The extra rate is worth the extra time commitment. As a result, a depositor should think about whether

While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double. All two year CDs shown on BestCashCow are FDIC insured.

Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate