. Deposit: $0	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.05%	Term: 1 Months	Min. Deposit: $1,000
Freedom Bank High-Yield CDs from Raisin	APY: 4.30%	Term: 1 Months	Min. Deposit: $1	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.63%	Term: 3 Months	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 3 Months	Min. Deposit: $500
Discover® Bank CD Member FDIC.	APY: 2.00%	Term: 3 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Freedom Bank High-Yield CDs from Raisin	APY: 4.30%	Term: 3 Months	Min. Deposit: $1	Read Review
NexBank Standard CD Member FDIC.	APY: 3.71%	Term: 3 Months	Min. Deposit: $10,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 3 Months	Min. Deposit: $1,500	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 2.01%	Term: 3 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Flushing Bank CD Member FDIC.	APY: 4.50%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: up to 4.75%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Western Alliance Bank CD	APY: 4.50%	Term: 3 Months	Min. Deposit: $1	Open Account for On Secure Website.
Third Federal Standard CD Member FDIC.	APY: 2.00%	Term: 3 Months	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 3.00%	Term: 3 Months	Min. Deposit: $0	Read Review
Popular Direct CD Member FDIC.	APY: 4.65%	Term: 3 Months	Min. Deposit: $10,000	Read Review
Bask Bank CD Member FDIC.	APY: 4.65%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.05%	Term: 3 Months	Min. Deposit: $1,000
Wells Fargo Standard CD Member FDIC.	APY: up to 4.51%	Term: 4 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Pacific Western Bank Member FDIC.	APY: 4.90%	Term: 5 Months	Min. Deposit: —	Read Review
First National Bank Special CD Member FDIC.	APY: 4.75%	Term: 5 Months	Min. Deposit: $5,000 or $10,000, depending on term
My Banking Direct CD Member FDIC.	APY: 5.50%	Term: 5 Months	Min. Deposit: $2,500	Read Review
NexBank Standard CD Member FDIC.	APY: 4.24%	Term: 6 Months	Min. Deposit: $10,000	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 4.00%	Term: 6 Months	Min. Deposit: $250.00	Read Review
Capital One 360 CD Member FDIC.	APY: 3.80%	Term: 6 Months	Min. Deposit: $0	Read Review
EverBank Performance℠ CD	APY: 4.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 4.75%	Term: 6 Months	Min. Deposit: $1,500	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 6 Months	Min. Deposit: $500
Santander Bank CD Member FDIC.	APY: 4.15%	Term: 6 Months	Min. Deposit: $500	Read Review
Generations Bank CD Member FDIC.	APY: 5.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 6 Months	Min. Deposit: $0	Read Review
Popular Direct CD Member FDIC.	APY: 4.40%	Term: 6 Months	Min. Deposit: $10,000	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 2.01%	Term: 6 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Bask Bank CD Member FDIC.	APY: 4.45%	Term: 6 Months	Min. Deposit: $1,000	Read Review
CIT Bank CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
Prime Alliance Bank CD Member FDIC.	APY: 4.65%	Term: 6 Months	Min. Deposit: $500	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.80%	Term: 6 Months	Min. Deposit: $1,000
Arvest Bank CD Member FDIC.	APY: up to 4.30%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 6 Months	Min. Deposit: $500	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.25%	Term: 6 Months	Min. Deposit: $1,000
Generations Bank High-Yield CD from Raisin	APY: 5.21%	Term: 6 Months	Min. Deposit: $1	Read Review
Chase Standard CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Citi CD Member FDIC.	APY: 3.50%	Term: 6 Months	Min. Deposit: $500	Read Review
BMO Bank Member FDIC.	APY: 0.05%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 5.30%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 0.50%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.35%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.95%	Term: 6 Months	Min. Deposit: $2,500	Read Review
Ally High Yield CD Member FDIC.	APY: 4.40%	Term: 6 Months	Min. Deposit: $0	Read Review
Fidelity CD Member FDIC.	APY: 5.25%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Quontic CD Member FDIC.	APY: 4.25%	Term: 6 Months	Min. Deposit: $500	Open Account for On Secure Website.
Ponce Bank High-Yield CD from Raisin	APY: 4.00%	Term: 6 Months	Min. Deposit: $1	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.35%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.20%	Term: 6 Months	Min. Deposit: $0	Read Review
Western Alliance Bank CD	APY: 4.40%	Term: 6 Months	Min. Deposit: $1	Open Account for On Secure Website.
Salem Five Bank CD Member FDIC.	APY: 4.50%	Term: 6 Months	Min. Deposit: $10,000	Read Review
First Tech CD	APY: up to 4.91%	Term: 6 Months	Min. Deposit: $500	Read Review
Freedom Bank High-Yield CDs from Raisin	APY: 4.20%	Term: 6 Months	Min. Deposit: $1	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.70%	Term: 6 Months	Min. Deposit: $500	Read Review
