Best 2-Year CD Rates in New York City, New York NY - 24 Month Certificates of Deposit - August 2, 2025

You are viewing local cd rates from banks around: New York, NY 10116

Below are two-year Certificates of Deposit (CD) rates from banks located within 8 miles of the zip code above. Two-year CDs generally offer a higher rate than 1-year CDs but require a longer commitment. Depending on the economy, longer term CDs may or may not offer more premium as the term increases. If you expect rates on bank products to drop, can afford to lock the money away, and feel you are receiving enough premium for the time commitment, then longer-term CDs may be appropriate.

New York City, NY - August 2, 2025

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
First Commerce Bank Montvale Branch Office	5.30%	$1,000	23.88	Learn More Add Review
Popular Direct	4.15%	$10,000	-	Learn More Add Review
Early Withdrawal Penalty is 270 days interest. Rate History: 4.10% → 4.20% → 4.15% → 4.05% → 4.15%
Neil \| Dec 18, 2023 I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	4.00%	$500	3.94	Learn More
Early Withdrawal Penalty is 90 days interest. Rate History: 3.00% → 4.60%
Richard \| Jul 1, 2022 Very easy opening process and wonderful staff. Read More Reviews (6)
Sallie Mae Bank	4.00%	$2,500	-	Learn More
Rate History: 4.50% → 4.20% → 4.05% → 3.75% → 4.00%
HAL1975 \| Aug 2, 2023 Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More Reviews (40)
TotalDirect, a division of City National Bank of Florida	4.00%	$25,000	-	Learn More Add Review
Rate History: 4.34% → 4.00% → 4.00% → 4.21% → 4.00%
79Thru \| Mar 21, 2023 Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More
Flushing Bank 7102 3rd Avenue Branch	3.85%	$1,000	5.54	Learn More
Rate History: 1.00% → 3.50% → 3.85%
Fred Theobald \| Jun 15, 2017 Just a great group of people to interact with at the Mineola branch. Been working with them for years. Everybody at all of the branches has always been a pleasure. Read More Reviews (1)
State Bank of India State Bank Of India Branch	3.85%	$1,000	3.88	Learn More Add Review
Rate History: 4.99% → 4.58% → 4.47% → 4.06% → 3.85%
Customers Bank Osborn Branch	3.75%	$500	24.25	Learn More
Rate History: 4.35% → 4.15% → 4.00% → 3.75%
James A. Elder \| Mar 25, 2020 I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More Reviews (3)
First Central Savings Bank First Central Savings Bank Branch	3.70%	$500	5.05	Learn More Add Review
Spring Bank Harlem Branch - Frederick Douglas Blvd	3.70%	$250	6.63	Learn More Add Review
Rate History: 4.50% → 4.50% → 3.50% → 3.70%
GSL Savings Bank Gsl Savings Bank Branch	3.61%	$500	5.73	Learn More
Rate History: 3.61% → 3.08% → 4.13% → 3.77% → 3.61%
john \| Apr 29, 2020 I called this banl there is no this rate Read More Reviews (1)
Eastbank, National Association Eastbank, National Association Branch	3.60%	$2,500	0.53	Learn More Add Review
Rate History: 3.75% → 3.60%
HSBC Bank USA, National Association North Edison Branch	3.50%	$1,000	20.95	Learn More
Rate History: 4.00% → 4.10% → 3.50% → 3.25% → 3.50%
john \| Apr 14, 2020 I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year Read More Reviews (3)
LendingClub Lakeville Rd Branch	3.50%	$2,500	16.39	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 5.00% → 4.50% → 4.15% → 3.75% → 3.50%
overdrawn \| Nov 12, 2022 I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More Reviews (21)
Citizens	3.50%	$5,000	-	Learn More Add Review
james \| Nov 18, 2023 bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest. Read More
