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Best 2-year CD rates for February 2024

Best available rates across different account types for Saturday, February 24, 2024

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Current savings trends
Bankrate Partner average
4.62% APY
National average
0.59% APY

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Bankrate's picks for the top 2-year CD rates

Note: Annual percentage yields (APYs) shown are as of Feb. 24, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

TAB Bank

TAB Bank_logo
Rating: 4.6 stars out of 5
4.6

Overview

Transportation Alliance Bank (TAB Bank) offers eight terms of CDs. Those CD terms range from six months to 5 years. You’ll need at least $1,000 to open one of these CDs.

In addition to these CDs, TAB Bank also offers two checking accounts, a savings account and a money market account.

Serving both individuals and businesses, TAB Bank was established in 1998 in Ogden, Utah, as a banking service inside truck stops.
Invest Rate
5.00% APY
Loan
$1,000 minimum deposit

First Internet Bank of Indiana

First Internet Bank of Indiana_logo
Rating: 4.6 stars out of 5
4.6

Overview

First Internet Bank of Indiana is an FDIC-insured financial institution that operates online and has no branches. It opened in 1999 and offers products in all 50 states.

First Internet Bank offers eight terms of CDs, a money market savings account with a competitive yield, a savings account and two checking accounts.
Invest Rate
4.86% APY
Loan
$1,000 minimum deposit

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

Popular Direct CDs are for established savers, since the CDs have a $10,000 minimum deposit requirement. The CDs are offered in eight fixed terms, from three months to five years. Popular Direct’s High-Rise savings account offers a competitive yield and requires a $5,000 minimum deposit.

All Popular Direct deposit accounts are opened through Popular Bank.
Invest Rate
4.80% APY
Loan
$10,000 minimum deposit

CIBC Bank USA

CIBC Bank USA_logo
Rating: 4.5 stars out of 5
4.5

Overview

CIBC Bank USA, formerly The PrivateBank and Trust Co., was founded in 1991 and is based in Chicago. It was rebranded as CIBC Bank USA.

CIBC has 12 CD terms, ranging from 30 days to five years. The minimum deposit to open a CD is $1,000. Also offered are a savings account, a money market account and three checking accounts.
Invest Rate
4.65% APY
Loan
$1,000 minimum deposit

Bread Savings

Bread Savings_logo
Rating: 4 stars out of 5
4.0

Overview

Bread Savings, formerly Comenity Direct, is an online bank that offers high-yield savings products and five terms of CDs ranging from one to five years.

Bread Savings is part of Comenity Capital Bank, which is a unit of Bread Financial.
Invest Rate
4.65% APY
Loan
$1,500 minimum deposit

America First Credit Union

America First Credit Union_logo
Rating: 5 stars out of 5
5.0

Overview

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500.

It also offers a variety of checking and savings accounts.
Invest Rate
4.50% APY
Loan
$500 minimum deposit

Quontic Bank

Quontic Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

Quontic Bank is an online bank that offers CDs as well as savings, money market and checking accounts.

A $500 minimum deposit is required to open a Quontic Bank CD and five terms are offered, ranging from six months to five years.
Invest Rate
4.50% APY
Loan
$500 minimum deposit

Bask Bank

Bask Bank_logo
Rating: 4.4 stars out of 5
4.4

Overview

Bask Bank began offering CDs in 2022, and its four CD terms range from six months to two years. The bank also offers a savings account with a competitive APY and another savings account that earns American Airlines miles.

Bask Bank has been around since 2020 and is a division of Texas Capital Bank.
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