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13 best 2-year CD rates right now
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When it comes to earning more interest on the money in your savings, there are no shortages of options right now. Not only do high-yield savings accounts offer interest rates that are significantly higher than they were just a few years ago, but so do lots of other interest-bearing account options, like money market accounts and certificates of deposit (CDs). In fact, it’s easy to find high-yield savings accounts and CDs offering rates that are well above 5% currently. But while you have lots of options for earning interest on your money, not all of the options are a good fit for every saver.
For example, high-yield savings accounts may offer some of the top rates available today, but those rates are variable, meaning that they can change when the overall rate environment changes. And, given all of the unknowns with the current economy — like inflation, which ticked back up unexpectedly in December — it’s likely there will be changes at some point in the near future. That could be favorable for savers if rates increase, but if rates fall, you’ll earn less with this type of account.
That isn’t the case with CDs, though. When you open a CD, you agree to keep your money in the account for the full CD term in exchange for a fixed rate, so future rate changes won’t impact your earnings during that term. But not every saver is ready to commit to a long-term CD — which is where 2-year CDs come in. These types of CDs offer high rates and a term that may be more favorable compared to a 5-year or 10-year CD. If you’re going to open a 2-year CD, though, it’s important to make sure you get the best rate possible on your money.
Find out the top CD rates available to you here.
13 best 2-year CD rates right now
If you’re looking for a CD that offers a longer term but aren’t ready to commit to leaving your money in the account for several years, the following 2-year CDs could be worth considering:
- Dover FCU 2-year CD — 5.39% APY: The minimum opening deposit amount on this CD is $500; the early withdrawal penalty is equal to 180 days of interest
- Digital FCU 23-month CD — 5.39% APY: Note: This CD is technically a 23-month CD, not a 24-month CD. The minimum opening deposit amount on this CD is $25,000; the early withdrawal penalty is equal to 90 days of interest
- Amboy Direct 2-year CD — 5.38% APY: The minimum opening deposit amount on this CD is $25,000; the early withdrawal penalty is equal to 180 days of interest
- Pelican State Credit Union 2-year CD — 5.27% APY: The minimum opening deposit amount on this CD is $10,000; the early withdrawal penalty is equal to nine months of interest
- Monesty 2-year CD — 5.27% APY: The minimum opening deposit amount on this CD is $500; an early withdrawal penalty may apply for accessing funds in this account prior to maturity
- Signature Federal Credit Union 2-year CD — 5.25% APY: The minimum opening deposit amount on this CD is $500; the early withdrawal penalty is equal to 12 months of interest
- Magnifi Financial 23-month CD — 5.25% APY: Note: This CD is technically a 23-month CD, not a 24-month CD. The minimum opening deposit amount on this CD is $2,500; the early withdrawal penalty is equal to 180 days of dividends
- Library of Congress FCU 2-year CD — 5.25% APY: The minimum opening deposit amount on this CD is $500; the early withdrawal penalty is equal to 180 days of interest
- Xcel FCU 2-year CD — 5.25% APY: The minimum opening deposit amount on this CD is $500; the early withdrawal penalty is equal to 180 days of interest
- Department of Commerce FCU 23-month CD — 5.24% APY: The minimum opening deposit amount on this CD is $500; the early withdrawal penalty is equal to 180 days of interest
- Lafayette FCU 2-year CD — 5.20% APY: The minimum opening deposit amount on this CD is $500; the early withdrawal penalty is equal to 270 days of interest
- United States Senate FCU 2-year CD — 5.18% APY: The minimum opening deposit amount on this CD is $1,000; the early withdrawal penalty is equal to 120 days of interest
- Credit Human 23-month CD – 5.10% APY: Note: This CD is technically a 23-month CD, not a 24-month CD. The minimum opening deposit amount on this CD is $500; an early withdrawal penalty may apply for accessing funds in this account prior to maturity
Explore today’s best CD options online here.
The bottom line
You have lots of options for maximizing the returns on your savings — but 2-year CDs are one of the top options worth considering right now. There are lots of benefits to locking in a top CD rate right now, and when 2-year CDs are offering the types of rates you can get right now, it’s easy to rake in the high returns without much effort. As with any type of financial account, though, just make sure to find the one that works best for your needs and goals. Otherwise, you could be facing some hefty early withdrawal fees — and that would have a big impact on your overall earnings potential.
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Long before comic book characters dominated movie screens, actor Christopher Reeve made the world believes in superheroes with the 1978 classic “Superman.”
Reeve died in 2004, nearly a decade after an accident re-shaped his life. “Super/Man: The Christopher Reeve Story” is using interviews with family and friends and never-before-seen home videos to explore his real-life heroism.
Reeve started his career on the stage, studying at the prestigious Juilliard School and living with comedian Robin Williams. The pair had a friendship that was “more like a brotherhood,” said Reeve’s son Matthew. Reeve was in awe of Williams’ energy and versatility, Matthew Reeve said, but audiences quickly clued into Reeve’s own star power when he took on the role of the Man of Steel.
Warner Bros. Pictures / Getty Images
To his children, though, he “was just dad,” Matthew Reeve said. The documentary explores how Matthew Reeve and his sister Alexandra Reeve Givens grew up watching their dad take the stage as Superman. “Super/Man” also reveals their heartbreak over their parents’ breakup and the joy they found when Reeve re-married. He tied the knot with Dana Reeve in 1992, and the pair welcomed another child, William Reeve, later that year.
“Dana was sunshine,” Alexandra Reeve Givens recalled. “She just brought joy with her wherever she was and could find it even in the darkest moments.”
Those dark moments came suddenly, when in 1995, a near-fatal horseback riding accident left Reeve paralyzed from the neck down. The documentary allows viewers to see, for the first time, what went on out of the public’s view. Reeve can be heard talking about how he “ruined (his) life and everybody else’s,” but in a touching moment, old friend Robin Williams is seen visiting him in the hospital.
“Robin showed him ‘Hey, you’re still you,'” Alexandra Reeve Givens said. “‘You still have this foundation of friendship and people around you, who adore you. And you’re going to find those fun moments in life again.'”
That support from friends and family re-ignited Reeve’s legacy of activism. He made appearances at the Democratic National Convention and the 68th Academy Awards in 1996, about a year after the accident. Matthew Reeve said watching his father address his industry peers at the Oscars was “one of (his) most proud moments.”
“It was just a production for him to get out of bed every morning, let alone get across the country and go out in public for the first time,” Matthew Reeve said. “It was a big deal. It was a big deal to him, but it was also a big deal to the entire disability community. We stayed up in London till like three in the morning to watch that live. It’s a fond memory.”
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Reeve also went on to launch what would become the Christopher and Dana Reeve Foundation, which is dedicated to advancing research into spiral cord injury and help individuals and families impacted by paralysis. It was his dad’s mission to find a cure, Matthew Reeve said, while his stepmother wanted to focus on improving the lives of paralyzed people and their families. The foundation and Reeve’s platform helped bring unprecedented attention and funding to spinal cord injury research.
Reeve even kept acting and realized his lifelong dream of directing with the 1997 HBO movie “In the Gloaming.” Reeve died in 2004 from heart failure at 52.
“There is a huge amount of great actors and actresses out there, where their filmography might be amazing and what they achieve on a cultural level might be amazing, but have they actually achieved anything really as a human that moves the needle for our society?” said filmmaker Ian Bonhote, who made the documentary with Peter Ettedgui. “And Chris has done both things.”
“Super/Man: The Christopher Reeve Story” will open in theaters on Friday, Oct. 11.
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