Best 2-Year CD Rates in Alabama, AL

You are viewing rates from banks across Alabama

Below are two-year Certificates of Deposit (CD) rates from banks in Alabama. 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.

AL - November 27, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
EvaBank	4.34%	$1,000	-	Learn More Add Review
Seattle Bank	4.05%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 4.75% → 4.75% → 4.40% → 4.30% → 4.05%
Rob H. \| Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More Reviews (2)
Bank of Whittier, National Association	3.87%	$1,000	-	Learn More Add Review
Banesco USA	3.75%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 0.55% → 0.50% → 3.80% → 3.75%
Dkplan \| Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More Reviews (8)
Citizens	3.75%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Capital One, National Association	3.60%	$0	-	Learn More
Rate History: 4.30% → 4.20% → 4.00% → 3.70% → 3.60%
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)
Gateway First Bank	3.35%	$500	-	Learn More
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
Blue Foundry Bank	3.25%	$1,000	-	Learn More Add Review
Rate History: 3.50% → 3.25%
Bank Independent	3.02%	$1,000	-	Learn More Add Review
Rate History: 4.01% → 4.51% → 4.01% → 2.51% → 3.02%
Valley National Bank	3.00%	$500	-	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)
USAA Federal Savings Bank	2.60%	$1,000	-	Learn More
Rate History: 5.00% → 4.40% → 4.00% → 3.85% → 2.60%
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Woodforest National Bank	2.25%	$500	-	Learn More
Rate History: 1.00% → 1.55% → 2.25%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Citibank, National Association	2.00%	$0	-	Learn More
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)
JPMorgan Chase Bank, National Association	2.00%	$10,000	-	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)
Hingham Institution for Savings	1.75%	$1,000	-	Learn More Add Review
Union State Bank	1.35%	$500	-	Learn More Add Review
The Citizens Bank	1.15%	$10,000	-	Learn More Add Review
Farmers and Merchants Bank	1.00%	$1,000	-	Learn More Add Review
Rate History: 1.10% → 1.00%
The Exchange Bank of Alabama	1.00%	$10,000	-	Learn More Add Review
The Hometown Bank of Alabama	1.00%	$10,000	-	Learn More
OldCrone \| Mar 16, 2023 The branch manager is unavailable and doesnt care what goes on as long as he is not bothered. The tellers are rude and referr to customers who ask for help as " special needs customers". Read More Reviews (1)
Millennial Bank	1.00%	$10,000	-	Learn More Add Review
Metro Bank	1.00%	$10,000	-	Learn More Add Review
TD Bank, National Association	1.00%	$10,000	-	Learn More
Rate History: 4.00% → 1.00% → 4.00% → 1.00%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Brantley Bank and Trust Company	0.95%	$10,000	-	Learn More Add Review
CommerceOne Bank	0.95%	$10,000	-	Learn More Add Review
Peoples Independent Bank	0.85%	$10,000	-	Learn More
$Theta88008 \| Feb 9, 2024 Last week we called the People's Independent main branch to gain an understanding of the institution, a normal procedure for any family. We do not live in Boaz, AL, so we thought we could have our question... Read More Reviews (1)
NobleBank & Trust	0.85%	$10,000	-	Learn More
kdm0030 \| Jan 13, 2023 Disappointed! Wellsfargo is not great but better than Noble. Read More Reviews (1)
22nd State Bank	0.85%	$10,000	-	Learn More Add Review
The Southern Bank Company	0.80%	$10,000	-	Learn More Add Review
Liberty Bank	0.79%	$10,000	-	Learn More Add Review
FirstState Bank	0.76%	$500	-	Learn More Add Review
