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Best 2-Year CD Rates of 2025

Updated
Brooklyn Sprunger
Author: Brooklyn Sprunger
Brooklyn Sprunger
Brooklyn Sprunger

Brooklyn leads the content team behind product reviews and ratings at Motley Fool Money, ensuring readers get well-researched, expert-backed insights to make smarter financial decisions. With nearly seven years working full-time in financial content -- four of them at The Motley Fool -- she has developed a deep passion for personal finance, from investing strategies to everyday money management. Her financial goals include buying a house and planning as many trips as her budget allows. In her free time, you’ll likely find her listening to a pop culture podcast or telling anyone who will listen to get a high-yield savings account.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

If you want to lock in a guaranteed return but don’t want your money tied up forever, a 2-year CD hits the sweet spot. You’ll often earn more than you would with a 1-year CD, and with interest rates likely to drop later in 2025, now’s a great time to grab a solid rate while it’s still on the table.

Just make sure you won’t need that money for the next two years. CDs come with penalties for early withdrawals, and depending on the bank, those fees can eat into your earnings fast. But if you’re good to set it and forget it, locking in now could help you come out ahead.

  • Our team of experts assessed 100+ banking institutions
  • We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
  • Our bank ratings are never influenced by our advertising partners
  • We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Compare our 2-year CD rates

Rates as of May 29, 2025
LendingClub CD

LendingClub CD

Member FDIC.
APY:
3.50%
Term:
2 Year
Min. Deposit:
$500
Open Account for LendingClub CD

On LendingClub's Secure Website.

Quontic CD

Quontic CD

Member FDIC.
APY:
3.35%
Term:
2 Year
Min. Deposit:
$500
Open Account for

On Quontic's Secure Website.

Barclays Online CD

Barclays Online CD

Member FDIC.
APY:
3.00%
Term:
2 Year
Min. Deposit:
$0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Discover® Bank CD

Discover® Bank CD

Member FDIC.
APY:
3.80%
Term:
2 Year
Min. Deposit:
$0
Open Account for

On Discover Bank's Secure Website.

Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.

Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.

Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Why I like these 2-year CDs

LendingClub CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for LendingClub CD
LendingClub CD
Bottom Line

LendingClub CDs don't skimp on interest, offering competitive APYs for all seven of its CD terms, from six months to five years. They're also FDIC insured, ensuring that deposits up to $250,000 are safe and secure.

MINIMUM DEPOSIT $500
Open Account for LendingClub CD

On LendingClub's Secure Website.

6 Mo. APY 10 Mo. APY 1 Yr. APY 14 Mo. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
4.00% 4.00% 3.75% 4.25% 3.50% 3.50% 3.45% 3.40%

Why I like it:
LendingClub CD offers a steady rate and a manageable minimum deposit of $500, making it an approachable option for everyday savers. It’s a great balance of decent yield and commitment length.

Read more about LendingClub CDs.

Quontic CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for Quontic CD
Quontic CD
Bottom Line

Quontic Bank offers CDs with terms ranging from six months to five years. It offers most of the terms one would expect, though it is missing a 4-year CD, so it may not be ideal for those hoping to build a CD ladder. Its rates are competitive, especially on its longer term CDs, and its minimum deposit is more affordable than what you see with some other top banks.

MINIMUM DEPOSIT $500
Open Account for Quontic CD

On Quontic's Secure Website.

6 Mo. APY 1 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
3.75% 3.25% 3.35% 3.25% 3.00%

Why I like it:
Quontic CD gives you a competitive rate with a low minimum deposit ($500), which is ideal if you want to dip your toes into a longer CD term without going all in on a 5-year commitment.

Read more about Quontic CDs.

Barclays Online CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for Barclays Online CD
Barclays Online CD
Bottom Line

Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. Those interested in building longer-term CD ladders will find plenty to like here.

MINIMUM DEPOSIT $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.80% 3.80% 4.00% 3.25% 3.00% 3.00% 3.00% 3.25%

Why I like it:
Barclays Online CD has no minimum deposit ($0), which makes it super beginner-friendly. The rate isn’t the highest out there, but for set-it-and-forget-it savers, it’s a solid pick with a strong brand name behind it.

Read more about Barclays Online CDs.

Discover® Bank CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for Discover® Bank CD
Discover® Bank CD
Bottom Line

Discover offers competitive CD rates, particularly when compared to traditional brick-and-mortar banks. It provides a range of unique term lengths, with CDs available for as short as three months and as long as 10 years. This flexibility makes Discover an excellent choice for individuals looking to secure a rate for either a short-term or an extended period.

MINIMUM DEPOSIT $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 7 Yr. APY 10 Yr. APY
2.00% 3.70% 4.00% 4.00% 3.80% 3.80% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

Why I like it:
Discover® Bank CD combines an excellent APY with a $0 minimum deposit ($0), so you can start saving without needing a large upfront investment. Plus, Discover has a good track record for customer support.

Read more about Discover® Bank CDs.

How to choose a 2-year CD

Here’s how to narrow it down:

  • Your timeline: Are you cool with not touching this money for two years? If there’s any chance you’ll need it, look into a high-yield savings account or shorter CD term.
  • Minimum deposit: Some CDs require just a dollar to get started. Others? Up to $1,000 or more. Make sure the threshold fits your budget.
  • Early withdrawal penalties: Life happens — but pulling your money early could cost you. Some banks penalize a few months of interest, others more. Read the fine print.
  • APY vs. flexibility: A higher rate might mean giving up some flexibility or requiring a larger deposit. Decide what matters most for your goals.

Is now a good time to get a 2-year CD?

If you’ve got cash you won’t need for a while, yes, it’s a smart time to open a 2-year CD. Rates are still high, but with the Fed likely cutting rates later in 2025, today’s yields might not stick around. Locking in now means you’re protected from that dip and can ride out the next two years with a guaranteed return.

But if there’s a chance you’ll need the money sooner, a high-yield savings account might be the better call. It still earns interest and gives you access to your cash whenever you need it. See the best savings rates today.

FAQs

  • It depends on your rate and deposit. Higher rates and bigger deposits mean more interest. Use a CD calculator to see what your specific return would be.

  • Yes, if it’s through an FDIC-insured bank (which all on this page are), your money is protected up to $250,000 per depositor, per bank.

  • You’ll usually get a 10-day grace period to withdraw, renew, or roll your CD into a new term. If you do nothing, the bank may auto-renew it — potentially at a lower rate.