Best 2-Year CD Rates in Massachusetts, MA

You are viewing rates from banks across Massachusetts

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

MA - November 4, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
Salem Five Cents Savings Bank	4.25%	$500	-	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)
Customers Bank	4.15%	$500	-	Learn More
Rate History: 4.35% → 4.15%
James A. Elder \| Mar 25, 2020 I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More Reviews (3)
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)
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%
Bank of Whittier, National Association	3.87%	$1,000	-	Learn More Add Review
Bristol County Savings Bank	3.82%	$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)
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%
Haverhill Bank	3.75%	$500	-	Learn More Add Review
Rate History: 1.01% → 3.75%
Citizens	3.75%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Capital One, National Association	3.70%	$0	-	Learn More
Rate History: 4.40% → 4.30% → 4.20% → 4.00% → 3.70%
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)
HarborOne Bank	3.60%	$1,000	-	Learn More
Rate History: 2.00% → 3.50% → 4.00% → 3.75% → 3.60%
Jacob \| Jan 30, 2020 Find branch personnel are genuinely interested in my business. Read More Reviews (2)
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
Newburyport Five Cents Savings Bank	3.50%	$500	-	Learn More
Richard Cushing \| Mar 27, 2019 Still waiting for a call back from Liz over a long standing,annoying account problem Read More Reviews (1)
Cape Cod Co-operative Bank	3.50%	$500	-	Learn More Add Review
Rate History: 1.00% → 3.75% → 3.50% → 3.75% → 3.50%
Avidia Bank	3.35%	$1,000	-	Learn More
Rate History: 3.92% → 4.18% → 3.82% → 4.08% → 3.35%
sur \| Aug 16, 2019 Deceptive Sales Practices: Huge Penalties What an awakening! Without any clear statement, and nothing at all on its website, Avidia charged us 50% of the CD’s FULL TERM interest, including both paid... Read More Reviews (1)
Country Bank for Savings	3.30%	$500	-	Learn More Add Review
Rate History: 1.00% → 0.75% → 4.07% → 3.30%
Lee Bank	3.25%	$500	-	Learn More Add Review
Rate History: 1.25% → 3.50% → 3.25%
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)
Blue Foundry Bank	3.25%	$1,000	-	Learn More Add Review
Rate History: 3.50% → 3.25%
Reading Co-operative Bank	3.00%	$500	-	Learn More Add Review
Rate History: 3.75% → 3.00%
Charles River Bank	3.00%	$1,000	-	Learn More Add Review
Seamen's Bank	3.00%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 3.00%
Fall River Five Cents Savings Bank	3.00%	$100	-	Learn More Add Review
Rockland Trust Company	2.75%	$1,000	-	Learn More
Rate History: 3.00% → 2.75%
Sanshir \| Sep 14, 2023 Used them my whole life! Great little bank! Read More Reviews (3)
UniBank for Savings	2.75% 1.25%	$501 $500	-	Learn More Add Review
Rate History: 1.00% → 2.75%
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)
Millbury National Bank	2.52% 1.51%	$500 $501	-	Learn More Add Review
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)
City National Bank	2.02%	$10,000	-	Learn More Add Review
Rate History: 2.53% → 2.02%
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)
South Shore Bank	2.00%	$1,000	-	Learn More Add Review
Bay State Savings Bank	2.00%	$1,000	-	Learn More Add Review
Methuen Co-operative Bank	2.00%	$1,000	-	Learn More Add Review
Rate History: 1.75% → 2.00%
The Bank of Canton	2.00%	$1,000	-	Learn More Add Review
Mechanics Cooperative Bank	2.00%	$500	-	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	-	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%
Savers Co-operative Bank	1.28%	$500	-	Learn More Add Review
OneLocal Bank	1.26%	$1,000	-	Learn More Add Review
Dean Co-operative Bank	1.25%	$500	-	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)
Rollstone Bank & Trust	1.00%	$500	-	Learn More Add Review
Canton Co-operative Bank	0.90%	$10,000	-	Learn More Add Review
Fidelity Co-operative Bank	0.85%	$500	-	Learn More
burtlaman@verizon.net \| Jun 13, 2016 I'm interested in your special sav send info Read More Reviews (1)
Cambridge Savings Bank	0.75%	$10,000	-	Learn More
rand \| Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More Reviews (2)
Milford Federal Bank	0.75%	$10,000	-	Learn More
