Best 2-Year CD Rates in Mississippi, MS

You are viewing rates from banks across Mississippi

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

MS - December 21, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
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)
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)
Bank of Whittier, National Association	3.36%	$1,000	-	Learn More Add Review
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%
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)
Bank of Anguilla	1.26%	$10,000	-	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)
First Financial Bank	1.00%	$10,000	-	Learn More Add Review
Grand Bank for Savings, FSB	1.00%	$10,000	-	Learn More Add Review
The Jefferson Bank	0.90%	$10,000	-	Learn More Add Review
Planters Bank & Trust Company	0.85%	$2,500	-	Learn More Add Review
Citizens Bank & Trust Co.	0.80%	$10,000	-	Learn More Add Review
FIRST COMMERCIAL BANK	0.80%	$10,000	-	Learn More Add Review
Delta Bank	0.80%	$100,000	-	Learn More Add Review
The Cleveland State Bank	0.75%	$1,000	-	Learn More Add Review
United Mississippi Bank	0.75%	$10,000	-	Learn More Add Review
Magnolia State Bank	0.70%	$1,000	-	Learn More Add Review
Oxford University Bank	0.70%	$10,000	-	Learn More Add Review
Bank of Franklin	0.70%	$10,000	-	Learn More Add Review
Bank of Commerce	0.65%	$10,000	-	Learn More Add Review
Home Bank, National Association	0.65%	$10,000	-	Learn More Add Review
Concordia Bank & Trust Company	0.65%	$10,000	-	Learn More Add Review
Delta Bank	0.65%	$10,000	-	Learn More Add Review
First National Bank of Clarksdale	0.60%	$10,000	-	Learn More Add Review
The Bank of Holly Springs	0.60%	$10,000	-	Learn More Add Review
First State Bank	0.60%	$100,000	-	Learn More Add Review
First Federal Savings and Loan Association	0.60%	$100,000	-	Learn More Add Review
BNA Bank	0.55%	$10,000	-	Learn More Add Review
First Bank	0.55%	$10,000	-	Learn More Add Review
Merchants and Planters Bank	0.55%	$100,000	-	Learn More Add Review
Bank of Okolona	0.52%	$10,000	-	Learn More Add Review
Bank of Yazoo City	0.50%	$500	-	Learn More Add Review
Farmers and Merchants Bank	0.50%	$10,000	-	Learn More Add Review
The Peoples Bank	0.50%	$100,000	-	Learn More Add Review
Commerce Bank	0.50%	$10,000	-	Learn More Add Review
Bank of Kilmichael	0.50%	$10,000	-	Learn More
DPB3633 \| Dec 17, 2021 What is a bank ACH number? Read More Reviews (1)
Bank of Winona	0.50%	$10,000	-	Learn More Add Review
Merchants and Planters Bank	0.50%	$10,000	-	Learn More Add Review
First State Bank	0.50%	$10,000	-	Learn More Add Review
First Federal Savings and Loan Association	0.50%	$10,000	-	Learn More Add Review
Merchants & Marine Bank	0.50%	$10,000	-	Learn More Add Review
Pike National Bank	0.50%	$500	-	Learn More Add Review
First National Bank of Picayune	0.50%	$10,000	-	Learn More Add Review
Richton Bank & Trust Company	0.50%	$10,000	-	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)
Guaranty Bank and Trust Company	0.48%	$100,000	-	Learn More Add Review
First State Bank	0.45%	$100,000	-	Learn More Add Review
CB&S Bank, Inc.	0.45%	$10,000	-	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
The Citizens Bank of Philadelphia, Mississippi	0.45%	$10,000	-	Learn More Add Review
The Bank of Forest	0.45%	$10,000	-	Learn More Add Review
Guaranty Bank and Trust Company	0.43%	$10,000	-	Learn More Add Review
Community Spirit Bank	0.40%	$10,000	-	Learn More Add Review
Southern Bancorp Bank	0.40%	$10,000	-	Learn More Add Review
The First, A National Banking Association	0.40%	$10,000	-	Learn More Add Review
The Peoples Bank	0.40%	$10,000	-	Learn More Add Review
Holmes County Bank & Trust Company	0.40%	$10,000	-	Learn More Add Review
Great Southern Bank	0.40%	$10,000	-	Learn More Add Review
Bank of Brookhaven	0.40%	$10,000	-	Learn More Add Review
First Security Bank	0.35%	$100,000	-	Learn More Add Review
Trustmark National Bank	0.35%	$10,000	-	Learn More
trbf15 \| Nov 4, 2020 Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More Reviews (1)
Community Bank of Mississippi	0.35%	$10,000	-	Learn More Add Review
The Peoples Bank, Biloxi, Mississippi	0.35%	$10,000	-	Learn More Add Review
The Commercial Bank	0.35%	$10,000	-	Learn More Add Review
Peoples Bank Restrictions	0.35%	$10,000	-	Learn More Add Review
Covington County Bank	0.35%	$10,000	-	Learn More Add Review
First State Bank	0.35%	$10,000	-	Learn More Add Review
Citizens Bank	0.35%	$1,000	-	Learn More Add Review
First Southern Bank	0.35%	$10,000	-	Learn More Add Review
Century Bank	0.35%	$10,000	-	Learn More Add Review
First Security Bank	0.30%	$10,000	-	Learn More Add Review
PriorityOne Bank	0.30%	$10,000	-	Learn More
Archie \| Feb 8, 2017 25000 Read More Reviews (1)
BankPlus	0.25%	$1,000	-	Learn More Add Review
Renasant Bank	0.25%	$10,000	-	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
Origin Bank	0.25%	$10,000	-	Learn More
Ralph \| Nov 26, 2019 They might be covered but they do little to safeguard your money. I was hacked, the hackers posed as bank employees accessed my account and made payments to fraudulent accounts. I had to explain to them wh... Read More Reviews (1)
Paragon Bank	0.25%	$10,000	-	Learn More Add Review
BankFirst Financial Services	0.25%	$10,000	-	Learn More Add Review
The Citizens National Bank of Meridian	0.20%	$10,000	-	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)
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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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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Mississippi 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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