The best 2-year CD rates for August 2020

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The best 2-year CD rates of August 2020

  Editor's rating (out of 5) APY Minimum deposit Next steps
Delta Community Credit Union
4.10 1.25% $1,000 Learn more
Navy Federal Credit Union
4.09 1.10% to 1.15% $1,000 Learn more
nbkc bank
3.93 1.10% $1,000 Learn more
First Internet Bank
3.89 1.06% $1,000 Learn more
Sallie Mae
3.82 1.05% $2,500 Learn more
Comenity Direct
3.69 1.05% $1,500 Learn more
Quontic
3.63 1.11% $500 Learn more
First National Bank of America
3.63 1.05% $1,000 Learn more
Connexus Credit Union
3.56 1.11% $5,000

Learn more

*As of July 2020, the national average APY on a 2-year CD is 0.29%, according to the FDIC.

2-year CD rates at the largest US banks

Bank APY Next steps
Citibank 0.20% Learn more
Capital One 0.75% Learn more
PNC Bank 0.05% to 0.10% Learn more
TD Bank 0.15% to 0.20% Learn more
Bank of America 0.03% Learn more
Chase Bank 0.02% to 0.10% Learn more
US Bank 0.10% Learn more
Charles Schwab Bank 0.25% Learn more
Wells Fargo 0.02% to 0.03% Learn more
BB&T Bank 0.01% Learn more

If you want to grow your money but keep it safe from the turbulence of the stock market, a certificate of deposit (CD) may be a good option. 

Right now, the best 2-year CD rates are around 1.10%. You can snag a higher APY with longer CD terms, but 2-year CDs have their perks.

You'll likely earn a higher APY on a 2-year CD than with a 1-year CD, and you won't have to part with your money for as long as you would with a longer term. Two-year terms provide a nice balance of a good rate and a relatively short length of time.

  • The best 2-year CD rates of August 2020
  • 2-year CD rates at the largest US banks
  • Learn more about our top picks
  • Other 2-year CDs we considered
  • Frequently asked questions

Learn more about our top picks

Delta Community Credit Union Certificate of Deposit

Delta Community Credit Union Delta Community Credit Union Certificate of DepositNavy Federal Credit Union Navy Federal Credit Union Standard CertificateNBKC Bank NBKC Certificate of DepositFirst Internet Bank of Indiana First Internet Bank of Indiana Certificate of DepositSallie Mae Sallie Mae Certificate of DepositComenity Direct Comenity Direct Certificate of DepositQuontic Bank Quontic Bank Certificate of DepositFirst National Bank of America First National Bank of America Certificate of DepositConnexus Credit Union Connexus Credit Union Share CertificateCIT CIT Bank Savings Builder High Yield Savings AccountDiscover Discover Online Savings AccountAmerican Express American Express® Personal Savings

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