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You are viewing rates from banks across Salem
Below are two-year Certificates of Deposit (CD) rates from banks in Salem, 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.
Salem, MA - November 24, 2024
2 Year CD National Average : 0.66% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
|
4.25% |
$500 |
17.66 |
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Rate History: 0.25% → 4.50% → 4.25% |
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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 |
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4.25% 1.00% |
$501 $500 |
- |
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Rate History: 2.25% → 5.00% → 4.75% → 4.50% → 4.25% |
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4.00% |
$500 |
- |
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Rate History: 0.60% → 0.55% → 4.00% |
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4.00% |
$500 |
- |
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Rate History: 4.25% → 4.50% → 4.25% → 4.00% |
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|
3.90% |
$500 |
- |
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Rate History: 4.05% → 3.90% |
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3.75% |
$1,000 |
- |
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Rate History: 4.50% → 4.40% → 4.25% → 4.00% → 3.75% |
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|
3.58% |
$500 |
- |
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Rate History: 4.10% → 4.00% → 3.58% |
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3.50% |
$1,000 |
- |
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3.50% |
$500 |
- |
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|
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Rate History: 1.01% → 3.75% → 3.50% |
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3.50% |
$1,000 |
- |
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3.50% |
$500 |
- |
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Richard Cushing | Mar 27, 2019 Still waiting for a call back from Liz over a long standing,annoying account problem Read More |
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3.25% |
$500 |
- |
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Rate History: 1.00% → 4.00% → 3.75% → 3.60% → 3.25% |
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3.00% |
$500 |
- |
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Rate History: 3.75% → 3.00% |
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2.25% |
$500 |
- |
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Rate History: 2.25% → 0.75% → 2.50% → 2.25% |
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Karen nicoli | Jan 23, 2017 2.50 Read More |
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2.00% |
$501 |
- |
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Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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2.00% |
$1,000 |
- |
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Rate History: 1.75% → 2.00% |
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|
2.00% |
$1,000 |
- |
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2.00% |
$1,000 |
- |
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|
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Rate History: 1.00% → 2.00% |
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|
2.00% |
$10,000 |
- |
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Rate History: 3.00% → 2.50% → 2.00% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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1.75% |
$1,000 |
- |
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|
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1.00% |
$10,000 |
- |
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Rate History: 4.00% → 1.00% → 4.00% → 1.00% |
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Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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|
0.75% |
$10,000 |
23.11 |
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|
rand | Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More |
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|
0.75% |
$10,000 |
15.27 |
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0.75% |
$500 |
- |
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|
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Rate History: 1.00% → 0.75% |
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|
0.70% |
$10,000 |
19.94 |
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0.70% |
$10,000 |
11.88 |
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0.65% |
$500 |
15.00 |
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0.65% |
$10,000 |
7.29 |
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0.60% |
$10,000 |
19.02 |
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0.60% |
$10,000 |
21.58 |
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0.60% |
$1,000 |
- |
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0.55% |
$10,000 |
18.69 |
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0.50% |
$500 |
- |
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|
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Rate History: 2.75% → 0.50% |
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|
0.40% |
$50,000 |
- |
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0.30% |
$1,000 |
- |
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0.30% |
$1,000 |
- |
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Rate History: 0.30% → 0.35% → 0.30% |
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0.25% |
$500 |
- |
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0.25% |
$500 |
- |
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|
0.20% |
$10,000 |
22.13 |
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0.15% |
$10,000 |
23.14 |
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|
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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 |
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0.03% |
$100,000 |
- |
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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 |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
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.
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.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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