New York

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New York CD Rates – 2-Year

You are viewing rates from banks across New York

 

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

NY - December 15, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Rate History: 4.35% → 4.15%

| 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

Rate History: 5.00% → 4.75% → 4.50% → 4.25% → 4.15%

| Oct 29, 2018

I believe you must live in Utica or surrounding area to qualify for opening an account with them - I inquired a few years ago Read More

Rate History: 4.64% → 4.13%

Rate History: 5.09% → 4.99% → 4.58% → 4.47% → 4.06%

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.75% → 4.40% → 4.30% → 4.05%

| 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

Rate History: 4.00% → 4.25% → 4.00% → 3.50% → 4.00%

3.87%

$1,000

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Early Withdrawal Penalty is 180 days interest.
Rate History: 0.55% → 0.50% → 3.80% → 3.75%

| 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

Rate History: 2.75% → 4.00%

| Aug 24, 2018

Flagstar is nothing but a bunch of bitches and if they think i.m sending this check to them signed they can kiss my fuckin ass. I will let this house fall apart before they make a damn dime of me, How you... Read More

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.30% → 4.20% → 4.00% → 3.70% → 3.60%

| 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

Rate History: 3.95% → 3.70% → 3.90% → 3.60%

| Dec 3, 2019

Have done business with "Hope's" San Diego branch for a few years. Always courteous and helpful. Looking forward to doing business with them in the future. Read More

Rate History: 4.00% → 4.10% → 3.50% → 3.25% → 3.50%

| 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

Rate History: 4.27% → 4.30% → 4.40% → 3.50%

Rate History: 4.50% → 4.50% → 3.50%

| Jan 30, 2021

Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated. Read More

Rate History: 1.00% → 3.60% → 3.57% → 3.47%

Rate History: 4.00% → 4.10% → 3.70% → 3.60% → 3.45%

| 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

Warning: Early withdrawal penalty equals two years of interest.
Rate History: 4.50% → 3.85% → 3.35%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Rate History: 3.50% → 3.25%

Rate History: 3.30% → 3.35% → 3.30% → 3.82% → 3.05%

Rate History: 3.05% → 3.30% → 3.05%

3.05%

$500

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| Dec 2, 2022

No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More

Rate History: 0.60% → 3.00%

| Jul 31, 2020

Reduced savings rate from 1.88% to .75% a day after I deposited a substantial amount of money and no notice given or reduction in rate told to me Read More

Rate History: 4.00% → 3.50% → 3.00%

| Feb 5, 2020

The employees of this bank are helpful but the bank's systems and procedures for obtaining your account information STINK. If you want a bank that provides you quarterly (or even annual) statements by mai... Read More

Rate History: 2.65% → 3.00%

| Feb 13, 2018

Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys an... Read More

Rate History: 4.00% → 3.00%

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

Rate History: 4.05% → 4.25% → 4.05% → 4.00% → 2.50%

| Apr 25, 2022

We would not be having all this trouble with people sealing money out of other people's bank accounts if we were to just stop using fancy banking like onlinebanki Read More

Rate History: 1.26% → 2.25%

Rate History: 1.00% → 1.55% → 2.25%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

Rate History: 2.53% → 2.02%

| May 11, 2023

They made mistakes twice and would not correct them Read More

| May 8, 2021

Location: 5069 N. Broadway Chicago IL 60640 Read More

Rate History: 3.00% → 2.50% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

Rate History: 4.40% → 4.00% → 3.85% → 2.60% → 1.65%

| 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

Rate History: 1.40% → 1.41%

Rate History: 4.00% → 1.00% → 4.00% → 1.00%

| May 19, 2018

Experience Read More

1.00%

$10,000

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| Nov 26, 2018

This is a terrible bank. The employees are rude and do not care. The auto lender ratio is very high, which could affect their bottom number. Don’t use this bank, there are other stable banks in the area ... Read More

