Best 2-Year CD Rates in Maryland, MD

You are viewing rates from banks across Maryland

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

MD - December 1, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
Presidential Bank, FSB	4.65%	$1,000	-	Learn More Add Review
Rate History: 3.00% → 4.85% → 5.13% → 4.65%
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)
Forbright Bank	3.50%	$1,000	-	Learn More
Rate History: 3.00% → 4.00% → 4.25% → 3.75% → 3.50%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More Reviews (2)
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)
HSBC Bank USA, National Association	3.25%	$1,000	-	Learn More
Rate History: 4.25% → 4.00% → 4.10% → 3.50% → 3.25%
john \| Apr 14, 2020 I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year Read More Reviews (3)
First Shore Federal Savings and Loan Association	3.25%	$500	-	Learn More
Rate History: 3.51% → 3.00% → 3.25% → 3.00% → 3.25%
wwchinski@verizon.net \| Jul 11, 2018 cd rates Read More Reviews (2)
Blue Foundry Bank	3.25%	$1,000	-	Learn More Add Review
Rate History: 3.50% → 3.25%
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)
United Bank	1.80%	$500	-	Learn More
Jimleestro \| Apr 12, 2019 United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More Reviews (1)
Hingham Institution for Savings	1.75%	$1,000	-	Learn More Add Review
Atlantic Union Bank	1.15%	$1,000	-	Learn More
tedd \| Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More Reviews (2)
Wilmington Savings Fund Society, FSB	1.00%	$2,500	-	Learn More
Rate History: 1.75% → 1.00%
schoolbus2017 \| Nov 8, 2019 farmer 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)
Fulton Bank, National Association	0.95%	$1,000	-	Learn More Add Review
Somerset Trust Company	0.95%	$10,000	-	Learn More Add Review
Jarrettsville Federal Savings and Loan Association	0.95%	$10,000	-	Learn More
Savvysaver \| Jul 24, 2021 Rate is incorrect. Read More Reviews (1)
Cecil Bank	0.90%	$10,000	-	Learn More
Savvysaver \| Jul 24, 2021 $2000 minimum, 0.20% APY Read More Reviews (1)
Capital Bank, National Association	0.90%	$10,000	-	Learn More
Savvysaver \| Jul 24, 2021 Rate is incorrect. Read More Reviews (1)
FVCbank	0.90%	$10,000	-	Learn More Add Review
Rosedale Federal Savings and Loan Association	0.85%	$10,000	-	Learn More Add Review
Harford Bank	0.80%	$1,000	-	Learn More Add Review
John Marshall Bank	0.75%	$10,000	-	Learn More Add Review
Bank of Ocean City	0.75%	$10,000	-	Learn More Add Review
ACNB Bank	0.60%	$10,000	-	Learn More Add Review
Arundel Federal Savings Bank	0.60%	$100,000	-	Learn More Add Review
The Queenstown Bank of Maryland	0.55%	$10,000	-	Learn More Add Review
Calvin B. Taylor Banking Company of Berlin, Maryland	0.50%	$10,000	-	Learn More Add Review
Miners & Merchants Bank	0.50%	$100,000	-	Learn More Add Review
First National Bank of Pennsylvania	0.50%	$10,000	-	Learn More
Mark \| Apr 21, 2020 Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself. Read More Reviews (1)
Arundel Federal Savings Bank	0.50%	$10,000	-	Learn More Add Review
The Bank of Glen Burnie	0.50%	$10,000	-	Learn More Add Review
The Farmers Bank of Willards	0.50%	$10,000	-	Learn More Add Review
Homewood Federal Savings Bank	0.45%	$10,000	-	Learn More Add Review
The Chesapeake Bank & Trust Co.	0.45%	$100,000	-	Learn More Add Review
Hebron Savings Bank	0.45%	$10,000	-	Learn More
Edward Rote \| Aug 6, 2019 Run Run very far away. Find an institution where the upper staff actually can add. It is run like a pawn shop and payday loan Read More Reviews (1)
EagleBank	0.42%	$10,000	-	Learn More Add Review
Clear Mountain Bank	0.40%	$500	-	Learn More Add Review
Woodsboro Bank	0.40%	$10,000	-	Learn More
C P hoult \| Jun 16, 2022 Customer service Very Good. Always available Read More Reviews (1)
WesBanco Bank, Inc.	0.40%	$10,000	-	Learn More Add Review
Farmers and Merchants Bank	0.40%	$10,000	-	Learn More Add Review
The Chesapeake Bank & Trust Co.	0.40%	$10,000	-	Learn More Add Review
BayVanguard Bank	0.39%	$10,000	-	Learn More Add Review
The Peoples Bank	0.37%	$10,000	-	Learn More Add Review
CNB Bank, Inc.	0.35%	$500	-	Learn More Add Review
Middletown Valley Bank	0.35%	$10,000	-	Learn More Add Review
Orrstown Bank	0.35%	$10,000	-	Learn More Add Review
ACNB Bank	0.35%	$10,000	-	Learn More Add Review
Shore United Bank	0.30%	$500	-	Learn More Add Review
First United Bank & Trust	0.30%	$10,000	-	Learn More Add Review
Miners & Merchants Bank	0.30%	$10,000	-	Learn More Add Review
Jefferson Security Bank	0.30%	$10,000	-	Learn More Add Review
Sandy Spring Bank	0.25%	$10,000	-	Learn More
boon \| Oct 11, 2017 special; 14 MO CD 1.20% Read More Reviews (1)
The Harbor Bank of Maryland	0.25%	$10,000	-	Learn More Add Review
Eastern Savings Bank, FSB	0.20% 0.15%	$100,000 $1,000	-	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)
First-Citizens Bank & Trust Company	0.05%	$500	-	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)
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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Maryland 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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