LendingClub CD Member FDIC.	APY: 4.00%	Term: 6 Months	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 6 Months	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 3.70%	Term: 6 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Valley Bank CD Member FDIC.	APY: 4.75%	Term: 6 Months	Min. Deposit: $500
Third Federal Standard CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $500	Read Review
All America Bank CD Member FDIC.	APY: 4.50%	Term: 6 Months	Min. Deposit: $500	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 4.34%	Term: 7 Months	Min. Deposit: $1,000	Read Review
Huntington Bank Promotional CD Member FDIC.	APY: 5.13%	Term: 7 Months	Min. Deposit: $1,000
Pacific Western Bank Member FDIC.	APY: 5.00%	Term: 7 Months	Min. Deposit: —	Read Review
Ponce Bank CDs Member FDIC.	APY: 5.25%	Term: 7 Months	Min. Deposit: $1,000
Wells Fargo Standard CD Member FDIC.	APY: up to 4.26%	Term: 7 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
First National Bank Special CD Member FDIC.	APY: 4.50%	Term: 7 Months	Min. Deposit: $5,000 or $10,000, depending on term
Citi CD Member FDIC.	APY: 3.50%	Term: 7 Months	Min. Deposit: $500	Read Review
Old National Bank CD Member FDIC.	APY: 4.75%	Term: 7 Months	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 9 Months	Min. Deposit: $1,000
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 9 Months	Min. Deposit: $0	Read Review
Chase Standard CD Member FDIC.	APY: up to 4.50%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 4.30%	Term: 9 Months	Min. Deposit: $0	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 9 Months	Min. Deposit: $500	Read Review
Citi CD Member FDIC.	APY: 2.50%	Term: 9 Months	Min. Deposit: $500	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 9 Months	Min. Deposit: $1,500	Read Review
Freedom Bank No Penalty CDs from Raisin	APY: 3.65%	Term: 9 Months	Min. Deposit: $1	Read Review
Bask Bank CD Member FDIC.	APY: 4.30%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Western Alliance Bank CD	APY: 4.35%	Term: 9 Months	Min. Deposit: $1	Open Account for On Secure Website.
Forbright Bank CD Member FDIC.	APY: 5.30%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Flushing Bank CD Member FDIC.	APY: 3.75%	Term: 9 Months	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.99%	Term: 9 Months	Min. Deposit: $10,000
TD Bank CD Member FDIC.	APY: 1.00% - 4.00%	Term: 9 Months	Min. Deposit: $250.00	Read Review
Sallie Mae CD	APY: 4.00%	Term: 9 Months	Min. Deposit: $2,500	Read Review
Discover® Bank CD Member FDIC.	APY: 3.80%	Term: 9 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Salem Five Bank CD Member FDIC.	APY: 4.25%	Term: 9 Months	Min. Deposit: $10,000	Read Review
Generations Bank High-Yield CD from Raisin	APY: 5.31%	Term: 10 Months	Min. Deposit: $1	Read Review
LendingClub CD Member FDIC.	APY: 4.25%	Term: 10 Months	Min. Deposit: $2,500	Open Account for On Secure Website.
CIT Bank No-Penalty CD Member FDIC.	APY: 3.50%	Term: 11 Months	Min. Deposit: $1,000	Open Account for CIT Bank No-Penalty CD On CIT's Secure Website.
Republic Bank of Chicago CD Member FDIC.	APY: 4.04%	Term: 11 Months	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.75%	Term: 11 Months	Min. Deposit: $0	Read Review
Huntington Bank Promotional CD Member FDIC.	APY: 4.86%	Term: 11 Months	Min. Deposit: $1,000
Chase Standard CD Member FDIC.	APY: 2.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $0	Read Review
Western Alliance Bank CD	APY: 4.25%	Term: 1 Year	Min. Deposit: $1	Open Account for On Secure Website.
Third Federal Standard CD Member FDIC.	APY: 1.50%	Term: 1 Year	Min. Deposit: $500	Read Review
Sallie Mae CD	APY: 4.10%	Term: 1 Year	Min. Deposit: $2,500	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.40%	Term: 1 Year	Min. Deposit: $1,000
Tab Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.60%	Term: 1 Year	Min. Deposit: $0	Read Review
Quontic CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $500	Open Account for On Secure Website.
Capital One 360 CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $0	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 1 Year	Min. Deposit: $500	Read Review
Arvest Bank CD Member FDIC.	APY: up to 4.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.50%	Term: 1 Year	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $0	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.40%	Term: 1 Year	Min. Deposit: $1,000
First Internet Bank of Indiana CD Member FDIC.	APY: 4.42%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Freedom Bank High-Yield CDs from Raisin	APY: 4.00%	Term: 1 Year	Min. Deposit: $1	Read Review
Citi CD Member FDIC.	APY: 2.50%	Term: 1 Year	Min. Deposit: $500	Read Review
Freedom Bank No Penalty CDs from Raisin	APY: 3.75%	Term: 1 Year	Min. Deposit: $1	Read Review
EverBank Performance℠ CD	APY: 4.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 4.30%	Term: 1 Year	Min. Deposit: $1,500	Read Review
Barclays Online CD Member FDIC.	APY: 4.15%	Term: 1 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
NexBank Standard CD Member FDIC.	APY: 4.37%	Term: 1 Year	Min. Deposit: $10,000	Read Review
LendingClub CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Connexus Credit Union Share CD	APY: 4.51%	Term: 1 Year	Min. Deposit: $5,000	Read Review
