Best 2-Year CD Rates in Kentucky, KY

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 - December 12, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
American Bank & Trust Company, Inc.	4.75%	$1,000	-	Learn More Add Review
Rate History: 5.35% → 5.10% → 4.75%
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%
Fifth Third Bank, National Association	3.00% 0.01%	$5,000 $500	-	Learn More
Rate History: 5.00% → 4.00% → 3.50% → 2.00% → 3.00%
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)
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)
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
USAA Federal Savings Bank	1.65%	$1,000	-	Learn More
Rate History: 4.40% → 4.00% → 3.85% → 2.60% → 1.65%
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)
Citizens Federal Savings and Loan Association	1.10%	$10,000	-	Learn More Add Review
First State Bank	1.05%	$10,000	-	Learn More Add Review
Bank of Hindman	1.01%	$10,000	-	Learn More Add Review
The Cecilian Bank	1.00%	$1,000	-	Learn More
Machjen \| 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 Reviews (1)
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)
United Community Bank of West Kentucky, Inc.	1.00%	$10,000	-	Learn More
Norval Baird \| 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 Reviews (1)
Bank of Clarkson	1.00%	$10,000	-	Learn More Add Review
First Federal Savings Bank of Kentucky	1.00%	$10,000	-	Learn More
CD Dreamer \| Aug 17, 2015 I can only dream about CD rates returning to these levels like the 1970's. Read More Reviews (6)
First Federal Savings and Loan Association	1.00%	$10,000	-	Learn More Add Review
Eclipse Bank, Inc.	0.95%	$10,000	-	Learn More Add Review
The Sacramento Deposit Bank	0.90%	$100,000	-	Learn More Add Review
Bank of Edmonson County	0.90%	$100,000	-	Learn More Add Review
Meade County Bank	0.90%	$10,000	-	Learn More Add Review
Bank of Buffalo	0.90%	$10,000	-	Learn More Add Review
Clinton Bank	0.87%	$10,000	-	Learn More Add Review
Magnolia Bank	0.85%	$500	-	Learn More
fartoomany \| Sep 20, 2019 100 day cd 2.85% Read More Reviews (1)
Heritage Bank, Inc.	0.85%	$500	-	Learn More Add Review
Franklin Bank & Trust Company	0.85%	$100,000	-	Learn More Add Review
South Central Bank, Inc.	0.85%	$10,000	-	Learn More Add Review
West Point Bank	0.85%	$10,000	-	Learn More Add Review
River City Bank, Inc.	0.85%	$10,000	-	Learn More
BBN \| Aug 28, 2021 The posted rates for River City Bank are not accurate. I have inquired at the bank more than once. Read More Reviews (2)
Taylor County Bank	0.80%	$500	-	Learn More Add Review
The Citizens Bank	0.80%	$10,000	-	Learn More Add Review
Franklin Bank & Trust Company	0.80%	$10,000	-	Learn More Add Review
Forcht Bank, National Association	0.76%	$10,000	-	Learn More Add Review
Field & Main Bank	0.75%	$10,000	-	Learn More Add Review
Bank of Edmonson County	0.75%	$10,000	-	Learn More Add Review
South Central Bank, Inc.	0.75%	$10,000	-	Learn More Add Review
Peoples Bank	0.75%	$500	-	Learn More Add Review
First & Farmers National Bank, Inc.	0.75%	$10,000	-	Learn More Add Review
Citizens Bank & Trust Company	0.75%	$10,000	-	Learn More Add Review
United Citizens Bank of Southern Kentucky	0.75%	$10,000	-	Learn More Add Review
The First National Bank of Russell Springs	0.75%	$10,000	-	Learn More Add Review
1st Trust Bank, Inc.	0.75%	$100,000	-	Learn More Add Review
Hyden Citizens Bank	0.75%	$10,000	-	Learn More Add Review
Security Bank and Trust Company	0.70%	$10,000	-	Learn More Add Review
First United Bank and Trust Company	0.70%	$10,000	-	Learn More Add Review
Commonwealth Community Bank, Inc.	0.70%	$10,000	-	Learn More Add Review
South Central Bank, Inc.	0.70%	$10,000	-	Learn More Add Review
Home Savings Bank, FSB	0.70%	$10,000	-	Learn More Add Review
