Best 24-Month CD Rates - September 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 Freedom Credit UnionFreedom Credit Union815 N Freedom Blvd, Provo, UT 84604 3315A+5.0 ★Texas Ratio: 1.61%Real return: +2.20%APY minus CPI (February 2026) offering Youth 24 Month Term Share Certificate at 5.00% APY, and Cornerstone Community Federal Credit UnionCornerstone Community Federal Credit Union55 Stevens St, Lockport, NY 14094 4229A5.0 ★Texas Ratio: 11.75%Real return: +2.20%APY minus CPI (February 2026) offering 2 Year Youth Share Certificate at 5.00% APY, and Dakota Community Bank & TrustDakota Community Bank & Trust2284 3rd St W, Dickinson, ND 58601A+5.0 ★Texas Ratio: 0.58%Real return: +2.00%APY minus CPI (February 2026) offering 24 MONTH CD at 4.80% APY, and American Baptist Association Credit UnionAmerican Baptist Association Credit Union21103 Chenango Lake Dr, Angleton, TX 77515A+5.0 ★Texas Ratio: 0.87%Real return: +1.95%APY minus CPI (February 2026) offering 24 Month Share Certificate at 4.75% APY. CD rates as of September 21, 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: September 21, 2026
Compare the Best 24-Month CD Rates Nationwide
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Balance Range: $50 - $5,000
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Balance: $100,000 +
Regular IRA And Roth IRA
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Purchased through Raymond James brokerage account: $2,000; Not purchased through Raymond James brokerage account: $1,000
Balance: Under $100,000
Treasury Indexed CD; variable yield account with no cap
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Checking Relationship APY
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Earn Loyalty Rates when you renew your CD
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Maximum opening deposit amount of $500,000.00. Fees could reduce earnings on account. A penalty may be imposed for early withdrawal. At the end of the initial term, CDs will automatically review at the then-offered rate.
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Featured: Market-leading CD rates
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CD and IRA rates effective 01/25/2024. Interest is compounded daily and there is a penalty for early withdrawal. Fees can reduce the earnings on any of the above accounts.
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The Annual Percentage Yield (APY) is accurate as of 09/10/2026. APY assumes interest remains on deposit until maturity date. 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.
Balance: $2,500
Balance: $100,000 and above
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Fixed
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Interest paid quarterly via ACH to any account designated by the customer institution; Withdrawal before maturity is not permitted; BBW can arrange for the safekeeping of the instrument upon request
Term: 24 months (Limited Time Special); Penalty for Early Withdrawal
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Fixed APY | No minimum balance
Minimum balance $100,000
VIP Yield
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Open account in person; See details.
IRA Interest Rates (Individual Retirement Accounts - Traditional and Roth)
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up to $10,000; Tru Traditional/Roth IRA Accounts
Balance: $225,000.00 and above
In-Branch
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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.
Interest paid quarterly
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Interest Compounded & Credited: Quarterly
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Rates are as of September 1, 2026 and are subject to change. A penalty may be imposed for early withdrawal.
Early Withdrawal Penalties Apply
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Balance: $500.00
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Interest Compounded Daily | Posted Monthly
Renews to 30 mo
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Balance: $100,000.00 and over
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Balance: $75,000.00 and up
Compounded: Quarterly; Credited: Quarterly
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Balance Requirement: $75,000+
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We do not open CDs for other financial institutions or for deposit brokers.
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Summer CD Specials. Minimum balance for all Certificates and IRA Certificates is $500.
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Balance: $500 - $499.99
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Dividends Compound & Paid: Daily
Balance: $100,000 & over
MIN BALANCE - $99,999.99
Dividends Compounded: Quarterly; Dividends Credited: Quarterly; Dividend Period: Account's Term; Rate Type: Fixed
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For all certificates unless otherwise noted: penalty for early withdrawal. Minimum deposit of $500 required to open certificate & earn dividends. Rate is accurate as today's dividend declaration. Fees may reduce earnings on the account. Rate = dividend rate.
Promotion is for a limited time on a 2-year share certificate (Consumer and Business) with a $100,000 minimum deposit.
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Interest Paid: Quarterly
$100,000.00
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Balance: $100,000
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Balance: $250,000
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Interest Will Be Credited: Monthly; Opening Balance: $10,000 or above
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Rate Type: Variable; Index: T-Bill + 0.25%
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With .50% Bonus**; Balance: $100,000.00 or more
Balance: $100,000 or more
Balance: $25,000 & Over
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Dividends Compounded & Credited: Quarterly; Dividend Period: Quarterly
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Balance: $1,000
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A penalty will or may be imposed for early withdrawal. Fees could reduce earnings on account.
$500+
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Balance: $100,000 and higher; Interest Credited: Quarterly
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Substantial penalty for early withdrawals.
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Semi-Annually
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Balance: $100 Min/$100,000 Max
Early Withdrawal Penalty: 3 month interest
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Dividends are compounded and credited monthly. Fees could reduce earnings on the account. Certificate early withdrawal penalties may apply. Please refer to Truth in Savings Disclosure for details.
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Certificate accounts have a 1% penalty for early withdrawal and have 10 days after the CD renews before a penalty.
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Balance: $100,000 +
Rate: Prime minus 3.00%; New money only. Fees may reduce earnings. Rates are subject to change. IRA accounts are not eligible.
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Balance: $35,000+
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Offered Rates and Annual Percentage Yields (APYs) are subject to change without notice and may not be available past the effective date of 8/20/2026. Upon opening, the rate and APY are fixed for the term outlined and subject to change upon renewal. Penalty may be imposed for early withdrawal.
Payment of Interest: Monthly or Quarterly
Monthly Paid
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Limited Time Only; Semi Annual
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Balance: $200,000.00 +
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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 6,097 24-month CD rates from 2,985 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: Freedom Credit Union offers a 24-month CD at 5.00% APY with a minimum deposit of $500. 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 fell 0.002 points over the past 7 days to 2.841% APY, down from 2.843% 7 days ago.
24-month CD Rate Forecast — Next 12 Months
Where are 24-month CD rates headed through September 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.
