Best 2-Year CD Rates in Boston, Massachusetts, MA

You are viewing rates from banks across Boston

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

Boston, MA - November 27, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
Salem Five Cents Savings Bank	4.25%	$500	18.45	Learn More
Rate History: 0.25% → 4.50% → 4.25%
DMuessig \| Jan 8, 2018 Another bad bank! Did a hard pull just to open a checking account with no overdraft and denied me. Never even bothered to send a letter or e-mail. Now I have another inquiry on my credit report for nothin... Read More Reviews (2)
Dedham Institution for Savings	4.25%	$1,000	-	Learn More Add Review
Everett Co-operative Bank	4.25% 1.00%	$501 $500	-	Learn More Add Review
Rate History: 2.25% → 5.00% → 4.75% → 4.50% → 4.25%
Beal Bank USA	4.15%	$1,000	-	Learn More
Rate History: 4.30% → 4.20% → 4.15%
george \| Feb 9, 2021 The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More Reviews (3)
South Shore Bank	4.00%	$1,000	-	Learn More Add Review
Rate History: 2.00% → 4.00%
Middlesex Savings Bank	4.00%	$10	-	Learn More
Stephen Clinton \| Jan 9, 2021 Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't th... Read More Reviews (1)
Northern Bank & Trust Company	4.00%	$500	-	Learn More Add Review
Rate History: 0.60% → 0.55% → 4.00%
Winchester Co-operative Bank	4.00%	$500	-	Learn More Add Review
Rate History: 4.25% → 4.50% → 4.25% → 4.00%
Pentucket Bank	3.90%	$500	-	Learn More Add Review
Rate History: 4.05% → 3.90%
StonehamBank, A Co-operative Bank	3.75%	$1,000	-	Learn More Add Review
Rate History: 4.50% → 4.40% → 4.25% → 4.00% → 3.75%
Citizens	3.75%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Eagle Bank	3.58%	$500	-	Learn More Add Review
Rate History: 4.10% → 4.00% → 3.58%
The National Grand Bank of Marblehead	3.50%	$1,000	-	Learn More Add Review
Needham Bank	3.50%	$1,000	-	Learn More
Shawn \| Feb 14, 2022 I had a personal checking account and a business account. All went well until I sent a polite letter pointing out that it is improper, and not good practice, to make online passwords expire. Why should ... Read More Reviews (2)
North Shore Bank, a Co-operative Bank	3.50%	$1,000	-	Learn More Add Review
BankGloucester	3.25%	$500	-	Learn More Add Review
Rate History: 1.00% → 4.00% → 3.75% → 3.60% → 3.25%
The Village Bank	3.25%	$20	-	Learn More
Rate History: 3.00% → 3.75% → 4.25% → 3.50% → 3.25%
Andrea \| Apr 18, 2017 Village Bank currently has a 15 mo. CD special at 1.50% Read More Reviews (1)
Reading Co-operative Bank	3.00%	$500	-	Learn More Add Review
Rate History: 3.75% → 3.00%
Institution for Savings in Newburyport and Its Vicinity	2.25%	$500	-	Learn More
Rate History: 2.25% → 0.75% → 2.50% → 2.25%
Karen nicoli \| Jan 23, 2017 2.50 Read More Reviews (1)
Santander Bank, N.A.	2.00%	$501	-	Learn More
Maggie \| May 11, 2023 They made mistakes twice and would not correct them Read More Reviews (6)
The Bank of Canton	2.00%	$1,000	-	Learn More Add Review
Leader Bank, National Association	2.00%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 2.00%
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
MutualOne Bank	1.75%	$500	18.01	Learn More
Rate History: 1.75% → 1.31% → 1.75%
Thomas DeMauro \| Aug 28, 2022 Rates are totally uncompetitive now. Read More Reviews (11)
Bank of Easton	1.31%	$500	-	Learn More Add Review
Rate History: 1.25% → 1.31%
OneLocal Bank	1.26%	$1,000	-	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)
Canton Co-operative Bank	0.90%	$10,000	16.12	Learn More Add Review
Cambridge Savings Bank	0.75%	$10,000	19.01	Learn More
rand \| Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More Reviews (2)
Cape Ann Savings Bank	0.75%	$500	-	Learn More Add Review
Rate History: 1.00% → 0.75%
Winchester Savings Bank	0.70%	$10,000	9.61	Learn More Add Review
Coastal Heritage Bank	0.70%	$10,000	8.62	Learn More Add Review
MountainOne Bank	0.65%	$10,000	8.58	Learn More Add Review
Enterprise Bank and Trust Company	0.60%	$10,000	23.80	Learn More Add Review
Winter Hill Bank, FSB	0.60%	$10,000	5.21	Learn More Add Review
NorthEast Community Bank	0.60%	$1,000	-	Learn More Add Review
Brookline Bank	0.50%	$10,000	14.43	Learn More
Bill Quinn \| Feb 21, 2015 Interesting. Is there an approximate Texas ratio for a bank at which other banks may become very interested in an acquisition. Read More Reviews (1)
Berkshire Bank	0.50%	$10,000	19.01	Learn More
Run \| Jan 12, 2021 They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More Reviews (2)
Commonwealth Co-operative Bank	0.50%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 0.50%
Middlesex Federal Savings, F.A.	0.50%	$500	-	Learn More Add Review
Rate History: 2.75% → 0.50%
Washington Savings Bank	0.50%	$500	-	Learn More Add Review
Rate History: 0.40% → 0.50%
Colonial Federal Savings Bank	0.45%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 0.45%
Cathay Bank	0.40%	$50,000	-	Learn More Add Review
East Cambridge Savings Bank	0.40%	$1,000	-	Learn More Add Review
Stoughton Co-operative Bank	0.40%	$500	-	Learn More Add Review
OneUnited Bank	0.30%	$1,000	-	Learn More Add Review
The Savings Bank	0.30%	$1,000	-	Learn More Add Review
Rate History: 0.30% → 0.35% → 0.30%
Wakefield Co-operative Bank	0.25%	$500	-	Learn More Add Review
Marblehead Bank	0.25%	$500	-	Learn More Add Review
Webster Bank, National Association	0.20%	$10,000	17.28	Learn More Add Review
Eastern Bank	0.15%	$10,000	17.65	Learn More
marcus \| Nov 1, 2021 worst bank ever and they racist ruth bitchell and the rest of them ban frontline workers that complain about their mistakes this only happens to blacks Read More Reviews (1)
Bluestone Bank	0.15%	$2,000	-	Learn More Add Review
Rate History: 0.20% → 4.50% → 4.75% → 0.20% → 0.15%
Watertown Savings Bank	0.10%	$10,000	12.19	Learn More
Denyse DuBrucq \| Jan 1, 2016 I very much prefer banking here. Everyone is so friendly and know who is calling by voice. Your help getting me through this year where I did as much as possible to launch my business, CryoRain Inc., is ... 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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Boston, Massachusetts 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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