Oklahoma

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Broken Arrow, Oklahoma CD Rates – 2-Year

You are viewing rates from banks across Broken Arrow

 

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

Broken Arrow, OK - September 13, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Rate History: 4.63% → 4.30%

| Oct 13, 2020

Been banking with RCB for 20 years now after today this will probably be my last year I was in a car wreck and my car was a total loss insurance set me a check. When up to the bank to try to catch it so I ... Read More

Rate History: 3.00% → 2.50%

| Jan 2, 2023

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

Rate History: 3.05% → 1.55%

| May 29, 2020

Dua Read More

| 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

0.90%

$100,000

9.53

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0.85%

$10,000

9.53

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0.77%

$10,000

4.47

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| Nov 7, 2018

now pays 1.46% Read More

0.75%

$10,000

7.15

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0.75%

$10,000

19.89

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0.75%

$100,000

5.50

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| Aug 25, 2022

My family and I have used American Heritage Bank for years, I have had auto loans with them always paid them off, I have one right now, however during this pandemic I got behind a little I got caught up, b... Read More

0.70%

$10,000

10.46

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| Jun 27, 2022

It took 4 times contacting this back to get a simple stop payment done. It end up costing over $100 because of their inability to take care of it after the first contact. Read More

0.70%

$10,000

15.57

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| Feb 17, 2022

Worst bank ever. Buying everyone and screwing them up. Read More

0.65%

$1,000

10.64

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0.65%

$100,000

18.28

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0.60%

$10,000

9.48

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0.60%

$10,000

23.36

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0.60%

$1,000

5.50

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| Apr 22, 2022

I am considering finding another bank to do business with Read More

0.50%

$10,000

11.07

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0.50%

$10,000

7.21

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0.50%

$10,000

12.81

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| Apr 22, 2022

I am considering finding another bank to do business with Read More

0.50%

$100,000

10.81

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| Dec 1, 2022

I have banked at First Fidelity since 1991 I think. Their banking staff has always been so helpful. I had a person years ago take one of my blank check and cashed it for 250.00. I caught it right away ... Read More

| Dec 1, 2022

I have banked at First Fidelity since 1991 I think. Their banking staff has always been so helpful. I had a person years ago take one of my blank check and cashed it for 250.00. I caught it right away ... Read More

0.45%

$100,000

5.17

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0.40%

$250

9.45

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0.40%

$10,000

9.56

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0.40%

$100,000

9.97

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0.40%

$10,000

10.81

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| Feb 17, 2022

Worst bank ever. Buying everyone and screwing them up. Read More

0.40%

$10,000

17.04

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0.35%

$10,000

18.28

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0.35%

$10,000

9.97

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0.35%

$10,000

5.17

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| Jun 17, 2022

Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time. Read More

| Jun 1, 2020

UMB does not honor the rate posted here! Read More

| Dec 1, 2021

I have been with bancfirst and love the inperson bank employees. However, online service is more then terrible, it is negligent. I attended an event that encluded troubled kids. On my way home, I stop t... Read More

0.20%

$10,000

16.34

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0.20%

$10,000

5.58

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| Dec 1, 2021

I have been with bancfirst and love the inperson bank employees. However, online service is more then terrible, it is negligent. I attended an event that encluded troubled kids. On my way home, I stop t... Read More

0.15%

$10,000

12.81

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| Dec 1, 2021

I have been with bancfirst and love the inperson bank employees. However, online service is more then terrible, it is negligent. I attended an event that encluded troubled kids. On my way home, I stop t... 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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