cfcbjm \| Nov 5, 2020 Appalling customer service! Don't answer the phone, a simple credit line takes days & a mountain of paperwork - absolutely not worth the trouble! Read More Reviews (1)
Salem Co-operative Bank	0.75%	$10,000	-	Learn More Add Review
Cape Ann Savings Bank	0.75%	$500	-	Learn More Add Review
Rate History: 1.00% → 0.75%
Winchester Savings Bank	0.70%	$10,000	-	Learn More Add Review
Coastal Heritage Bank	0.70%	$10,000	-	Learn More Add Review
The Provident Bank	0.65%	$500	-	Learn More Add Review
Adams Community Bank	0.65%	$10	-	Learn More Add Review
MountainOne Bank	0.65%	$10,000	-	Learn More Add Review
Main Street Bank	0.65%	$10,000	-	Learn More Add Review
North Brookfield Savings Bank	0.65%	$500	-	Learn More
Rate History: 1.00% → 0.65%
Incompetent and dishonest \| Apr 21, 2020 Expect to not have e-mails responded to properly or phone calls returned. this is the type of institution that you will be dealing with if you go here Read More Reviews (1)
NBT Bank, National Association	0.60%	$10,000	-	Learn More Add Review
Enterprise Bank and Trust Company	0.60%	$10,000	-	Learn More Add Review
Winter Hill Bank, FSB	0.60%	$10,000	-	Learn More Add Review
NorthEast Community Bank	0.60%	$1,000	-	Learn More Add Review
Greenfield Savings Bank	0.55%	$10	-	Learn More Add Review
Rate History: 0.50% → 0.55%
Bank of New England	0.55%	$10,000	-	Learn More Add Review
Brookline Bank	0.50%	$10,000	-	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	-	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%
Athol Savings Bank	0.50%	$500	-	Learn More Add Review
Cornerstone Bank	0.50%	$10,000	-	Learn More Add Review
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%
North Easton Savings Bank	0.50%	$500	-	Learn More
CS \| Sep 3, 2020 Went in to open accounts in Middleboro foy my husband and myself as well as one for my grandson. Without being invited into an office I was asked from across the room if I was opening accounts for the chi... Read More Reviews (2)
Bank Hometown	0.45%	$1,000	-	Learn More Add Review
Rate History: 0.35% → 0.45%
The Pittsfield Co-operative Bank	0.45%	$10,000	-	Learn More Add Review
Greenfield Co-operative Bank	0.45%	$10,000	-	Learn More Add Review
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
Wrentham Co-operative Bank	0.40%	$500	-	Learn More Add Review
Stoughton Co-operative Bank	0.40%	$500	-	Learn More Add Review
BayCoast Bank	0.40%	$10	-	Learn More Add Review
Clinton Savings Bank	0.35%	$10	-	Learn More Add Review
OneUnited Bank	0.30%	$1,000	-	Learn More Add Review
Easthampton Savings Bank	0.30%	$1,000	-	Learn More Add Review
Rate History: 0.35% → 0.20% → 0.30%
The Savings Bank	0.30%	$1,000	-	Learn More Add Review
Rate History: 0.30% → 0.35% → 0.30%
Monson Savings Bank	0.25%	$1,000	-	Learn More Add Review
Wakefield Co-operative Bank	0.25%	$500	-	Learn More Add Review
Marblehead Bank	0.25%	$500	-	Learn More Add Review
PeoplesBank	0.20%	$1,000	-	Learn More Add Review
Webster Bank, National Association	0.20%	$10,000	-	Learn More Add Review
Florence Bank	0.20%	$500	-	Learn More Add Review
Eastern Bank	0.15%	$10,000	-	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)
Community Bank, National Association	0.15%	$100,000	-	Learn More Add Review
Bluestone Bank	0.15%	$2,000	-	Learn More Add Review
Rate History: 0.20% → 4.50% → 4.75% → 0.20% → 0.15%
Westfield Bank	0.10%	$1,000	-	Learn More Add Review
Community Bank, National Association	0.10%	$10,000	-	Learn More Add Review
Watertown Savings Bank	0.10%	$10,000	-	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)
The Cape Cod Five Cents Savings Bank	0.10%	$1,000	-	Learn More
Rate History: 1.00% → 0.13% → 0.10%
John Darretta \| Nov 13, 2019 My favorite bank in South Dennis MA. There are always sufficient enough staff so that there is never a long waiting line. And the staff is always pleasant and efficient. Read More Reviews (2)
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)
Webster Five Cents Savings Bank	0.05%	$10	-	Learn More Add Review
Rate History: 4.14% → 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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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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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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