Popular Direct CD Member FDIC.	APY: 4.30%	Term: 1 Year	Min. Deposit: $10,000	Read Review
Citizens CD Member FDIC.	APY: 5.00%	Term: 1 Year	Min. Deposit: $5,000	Read Review
Valley Bank CD Member FDIC.	APY: 4.50%	Term: 1 Year	Min. Deposit: $500
Charles Schwab CD Member FDIC.	APY: up to 4.50%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.20%	Term: 1 Year	Min. Deposit: $500	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 3.75%	Term: 1 Year	Min. Deposit: $250.00	Read Review
Flushing Bank CD Member FDIC.	APY: 3.85%	Term: 1 Year	Min. Deposit: $1,000	Read Review
First Tech CD	APY: up to 4.55%	Term: 1 Year	Min. Deposit: $500	Read Review
Bask Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 1 Year	Min. Deposit: $500
Generations Bank CD Member FDIC.	APY: 5.20%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $10,000	Read Review
All America Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $500	Read Review
Forbright Bank CD Member FDIC.	APY: 5.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 5.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.40%	Term: 1 Year	Min. Deposit: $0	Read Review
Fidelity CD Member FDIC.	APY: 5.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
BMO Bank Member FDIC.	APY: 2.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 0.75%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 1 Year	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
BMO CD Specials Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $1,000	Read Review
Santander Bank CD Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $500	Read Review
SchoolsFirst Federal Credit Union CD Federally insured by NCUA.	APY: 5.00%	Term: 13 Months	Min. Deposit: $500
Republic Bank of Chicago CD Member FDIC.	APY: 4.33%	Term: 13 Months	Min. Deposit: $1,000	Read Review
CIT Bank CD Member FDIC.	APY: 3.50%	Term: 13 Months	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
First National Bank Special CD Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $5,000 or $10,000, depending on term
Pacific Western Bank Member FDIC.	APY: 5.15%	Term: 13 Months	Min. Deposit: —	Read Review
Citi CD Member FDIC.	APY: 0.50% to 1.01%	Term: 15 Months	Min. Deposit: $500	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.54%	Term: 15 Months	Min. Deposit: $10,000
Golden 1 Credit Union CD Federally insured by NCUA.	APY: 5.10%	Term: 16 Months	Min. Deposit: $500	Read Review
Alliant CD Member FDIC.	APY: 4.25%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.85%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.40%	Term: 1.5 Year	Min. Deposit: $1,000
NexBank Standard CD Member FDIC.	APY: 3.98%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.70%	Term: 1.5 Year	Min. Deposit: $0	Read Review
American Express National Bank CD Member FDIC.	APY: 3.35%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Synchrony Online CD Member FDIC.	APY: 4.25%	Term: 1.5 Year	Min. Deposit: $0	Read Review
BMO Bank Member FDIC.	APY: 1.70%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.15%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 5.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $1,500	Read Review
Ally High Yield CD Member FDIC.	APY: 4.00%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Salem Five Bank CD Member FDIC.	APY: 3.50%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 3.00%	Term: 1.5 Year	Min. Deposit: $250.00	Read Review
Tab Bank CD Member FDIC.	APY: 3.95%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
CIT Bank CD Member FDIC.	APY: 3.00%	Term: 1.5 Year	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
Discover® Bank CD Member FDIC.	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Bask Bank CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.15%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
E*TRADE CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $0	Read Review
EverBank Performance℠ CD	APY: 3.70%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $500	Read Review
LendingClub CD Member FDIC.	APY: 3.75%	Term: 1.5 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Republic Bank of Chicago CD Member FDIC.	APY: 1.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $2,500	Read Review
Citi CD Member FDIC.	APY: 2.45%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 1.5 Year	Min. Deposit: $1,000
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 1.5 Year	Min. Deposit: $500
Fidelity CD Member FDIC.	APY: 5.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.25%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.25%	Term: 1.5 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Vio Bank High-Yield CD Member FDIC.	APY: 4.00%	Term: 1.5 Year	Min. Deposit: $500	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 19 Months	Min. Deposit: $5,000 or $10,000, depending on term
Vio Bank High-Yield CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $500	Read Review
E*TRADE CD Member FDIC.	APY: 3.80%	Term: 2 Year	Min. Deposit: $0	Read Review
