Compare the Best 24-Month CD Rates Online.
A 2-year CD (Certificate of Deposit) is a savings option where you deposit funds with a bank or credit union for 24 months in exchange for a fixed interest rate. CDs are known for their stability, making them a popular choice for risk-averse savers. Once your term is up, you’ll receive your initial deposit plus interest. This simple structure helps build your savings with the assurance of a guaranteed rate.
The following table displays the best interest rates from 454 banks and credit unions. Sort by rate or filter by term.
Our Favorite Certificates Of Deposit
As of October 2026, we recommend any of the banks and credit unions at Raisin because most of the accounts on their platform only require $1 to open an account, which allows you to spread your risk among several financial institutions rather than having all your eggs in one basket.
Why Compare 2-Year CD Rates?
Rates vary significantly across banks and credit unions, so it’s worth it to compare rates before you buy to ensure you’re maximizing your returns. Our brokers aim to get you the best interest rates for your CD. Shopping around lets you grow your savings effectively with higher returns.
Why Use a Broker to Compare 2-Year CD Rates?
Most consumers assume they’re getting the best rate by going directly to their local bank. That’s rarely true. As an independent broker, we give you access to a wide network of CD products from dozens of financial institutions—many of which offer exclusive rates not publicly advertised. We do the shopping, so you don’t have to.
Whether you’re looking for a place to safely grow emergency savings, protect a windfall, or diversify your fixed income strategy, comparing CD rates through our platform gives you the upper hand.
What We Do for You
✔ Compare 2-Year CD Rates Across 100+ Institutions
We pull the most competitive rates nationwide in real time, including from online banks, regional credit unions, and specialty institutions.
✔ Screen for Early Withdrawal Penalties
Not all 2-year CDs carry the same penalty structure. We help you choose the safest option in case you need to access funds early.
✔ Match Your Needs to the Right Account
Some CDs are callable, some auto-renew, some don’t accept IRA funds. We simplify the fine print to match your investment goal.
✔ Ensure FDIC or NCUA Insurance
We only recommend banks and credit unions insured by the FDIC or NCUA up to $250,000 per depositor.
✔ Free Personalized Help
Our agents provide one-on-one help to review your cash strategy and make sure a 2-year CD fits your short-term or mid-term goals.
Pros and Cons of 2-Year CDs
✔ Pros:
- Higher yields than savings accounts and 1-year CDs
- Safe and predictable return
- FDIC or NCUA insured
- Ideal for laddering or short-term savings goals
✘ Cons:
- Early withdrawal penalties apply
- Fixed rate may underperform in rising rate environments
- No liquidity unless paired with a CD ladder or separate cash reserves
Who Should Use a 2-Year CD
You need it if:
- You want to lock in a decent rate without tying up money long-term
- You’re building a CD ladder to generate predictable income
- You have money earmarked for use in 1–3 years (e.g. tuition, home down payment)
- You want principal protection over market risk
You don’t need it if:
- You need access to funds before 24 months
- You expect interest rates to rise sharply
- You’re seeking high growth and are comfortable with market risk
- You already have a CD maturing in the same window
Alternative Savings Option: CD Annuities
If you’re age 60 or saving for retirement, consider a CD annuity as an alternative to traditional CDs for potentially higher interest rates and better liquidity.
CD annuities often offer added benefits, such as tax-deferred growth, making them attractive for retirement planning. Advisors and brokers can guide you through these options, ensuring they fit your financial goals.
We Aim to Get You the Highest Interest Rates
Our mission at The Annuity Expert is to help you grow your savings by comparing the highest interest rates available. With no obligation, shop for the best rates from banks and credit unions online to make the most informed decision for your savings plan.
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