Best 24-Month CD Rates - July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Finance Calculators
Top 24-month CD rates currently available include Artesia Credit UnionArtesia Credit Union210 N 5th St, Artesia, NM 88210 2000A+5.0 ★Texas Ratio: 2.45%Real return: +1.78%APY minus CPI (February 2026) offering IRA Certificates 24 Month at 4.58% APY, and Tower Federal Credit UnionTower Federal Credit Union7901 Sandy Spring Rd, Laurel, MD 20707A+5.0 ★Texas Ratio: 1.30%Real return: +1.65%APY minus CPI (February 2026) offering 2 year at 4.45% APY, and Generations United Federal Credit UnionGenerations United Federal Credit Union420 Lexington Ave Rm 850, New York, NY 10170 0033A+5.0 ★Texas Ratio: 0.06%Real return: +1.54%APY minus CPI (February 2026) offering 24-month at 4.34% APY, and Texas Bay Credit UnionTexas Bay Credit Union12611 Fuqua St, Houston, TX 77034A5.0 ★Texas Ratio: 7.72%Real return: +1.53%APY minus CPI (February 2026) offering Callable CD 24 Months at 4.33% APY. CD rates as of July 11, 2026 according to verified data from MonitorBankRates.
A 2-year CD is a popular choice for savers who want to lock in a competitive rate while keeping their investment horizon manageable. It often offers a meaningful yield advantage over shorter-term options without the extended commitment of a 3- or 5-year CD. We display Safety Grades, Star Ratings, and Texas Ratios so you can choose institutions with confidence.
The APYs displayed reflect actual verified offers. Rates are subject to change at the institution’s discretion without notice. A substantial penalty may be imposed for early withdrawal. 24-Month CD Rates Last Updated and Verified: July 11, 2026
Compare the Best 24-Month CD Rates Nationwide
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Penalty for early withdrawal
On the above accounts, dividends are compounded and credited quarterly. Dividends are computed based on average daily balance. A penalty may be imposed for early withdrawal. Service charges may reduce earnings.
Checking Relationship APY: 4.50%
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Rates are as of July 1, 2026 and are subject to change. A penalty may be imposed for early withdrawal.
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Variable yield account with no cap.
Variable Rate
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Open account in person; See details.
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Dividend Rate: 3.30% for $500-$99,999; APY: 3.35% for $500-$99,999; Dividend Rate: 3.35% for $100,000-$249,999; APY: 3.40% for $100,000-$249,999; Dividend Rate: 3.80% for $250,000-$999,999; APY: 3.87% for $250,000-$999,999; Dividend Rate: 4.05% for $1M+; APY: 4.13% for $1M+
Interest Credited: Monthly
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Loyalty Rate: 4.02%, Loyalty APY: 4.10%
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Preferred Rate with any checking account
APR = Annual Percentage Rate. APY = Annual Percentage Yield
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Balance: $100,000 and over
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APY assumes interest remains on deposit until maturity date. A minimum deposit of $1,000 is required to open the CD. Penalty for early withdrawal may reduce earnings. Fees may reduce earnings. Rates are subject to change at any time and are not guaranteed until the account is opened.
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Limited time offer. This offer is subject to change without notice. Consumer and commercial deposits only, no brokered funds. Interest compounded daily. Subject to terms and conditions. Early withdrawal penalties may apply.
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Our high-rate 4.00% APY*** 12-Month & 24-Month CDs are built for peace of mind. No hoops to jump through - just reliable growth and easy online opening!
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Automatic Renewal
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Fixed rate. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time.
Rewards+ Loyalty Program; Non-Rewards+ Loyalty Program Dividend Rate2: 2.81%; Non-Rewards+ Loyalty Program APY1: 2.85%
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No New Money Requirements
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Open online or at any CapFed� branch.
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Payment of Interest: Monthly or Quarterly
In-Branch
Interest Compounded: Quarterly; Interest Credited: Quarterly
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Bump one time
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With .25% Bonus**
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Treasury Rates**: 4.17%
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Special CD rate. Limited time offer.
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Exclusively for Premier clients. Minimum deposit of $1,000 is required. Fixed interest rate until maturity. Auto-renewal into another New Money CD of the same term, at the interest rate and APY in effect at maturity. The Annual Percentage Yields (APYs) and balances for CD accounts are accurate as of 7/8/2026 and apply for the initial term only.
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Penalties for early withdrawals may apply. Fees may reduce earnings on the account.