NexBank Standard CD Member FDIC.	APY: 3.55%	Term: 2 Year	Min. Deposit: $10,000	Read Review
BMO Bank Member FDIC.	APY: 1.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Generations Bank CD Member FDIC.	APY: 4.24%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 2 Year	Min. Deposit: $1,000
First Tech CD	APY: up to 2.25%	Term: 2 Year	Min. Deposit: $500	Read Review
Flushing Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 2 Year	Min. Deposit: $500
Discover® Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
TD Bank CD Member FDIC.	APY: 1.00% - 3.00%	Term: 2 Year	Min. Deposit: $250.00	Read Review
Popular Direct CD Member FDIC.	APY: 3.80%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Citizens CD Member FDIC.	APY: 4.00%	Term: 2 Year	Min. Deposit: $5,000	Read Review
EverBank Performance℠ CD	APY: 3.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.40%	Term: 2 Year	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.10%	Term: 2 Year	Min. Deposit: $1,000
First Internet Bank of Indiana CD Member FDIC.	APY: 3.93%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 4.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 2 Year	Min. Deposit: $1,000
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 2 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Fidelity CD Member FDIC.	APY: 4.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
LendingClub CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Arvest Bank CD Member FDIC.	APY: up to 3.55%	Term: 2 Year	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Read Review
Tab Bank CD Member FDIC.	APY: 3.85%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Connexus Credit Union Share CD	APY: 4.53%	Term: 2 Year	Min. Deposit: $5,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.85%	Term: 2 Year	Min. Deposit: $1,500	Read Review
All America Bank CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $500	Read Review
Sallie Mae CD	APY: 3.75%	Term: 2 Year	Min. Deposit: $2,500	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 2 Year	Min. Deposit: $500	Read Review
Valley Bank CD Member FDIC.	APY: 4.00%	Term: 2 Year	Min. Deposit: $500
Republic Bank of Chicago CD Member FDIC.	APY: 1.00%	Term: 2 Year	Min. Deposit: $1,000	Read Review
BMO CD Specials Member FDIC.	APY: 3.75%	Term: 25 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 25 Months	Min. Deposit: $5,000 or $10,000, depending on term
EverBank Performance℠ CD	APY: 3.50%	Term: 30 Months	Min. Deposit: $1,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 30 Months	Min. Deposit: $0	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 30 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
BMO CD Specials Member FDIC.	APY: 3.75%	Term: 35 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 35 Months	Min. Deposit: $5,000 or $10,000, depending on term
All America Bank CD Member FDIC.	APY: 3.25%	Term: 3 Year	Min. Deposit: $500	Read Review
Sallie Mae CD	APY: 3.60%	Term: 3 Year	Min. Deposit: $2,500	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 3.75%	Term: 3 Year	Min. Deposit: $500	Read Review
Citizens CD Member FDIC.	APY: 3.35%	Term: 3 Year	Min. Deposit: $5,000	Read Review
LendingClub CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 3 Year	Min. Deposit: $1,000
Charles Schwab CD Member FDIC.	APY: up to 4.25%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
First Internet Bank of Indiana CD Member FDIC.	APY: 3.77%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $1,500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 2.75%	Term: 3 Year	Min. Deposit: $250.00	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.65%	Term: 3 Year	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $0	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.00%	Term: 3 Year	Min. Deposit: $10,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $1,000	Read Review
First Tech CD	APY: up to 2.45%	Term: 3 Year	Min. Deposit: $500	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 3 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 3 Year	Min. Deposit: $1,000
Edward Jones CD Member FDIC.	APY: 4.80%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 4.80%	Term: 3 Year	Min. Deposit: $1,000	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 3 Year	Min. Deposit: $0	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $0	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.00%	Term: 3 Year	Min. Deposit: $1,000
Citi CD Member FDIC.	APY: 2.00%	Term: 3 Year	Min. Deposit: $500	Read Review
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $0	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.65%	Term: 3 Year	Min. Deposit: $10,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.44%	Term: 3 Year	Min. Deposit: $10,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 3 Year	Min. Deposit: $500
E*TRADE CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $0	Read Review
Quontic CD Member FDIC.	APY: 3.25%	Term: 3 Year	Min. Deposit: $500	Open Account for On Secure Website.
