The top rate being offered nationally on 24 month certificates of deposit is 1.30% APY.
Four banks are paying this rate. One of them is AloStar Bank of Commerce, which requires savers to make a deposit of $1,000 at least to qualify for the rate. For the same minimum deposit amount, CIT Bank too offers 1.30% APY.
American Express Bank does not require you to make a minimum deposit for this rate. The next institution offering the top rate is Goldwater Bank, which mandates that savers have a minimum of $5,000 as deposit.