The 14 best 2-year CD rates right now
The search for stable and profitable investment options is perpetual, and for those seeking safety and a decent yield, 2-year CDs (Certificates of Deposit) are a popular choice. Here is a list of the 14 best 2-year CD rates available right now:
1. Ally Bank offers a competitive APY (Annual Percentage Yield) with no minimum deposit, which makes it accessible for investors with varying budgets.
2. Marcus by Goldman Sachs comes in strong with an attractive rate, backed by the reputation of a leading global investment banking firm.
3. Capital One provides a high-yield option without any monthly fees, coupled with easy online management.
4. Discover Bank boasts one of the top rates out there paired with an intuitive online interface for account holders.
5. Barclays Bank has not only competitive rates but also boasts an international presence and a name many investors trust.
6. American Express National Bank steps up with a very competitive rate and the backing of one of the world’s most recognized financial brands.
7. Synchrony Bank offers one of the higher interest rates and an added perk of an ATM card for easier access to funds.
8. TIAA Bank captures clients with its Yield Pledge promise, ensuring that its rates are always among the top in the market.
9. CIT Bank places itself high on the list with admirable rates and a focus on personal banking services.
10. Navy Federal Credit Union shines for members of the military community with some of the best rates you can find among credit unions.
11. PenFed Credit Union is open to all and offers rates that compete strongly on the national stage.
12. Connexus Credit Union brings forward highly competitive CD rates coupled with membership perks for a comprehensive banking experience.
13. PurePoint Financial has been noticed for high APYs and customer-friendly policies that incentivize savings growth effectively.
14. Radius Bank stands out for not only its CD rates but also its comprehensive online banking solutions that cater to modern financial needs.
While these institutions offer some of the best rates around, it’s paramount to keep an eye on potential fees, minimum deposit requirements, early withdrawal penalties, and to review each bank’s specific terms and conditions before making any financial commitments. Always consider your personal financial situation and goals when selecting a CD.