If you’re looking for a great rate on a 2-year certificate of deposit, you sometimes have to look off the beaten path – or even outside of your geographical area. But because it’s so easy today to conduct transactions over the Internet, you have the luxury of comparing yields from financial institutions of all stripes that are located anywhere in the country.
With that in mind, here are the top 4 rates for 2-year CDs this week:
4) 1.76% annual percentage yield from Melrose Credit Union in Queens, New York. You need a $5,000 minimum deposit, but the credit union is open to any U.S. resident for just a dollar.
3)1.78% APY from NewDominion Bank in Charlotte or Mooresville, North Carolina. A $3,000 minimum deposit is required.
2) 1.79% APY from Bank of Internet, which is a San Diego-based online bank. You only need a $1,000 deposit to get this rate.
And 1) 1.8% APY from… Discover Bank! That’s right - the credit card company’s online bank sits at the top of the list this week. A minimum deposit of $2,500 is needed to qualify for this rate.


Kevin Fleming founded the CreditShout Network in 2008 to help people manage their credit and finances. Kevin wants to make it easy for anyone, regardless of their level of financial knowledge to understand banking and what may seem like the complex world of personal finance.

