Best 2-Year CD Rates in Hempstead, New York, NY

You are viewing rates from banks across Hempstead

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

Hempstead, NY - March 28, 2025

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
Customers Bank	3.75%	$500	-	Learn More
Rate History: 4.35% → 4.15% → 4.00% → 3.75%
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)
First Central Savings Bank	3.70%	$500	-	Learn More Add Review
Spring Bank	3.70%	$250	-	Learn More Add Review
Rate History: 4.50% → 4.50% → 3.50% → 3.70%
Eastbank, National Association	3.60%	$2,500	-	Learn More Add Review
Rate History: 3.75% → 3.60%
HSBC Bank USA, National Association	3.50%	$1,000	-	Learn More
Rate History: 4.00% → 4.10% → 3.50% → 3.25% → 3.50%
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)
Capital One, National Association	3.50%	$0	-	Learn More
Rate History: 4.20% → 4.00% → 3.70% → 3.60% → 3.50%
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)
Flushing Bank	3.50%	$1,000	-	Learn More
Rate History: 1.00% → 3.50%
Fred Theobald \| Jun 15, 2017 Just a great group of people to interact with at the Mineola branch. Been working with them for years. Everybody at all of the branches has always been a pleasure. Read More Reviews (1)
New Millennium Bank	3.50%	$500	-	Learn More Add Review
Rate History: 4.25% → 4.00% → 3.50% → 4.00% → 3.50%
Ponce Bank	3.50%	$1,000	-	Learn More Add Review
Rate History: 4.27% → 4.30% → 4.40% → 3.50%
Citizens	3.50%	$5,000	-	Learn More
Rate History: 3.75% → 3.50%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Bank of Hope	3.45% 0.30%	$250,000 $1,000	-	Learn More
Rate History: 3.95% → 3.70% → 3.90% → 3.60% → 3.45%
NORTY FLATZ \| 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 Reviews (1)
Cross County Savings Bank	3.45%	$500	-	Learn More Add Review
Rate History: 4.00% → 4.10% → 3.70% → 3.60% → 3.45%
Maspeth Federal Savings and Loan Association	3.40%	$2,500	-	Learn More Add Review
Rate History: 3.45% → 3.40%
Quontic Bank	3.35%	$500	-	Learn More
Warning: Early withdrawal penalty equals two years of interest. Rate History: 4.50% → 3.85% → 3.35%
JuanVelasco \| 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 Reviews (15)
Valley National Bank	3.00%	$500	-	Learn More
SadSack \| Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More Reviews (2)
Manufacturers and Traders Trust Company	3.00%	$1,000	-	Learn More
Rate History: 4.50% → 4.00% → 3.75% → 3.00%
Claire blankinship \| Aug 5, 2020 I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience. Read More Reviews (3)
Amalgamated Bank	3.00%	$500	-	Learn More Add Review
Rate History: 3.35% → 3.30% → 3.82% → 3.05% → 3.00%
Apple Bank for Savings	3.00%	$1,000	-	Learn More Add Review
Rate History: 3.50% → 3.00%
Hanover Community Bank	3.00%	$500	-	Learn More
Rate History: 4.00% → 3.50% → 3.00%
Douglas H \| 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 Reviews (2)
Habib American Bank	3.00%	$1,500	-	Learn More
Rate History: 2.65% → 3.00%
Ryan \| 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 Reviews (2)
Ridgewood Savings Bank	2.50%	$100	-	Learn More
Rate History: 4.05% → 4.25% → 4.05% → 4.00% → 2.50%
an \| 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 Reviews (5)
Sunnyside Federal Savings and Loan Association of Irvington	2.50%	$500	-	Learn More Add Review
The First National Bank of Long Island	2.50%	$500	-	Learn More Add Review
Rate History: 2.00% → 2.50%
Northfield Bank	2.00%	$0	-	Learn More Add Review
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)
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)
Amerasia Bank	0.76%	$10,000	14.70	Learn More
Chang \| Aug 19, 2021 Best Service! Read More Reviews (3)
Esquire Bank, National Association	0.75%	$10,000	1.91	Learn More Add Review
BNB Bank	0.70%	$10,000	8.90	Learn More Add Review
Alma Bank	0.65%	$10,000	21.49	Learn More Add Review
NorthEast Community Bank	0.60%	$1,000	-	Learn More Add Review
Industrial and Commercial Bank of China USA, National Association	0.60%	$100,000	11.98	Learn More Add Review
PCSB Bank	0.55%	$10,000	16.45	Learn More Add Review
Abacus Federal Savings Bank	0.55%	$1,000	11.98	Learn More Add Review
CTBC Bank Corp. (USA)	0.50%	$5,000	-	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)
Carver Federal Savings Bank	0.50%	$10,000	20.22	Learn More Add Review
Industrial and Commercial Bank of China USA, National Association	0.50%	$10,000	11.98	Learn More Add Review
Cathay Bank	0.40%	$50,000	-	Learn More Add Review
The Berkshire Bank	0.35%	$10,000	21.46	Learn More Add Review
Metro City Bank	0.33%	$1,000	-	Learn More
thedon \| 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 Reviews (1)
Santander Bank, N.A.	0.25%	$501	-	Learn More
Rate History: 2.00% → 0.25%
Maggie \| May 11, 2023 They made mistakes twice and would not correct them Read More Reviews (6)
Shinhan Bank America	0.25%	$10,000	11.98	Learn More
Lori Kroko \| 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 Reviews (1)
Webster Bank, National Association	0.20%	$10,000	17.88	Learn More Add Review
East West Bank	0.15%	$10,000	21.75	Learn More
Bauhinia C \| 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 Reviews (2)
BankUnited, National Association	0.10%	$1,000	-	Learn More Add Review
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 2025

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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Hempstead, New York CD Rates – 2-Year

PRODUCT INFORMATION

Two Year CDs - Branch Banks 2025

The advantages of a two year branch CD are:

The disadvantages of a two year branch CDs are:

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