BMO Bank Member FDIC.	APY: 1.40%	Term: 3 Year	Min. Deposit: $1,000	Read Review
PNC Fixed Rate CD Member FDIC.	APY: up to 1.75%	Term: 37 Months	Min. Deposit: $1,000	Read Review
BMO CD Specials Member FDIC.	APY: 3.80%	Term: 45 Months	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 4 Year	Min. Deposit: $0	Read Review
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 4 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Prime Alliance Bank CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $500	Read Review
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 4 Year	Min. Deposit: $0	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Ponce Bank High-Yield CD from Raisin	APY: 1.61%	Term: 4 Year	Min. Deposit: $1	Read Review
BMO Bank Member FDIC.	APY: 1.35%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 4.55%	Term: 4 Year	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 3.85%	Term: 4 Year	Min. Deposit: $1,000
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 4 Year	Min. Deposit: $1,000
Popular Direct CD Member FDIC.	APY: 3.60%	Term: 4 Year	Min. Deposit: $10,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 4 Year	Min. Deposit: $500	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.25%	Term: 4 Year	Min. Deposit: $1,000
Citizens CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $5,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 3.80%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 4 Year	Min. Deposit: $500
NexBank Standard CD Member FDIC.	APY: 3.34%	Term: 4 Year	Min. Deposit: $10,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $1,500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.62%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.25%	Term: 4 Year	Min. Deposit: $10,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Edward Jones CD Member FDIC.	APY: 4.55%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $0	Read Review
All America Bank CD Member FDIC.	APY: 3.25%	Term: 4 Year	Min. Deposit: $500	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 4 Year	Min. Deposit: $500	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.09%	Term: 49 Months	Min. Deposit: $10,000
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 52 Months	Min. Deposit: $5,000 or $10,000, depending on term
BMO CD Specials Member FDIC.	APY: 3.90%	Term: 59 Months	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.30%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $1,500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 4.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.50%	Term: 5 Year	Min. Deposit: $500
Popular Direct CD Member FDIC.	APY: 3.55%	Term: 5 Year	Min. Deposit: $10,000	Read Review
Fidelity CD Member FDIC.	APY: 4.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $0	Read Review
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $0	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 5 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Ally High Yield CD Member FDIC.	APY: 3.60%	Term: 5 Year	Min. Deposit: $0	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 5 Year	Min. Deposit: $1,000
First Tech CD	APY: up to 3.55%	Term: 5 Year	Min. Deposit: $500	Read Review
Citizens CD Member FDIC.	APY: 3.45%	Term: 5 Year	Min. Deposit: $5,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 5 Year	Min. Deposit: $1,000
NexBank Standard CD Member FDIC.	APY: 3.29%	Term: 5 Year	Min. Deposit: $10,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 3.75%	Term: 5 Year	Min. Deposit: $1,000
Tab Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 5 Year	Min. Deposit: $500	Read Review
Quontic CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $500	Open Account for On Secure Website.
All America Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $500	Read Review
Barclays Online CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
E*TRADE CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $0	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 5 Year	Min. Deposit: $500	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 2.25%	Term: 5 Year	Min. Deposit: $250.00	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $500	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.67%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.25%	Term: 5 Year	Min. Deposit: $10,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 5 Year	Min. Deposit: $0	Read Review
Sallie Mae CD	APY: 3.75%	Term: 5 Year	Min. Deposit: $2,500	Read Review
BMO Bank Member FDIC.	APY: 1.35%	Term: 5 Year	Min. Deposit: $1,000	Read Review
LendingClub CD Member FDIC.	APY: 3.40%	Term: 5 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 61 Months	Min. Deposit: $5,000 or $10,000, depending on term
PNC Fixed Rate CD Member FDIC.	APY: up to 2.00%	Term: 61 Months	Min. Deposit: $1,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 6 Year	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 6 Year	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 7 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 10 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.

