The average of the best two year CD rates available nationally was unchanged for the week ending November 6, 2009.  The average yield on bank certificates of deposit with a two year maturity remained at 2.31%.

The best two year CD rate was also unchanged for the week.  The highest bank rate with a two year term comes from Atlantic Coast Bank with an interest rate of 2.40%.  American Express and Discover Bank continue to hold the second best two year CD rates.  Both banks offer two year CDs that are five basis points lower than the term leader with CD interest rates at 2.35%.

State Bank of India in New York holds the third highest rate available.  State Bank of India markets a two year CD interest rate of 2.32%.  Two banks have rates that fall just two basis points behind State Bank of India.  La Jolla Bank and Capital One Bank promote two year CDs that yield 2.30%.

Three banks in the top ten list have two year CDs at 2.28%.  Aurora Bank, Imperial Capital Bank and NewDominion Bank all offer certificates of deposit with interest rates at 2.28%.  Finishing off the list is Centennial Bank which markets a two year CD that yields 2.27%.

Comparing the highest bank rates in the two year term category this week with that of the previous week, there are absolutely no changes to the two lists.  All bank CD rates are offered by the same banks with yields that were unchanged for both weeks.  Rather uneventful, especially during a week in which other bank CD terms and rate offers were changed quite measurably.

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