It seems as though interest rates on deposit accounts are just getting worse and worse, which makes finding a competitive Madison CD rate seem near impossible. Luckily, there are still banks and credit unions in the area that are providing outstanding CD rates if you know where to look. 
Compare the Best Local Rates
Madison 2 Year CD
With over 56 financial institutions in Madison WI alone, it's not always an easy task to locate the most competitive offers available near you. Madison Banking Rates is a comprehensive resource for finding the best interest rates in your area, including the highest CD rates. The average 2 year CD rate in Madison WI is currently 0.78%, including rates from a total of 19 accounts. Below is an up-to-date list of the top five 24 month CD rates in your area.
Banks and Credit Unions with the Best Two-Year CD Rates in Madison WI- Markesan State Bank: 1.25%
- Hometown Bank: 1%
- Landmark Credit Union Wisconsin: 1%
- Summit Credit Union: 1%
- First Citizens State Bank - Whitewater Wisconsin: 0.9%
For more information regarding the above banks and rates, or to view the best CD rates for additional term lengths, visit Madison WI CD Rates.
The month of August is just about over, which means Madison CD rates will likely change up as banks and credit unions adjust their interest rates going into September. Today’s uncertain economy makes finding truly great CD rates tough, but luckily you have Madison Banking Rates to direct you right to the top offers in the area.
Since CD Rates in Madison fluctuate on a regular basis, it’s essential you stay up-to-date on what banks and credit unions near you are offering. Even if you’re not planning to open a new account, you should ensure the one you do have is still providing a competitive interest rate by researching current rates in your city consistently.
Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. Madison Banking Rates has compiled a list of the average CD rates in Madison by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.
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 Madison 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.
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 Madison CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.
When you think about your financial future, do you think long term or short term? Do you look ahead to retirement or wonder how you’re going to make rent next week?
Instead of thinking about one of those two extremes, why not look ahead a year or two? You can achieve a lot with a smart investment–like a 24-month CD. Buying a new car, putting a down payment on a house, those are the big financial dreams that can be yours.
