For a compact space Y, we view C(Y × S1) as the crossed product C(Y ) ⋊ \({\mathbb{Z}}\) , with \({\mathbb{Z}}\) acting trivially. This allows us to study Rieffel projections in M2(C(Y × S1): we characterize them and compute their image under the projection ∂0 : K0(C(Y × S1)) → K1(C(Y )). We provide a new Rieffel projection in M2(C( \({\mathbb{T}}^{2}\) )): in contrast with Loring’s projection [16], which involves nonalgebraic functions, ours involves only trigonometric polynomials plus the square root of 2−e2πiθ−e−2πiθ. We give applications of this projection, for example, explicit generators for the K-theory of C( \({\mathbb{T}}^{3}\) ). Finally, we prove that if a Banach algebra completion \(\mathcal{B}\) of \({\mathbb{C}}\) [ \({\mathbb{Z}}^{n}\) ] is continuously contained in C( \({\mathbb{T}}^{n}\) ) and such that the Fourier series of (2 − e2πiθj − e−2πiθj)1/2 (j = 1, . . . , n) converges in \(\mathcal{B}\) , then the inclusion \(\mathcal{B}\) ↪ C( \({\mathbb{T}}^{n}\) ) induces isomorphisms in K-theory.