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Best 2-Year CD Rates For July 2024
Shop around before you buy a two-year CD. The best rates for a certificate of deposit pay way more than the national average.
Making good financial decisions enables people to get more out of life and I’m happy to contribute to that endeavor.
— Matthew Goldberg
About the author
Matthew Goldberg is a senior consumer banking reporter at Bankrate where he uses his more than 13 years of financial services experience to help inform readers about their important personal finance decisions.
Nearly his entire career, since 1998, has either been as a reporter, editor or working in the banking and insurance industry. Matthew’s banking career includes being a banker in New York City and being a bank officer at one of the largest banks in the U.S. He first gained his experience with deposit products and auto loans while representing a Federal Deposit Insurance Corp. (FDIC) online bank.
His reporting career includes working as a staff reporter at two daily newspapers. He earned his first newspaper bylines in 1998. Matthew’s been interviewed on television news and radio stations across the U.S. Previously, he was a weekly panelist on the SportsWriter’s show on WGEM AM ESPN 1440 in Quincy, Illinois and an occasional co-host and call-in guest on WGEM SportsCenter.
Matthew is currently a member of the Board of Governors at the Society for Advancing Business Editing and Writing (SABEW), which is the world's largest and oldest organization of business and financial journalists.
He chairs the organization's training member engagement committee and the organization's investment task force. He also is on the SABEW finance committee. He has previously served on conference planning committees and has been a Best in Business contest judge for the organization.
Matthew’s writing has been honored by both the Illinois Associated Press Editors Association and the Illinois Press Association. His writing has also been featured online on MSN, Yahoo! Finance and in newspapers throughout the country.
Matthew wants you to know
It’s easy to get into a routine. But days turn into weeks and months turn into years. And every day you don’t have your savings in a high-yield savings account, you’re losing purchasing power by at least getting closer to keeping up with inflation. Over time, that really adds up.
Making good financial decisions enables people to get more out of life and I’m happy to contribute to that endeavor.
— Matthew Goldberg
Shop around before you buy a two-year CD. The best rates for a certificate of deposit pay way more than the national average.
Bank of America offers you a number of savings accounts to park your money. However, the yields offered by the big bank will do very little to help you grow your savings. You can find several alternatives from other banks that will get you a much bigger payout.
While PNC Bank offers a high-yield savings account, the bank's other savings accounts offer lower rates.
For short-term saving, a nine-month CD may be a better option than a savings account.
Confused about finding an HSA? Use these tips to determine the best deal for you.
But there are a number of top banks that have eased their restrictions.
One of the most ubiquitous signs in the banking world is “Member FDIC.” Here’s what it means.
Customer service satisfaction has decreased at online-only direct banks this past year, but remain higher than at brick-and-mortar banks.
U.S. Bank offers a variety of terms for its certificates of deposit; however, its rates are lackluster by and large.
Wells Fargo offers special and standard rate CDs. The special rates require you to deposit at least $5,000. The standard rates require you to deposit $2,500. You can also earn bonus rates on these CDs if you link a Wells Fargo Prime Checking or Portfolio Account.
Chase offers a wide selection of CDs with various term lengths, but savers can find much higher APYs elsewhere.
Amex offers a variety of terms for its CDs; however, savers can find more competitive rates elsewhere.
Truist was formed out of the merger of BB&T and SunTrust to become one of the largest banks in the nation. Here’s what you need to know about its savings rates.
Citibank’s new account bonuses are very competitive. Just be sure you won’t need those funds any time soon – dropping your account balances early can not only disqualify you from the promotion, but it may also cost you money in the form of additional account service fees.
Here’s everything to know about the offers to see if they’re the right fit for you.
CD terms can range from three months to five years. Learn which one is right for you.