Average 2 Year CD Rates at 0.91%: Highest 2 Year CD Rates at 1.25%

The current national average 2 year CD rate is at 0.91 percent in Bankrate's survey. The FDIC's national average 3 year CD rate is half of Bankrate's at 0.45 percent. Thankfully there are CD rates higher than the averages.

The highest CD rates on our 2 year rate list are higher are at 1.24 percent with an annual percentage yield (APY) of 1.25 percent. Two banks are offering this rate and yield. CIT Bank CD rates and Astoria Federal Savings Bank CD rates on 2 year certificates of deposit are both at 1.24 percent with an APY of 1.25 percent.

AbleBanking, a division of Northeast Bank is also offering 24 month CD rates well above the national average rate. Current 2 year bank CD rates are at 1.19 percent with an APY of 1.20 percent.

Best CD Rates on 2 Year CDs

• CIT Bank CD Rates 1.24% APY 1.25%
• Astoria Federal Savings Bank CD Rates 1.24% APY 1.25%
• AbleBanking CD Rates 1.19% APY 1.20%
• Metropolitan National Bank CD Rates 1.16% APY 1.16%
• Barclays Bank CD Rates 1.14% APY 1.15%
• Doral Bank CD Interest Rates 1.14% APY 1.15%
• Discover Bank CD Rates 1.14% APY 1.15%
• Ally Bank CD Rates 1.13% APY 1.14%
• AloStar Bank of Commerce CD Rate 1.10% APY 1.15%

As you can see there are many different CD rates at banks on our rate list well above the national average rates. You can search for many different types of CD terms on our list of find the best CD rates available.

Right now on our 1 year bank CD rates list CIT Bank also has the top spot. Current 1 year CD rates at CIT Bank are at 1.09 percent with an APY of 1.10 percent. Well above Bankrate's national average of 0.71 percent.