0.81%

$2,500

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0.80%

$10,000

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| May 22, 2023

The Bank Rondout Savings Bank is SCAM and bad company This is horrible bank , the loans insisted that I must come in the office before they will review my application for loan. But Everything is done onli... Read More

| Aug 19, 2021

Best Service! Read More

0.75%

$10,000

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0.75%

$10,000

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Rate History: 0.50% → 0.52% → 0.57% → 0.67% → 0.72%

| Oct 1, 2017

Will play games with your account. changing posting dates and times. Will hold direct deposit so you overdraft your account. Read More

| May 14, 2015

looking to refinance into a fixed equity 15 yr loan, I have now a 1st Mortg & equity line total of about 218000. looking to get about 360 & pay off the old ones & have extra, I have a 4 unit house were we ... Read More

0.70%

$10,000

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0.70%

$10,000

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0.70%

$10,000

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0.65%

$10,000

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0.65%

$10,000

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0.65%

$100,000

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0.65%

$10,000

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0.60%

$1,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$100,000

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0.60%

$100,000

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0.55%

$10,000

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0.55%

$10,000

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0.55%

$100,000

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Rate History: 0.30% → 0.55%

0.55%

$1,000

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0.50%

$500

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0.50%

$5,000

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0.50%

$100,000

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0.50%

$10,000

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0.50%

$10,000

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| 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

| Sep 13, 2018

I was going to open an account, but turned around and walked out when they told me it will take 90 Days to get my Debit Card? Really? 90 Days?? NO THANKS. I went to their Competitor!!! Read More

0.50%

$10,000

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0.50%

$10,000

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0.50%

$100,000

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Rate History: 2.00% → 0.50%

| 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

0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.49%

$10,000

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0.48%

$10,000

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0.45%

$10,000

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| Apr 5, 2024

need to deposit loose change Read More

0.45%

$10,000

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0.45%

$10,000

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0.41%

$10,000

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0.40%

$1,000

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0.40%

$500

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0.40%

$100,000

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| Aug 1, 2016

Currently looking for a list of non- performing loans on properties in the Western, New York area. Not sure where to obtain this information from Five Star, but if you would forward this request to the cor... Read More

0.40%

$10,000

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0.40%

$10,000

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| Jan 26, 2024

I have been with Wayne Bank for almost 3 years after moving all of my accounts from Hells Fargo. Since then, I have had so many problems with depositing checks with my iPhone. (phone upgraded twice sinc... Read More

0.40%

$1,000

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| Apr 27, 2018

Best Rates and service in the area!!! Read More

0.35%

$10,000

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| May 30, 2020

Terrible bank. Very rude to their customers and treat you as if you are unimportant. I started a new job and my direct deposit did not go into effect yet. I deposited my paycheck 3 weeks in a row and on th... Read More

0.35%

$500

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0.35%

$10,000

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0.35%

$10,000

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0.35%

$10,000

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| Jul 7, 2016

I first dealt with Mrs. Bosch at OCTC in 1975. You will not find a bank who will treat you with the respect and truthfulness a customer deserves. Read More

| Mar 29, 2020

have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More

0.30%

$10,000

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0.30%

$10,000

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0.30%

$500

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0.30%

$10,000

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0.30%

$100,000

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0.30%

$10,000

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| Jan 5, 2018

BEWARE of their Home Equity Loan practices. Towards the end of the process, after you've complied with all their requests and are on the hook for lots of fees if you cancel, they demand that all of your cr... Read More

0.25%

$10,000

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0.25%

$10,000

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| Mar 10, 2021

I think that it is absolutely despicable that I have been a customer of the Bank for more than 8 years and I bring in rolled coins with my account number on each wrapper and I am charged 5% fee. Cost me $3... Read More

0.22%

$10,000

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| Jan 12, 2018

I've been with this bank for years; it used to be great, with good customer service that made up the for inconvenience of small-town banking with few locations. However, they recently switched to a new on... Read More

0.20%

$10,000

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0.15%

$100,000

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| Mar 15, 2023

Oh Natty natty natty, haha the fact you need to take out (probably a second) loan for $160,000 on a $625,000 sends up all kinds of red flags. The bank was right to run away from YOU dear hahaha. Read More

0.15%

$100,000

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0.10%

$500

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| Dec 30, 2018

Garden14 Read More

0.10%

$10,000

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Rate History: 0.01% → 0.05%

| 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

| Jan 12, 2018

I've been with this bank for years; it used to be great, with good customer service that made up the for inconvenience of small-town banking with few locations. However, they recently switched to a new on... Read More

| 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

| 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

| 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

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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