Skip to Main Content

Best 2-year CD rates for March 2024

Best available rates across different account types for Thursday, March 28, 2024

Bankrate logo The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Learn more about who we are and our promise to guide you through life’s financial journey.

Show me:
Current savings trends
Bankrate Partner average
4.85% APY
National average
0.58% APY

On This Page

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

Note: Annual percentage yields (APYs) shown are as of Mar. 28, 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.

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
4.82% APY
Loan
$1,000 minimum deposit

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
4.80% 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
4.70% APY
Loan
$10,000 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.
Invest Rate
4.50% APY
Loan
$1,000 minimum deposit

Sallie Mae Bank

Sallie Mae Bank_logo
Rating: 4.4 stars out of 5
4.4

Overview

Sallie Mae Bank offers 11 terms of CDs as well as a savings account and a money market account with no minimum balance requirements or monthly fees. All of these products offer competitive yields.

Sallie Mae Bank was established in 2005 and has its headquarters in Salt Lake City. In 2014, Sallie Mae became a stand-alone consumer banking business.
Invest Rate
4.50% APY
Loan
$2,500 minimum deposit

LendingClub Bank

LendingClub Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

LendingClub is an online bank that offers six terms of CDs ranging from six months to five years. A $2,500 minimum deposit is required.

In addition to CDs, LendingClub offers a high-yield savings account and a rewards checking account.
Invest Rate
4.50% APY
Loan
$2,500 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
4.45% APY
Loan
$1,000 minimum deposit

What is a 2-year CD?

Think of a CD as a higher-paying savings account stashed in a safe with a time lock. But unlike a savings account with a variable annual percentage yield (APY), the yield on a CD is fixed and won’t change during the term. At the end of the term, you can renew the CD or shop around for another one, potentially with a higher yield, if the interest rate environment has improved. After a CD’s maturity date, it likely will renew automatically after a grace period, typically within seven to 10 days.

The best two-year CD rates pay far more than the national average of 1.52 percent APY, according to Bankrate’s national index survey of banks and thrifts on Mar. 28, 2024. Here are some of the top widely available two-year CD rates. Compare these offers, then calculate how much interest you could earn when your CD matures.

2-year CD FAQs

Research methodology

At Bankrate, we strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is unbiased and not influenced by advertisers. Our editorial team receives no direct compensation from advertisers and our content is thoroughly fact-checked to ensure accuracy.

Bankrate regularly surveys around 70 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks.

To find the best CDs, our editorial team analyzes various factors, such as: annual percentage yield, the minimum needed to earn that APY (or to open the CD) and whether or not it is broadly available. All of the accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or by the National Credit Union Share Insurance Fund (NCUSIF).

When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.