Guardian Savings Bank, A Federal Savings Bank	0.70%	$10,000	-	Learn More
Wfransdell@gmail.com \| Oct 29, 2017 Excellentr Read More Reviews (1)
The First National Bank of Manchester	0.70%	$100,000	-	Learn More Add Review
The Sacramento Deposit Bank	0.65%	$10,000	-	Learn More Add Review
The Lincoln National Bank of Hodgenville	0.65%	$100,000	-	Learn More Add Review
Bank of Jamestown	0.65%	$10,000	-	Learn More
houston0800 \| Sep 14, 2020 Jamestown KY Read More Reviews (17)
The Murray Bank	0.60%	$1,000	-	Learn More Add Review
The Farmers Bank	0.60%	$500	-	Learn More Add Review
First Kentucky Bank, Inc.	0.60%	$100,000	-	Learn More Add Review
The Farmers Bank of Milton	0.60%	$100,000	-	Learn More Add Review
Bedford Loan & Deposit Bank	0.60%	$10,000	-	Learn More Add Review
Citizens Bank of Kentucky, Inc.	0.60%	$10,000	-	Learn More Add Review
Citizens Bank	0.60%	$10,000	-	Learn More Add Review
Citizens Guaranty Bank	0.60%	$10,000	-	Learn More Add Review
1st Trust Bank, Inc.	0.60%	$10,000	-	Learn More Add Review
Jackson County Bank	0.60%	$10,000	-	Learn More Add Review
The First National Bank of Manchester	0.60%	$10,000	-	Learn More Add Review
Lewisburg Banking Company	0.55%	$1,000	-	Learn More
kateast \| Jun 7, 2018 Friendly people; good place to do business. Read More Reviews (1)
South Central Bank, Inc.	0.55%	$10,000	-	Learn More Add Review
First & Peoples Bank and Trust Company	0.55%	$100,000	-	Learn More Add Review
The First National Bank of Grayson	0.55%	$100,000	-	Learn More Add Review
United Cumberland Bank	0.55%	$10,000	-	Learn More Add Review
Peoples Exchange Bank	0.55%	$10,000	-	Learn More Add Review
Springfield State Bank	0.51%	$500	-	Learn More Add Review
The Huntington National Bank	0.50%	$1,000	-	Learn More
Allan \| 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 Reviews (1)
Independence Bank of Kentucky	0.50%	$10,000	-	Learn More
Pearl Girl GA \| 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 Reviews (1)
Bank of Cadiz and Trust Company	0.50%	$10,000	-	Learn More Add Review
Planters Bank, Inc.	0.50%	$10,000	-	Learn More Add Review
FirstBank	0.50%	$10,000	-	Learn More Add Review
The Lincoln National Bank of Hodgenville	0.50%	$10,000	-	Learn More Add Review
Town & Country Bank and Trust Company	0.50%	$10,000	-	Learn More Add Review
Stock Yards Bank & Trust Company	0.50%	$500	-	Learn More Add Review
The Farmers Bank of Milton	0.50%	$500	-	Learn More Add Review
FIRST NATIONAL BANK OF KENTUCKY	0.50%	$1,000	-	Learn More Add Review
The First National Bank of Brooksville	0.50%	$10,000	-	Learn More Add Review
First & Peoples Bank and Trust Company	0.50%	$10,000	-	Learn More Add Review
The First National Bank of Grayson	0.50%	$10,000	-	Learn More Add Review
The Commercial Bank of Grayson	0.50%	$10,000	-	Learn More Add Review
Kentucky Farmers Bank Corporation	0.50%	$10,000	-	Learn More Add Review
Bank of Columbia	0.50%	$10,000	-	Learn More Add Review
Peoples Bank & Trust Company of Hazard	0.50%	$10,000	-	Learn More
Jc \| Aug 5, 2021 This bank is terrible never allow them to keep your money Read More Reviews (1)
Farmers State Bank	0.50%	$1,000	-	Learn More Add Review
Citibank, National Association	0.50%	$0	-	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)
Cumberland Valley National Bank & Trust Company	0.49%	$10,000	-	Learn More Add Review
First Federal Savings and Loan Association	0.45%	$500	-	Learn More Add Review
First Financial Bank, National Association	0.45%	$10,000	-	Learn More Add Review
United Southern Bank	0.45%	$10,000	-	Learn More Add Review
Auburn Banking Company	0.45%	$10,000	-	Learn More Add Review
Morgantown Bank & Trust Company, Incorporated	0.45%	$10,000	-	Learn More Add Review
South Central Bank, Inc.	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)
