Highest CD Rates in California: 24-Month Term
You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best <a href=”http://www.californiabankingrates.com/cd-rates/”>California CD rates</a>, 24-month (2-year) CD accounts are sure to offer the highest rates.
<h3>Today’s 2-Year CD Rates in California</h3>
To get a better idea of what currently available, here’s a look at the highest, lowest and average 24-month CD rates in California right now:
<strong>Number of Accounts Available:</strong> [accountcount type=”24″]
<strong>Highest Rate:</strong> [accountlist type=”24″ order=”desc” count=”1″ bankname=”off”] APY
<strong>Lowest Rate:</strong> [accountlist type=”24″ order=”asc” count=”1″ bankname=”off”] APY
<strong>Average Rate:</strong> [accountaverage type=”24″] APY
<h3>Local Banks and Credit Unions with the Best 24-Month CD Rates</h3>
The following are the local California financial institutions that are currently offering the highest 24-month CD interest rates:
[accountlist type=”24″ order=”desc” count=”5″ bankname=”on”]
These rates are accurate as of 5/16/11 but are subject to change at any time. To view current 24-month CD rates, visit our <a href=”http://www.californiabankingrates.com/cd-rates/2-year-cd/”>California 2-Year CD Rates</a> page.