Vio Bank, A Division of MidFirst Bank	3.50%	$500	-	Learn More Add Review
Rate History: 3.50% → 3.50% → 3.75% → 3.50%
Jim S \| Dec 21, 2023 Very easy to setup 6 month 5.35% CD from cornerstone account Read More
Capital One, National Association Livingston Circle Branch	3.50%	$0	19.50	Learn More
Rate History: 4.20% → 4.00% → 3.70% → 3.60% → 3.50%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
New Millennium Bank Fort Lee Branch	3.50%	$500	9.70	Learn More Add Review
Rate History: 4.25% → 4.00% → 3.50% → 4.00% → 3.50%
Ponce Bank Bergenline Ave. Branch	3.50%	$1,000	4.48	Learn More Add Review
Rate History: 4.27% → 4.30% → 4.40% → 3.50%
Citizens Yonkers Branch	3.50%	$5,000	20.36	Learn More
Rate History: 3.75% → 3.50% → 3.75% → 3.50%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Bank of Hope Bank Of Hope Branch	3.45% 0.30%	$250,000 $1,000	9.21	Learn More
Rate History: 3.95% → 3.70% → 3.90% → 3.60% → 3.45%
NORTY FLATZ \| Dec 3, 2019 Have done business with "Hope's" San Diego branch for a few years. Always courteous and helpful. Looking forward to doing business with them in the future. Read More Reviews (1)
Cross County Savings Bank Kings Branch	3.45%	$500	3.26	Learn More Add Review
Rate History: 4.00% → 4.10% → 3.70% → 3.60% → 3.45%
Maspeth Federal Savings and Loan Association 101-09 Metropolitan Ave Branch	3.40%	$2,500	2.29	Learn More Add Review
Rate History: 3.45% → 3.40%
Spencer Savings Bank, SLA Garwood Branch	3.35%	$1,000	17.37	Learn More
Rate History: 4.30% → 4.40% → 4.05% → 3.75% → 3.35%
Customer18 \| Mar 26, 2021 Spencer Bank is by far, the ABSOLUTE WORST Banking institution there is. The Bank - and the Headquarters - display a host of shortcomings and clearly are the most substandard bank - dealing with numerou... Read More Reviews (1)
Quontic Bank Quontic Bank Branch	3.35%	$500	5.48	Learn More
Warning: Early withdrawal penalty equals two years of interest. Rate History: 4.50% → 3.85% → 3.35%
JuanVelasco \| Mar 17, 2023 STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More Reviews (15)
Cross River Bank Cross River Bank Branch	3.30%	$500	11.95	Learn More
Rate History: 2.15% → 4.50% → 4.50% → 3.30%
Zman111 \| Jun 26, 2022 ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check. Read More Reviews (13)
Blue Foundry Bank Montville Branch	3.25%	$1,000	23.39	Learn More Add Review
Rate History: 3.50% → 3.25%
Finworth New York Branch	3.20%	$50,000	3.44	Learn More Add Review
Geoffrey Christopher 1 \| Nov 12, 2023 Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More
Valley National Bank Mountainside Branch	3.00%	$500	18.52	Learn More
SadSack \| Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More Reviews (2)
Manufacturers and Traders Trust Company Summit Branch	3.00%	$1,000	18.57	Learn More
Rate History: 4.50% → 4.00% → 3.75% → 3.00%
Claire blankinship \| Aug 5, 2020 I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience. Read More Reviews (3)
Amalgamated Bank Lyndhurst Branch	3.00%	$500	8.71	Learn More Add Review
Rate History: 3.35% → 3.30% → 3.82% → 3.05% → 3.00%
Empire State Bank Railroad Avenue Branch	3.00%	$1,000	11.15	Learn More
Rate History: 0.60% → 3.00%
Papa \| Jul 31, 2020 Reduced savings rate from 1.88% to .75% a day after I deposited a substantial amount of money and no notice given or reduction in rate told to me Read More Reviews (1)
Apple Bank for Savings Staten Island Branch	3.00%	$1,000	12.56	Learn More Add Review
Rate History: 3.50% → 3.00%
Hanover Community Bank Hanover Community Bank Branch	3.00%	$500	17.94	Learn More
