Best 24-month CD rates for May 2026

Today’s Best 24-Month CD Rates

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Best 24-month CD Rates :

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Looking for the best 24-month CD rate available today? Use our updated comparison tool to review top APYs, terms, and institutions and choose the certificate of deposit that matches your savings goals.
Rate Methodology
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APYs shown below are accurate as of May 20, 2026 and are updated daily. We review offers from banks and credit unions across the U.S. to highlight the highest rates available for a 24-month CDs. All institutions listed are FDIC- or NCUA insured.
Current 24-month CD Trends
% APY*
CD Valet Partner Average
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National Average
FINANCIAL INSTITUTIONS 
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APY Info
Annual Percentage Yield (APY) for certificates of deposits are from the latest rate surveys which are updated as often as daily. Rates are based on publicly available data for CD products. Additional restrictions and requirements may apply. The APY assumes interest remains on deposit until maturity. Early withdrawal penalty may be imposed if funds are withdrawn prior to maturity. Fees and penalties may reduce earnings. The APY for variable CD Rates may change after the account is opened.
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Frequently Asked Questions
Who has the highest 24-month CD ?
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The bank or credit union with the highest 24-month CD rate can change often because rates are updated regularly. The best way to find the current highest 24-month CD rate is to check our live rate table below, which is updated daily with the top offers nationwide.
What is a 24-month CD ?
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A 24-month CD, or certificate of deposit, is a savings product that requires you to keep funds on deposit for two years in exchange for a guaranteed interest rate. Because the rate is fixed for the full term, 24-month CDs often offer higher yields than standard savings accounts, making them a popular choice for those seeking safe, predictable returns. They are insured by the FDIC or NCUA up to legal limits, adding an extra layer of security.
How does a 24-month CD work ?
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A 24-month CD, or certificate of deposit, works by requiring you to deposit money for a fixed 2-year period in exchange for a guaranteed interest rate. Unlike savings accounts, the rate does not change during the term, providing predictable earnings. Your funds are likely FDIC- or NCUA-insured up to $250,000 per depositor, per institution. While you can withdraw early, most 24-month CDs carry penalties that may reduce your earnings, so they work best for savers who can commit funds for the full term.
How do 24-month CD rates compare to shorter-term CDs ?
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Generally, 24-month CD rates are higher than shorter-term CDs, like 6- or 12-month terms. Longer commitments allow banks to offer better APYs. However, exact comparisons depend on the rate environment, which is why many savers check the best 24-month CD rates before locking in.
How much interest can I earn on a 24-month CD ?
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The interest you earn on a 24-month CD depends on the deposit amount and the APY. Since rates vary by institution, comparing the best 24-month CD rates will help you maximize returns. Use our calculator below to see exactly how much your savings could grow.
Explore More Rates by Term:
Best 6 Month CD Rates
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Overview


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* Annual Percentage Yield (APY) for certificates of deposits are from the latest rate surveys which are updated as often as daily. Rates are based on publicly available data for CD products. Additional restrictions and requirements may apply. The APY assumes interest remains on deposit until maturity. Early withdrawal penalty may be imposed if funds are withdrawn prior to maturity. Fees and penalties may reduce earnings. The APY for variable CD Rates may change after the account is opened.

** Annual Percentage Yield (APY) for High Yield Savings Accounts (HYSA) are effective as of the date shown above. HYSA are variable rate accounts. Rates may change after the account is opened. Fees may reduce earnings. Additional restrictions and requirements may apply. Please review the account deposit agreement and fee schedule for the financial institution for further information regarding fees, terms, and conditions.

Tiered rates may be included in the account listings. Please refer to the financial institution's website for the full listing of any tiered rates. Visitors should independently verify all terms, conditions, and limitations including, but not limited to deposit insurance coverage, credit union eligibility and membership requirements. CD Valet is not a federally insured deposit institution; deposit insurance is offered through the bank or credit union. CD Valet is compensated by a limited number of financial institutions that have either contracted marketing services with CD Valet or have an Open Now or affiliate link on CD Valet. Visit our Privacy and Disclosure Center to read related disclosures and policies of CD Valet and its partners.

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