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The best 2-year CD rates of August 2020
|Editor's rating (out of 5)||APY||Minimum deposit||Next steps|
|4.09||1.10% to 1.15%||$1,000||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
|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
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