Rate History: 4.00% → 3.50% → 3.00%
Douglas H \| Feb 5, 2020 The employees of this bank are helpful but the bank's systems and procedures for obtaining your account information STINK. If you want a bank that provides you quarterly (or even annual) statements by mai... Read More Reviews (2)
Habib American Bank Iselin Branch	3.00%	$1,500	19.90	Learn More
Rate History: 2.65% → 3.00%
Ryan \| Feb 13, 2018 Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys an... Read More Reviews (2)
BMO Alto, a division of Bank of Montreal Harris	2.75%	$0	-	Learn More Add Review
Early Withdrawal Penalty is 180 days interest. Rate History: 4.00% → 3.90% → 3.80% → 3.50% → 2.75%
Jenny Kingston \| Jun 10, 2024 I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	2.75%	$0	3.94	Learn More
Rate History: 4.00% → 3.00%
Richard \| Jul 1, 2022 Very easy opening process and wonderful staff. Read More Reviews (6)
Ridgewood Savings Bank Bay Ridge Branch	2.50%	$100	6.27	Learn More
Rate History: 4.05% → 4.25% → 4.05% → 4.00% → 2.50%
an \| Apr 25, 2022 We would not be having all this trouble with people sealing money out of other people's bank accounts if we were to just stop using fancy banking like onlinebanki Read More Reviews (5)
Sunnyside Federal Savings and Loan Association of Irvington Sunnyside Federal Savings And Loan A Branch	2.50%	$500	23.69	Learn More Add Review
City National Bank 6th Avenue Branch	2.02%	$10,000	3.29	Learn More Add Review
Rate History: 2.53% → 2.02%
Northfield Bank Westfield Branch	2.00%	$0	19.16	Learn More Add Review
JPMorgan Chase Bank, National Association Oakes Field Center Branch (Frgn)	2.00%	$10,000	16.89	Learn More
Rate History: 3.00% → 2.50% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
PCB Bank Fort Lee Office Branch	1.77%	$1,000	9.50	Learn More Add Review
United Orient Bank United Orient Bank Branch	1.35%	$500	0.52	Learn More Add Review
TD Bank, National Association Montville Nj Branch	1.00%	$10,000	22.71	Learn More
Rate History: 4.00% → 1.00% → 4.00% → 1.00%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Amerasia Bank 86-26 Broadway Branch	0.76%	$10,000	7.00	Learn More
Chang \| Aug 19, 2021 Best Service! Read More Reviews (3)
Glen Rock Savings Bank Glen Rock Savings Bank Branch	0.75%	$10,000	17.45	Learn More Add Review
Metropolitan Commercial Bank Boro Park Branch	0.75%	$10,000	5.50	Learn More Add Review
Provident Bank Metuchen Branch	0.70%	$10,000	22.40	Learn More
Abraham Farber \| May 14, 2015 looking to refinance into a fixed equity 15 yr loan, I have now a 1st Mortg & equity line total of about 218000. looking to get about 360 & pay off the old ones & have extra, I have a 4 unit house were we ... Read More Reviews (1)
Haven Savings Bank Summit Br Branch	0.70%	$10,000	18.67	Learn More Add Review
BNB Bank 52nd Street Manhattan Branch	0.70%	$10,000	3.60	Learn More Add Review
Alma Bank Clifton Branch	0.65%	$10,000	13.24	Learn More Add Review
Hanmi Bank Edison Branch	0.65%	$100,000	23.14	Learn More Add Review
Global Bank Global Bank Branch	0.65%	$10,000	0.51	Learn More Add Review
NorthEast Community Bank West 23rd Branch	0.60%	$1,000	2.25	Learn More Add Review
Unity Bank Edison Branch	0.60%	$10,000	20.54	Learn More
CF \| Jul 11, 2020 A great bank. Rates are competitive and they have outstanding customer service. Read More Reviews (2)
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	0.60%	$100,000	5.23	Learn More Add Review
PCSB Bank Mount Vernon Br Branch	0.55%	$10,000	16.47	Learn More Add Review
