Kentucky

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Kentucky CD Rates – 2-Year

You are viewing rates from banks across Kentucky

 

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

KY - November 7, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Rate History: 5.35% → 5.10% → 4.75%

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.75% → 4.40% → 4.30% → 4.05%

| 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

3.87%

$1,000

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Early Withdrawal Penalty is 180 days interest.
Rate History: 0.55% → 0.50% → 3.80% → 3.75%

| 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

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.40% → 4.30% → 4.20% → 4.00% → 3.70%

| 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

| 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

Rate History: 3.50% → 3.25%

Rate History: 5.00% → 4.40% → 4.00% → 3.85% → 2.60%

| 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

Rate History: 1.00% → 1.55% → 2.25%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

| 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

Rate History: 3.00% → 2.50% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

Rate History: 5.00% → 4.00% → 3.50% → 2.00%

| Nov 12, 2018

Helpful w/$ Read More

1.10%

$10,000

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1.05%

$10,000

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1.01%

$10,000

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| Oct 10, 2023

Horrible. Turned me into collections for a paid off loan that was never late then tried to blame me for paying it online...i actually verified at the drive threw that it was paid in full...also held a lar... Read More

Rate History: 4.00% → 1.00% → 4.00% → 1.00%

| May 19, 2018

Experience Read More

| Apr 15, 2020

There is room for improvement in any business. And UCB Is at top of list for lack of need for improvement . They have always been at their best in terms of overall management, firm loan management, fr... Read More

1.00%

$10,000

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| Aug 17, 2015

I can only dream about CD rates returning to these levels like the 1970's. Read More

1.00%

$10,000

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0.95%

$10,000

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0.90%

$100,000

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0.90%

$100,000

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0.90%

$10,000

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0.90%

$10,000

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0.87%

$10,000

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| Sep 20, 2019

100 day cd 2.85% Read More

0.85%

$500

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0.85%

$100,000

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0.85%

$10,000

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0.85%

$10,000

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| Aug 28, 2021

The posted rates for River City Bank are not accurate. I have inquired at the bank more than once. Read More

0.80%

$500

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0.80%

$10,000

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0.80%

$10,000

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0.76%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$500

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$100,000

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0.75%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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| Oct 29, 2017

Excellentr Read More

0.70%

$100,000

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0.65%

$10,000

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0.65%

$100,000

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| Sep 14, 2020

Jamestown KY Read More

0.60%

$1,000

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0.60%

$500

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0.60%

$100,000

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0.60%

$100,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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| Jun 7, 2018

Friendly people; good place to do business. Read More

0.55%

$10,000

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0.55%

$100,000

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0.55%

$100,000

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0.55%

$10,000

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0.55%

$10,000

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0.51%

$500

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| Mar 18, 2021

I called Huntington yesterday and the branch manager told me that the rate listed on Best Cash Cow doesn't exist......... Read More

| Mar 30, 2023

Independence Bank 1776 Owensboro has been our partner for more than 20 years. We moved have lived in several states for work and we always got great service. One of the most outstanding feats of service o... Read More

0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$500

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0.50%

$500

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0.50%

$1,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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| Aug 5, 2021

This bank is terrible never allow them to keep your money Read More

0.50%

$1,000

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0.49%

$10,000

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0.45%

$500

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0.45%

$10,000

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0.45%

$10,000

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0.45%

$10,000

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0.45%

$10,000

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0.45%

$10,000

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| Mar 25, 2015

OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More

0.45%

$10,000

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0.45%

$10,000

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0.45%

$10,000

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0.40%

$500

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0.40%

$500

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0.40%

$10,000

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0.40%

$10,000

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| Nov 18, 2020

I had a charge that wasn't authorized, and they told me there is nothing they can do about it because in the past it was authorized. Are you serious? So if someone takes your card and goes to Walmart.com a... Read More

0.40%

$10,000

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0.40%

$10,000

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0.40%

$10,000

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0.40%

$500

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0.40%

$10,000

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0.40%

$10,000

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0.40%

$100,000

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| May 31, 2024

This bank tells you one thing and does another, my experience with them was awful, my account stayed gomed up you could deposit money on Friday and it might not be there showing till Tuesday or later,I'v... Read More

0.35%

$500

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0.35%

$10,000

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0.35%

$10,000

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| Mar 11, 2023

Best Bank in Lexington. FDIC insured but not ruled by the Fed. Read More

0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.28%

$5,000

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| Sep 26, 2015

Very Polite and Helpful tellers and Managers. Excellent to deal with. Read More

0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.21%

$500

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| Mar 26, 2021

So my bank citizens national bank of Somerset ky. They have previously in the past deposited the wrong person's tax account into my account and taking it back out without my whereabouts which made my accou... Read More

0.20%

$1,000

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0.20%

$10,000

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| Jul 18, 2021

I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More

0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.15%

$500

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0.15%

$10,000

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0.15%

$10,000

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0.13%

$10,000

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0.10%

$10,000

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| Jun 28, 2017

showmethreethousanddollars Read More

Rate History: 0.01% → 0.05%

| 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

Rate History: 0.03% → 0.05%

| 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

| 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

| 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

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

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

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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