Most online banks offer an online application and money can be transferred to fund the cd via an electronic transfer check wire or credit card.
2 year cd rates.
Right now the best 2 year cd rates are at least 0 70.
We review more than 150 banks and credit unions to find the best rates available nationwide for 2 year cds.
1 000 minimum deposit navy federal credit union.
Online cd rates 2020 2 year cds two year certificates of deposit cd rates from online banks are often above average if you are willing to open and manage your account using the internet.
If you want to grow your money but keep it safe from the turbulence of the stock market a certificate of deposit cd may be a good option.
You may want to try our early withdrawal penalty calculator to compare a 2 year cd rate to the effective apy of a cd with a longer term and higher rate that is broken at the 2 year mark.
Click here to read more about features and tips related to 2 year cds.
Two year cds typically earn a competitive annual percentage yield so they may be a good option for someone saving money for an event or purchase that s two years out like a down payment for a house or maybe a wedding.
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As with most cds the longer you put your money away for the more it will earn but it s worth noting that from 12 months on their cd rates are not drastically different.