Abacus Federal Savings Bank World Trade Center Branch	0.55%	$1,000	0.15	Learn More Add Review
CTBC Bank Corp. (USA) Brooklyn Branch	0.50%	$5,000	3.21	Learn More Add Review
Bogota Savings Bank Classic Residence Branch	0.50%	$1,000	12.26	Learn More Add Review
Hanmi Bank Edison Branch	0.50%	$10,000	23.14	Learn More Add Review
Citibank, National Association Private Bank Branch - Short Hill	0.50%	$0	18.94	Learn More
Rate History: 2.00% → 0.50%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
Carver Federal Savings Bank Atlantic Terminal Branch	0.50%	$10,000	2.43	Learn More Add Review
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	0.50%	$10,000	5.23	Learn More Add Review
CIT Bank, a division of First-Citizens Bank and Trust	0.40%	$1,000	-	Learn More Add Review
RTN1949 \| Jun 2, 2022 I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More
Cathay Bank Brooklyn Branch	0.40%	$50,000	5.11	Learn More Add Review
Kearny Bank Montville Branch	0.40%	$500	23.67	Learn More Add Review
The Berkshire Bank Teaneck Branch	0.35%	$10,000	12.24	Learn More Add Review
Lusitania Savings Bank Liberty Avenue Branch	0.35%	$10,000	12.30	Learn More Add Review
Metro City Bank Bayside Branch	0.33%	$1,000	12.90	Learn More
thedon \| Mar 29, 2020 have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More Reviews (1)
Blue Foundry Bank Montville Branch	0.30%	$1,000	23.39	Learn More Add Review
KEB Hana Bank USA, National Association Keb Hana Bank Usa, National Association Branch	0.30%	$10,000	9.16	Learn More Add Review
Freedom Bank (NJ) Freedom Bank Branch	0.30%	$500	12.84	Learn More Add Review
Rate History: 4.05% → 0.30%
Purepoint MUFG Union	0.25%	$10,000	-	Learn More Add Review
UtahJazz1 \| Jun 10, 2022 This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More
Santander Bank, N.A. East Hanover Branch	0.25%	$501	20.31	Learn More
Rate History: 2.00% → 0.25%
Maggie \| May 11, 2023 They made mistakes twice and would not correct them Read More Reviews (6)
Crown Bank Cranford Branch	0.25%	$10,000	16.27	Learn More Add Review
Shinhan Bank America Palisades Park Branch	0.25%	$10,000	9.09	Learn More
Lori Kroko \| Mar 10, 2021 I think that it is absolutely despicable that I have been a customer of the Bank for more than 8 years and I bring in rolled coins with my account number on each wrapper and I am charged 5% fee. Cost me $3... Read More Reviews (1)
Axos Bank, a division of Bofi Federal Bank	0.20%	$1,000	-	Learn More Add Review
wertlkgt \| Mar 28, 2022 Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More
Webster Bank, National Association Yonkers Branch	0.20%	$10,000	15.23	Learn More Add Review
East West Bank Brooklyn 8th Avenue Branch	0.15%	$10,000	5.27	Learn More
Bauhinia C \| Mar 15, 2023 Oh Natty natty natty, haha the fact you need to take out (probably a second) loan for $160,000 on a $625,000 sends up all kinds of red flags. The bank was right to run away from YOU dear hahaha. Read More Reviews (2)
Alpine Capital Bank Alpine Capital Bank Branch	0.15%	$100,000	3.69	Learn More Add Review
BankUnited, National Association Borough Park Brooklyn Branch	0.10%	$1,000	5.84	Learn More Add Review
KeyBank National Association North Middletown Road Branch	0.05%	$2,500	24.17	Learn More
Rate History: 0.01% → 0.05%
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
PNC Bank, National Association North Edison Branch	0.03%	$25,000	20.55	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association North Point Branch (Frgn)	0.03%	$100,000	15.78	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around zip 10116

