Best 2-Year CD Rates in West Virginia, WV

You are viewing rates from banks across West Virginia

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

WV - December 4, 2024

2 Year CD National Average : 0.66% ^?

Banks	APY	MIN	MILES ^?
Seattle Bank	4.05%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 4.75% → 4.75% → 4.40% → 4.30% → 4.05%
Rob H. \| 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 Reviews (2)
Bank of Whittier, National Association	3.87%	$1,000	-	Learn More Add Review
Banesco USA	3.75%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 0.55% → 0.50% → 3.80% → 3.75%
Dkplan \| 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 Reviews (8)
Citizens	3.75%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Capital One, National Association	3.60%	$0	-	Learn More
Rate History: 4.30% → 4.20% → 4.00% → 3.70% → 3.60%
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)
Gateway First Bank	3.35%	$500	-	Learn More
JohnC \| 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 Reviews (3)
Blue Foundry Bank	3.25%	$1,000	-	Learn More Add Review
Rate History: 3.50% → 3.25%
USAA Federal Savings Bank	2.60%	$1,000	-	Learn More
Rate History: 5.00% → 4.40% → 4.00% → 3.85% → 2.60%
RYAN S \| 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 Reviews (2)
Woodforest National Bank	2.25%	$500	-	Learn More
Rate History: 1.00% → 1.55% → 2.25%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Citibank, National Association	2.00%	$0	-	Learn More
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)
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)
Fifth Third Bank, National Association	2.00% 0.01%	$5,000 $500	-	Learn More
Rate History: 5.00% → 4.00% → 3.50% → 2.00%
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)
United Bank	1.80%	$500	-	Learn More
Jimleestro \| Apr 12, 2019 United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More Reviews (1)
Hingham Institution for Savings	1.75%	$1,000	-	Learn More Add Review
Putnam County Bank	1.25%	$1,000	-	Learn More
Skamer187 \| Mar 19, 2021 This rate is not true call it is only 0.40 lady she would have it changed a week ago Read More Reviews (1)
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)
BCBank, Inc.	1.00%	$10,000	-	Learn More Add Review
The Harrison County Bank	0.90%	$100,000	-	Learn More Add Review
FNB Bank, Inc.	0.90%	$10,000	-	Learn More Add Review
The Bank of Romney	0.85%	$10,000	-	Learn More Add Review
The Harrison County Bank	0.80%	$1,000	-	Learn More Add Review
Williamstown Bank, Inc.	0.75%	$500	-	Learn More
HugoZH \| Mar 20, 2023 Would not trust their business services department. Read More Reviews (1)
New Peoples Bank, Inc.	0.75%	$10,000	-	Learn More Add Review
First Exchange Bank	0.65%	$10,000	-	Learn More Add Review
Calhoun County Bank, Inc.	0.65%	$10,000	-	Learn More Add Review
Bank of Mingo	0.65%	$10,000	-	Learn More Add Review
Bank of Charles Town	0.60%	$10,000	-	Learn More Add Review
Whitesville State Bank	0.60%	$10,000	-	Learn More Add Review
The Citizens Bank of Weston	0.60%	$10,000	-	Learn More Add Review
Mountain Valley Bank, N.A.	0.55%	$100,000	-	Learn More Add Review
MCNB Bank and Trust Co.	0.55%	$10,000	-	Learn More
PISSED PARENT \| Jun 5, 2020 MCNB BANK IS NOT A CUSTOMER FRIENDLY BANK AND DOES NOT CARE ABOUT ITS CUSTOMERS. THIER ATM'S ARE PIECES OF JUNK THAT MAY OR MAY NOT GIVE YOU YOUR MONEY AND WHEN IT DOESN'T GIVE YOU YOUR MONEY YOU ARE JUST ... Read More Reviews (1)
The Huntington National Bank	0.50%	$1,000	-	Learn More
Allan \| Mar 18, 2021 I called Huntington yesterday and the branch manager told me that the rate listed on Best Cash Cow doesn't exist......... Read More Reviews (1)
First National Bank of Pennsylvania	0.50%	$10,000	-	Learn More