Our CDs methodology

At Motley Fool Money, our certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Motley Fool Money tracks just standard CDs, not IRA, bump up, callable, and other less popular CD accounts. CD rates displayed on this Best 2-Year CD Rates page are comprised of both the highest CD rates in Motley Fool Money's universe of tracked rates and featured placements from advertisers. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list.
Learn more about how Motley Fool Money rates bank accounts.

A note from our head of product ratings, Robin Hartill, CFP®

The CD accounts we select maximize the earnings on your savings while providing security and predictability. Here's what we emphasize:

Competitive interest rates
Reasonable minimum deposit
Low fees and withdrawal penalties

These elements are critical to keeping your savings safe and compounding.

Reviews of the top 2-year CDs

Quontic CD 2 Year (3.35% APY)

What we like about this 2-year CD: You don't need much time or money to open a CD with Quontic -- with $500 and three minutes (according to the bank's website), this CD can be yours.
What you should know before opening an account: If you need to close your Quontic CD early, you'll lose all the interest you've earned, so tread lightly if you think you might need your money before the term is up.

Learn more on Quontic's website

Prime Alliance Bank CD 2 Year (4.15% APY)

What we like about this 2-year CD: Prime Alliance Bank CDs come with a reasonable $500 minimum deposit to open.
What you should know before opening an account: You don't get much choice of terms for CDs from Prime Alliance Bank, so if you want to include them in a CD ladder, you might need to look to other banks to fill out your rungs.

Read our full Prime Alliance Bank review

Bask Bank CD 2 Year (3.75% APY)

What we like about this 2-year CD: Two years is your longest option for a Bask Bank CD, and the rate certainly doesn't disappoint.
What you should know before opening an account: The required minimum deposit for a Bask Bank CD isn't the highest we've seen ($1,000), but it's enough to give beginning savers pause.

Read our full Bask Bank CD review

Marcus by Goldman Sachs High Yield CD 2 year (3.70% APY)

What we like about this 2-year CD: Most CDs don't let you add additional cash beyond a short grace period after you open the account. But Marcus by Goldman Sachs High Yield CDs let you do so for up to 30 days after opening your account.
What you should know before opening an account: There's a fairly low minimum deposit of $500 required to open a CD with Marcus by Goldman Sachs.

Read our full Marcus by Goldman Sachs High Yield CD review

Synchrony Online CD 2 Year (3.90% APY)

What we like about this 2-year CD: Want to open a CD with a minimal amount of money? You can do it at Synchrony Bank -- there's no required minimum deposit.
What you should know before opening an account: You can withdraw interest from a Synchrony Online CD as you earn it, but you'll end up with a lower total yield overall.

Read our full Synchrony Online CD review

Capital One 360 CD 2 Year (3.50% APY)

What we like about this 2-year CD: Capital One's 2-year CD doesn't have the highest rate on our list, but no minimum deposit and 10 available terms makes this bank a good choice for a CD ladder.
What you should know before opening an account: You won't find no-penalty or bump-up CD options at Capital One, so make sure you can leave your money in place for the full term to avoid a penalty.

Read our full Capital One 360 CD review

What is a 2-year CD?

A 2-year CD, or certificate of deposit, is a bank deposit account that requires the account holder to leave their funds on deposit for a period of two years. In exchange for leaving the money on deposit, a 2-year CD pays a fixed interest rate, or APY, for the entire term.

The rates paid on 2-year CDs vary according to market conditions, as well as among different financial institutions. Money in a 2-year CD can be withdrawn early, but doing so will typically result in a penalty equal to a few months' worth of interest.

Will 2-year CD rates increase in 2024?