Branch	Street	City	State
First Commerce Bank Montvale Branch Office	101 Chestnut Ridge Road	Montvale	NJ
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	499 Park Avenue	New York	NY
Flushing Bank 7102 3rd Avenue Branch	7102 3rd Avenue	Brooklyn	NY
State Bank of India State Bank Of India Branch	460 Park Avenue	New York	NY
Customers Bank Osborn Branch	101 Theall Road	Rye	NY
First Central Savings Bank First Central Savings Bank Branch	45-08 46th Street	Sunnyside	NY
Spring Bank Harlem Branch - Frederick Douglas Blvd	301 W. 111th Street	New York	NY
GSL Savings Bank Gsl Savings Bank Branch	6823 Bergenline Ave	Guttenberg	NJ
Eastbank, National Association Eastbank, National Association Branch	183 Centre Street	New York	NY
HSBC Bank USA, National Association North Edison Branch	33 Route 27	Edison	NJ
LendingClub Lakeville Rd Branch	2020 Lakeville Rd	New Hyde Park	NY
Capital One, National Association Livingston Circle Branch	623 West Mount Pleasant Ave	Livingston	NJ
New Millennium Bank Fort Lee Branch	1620 Lemoine Avenue	Fort Lee	NJ
Ponce Bank Bergenline Ave. Branch	3821 Bergenline Ave	Union City	NJ
Citizens Yonkers Branch	2371 Central Park Avenue	Yonkers	NY
Bank of Hope Bank Of Hope Branch	211 Broad Avenue	Palisades Park	NJ
Cross County Savings Bank Kings Branch	731 Metropolitan Ave.	Brooklyn	NY
Maspeth Federal Savings and Loan Association 101-09 Metropolitan Ave Branch	101-09 Metropolitan Ave	New York City	NY
Spencer Savings Bank, SLA Garwood Branch	325 North Avenue	Garwood	NJ
Quontic Bank Quontic Bank Branch	31-05 Broadway	Astoria	NY
Cross River Bank Cross River Bank Branch	885 Teaneck Road	Teaneck	NJ
Blue Foundry Bank Montville Branch	448 Main Road	Towaco	NJ
Finworth, a division of InsBank New York Branch	1 Rockefeller Plaza	New York	NY
Valley National Bank Mountainside Branch	882 Mountain Avenue	Mountainside	NJ
Manufacturers and Traders Trust Company Summit Branch	341 Springfield Avenue	Summit	NJ
Amalgamated Bank Lyndhurst Branch	734 Ridge Road	Lyndhurst	NJ
Empire State Bank Railroad Avenue Branch	1361 N. Railroad Avenue	Staten Island	NY
Apple Bank Staten Island Branch	2655 Richmond Avenue, Suite 2005	Staten Island	NY
Hanover Community Bank Hanover Community Bank Branch	2131 Jericho Turnpike	Garden City Park	NY
Habib American Bank Iselin Branch	1585 Oak Tree Road	Iselin	NJ
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	499 Park Avenue	New York	NY
Ridgewood Savings Bank Bay Ridge Branch	8522 Third Avenue	Brooklyn	NY
Sunnyside Federal Savings and Loan Association of Irvington Sunnyside Federal Savings And Loan A Branch	56 Main St	Irvington	NY
City National Bank 6th Avenue Branch	1140 6th Avenue	New York	NY
Northfield Bank Westfield Branch	828 South Avenue W	Westfield	NJ
JPMorgan Chase Bank, National Association Oakes Field Center Branch (Frgn)	Russell Road And Thompson	Nassau
PCB Bank Fort Lee Office Branch	1550 Lemoine Avenue	Fort Lee	NJ
United Orient Bank United Orient Bank Branch	185 Canal Street	New York City	NY
TD Bank, National Association Montville Nj Branch	159 Changebridge Road	Montville	NJ
Amerasia Bank 86-26 Broadway Branch	86-26 Broadway	Elmhurst	NY
Ascendia Bank Glen Rock Savings Bank Branch	25 W Northfield Rd	Livingston	NJ
Metropolitan Commercial Bank Boro Park Branch	5101 13th Ave	Brooklyn	NY
Provident Bank Metuchen Branch	599 Middlesex Avenue	Metuchen	NJ
Haven Savings Bank Summit Br Branch	385 Springfield Avenue	Summit	NJ
Dime Community Bank 52nd Street Manhattan Branch	12 East 52nd Street	New York	NY
Alma Bank Clifton Branch	1133 Main Avenue	Clifton	NJ
Hanmi Bank Edison Branch	1031 Us Hwy 1 South	Edison	NJ
Global Bank Global Bank Branch	8 Catherine Street	New York	NY
NorthEast Community Bank West 23rd Branch	242 West 23rd Street	New York City	NY
Unity Bank Edison Branch	1746 Oak Tree Road	Edison	NJ
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	5714 8th Avenue (At 57th Street)	Brooklyn	NY
