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Best 18-Month CD Rates of June 2024

Review Updated
Matt Frankel, CFP®
Steven Porrello
By: Matt Frankel, CFP®
Matt Frankel, CFP®
Matt Frankel, CFP®
Writer, Analyst

Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.

See Full Bio

 and  Steven Porrello
Steven Porrello
Steven Porrello
Writer

Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.

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Our Banking Experts

Nathan Alderman
Check IconFact Checked Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

18-month CD rates can be significantly higher than the rates you'll find from savings accounts and longer-term CDs. They can be an ideal choice for people who can commit to keeping their money deposited for more than a year, but who don't want the commitment involved with a 3-year or 5-year CD.

Here's a look at the best 18-month CD rates right now, as well as some things you should keep in mind before you decide which is the best choice for you.

  • We pride ourselves on being able to confidently say that these CDs are chosen by personal finance experts that operate independently of our Partnerships team, meaning the picks on this page are not and never have been influenced by advertising deals.

    Our Ratings team:

Our picks for the best 18-month CDs

Discover® Bank CD
Bottom Line

Discover has a higher minimum balance requirement than some of its competitors, but its rates are competitive and you don't have to worry about getting hit with any fees unless you withdraw funds via wire transfer or choose to withdraw from your CD before it reaches its maturity date. It also offers some unique term lengths, including CDs as short as three months and as long as 10 years.

Minimum Deposit $2,500

Open Account for Discover® Bank CD
3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 7 Yr. APY 10 Yr. APY
2.00% 4.25% 4.25% 4.70% 4.40% 4.00% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
APY = Annual Percentage Yield
Barclays Online CD
Bottom Line

Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. Those interested in building longer-term CD ladders will find plenty to like here.

Minimum Deposit $0

Open Account for Barclays Online CD
6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.85% 5.00% 4.50% 4.00% 3.50% 3.50% 3.75%
APY = Annual Percentage Yield
LendingClub CD
Bottom Line

LendingClub CDs don't skimp on interest, offering competitive APYs for all six of its CD terms, from six months to five years. They're also FDIC insured. One downside is that you'll need to commit at least $2,500 to open an account.

Minimum Deposit $2,500

Open Account for LendingClub CD
6 Mo. APY 10 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
5.00% 5.20% 4.20% 5.00% 4.50% 4.30% 4.00%
APY = Annual Percentage Yield
Sallie Mae CD
Bottom Line

Sallie Mae may not be well-known for its banking services, but it offers CDs with competitive rates and the typically available terms. But the $2,500 required minimum deposit to open one will make them out of reach for many savers.

Minimum Deposit $2,500

Read Review
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
5.10% 5.15% 5.25% 4.90% 4.50% 4.00% 4.00%
APY = Annual Percentage Yield
Capital One 360 CD
Bottom Line

Backed by Capital One's well-known brand, the Capital One 360 CDs offer competitive rates across many common terms, though they're stronger in durations of a year or longer. There's no minimum deposit, so savers can benefit even if they don't have a large sum to deposit. Check Capital One's website for the most up-to-date rates.

Minimum Deposit $0

Read Review
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.25% 4.25% 5.00% 4.45% 4.00% 4.00% 3.95% 3.90%
APY = Annual Percentage Yield
Alliant CD
Bottom Line

Alliant offers CD rates across common terms that stack up well with other banks on this list. The credit union's rates hold up better than most though over the longer terms, so for savers interested in locking in rates for multiple years, Alliant could be a good home for your money. Note that the minimum of $1,000 is on the higher end for this list.

Minimum Deposit $1,000

Read Review
6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.75% 5.15% 4.90% 4.30% 4.20% 4.05% 4.00%
APY = Annual Percentage Yield
Ally High Yield CD
Bottom Line

Ally High Yield CDs are notable for saver-friendly features like no minimum deposits and lower-than-average withdrawal penalties (though you're still better off holding through your CD term!). The rates are generally not at the very top of the market, but they tend to not be far off.