At the beginning of 2024, CD rates were at their highest level in several years, and many consumers are wondering if they will continue to rise.

The short answer is that nobody knows what will happen with CD rates. But they tend to move in the same direction as the benchmark interest rates set by the Federal Reserve (specifically the federal funds rate). The Fed's rate hike cycle that started in 2022 and lasted through 2023 is the primary reason CD yields started 2024 at such an elevated level.

However, the overwhelming majority of experts -- including the voting members of the Federal Reserve -- expect rates to start falling later in 2024. So, while there's no guarantee, and CD rates certainly could go higher in 2024, the most likely scenario is the opposite.

Pros and cons of a 2-year CD

Among the various types of CDs, a 2-year CD offers a good balance of yield and flexibility, especially for those who don't want to tie up their money for too long. Here are the pros and cons of choosing a 2-year CD

Pros

Higher interest rates: Compared to a regular savings account, a 2-year CD typically offers a higher yield, which means you can earn more interest on your money over time.
Fixed rate: Unlike a variable-rate savings account, where the interest rate can change over time, a fixed-rate CD locks in your rate for the entire term.
Predictable returns: With a fixed rate and term, you can calculate your total return in advance and plan accordingly.
Low risk: CDs are FDIC insured, which means that if the bank fails, your money is protected up to $250,000 per depositor.

Cons

Limited flexibility: Once you deposit your money into a 2-year CD, you typically can't withdraw it without paying an early withdrawal penalty. Therefore, it's important to only invest money that you won't need in the near future.
Opportunity cost and interest rate risk: While a 2-year CD can provide steady returns, it may not keep pace with inflation or other investment opportunities that offer higher potential returns. Also in a rising interest rate market, the interest rate offered on your 2-year CD may become less competitive than other investment options.
Low liquidity: Some people may prefer to keep their savings in a more liquid account, such as a savings account or money market account, that they can access any time without penalty.

Alternatives to consider

In addition to a 2-year CD, there are other investment options to consider.

Shorter-term CDs

You can opt for a shorter-term CD like a 6-month CD or 12-month CD if you don't want to commit as much money. This can be a good option if you need fast access to your money.

Longer-term CDs

On the other hand, if you have extra cash that you're not going to need for a long time, then you should consider a longer-term CD. Longer-term CDs, like a 5-year CD, allow you to lock in an interest rate for a longer period of time.

High-yield savings accounts

Another option is a high-yield savings account. While the interest rates are historically not as high as CDs, savings accounts are flexible and allow you to make deposits and withdrawals as needed.

Money market accounts

A money market account can offer higher rates than a savings account or checking account because they may have higher minimum deposit requirements.

Money market accounts have some restrictions on withdrawals, so this account is a good option for more extended savings goals.

Investments

Another option to consider is to invest your money in stocks, bonds, or real estate. Investments like these always come with higher risk. But, for those looking for more significant long-term returns and have a higher risk tolerance, investing can be a good alternative to a CD.

To recap, the highest 2-year CD rates

Offer	APY	Min. Deposit
Quontic CD On Quontic's Secure Website.	3.35% - 2 Yr.	$500
Prime Alliance Bank CD	4.15% - 2 Yr.	$500
Bask Bank CD	3.75% - 2 Yr.	$1,000
Marcus by Goldman Sachs High Yield CD	3.70% - 2 Yr.	$500
Synchrony Online CD	3.90% - 2 Yr.	$0
Capital One 360 CD	3.50% - 2 Yr.	$0

APY = Annual Percentage Yield

Other CD term lengths to consider

Banks we monitor

Here are the 100+ financial institutions we've evaluated in our research:

Alliant, Ally, All America Bank, American First Credit Union, American Express National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO Bank, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi®, Synchrony Bank, TAB Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.

FAQs

A 2-year CD is right for someone who is looking for guaranteed returns with a predictable outcome and is comfortable receiving the invested funds after two years.
The interest rates for 2-year CDs are typically higher than those for traditional savings accounts, making it a practical choice for anyone who wants to yield better dividends on their savings.
A 2-year CD is worth it for someone who has a mid- to long-term investment plan who wants to grow their money securely and wants a higher return than a traditional savings account.
A 2-year CD is a bank deposit account that requires the account holder to leave their funds on deposit for a period of two years. In exchange for leaving the money on deposit, a 2-year CD pays a fixed interest rate, or APY, for the entire term.

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Best 2-Year CD Rates of 2024