Alamerica Bank	0.76%	$10,000	-	Learn More Add Review
First Bank of Boaz	0.75%	$10,000	-	Learn More Add Review
PeoplesTrust Bank	0.75%	$10,000	-	Learn More Add Review
ServisFirst Bank	0.71%	$10,000	-	Learn More Add Review
Pinnacle Bank	0.70%	$10,000	-	Learn More Add Review
South State Bank, National Association	0.65%	$500	-	Learn More
Justice \| Jul 22, 2021 This is a criminal lender and the worst bank. They merged with CenterState Bank.. They have made our lives miserable with a wrongful, fraudulent foreclosure. We will be starting a Website with all of the ... Read More Reviews (2)
First Southern State Bank	0.65%	$10,000	-	Learn More Add Review
First Citizens Bank	0.65%	$10,000	-	Learn More Add Review
First Federal Bank, A FSB	0.65%	$500	-	Learn More Add Review
Citizens Bank & Trust	0.65%	$10,000	-	Learn More Add Review
First State Bank of DeKalb County	0.65%	$10,000	-	Learn More Add Review
Central State Bank	0.65%	$10,000	-	Learn More
Bob Kuehner \| Apr 23, 2020 If you're not with Central State Bank and you're in business... why the heck not? I've been with CSB since 2007. In that time they've provided top tier service and a down home feel. My most recent exper... Read More Reviews (1)
Citizens Bank & Trust, Inc.	0.65%	$500	-	Learn More Add Review
The Commercial Bank Of Ozark	0.63%	$10,000	-	Learn More Add Review
First Jackson Bank, Inc.	0.60%	$1,000	-	Learn More Add Review
The Samson Banking Company, Inc.	0.60%	$10,000	-	Learn More Add Review
West Alabama Bank & Trust	0.60%	$1,000	-	Learn More
Gavin Howard \| Mar 4, 2023 OMB controller currency CFPB mortgage loans originator regulation G 3170-0005 requested full disclosure Read More Reviews (1)
The Farmers & Merchants Bank	0.60%	$10,000	-	Learn More Add Review
Cullman Savings Bank	0.60%	$10,000	-	Learn More Add Review
SouthPoint Bank	0.60%	$10,000	-	Learn More Add Review
First Community Bank of Central Alabama	0.60%	$10,000	-	Learn More Add Review
First Southern Bank	0.55%	$10,000	-	Learn More Add Review
Liberty Bank and Trust Company	0.53%	$10,000	-	Learn More Add Review
Investar Bank, National Association	0.50%	$10,000	-	Learn More Add Review
PeoplesSouth Bank	0.50%	$10,000	-	Learn More Add Review
HNB First Bank	0.50%	$10,000	-	Learn More Add Review
Merchants & Marine Bank	0.50%	$10,000	-	Learn More Add Review
MidSouth Bank	0.50%	$10,000	-	Learn More
Chadpatt \| Jun 14, 2021 I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They t... Read More Reviews (1)
Bryant Bank	0.50%	$100,000	-	Learn More Add Review
FirstBank	0.50%	$10,000	-	Learn More Add Review
Trustmark National Bank	0.45%	$10,000	-	Learn More
trbf15 \| Nov 4, 2020 Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More Reviews (1)
The First National Bank and Trust	0.45%	$10,000	-	Learn More Add Review
Armed Forces Bank, National Association	0.45%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Robertson Banking Company	0.45%	$10,000	-	Learn More Add Review
Peoples Bank of Alabama	0.45%	$10,000	-	Learn More Add Review
Renasant Bank	0.45%	$10,000	-	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
CB&S Bank, Inc.	0.45%	$10,000	-	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
Commonwealth National Bank	0.45%	$10,000	-	Learn More Add Review
First National Bank of Pulaski	0.40%	$10,000	-	Learn More
Tim, In Pulaski TN \| Aug 10, 2022 1st National Bank of Tennessee is not, in my opinion, a mobile friendly bank. Be aware that they do not have a 1-800 number on their cards. So, if it happens to be a weekend and you're out of town trying... Read More Reviews (1)
