Highest Memphis, TN 24-Month CD Rates

As the second quarter of 2011 comes close to an end, it presents a perfect chance to take another look at how CD rates are doing right now. We recently examined Memphis CD rates for 6 and 12 month terms in the month of June, so let’s do the same for 24-month (2-year) CD rates as well.

Current 24-Month CD Rates in Memphis, TN

There are a total of 8 CD accounts available in Memphis for a term of 24 months. Out of all these accounts, the average rate is 0.96% APY. The lowest rate we have on record right now is 0.5% APY.

Most importantly, below is the Memphis bank and credit union where you can find the best Memphis 24-month CD rates today.

Bank with Highest Rate in Memphis: There are likely several community banks near where you live, which is a great place to find top interest rates on deposit accounts, including certificates of deposit. Currently the highest bank 2-year CD rate can be found at Citizens Savings Bank and Trust Company Nashville Tennessee: 1.06% APY.

Memphis Credit Union with Best Rate: Credit unions often have the very best rates out of all financial institutions. Though you must be a member of a credit union to open an account, many offer wide fields of membership. The credit union in Memphis with the highest 24-month CD rate today is L G & W Credit Union: 1.25% APY.

Please note that the above rates are accurate as of June 13, 2011 but are subject to change at any time. Contact individual financial institutions to verify rates before opening an account. Additionally, you can view the most up-to-date interest rate information for these accounts by visiting the Memphis 2-Year CD Rates page.