Two year bank certificate of deposit rates ended the week stuck in neutral based on data from the most recent bank CD rate survey performed by SelectCDrates.com.  For the week ending April 23, 2010 the average rate for the top ten best two year CD rates available nationally closed at 2.03%, unchanged from the prior week’s average yield.

The highest two year CD interest rate was also unchanged.  The top bank rate continues to be the product of Tennessee Commerce Bank with an interest rate of 2.15%.  The second best two year rate is also unaltered and falls a full ten basis points or 10/100 of a percent behind the term leader.  The second highest two year certificate comes from Atlantic Coast bank with a rate of 2.05%. 

The remainder of the bank rates on the list of the top ten best two year CD rates are in a tight range with a spread of only three basis points between the third highest rate and the remainder of the list. 

Following Atlantic Coast Bank, NewDominionn Bank promotes a two year CD that has a yield of 2.03%.  Just one basis point beneath that offer is the bank CD from State Bank of India which has an interest rate of 2.02%.  Another one basis pint below this rate are two banks that offer the fifth highest two year rates.  Aurora Bank and Shore Bank promote two year CDs that have interest rates at 2.01%.

Four banks wrap up the list with identical rates.  American Express Bank, Acacia Federal Savings Bank, Bank of Internet and iGOBanking all have certificates of deposit that earn a rate of 2.00%.

For the week, not only did the average rate for the two year bank CD remain unchanged but all of the bank rates from the previous week carried over to the current week’s list leaving the entire list intact week over week.

While the two CD interest rates available nationally have been stable, there are not only considerable variations among the different banks on the national list but there are even greater disparities among the state CD rates.  Shop and compare the best CD rates before committing new investment dollars.

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