Reap 2.5% Returns With Best 2-Year CDs
Tennessee Commerce Bank grabbed the top spot in our September rankings of the best 24-month CD rates.
It’s mid-August rate hike to a 2.50% APY makes it the best-paying, nationally-available 24-month certificate of deposit we can find.
As recently as July you could still find at least one bank paying 3% on 2-year CDs. But that’s no longer the case, with the national average for these investments dropping to a near-record low 1.47% APY last week.
The top deals currently available to all savers are:
2.50% APY with a $2,500 minimum deposit from Tennessee Commerce Bank, which has a single location in Franklin.
2.50% APY with a minimum deposit of $50,000 or 2.40% APY with a minimum deposit of $500 for “Silver CDs” from Frontier Bank, which has 50 branches in Washington and Oregon.
2.43% APY with a minimum deposit of $2,500 or 2.48% APY with a minimum deposit of $25,000 from Wedbush Bank, which has one branch in Los Angeles.
2.40% APY with a minimum deposit of $5,000 from OneWest Bank, with 33 branches in Los Angeles area.
Frontier led our August survey with slightly higher returns — 2.70% APY with a $50,000 minimum deposit and 2.60% APY with a $500 minimum deposit.
Click here to compare these deals with the best CD rates from dozens of other banks in our extensive database.
Related Posts:Tennessee Bank Boosts 24-Month CD RatesEarn 2.4% With Wedbush’s 2-Year CDsBest Savings Accounts Pay Over 2% APYWashington Bank Tops 24-Month CD Rates11-Month CD Special Offers 2.78% APY
Citibank FREE $25 Savings Account
Here is a hot deal from Citibank. Sign up for the Ultimate Savings Account (2.50% APY) with $1000 minimum deposit, and they will give you a $25 bonus after 3 months.
This is your bailout money at work, people! Citi stands to drain up to $300bn in bailout funds from the Treasury, FDIC, and Federal Reserve, and yet, here they are giving away free cash!
It is your duty as an American and a taxpayer to take advantage of this deal! They’re paying you with your own money