Peoples Exchange Bank	0.45%	$10,000	-	Learn More Add Review
Hometown Bank of Corbin, Inc.	0.45%	$10,000	-	Learn More Add Review
Farmers & Traders Bank of Campton	0.45%	$10,000	-	Learn More Add Review
The Farmers National Bank of Lebanon	0.40%	$500	-	Learn More Add Review
Commercial Bank	0.40%	$500	-	Learn More Add Review
WesBanco Bank, Inc.	0.40%	$10,000	-	Learn More Add Review
Veritex Community Bank	0.40%	$10,000	-	Learn More Add Review
Whitaker Bank	0.40%	$10,000	-	Learn More
z h \| 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 Reviews (2)
Peoples Bank of Kentucky, Inc.	0.40%	$10,000	-	Learn More Add Review
Pinnacle Bank, Inc.	0.40%	$10,000	-	Learn More Add Review
PBK BANK, INC.	0.40%	$10,000	-	Learn More Add Review
Bank of the Bluegrass and Trust Company	0.40%	$500	-	Learn More Add Review
FIRST STATE BANK OF THE SOUTHEAST, INC	0.40%	$10,000	-	Learn More Add Review
Commercial Bank	0.40%	$10,000	-	Learn More Add Review
The First National Bank of Williamson	0.40%	$100,000	-	Learn More Add Review
The Monticello Banking Company	0.35%	$500	-	Learn More
Marty Clark \| 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 Reviews (1)
First Community Bank of the Heartland, Inc.	0.35%	$500	-	Learn More Add Review
Fredonia Valley Bank	0.35%	$10,000	-	Learn More Add Review
The Peoples Bank	0.35%	$10,000	-	Learn More Add Review
Central Bank & Trust Company	0.30%	$10,000	-	Learn More
Pbar \| Mar 11, 2023 Best Bank in Lexington. FDIC insured but not ruled by the Fed. Read More Reviews (2)
Bank of Maysville	0.30%	$10,000	-	Learn More Add Review
Bank of Lexington, Inc.	0.30%	$10,000	-	Learn More Add Review
Home Federal Bank Corporation	0.30%	$10,000	-	Learn More Add Review
The First National Bank of Williamson	0.30%	$10,000	-	Learn More Add Review
The Paducah Bank and Trust Company	0.28%	$5,000	-	Learn More Add Review
First Harrison Bank	0.25%	$2,500	-	Learn More
vernon Wayne Coats \| Sep 26, 2015 Very Polite and Helpful tellers and Managers. Excellent to deal with. Read More Reviews (1)
Traditional Bank, Inc.	0.25%	$10,000	-	Learn More Add Review
The Farmers National Bank of Danville	0.25%	$10,000	-	Learn More Add Review
The Casey County Bank, Inc.	0.25%	$10,000	-	Learn More Add Review
Farmers Bank and Trust Company	0.21%	$500	-	Learn More Add Review
The Citizens National Bank of Somerset	0.20%	$1,000	-	Learn More
preachjon@gmail.com \| 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 Reviews (1)
FNB Bank, Inc.	0.20%	$1,000	-	Learn More Add Review
First Southern National Bank	0.20%	$10,000	-	Learn More Add Review
Old National Bank	0.20%	$10,000	-	Learn More
jefflockwoodlaw2288@gmail.com \| 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 Reviews (2)
Wilson & Muir Bank & Trust Company	0.20%	$10,000	-	Learn More Add Review
Security Bank and Trust Co.	0.20%	$10,000	-	Learn More Add Review
The Peoples Bank	0.20%	$10,000	-	Learn More Add Review
Cumberland Security Bank, Inc.	0.20%	$10,000	-	Learn More Add Review
Citizens Bank & Trust Co. of Jackson	0.20%	$10,000	-	Learn More Add Review
Sebree Deposit Bank	0.15%	$500	-	Learn More Add Review
Banterra Bank	0.15%	$10,000	-	Learn More Add Review
First Financial Bank	0.15%	$10,000	-	Learn More Add Review
The Citizens National Bank of Lebanon	0.13%	$10,000	-	Learn More Add Review
First Kentucky Bank, Inc.	0.10%	$10,000	-	Learn More Add Review
Peoples Bank	0.10%	$10,000	-	Learn More
dionpayne \| Jun 28, 2017 showmethreethousanddollars Read More Reviews (1)
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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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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Kentucky 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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