PCSB Bank Mount Vernon Br Branch	40 East First Street	Mount Vernon	NY
Abacus Federal Savings Bank World Trade Center Branch	116 Nassau Street	New York	NY
CTBC Bank Corp. (USA) Brooklyn Branch	54-18 8th Avenue	Brooklyn	NY
Bogota Savings Bank Classic Residence Branch	655 Pomander Walk	Teaneck	NJ
Hanmi Bank Edison Branch	1031 Us Hwy 1 South	Edison	NJ
Citibank, National Association Private Bank Branch - Short Hill	101 John F Kennedy Parkway, 4th Floor	Short Hills	NJ
Carver Federal Savings Bank Atlantic Terminal Branch	4 Hanson Place	Brooklyn	NY
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	5714 8th Avenue (At 57th Street)	Brooklyn	NY
Cathay Bank Brooklyn Branch	5402 Eighth Avenue	Brooklyn	NY
Kearny Bank Montville Branch	339 Main Road (Route 202)	Montville	NJ
The Berkshire Bank Teaneck Branch	517 Cedar Lane	Teaneck	NJ
Lusitania Savings Bank Liberty Avenue Branch	1135 Liberty Avenue	Hillside	NJ
Metro City Bank Bayside Branch	212-45 Northern Boulevard	Bayside	NY
Bank of Hope Bank Of Hope Branch	211 Broad Avenue	Palisades Park	NJ
Blue Foundry Bank Montville Branch	448 Main Road	Towaco	NJ
Hana Bank USA, National Association Keb Hana Bank Usa, National Association Branch	136 Broad Avenue	Palisades Park	NJ
Freedom Bank Freedom Bank Branch	99 West Essex Street	Maywood	NJ
Santander Bank, N.A. East Hanover Branch	434 Ridgedale Avenue	East Hanover	NJ
Crown Bank Cranford Branch	2 North Union Avenue	Cranford	NJ
Shinhan Bank America Palisades Park Branch	101 Broad Avenue	Palisades Park	NJ
Webster Bank, National Association Yonkers Branch	760 Mclean Ave	Yonkers	NY
East West Bank Brooklyn 8th Avenue Branch	5801 8th Avenue	Brooklyn	NY
Alpine Capital Bank Alpine Capital Bank Branch	680 Fifth Avenue, 7th Floor	New York	NY
BankUnited, National Association Borough Park Brooklyn Branch	1333 60th Street	Brooklyn	NY
KeyBank National Association North Middletown Road Branch	93 North Middletown Road	Pearl River	NY
PNC Bank, National Association North Edison Branch	1085 Inman Avenue	Edison	NJ
Bank of America, National Association North Point Branch (Frgn)	179 Kings Road	North Point

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PRODUCT INFORMATION

Two Year CDs - Branch Banks 2025

Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate of return during that period. All two year CDs shown on BestCashCow are FDIC insured.

While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double. As a result, a depositor should think about whether the extra rate is worth the extra time commitment.

In general, if rates are rising, it makes sense not to lock up money for an extended period of time.

If rates are falling, then it makes sense to put money into a longer-term instrument to lock-in a higher rate.

Many find opening CDs at local bank is often easier than online. In a branch, a depositor can sign CD documents and initiate a CD in person, and can often get it done faster than mailing a check or initiating a wire transfer in order to get their money to an online bank. Many also appreciate the opportunity to interact face to face with a real human being as opposed to by phone or instant messaging.

The advantages of a two year branch CD are:

A higher rate than 12 month CDs in return for leaving the money in the bank longer.
A fixed rate during the 24 month period.
A generally higher rate for the same term than what can be found in a branch-based bank.
FDIC insurance.
Convenience of opening and managing the CD online.

The disadvantages of a two year branch CDs are:

Rates are generally lower than on the top online savings and CD accounts.
Money is tied up for two years. Removing it early results in significant penalties.
Opening online can often take several days. Problems must be handled online or via the phone as there is no branch.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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