APY is effective as of 7/1/2026 and subject to change at any time without notice. Early withdrawal penalties may apply. Fees may reduce earnings. The minimum balance to open and earn APY is the lowest amount in each tier.
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Variable rates and subject to change.
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High-Yield Rewards Checking Account required
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$100,000
Rates accurate as of June 1, 2026 and subject to change. Click here to view CD Disclosures.
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$500
(a), (c)
Valid Thru: 06/28/2026
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EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Rate applicable to new money only. Fees may reduce earnings. Rates are subject to change. IRA accounts are not eligible. Current Prime Rate 6.75% as of 12/11/2025
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JUMBO
Dividends Compounded & Credited Quarterly
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Interest Paid: Quarterly; Auto Renew: Yes
Fixed rate; Compounded Quarterly
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Jumbo Rate: 4.00% APY: 4.04%
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Penalty for early withdrawal: 6 Months Dividends
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Early Withdrawal Penalty: 6 Months Interest
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Open Online
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Online-only high-yield rates. The costs we save by operating exclusively online, we pass along to our clients.
Minimum Deposit $500+
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Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Tracked Nationwide
About Our 24-month CD Rate Database
MonitorBankRates tracks 2,765 24-month CD rates from 1,606 institutions across the United States. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Artesia Credit Union offers a 24-month CD at 4.58% APY with a minimum deposit of $0. Use the rate table above to compare all current offers.
24-Month CD Rate Trend
Daily national average APY for 24-month CDs
Daily averages compiled from our database of 8,500+ banks and credit unions — updated daily.
National 24-month CD rates rose 0.035 points over the past 7 days to 2.695% APY, up from 2.661% 7 days ago.
24-month CD Rate Forecast — Next 12 Months
Where are 24-month CD rates headed through July 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
CD Calculators
Enter any deposit amount to see exactly how much interest you earn at the end of your 24-month term at today’s top APY.
CD Ladder with 24 months RungAdd a 24-month rung to your ladder for a 2-year yield premium. Model how this mid-range term pairs with 12-month CDs to balance access and earnings.
Early Withdrawal Penalty24-month CDs typically carry a 180–365 days interest penalty for early access. Calculate your actual net return if you need funds before maturity.
24-month CD vs. High-Yield Savings2-year CD rates can significantly outpace savings accounts. Compare both to determine if locking funds for 24 months is worth the yield premium over a variable-rate account.
How to Find the Best 24-month CD Rates
What to compare when shopping for a 24-month CD
To find the best APYs on a 24-month CD, start with credit unions and online-only banks — they consistently offer the highest yields because they have lower overhead than traditional brick-and-mortar banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn. A CD advertised at 4.75% interest compounding monthly is worth more than one at 4.80% compounding annually.
Also compare the early withdrawal penalty. On a 24-month CD, common penalties range from 30 to 90 days of interest. If you’re unsure whether you’ll need the funds early, a penalty-free no-penalty CD or a high-yield savings account may be a better fit.
When a 24-month CD Makes Sense
- You have a planned purchase or expense in ~24 months and want to earn while you wait
- You expect interest rates to fall and want to lock in today’s rate short-term
- You want to secure a higher rate than a 1-year CD offers for a 2-year savings goal
- You want FDIC/NCUA protection with a guaranteed fixed return
Consider an Alternative If…
- You may need funds before 3 months → High-yield savings
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing or debit access → Money market account
24-month CD vs. Other Savings Options
| Feature | 24-month CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked 24 months | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (30–90 days interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known near-term goal, CD ladder start | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
24-Month CD FAQs
What is a 24-Month (2-Year) Certificate of Deposit?
Are 2-year CD rates higher than 1-year CD rates?
Is my money safe in a 24-month CD?
What happens if I withdraw money from a 2-year CD early?
What is APY and how does it differ from the interest rate?
How does a 2-year CD fit into a CD ladder strategy?
How can I use a 24-month CD in a CD ladder?
Is a 24-month CD better than a 12-month CD right now?
Methodology & Data Sources
Direct-Sourced & Verified CD Rate Data: We aggregate 24-month CD rates nationwide directly from the official websites of banks and credit unions using our proprietary rate aggregation technology. By pulling data straight from the institutions’ own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available 2-year CD yields across the country. We feature a comprehensive mix of financial institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly based on Federal Reserve policy and market conditions, every CD product listed features its own specific “last updated” date for full transparency.
Proprietary Institution Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you deposit with secure, reliable institutions.
