Minnesota

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Minneapolis, Minnesota CD Rates – 2-Year

You are viewing rates from banks across Minneapolis

 

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

Minneapolis, MN - December 12, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Call 952-920-8400 for details!
Rate History: 3.00% → 4.15%

Rate History: 3.90% → 3.85% → 3.70% → 3.60% → 3.55%

Rate History: 5.00% → 3.25%

Rate History: 3.55% → 3.05%

Rate History: 1.75% → 1.50%

Rate History: 2.50% → 1.50%

| Mar 29, 2017

my ira Read More

1.05%

$100,000

5.81

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1.00%

$100,000

9.82

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| Feb 4, 2021

Yes Read More

0.90%

$10,000

9.82

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0.90%

$10,000

0.26

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0.85%

$10,000

10.46

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0.85%

$10,000

5.81

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0.85%

$10,000

10.43

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0.85%

$10,000

11.82

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0.80%

$10,000

18.63

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0.80%

$100,000

17.07

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0.75%

$100

8.81

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0.75%

$10,000

16.99

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0.75%

$100,000

7.91

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0.75%

$100,000

16.25

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0.75%

$10,000

15.93

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0.75%

$10,000

11.40

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0.70%

$10,000

19.00

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| Feb 4, 2021

Yes Read More

0.70%

$10,000

9.47

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0.65%

$10,000

11.14

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0.65%

$10,000

7.91

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0.65%

$10,000

8.03

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0.65%

$10,000

16.25

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0.62%

$50,000

21.60

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0.61%

$500

17.24

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0.60%

$5,000

21.60

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0.60%

$100,000

1.68

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0.60%

$100,000

17.65

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0.60%

$100,000

6.26

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0.55%

$10,000

17.65

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0.55%

$10,000

6.26

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0.55%

$10,000

17.07

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0.51%

$10,000

17.24

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0.50%

$1,000

11.64

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0.50%

$10,000

1.68

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0.50%

$10,000

0.91

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0.50%

$10,000

21.01

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0.50%

$10,000

6.68

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0.50%

$100,000

22.77

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0.45%

$1,000

9.88

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0.45%

$10,000

22.77

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| Jan 12, 2023

Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months without any resolution. I haven't been presented any evidence in that time that ... Read More

0.45%

$10,000

10.60

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0.45%

$100,000

15.74

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0.45%

$10,000

10.00

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0.45%

$10,000

9.75

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0.45%

$10,000

1.64

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0.45%

$10,000

12.53

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0.45%

$25,000

16.30

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0.42%

$10,000

21.01

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0.40%

$250

12.51

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0.40%

$10,000

22.77

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0.40%

$10,000

21.01

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0.40%

$10,000

9.75

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0.40%

$10,000

18.07

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0.40%

$100,000

11.72

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0.35%

$500

18.60

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0.35%

$10,000

22.77

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0.35%

$10,000

15.74

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0.35%

$1,000

16.30

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0.33%

$100,000

22.77

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0.30%

$10,000

22.77

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0.30%

$10,000

24.40

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0.30%

$10,000

4.67

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0.29%

$500

20.82

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0.25%

$10,000

22.77

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0.24%

$10,000

21.01

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0.22%

$10,000

22.77

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| Jul 18, 2021

I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More

0.20%

$10,000

22.77

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0.20%

$10,000

11.72

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| Dec 3, 2020

Premier Bank stole my first HSA. The bank claims to have reached out to me before doing this, even though they had my correct and current phone number on file, but after some time of not using the mone... Read More

0.15%

$10,000

22.77

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0.15%

$10,000

7.53

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0.14%

$100,000

22.77

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0.12%

$10,000

22.77

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| May 24, 2016

SIR: I WOULD LIKE TO OPEN AN ONLINE ACCOUNT WITH YOUR BANK IN MN!!! COULD YOU HELP ME WITH THAT??? MY EMAIL ADDRESS IS: tepysutsak@gmail.com. THANK YOU Read More

0.05%

$10,000

17.40

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| 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

| 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

0.01%

$10,000

12.98

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All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

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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