Mark \| Apr 21, 2020 Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself. Read More Reviews (1)
Freedom Bank, Inc.	0.50%	$10,000	-	Learn More Add Review
Miners & Merchants Bank	0.50%	$100,000	-	Learn More Add Review
The Poca Valley Bank, Inc.	0.50%	$100,000	-	Learn More Add Review
Citizens Bank of Morgantown, Inc.	0.45%	$100,000	-	Learn More Add Review
West Union Bank	0.45%	$10,000	-	Learn More Add Review
Capon Valley Bank	0.45%	$10,000	-	Learn More Add Review
The Grant County Bank	0.45%	$10,000	-	Learn More Add Review
Pendleton Community Bank, Inc.	0.45%	$10,000	-	Learn More Add Review
Mountain Valley Bank, N.A.	0.45%	$10,000	-	Learn More Add Review
The Pleasants County Bank	0.45%	$10,000	-	Learn More Add Review
Davis Trust Company	0.45%	$10,000	-	Learn More Add Review
Huntington Federal Savings Bank	0.45%	$500	-	Learn More
Jeffreylynnstrother \| Jan 25, 2017 Local bank Read More Reviews (2)
Pioneer Community Bank, Inc.	0.45%	$10,000	-	Learn More
WV guy \| Jun 18, 2020 Best local savings rate. Good friendly service. Read More Reviews (1)
Clear Mountain Bank	0.40%	$500	-	Learn More Add Review
WesBanco Bank, Inc.	0.40%	$10,000	-	Learn More Add Review
Hancock County Savings Bank, F.S.B.	0.40%	$10,000	-	Learn More Add Review
First Mutual Bank, FSB	0.40%	$10,000	-	Learn More Add Review
Union Bank, Inc.	0.40%	$100,000	-	Learn More Add Review
The Poca Valley Bank, Inc.	0.40%	$10,000	-	Learn More Add Review
MVB Bank, Inc	0.40%	$10,000	-	Learn More Add Review
The First National Bank of Williamson	0.40%	$100,000	-	Learn More Add Review
The First National Bank of Peterstown	0.40%	$10,000	-	Learn More Add Review
CNB Bank, Inc.	0.35%	$500	-	Learn More Add Review
Citizens Bank of Morgantown, Inc.	0.35%	$10,000	-	Learn More Add Review
The Ohio Valley Bank Company	0.35%	$10,000	-	Learn More Add Review
Clay County Bank, Inc.	0.35%	$1,000	-	Learn More Add Review
Community Bank	0.30%	$10,000	-	Learn More Add Review
First United Bank & Trust	0.30%	$10,000	-	Learn More Add Review
Union Bank, Inc.	0.30%	$10,000	-	Learn More Add Review
Miners & Merchants Bank	0.30%	$10,000	-	Learn More Add Review
Jefferson Security Bank	0.30%	$10,000	-	Learn More Add Review
Community Bank of Parkersburg	0.30%	$10,000	-	Learn More Add Review
First Neighborhood Bank	0.30%	$10,000	-	Learn More Add Review
The Farmers Bank and Savings Company	0.30%	$10,000	-	Learn More Add Review
The Bank of Monroe	0.30%	$10,000	-	Learn More Add Review
The First National Bank of Williamson	0.30%	$10,000	-	Learn More Add Review
MVB Bank, Inc	0.25%	$10,000	-	Learn More Add Review
Logan Bank & Trust Company	0.25%	$10,000	-	Learn More Add Review
Citizens Bank of West Virginia, Inc.	0.15%	$10,000	-	Learn More Add Review
First Community Bank	0.14%	$10,000	-	Learn More Add Review
Peoples Bank	0.10%	$10,000	-	Learn More
dionpayne \| Jun 28, 2017 showmethreethousanddollars Read More Reviews (1)
KeyBank National Association	0.05%	$2,500	-	Learn More
Rate History: 0.01% → 0.05%
Seeko \| 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 Reviews (2)
First-Citizens Bank & Trust Company	0.05%	$500	-	Learn More
MrBond \| 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 Reviews (3)
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| 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 Reviews (2)
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| 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 Reviews (1)
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 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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West Virginia CD Rates – 2-Year

PRODUCT INFORMATION

Two Year CDs - Branch Banks 2024

The advantages of a two year branch CD are:

The disadvantages of a two year branch CDs are:

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