Community Spirit Bank	0.40%	$10,000	-	Learn More Add Review
Southern States Bank	0.40%	$10,000	-	Learn More Add Review
First Community Bank of Cullman	0.40%	$500	-	Learn More Add Review
AmeriFirst Bank	0.40%	$10,000	-	Learn More Add Review
Bryant Bank	0.40%	$10,000	-	Learn More Add Review
The First, A National Banking Association	0.40%	$10,000	-	Learn More Add Review
First Bank of Alabama	0.39%	$10,000	-	Learn More Add Review
Community Bank and Trust - Alabama	0.35%	$10,000	-	Learn More Add Review
Community Bank of Mississippi	0.35%	$10,000	-	Learn More Add Review
Century Bank	0.35%	$10,000	-	Learn More Add Review
Citizens Trust Bank	0.35%	$10,000	-	Learn More Add Review
Centennial Bank	0.35%	$10,000	-	Learn More
Asj \| Nov 15, 2020 Do they? Read More Reviews (1)
Metro City Bank	0.33%	$1,000	-	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)
Peoples Exchange Bank	0.30%	$10,000	-	Learn More Add Review
Citizens Trust Bank	0.30%	$100,000	-	Learn More Add Review
AuburnBank	0.30%	$500	-	Learn More Add Review
First State Bank of the South, Inc.	0.30%	$10,000	-	Learn More Add Review
Southern Independent Bank	0.30%	$1,000	-	Learn More
Terrible on line account information. Doesn't work on the weekends and neither do they \| Jul 27, 2020 If you don't mind the web site for your account on the week ends being down. This is the bank for you. When you have a problem you have to wait one to two days for someone in charge to call you back after ... Read More Reviews (1)
CCB Community Bank	0.30%	$500	-	Learn More Add Review
The First National Bank of Hartford	0.30%	$10,000	-	Learn More Add Review
First Cahawba Bank	0.30%	$10,000	-	Learn More Add Review
BankFirst Financial Services	0.25%	$10,000	-	Learn More Add Review
Sweet Water State Bank	0.25%	$10,000	-	Learn More Add Review
BankPlus	0.25%	$1,000	-	Learn More Add Review
First Progressive Bank	0.25%	$10,000	-	Learn More Add Review
Citizens' Bank, Inc.	0.20%	$1,000	-	Learn More Add Review
Synovus Bank	0.20%	$10,000	-	Learn More
deb \| Jun 11, 2015 Synovus no longer offers this rate as of 5/8/2015---I called and asked Read More Reviews (1)
Ameris Bank	0.20%	$10,000	-	Learn More
COLETTE B \| May 30, 2022 I HAVE TO AGREE WITH THE OTHER REVIEWERS. THIS BANK HAS THE WORST CUSTOMER SERVICE OF ALL TIME. I HAD NO CHOICE BUT TO GO HERE... IF THERE'S ANY WAY YOU CAN AVOID, IT IS HIGHLY RECOMMENDED. LET ME GIVE ... Read More Reviews (4)
Phenix-Girard Bank	0.18%	$10,000	-	Learn More
username \| Nov 5, 2021 only if you are a customer Read More Reviews (5)
Troy Bank & Trust Company	0.11%	$10,000	-	Learn More Add Review
First Horizon Bank	0.10%	$1,000	-	Learn More
D R Lineberger \| Dec 30, 2018 Garden14 Read More Reviews (1)
Friend Bank	0.10%	$10,000	-	Learn More Add Review
KeyBank National Association	0.05%	$2,500	-	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)
Regions Bank	0.05% 0.01%	$2,501 $2,500	-	Learn More Add Review
Rate History: 0.03% → 0.05%
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
PNC Bank, National Association	0.03%	$25,000	-	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	0.03%	$100,000	-	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.

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PRODUCT INFORMATION

Two Year CDs - Branch Banks 2024

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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Alabama CD Rates – 2-Year

PRODUCT INFORMATION

Two Year CDs - Branch Banks 2024

The advantages of a two year branch CD are:

The disadvantages of a two year branch CDs are:

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