South Carolina

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Myrtle Beach, South Carolina CD Rates – 2-Year

You are viewing rates from banks across Myrtle Beach

 

Below are two-year Certificates of Deposit (CD) rates from banks in Myrtle Beach, South Carolina. 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.

Myrtle Beach, SC - December 5, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Rate History: 1.00% → 1.55% → 2.25%

| Nov 17, 2020

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

| Jun 29, 2021

CD rates are not posted on any advertised sites. Contact Anderson Brothers Bank at 800-345-8081 during normal business hours Monday - Friday 8:30 AM - 5:00 PM EST. Read More

| Sep 21, 2021

Best bank in town! Read More

| Jun 29, 2021

CD rates are not posted on any advertised sites. Contact Anderson Brothers Bank at 800-345-8081 during normal business hours Monday - Friday 8:30 AM - 5:00 PM EST. Read More

0.55%

$100,000

19.15

Learn More

0.40%

$10,000

19.15

Learn More

| Mar 5, 2019

Pinnacle has not had a 3% CD since Oct of 2018. Read More

0.30%

$10,000

22.96

Learn More

0.25%

$10,000

5.72

Learn More

| Nov 6, 2020

First Palmetto Bank lacks access to support representatives after hours. If you get locked out of your account just hope it happens during business hours. Read More

| Jun 11, 2015

Synovus no longer offers this rate as of 5/8/2015---I called and asked Read More

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... 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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