Safe Money · verified 2026-10-24
Best 2-year CD rates today.
As of Oct 24, 2026, the best 2-year CD rates CashWars verified are: Marcus by Goldman Sachs 4.40%, Navy Federal Credit Union 3.66%, Capital One 3.50% APY. All are FDIC or NCUA insured up to $250,000 per person, per bank.
Safe Money · CD rates · 3-month · 6-month · 1-year · 2-year · 3-year · 5-year · No-penalty CDs · Savings · Money market · Treasuries
| # | Bank | APY | Term | Minimum to open | Early withdrawal penalty | Insured | Source |
|---|---|---|---|---|---|---|---|
| 1 | Marcus by Goldman Sachs 2-year High-Yield CD | 4.40% | 2 years | $500 | Yes (see Marcus CD FAQ) | FDIC insured | Bank's page as of Oct 24, 2026 |
| 2 | Navy Federal Credit Union 24-month Standard Certificate Membership limited to military, veterans, DoD and their families | 3.66% | 2 years | $1,000 | Yes (see credit union terms) | NCUA insured (credit union) | Bank's page as of Oct 24, 2026 |
| 3 | Capital One 24-month 360 CD | 3.50% | 2 years | $0 | 6 months of interest | FDIC insured | Bank's page as of Oct 22, 2026 |
Is my money safe?
Yes, up to the limit. Every bank here is FDIC insured and every credit union is NCUA insured. That means the U.S. government backs your deposits up to $250,000 per person, per bank, for each type of ownership (for example, your own account, a joint account with your spouse, and a retirement account each count separately). If a bank fails, you get your money back up to that limit. According to the FDIC, no depositor has lost a penny of insured funds since it began in 1934.
Have more than $250,000? Spread it across banks, or add a joint owner or payable-on-death beneficiaries. FDIC: how coverage works · NCUA coverage
No-penalty CDs, in plain words
A no-penalty CD locks in a rate like a regular CD, but you can take all of your money out early without paying a fee, usually starting a week after you put it in. It's a good fit for money you probably won't need but want to be able to reach. The catch: you usually have to withdraw the whole balance at once, and the rate is a little lower than a regular CD.
The CD ladder, in plain words
Instead of putting all your savings in one CD, split it into a few CDs that end at different times. Example with $20,000:
- $5,000 in a 6-month CD
- $5,000 in a 1-year CD
- $5,000 in a 2-year CD
- $5,000 in a 3-year CD
Every so often one CD comes due. You can spend that money if you need it, or move it into a new longer CD. You always have some money coming free soon, and the rest keeps earning a locked-in rate.
APY (annual percentage yield) is what $100 earns in a year, including interest on interest. Early withdrawal penalty is the interest you give up if you take money out of a regular CD before it ends.
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