Minimum Deposit $0

Read Review
3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 3 Yr. APY 5 Yr. APY
3.00% 4.40% 4.25% 4.50% 4.25% 4.00% 3.90%
APY = Annual Percentage Yield
Marcus by Goldman Sachs High Yield CD
Bottom Line

Savers have the potential to create effective CD ladders through Marcus, as it provides competitive rates through the most common CD terms. The minimum deposit is $500 and withdrawal penalties are moderate compared with competitive banks.

Minimum Deposit $500

Read Review
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 6 Yr. APY
5.10% 5.00% 5.00% 4.60% 4.20% 4.15% 4.05% 4.00% 3.90%
APY = Annual Percentage Yield
Synchrony Online CD
Bottom Line

Perhaps one of the lesser-known names on the list, Synchrony is a full-line bank with a 90-year history. Synchrony's CDs are notable for competitive rates at most term lengths, plus low or no minimum deposits.

Minimum Deposit $0

Read Review
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.80% 5.10% 4.80% 4.50% 4.20% 4.15% 4.00% 4.00%
APY = Annual Percentage Yield

How to compare 18-month CDs

18-month CDs often have very attractive APYs, especially when compared to savings accounts.

Compare our 18-month CD rates

Ratings Methodology
Rates as of June 7, 2024
Best 18-month certificates of deposits (CDs) of June 2024 picks.
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.40% Term: 1.5 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
Open Account for Barclays Online CD
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $2,500
Open Account for LendingClub CD
APY: 4.90% Term: 1.5 Year Min. Deposit:  $2,500
Read Review
APY: 4.45% Term: 1.5 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 4.90% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
APY: 4.25% Term: 1.5 Year Min. Deposit:  $0
Read Review
APY: 4.60% Term: 1.5 Year Min. Deposit:  $500
Read Review
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 1 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.00% Term: 1 Months Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
APY: 5.06% Term: 1 Months Min. Deposit:  $500
Read Review
Banc of California High-Yield CD from Raisin
Member FDIC.
APY: 5.34% Term: 1 Months Min. Deposit:  $1
Member FDIC.
APY: 3.00% Term: 2 Months Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
APY: up to 2.51% Term: 3 Months Min. Deposit:  $2,500
Read Review
APY: 2.00% Term: 3 Months Min. Deposit:  $2,500
Open Account for Discover® Bank CD
APY: 5.00% Term: 3 Months Min. Deposit:  $500
Read Review
APY: 3.00% Term: 3 Months Min. Deposit:  $0
Read Review
APY: 5.30% Term: 3 Months Min. Deposit:  $1
Open Account for
APY: 3.00% Term: 3 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 5.00% Term: 3 Months Min. Deposit:  $10,000
Read Review
Banc of California High-Yield CD from Raisin
Member FDIC.
APY: 5.34% Term: 3 Months Min. Deposit:  $1
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Months Min. Deposit:  $500
APY: 4.80% Term: 3 Months Min. Deposit:  $10,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 3 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.51% Term: 3 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.50% Term: 3 Months Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
First National Bank Special CD
Member FDIC.
APY: 5.25% Term: 5 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 4.90% Term: 5 Months Min. Deposit:  —
Read Review
APY: 5.50% Term: 5 Months Min. Deposit:  $2,500
Read Review
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $2,500
Open Account for LendingClub CD
Member FDIC.
APY: 5.35% Term: 6 Months Min. Deposit:  $1,000
Read Review
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.18% Term: 6 Months Min. Deposit:  $1,000
APY: 5.25% Term: 6 Months Min. Deposit:  $10,000
Read Review
APY: 4.00% Term: 6 Months Min. Deposit:  $1,000
Read Review
Banc of California High-Yield CD from Raisin
Member FDIC.
APY: 5.23% Term: 6 Months Min. Deposit:  $1
Vanguard Brokered CD
Member FDIC.
APY: 5.25% Term: 6 Months Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $10,000
APY: 5.10% Term: 6 Months Min. Deposit:  $2,500
Read Review
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.21% Term: 6 Months Min. Deposit:  $1
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Months Min. Deposit:  $1,000
APY: 5.10% Term: 6 Months Min. Deposit:  $500
Read Review
APY: 4.95% Term: 6 Months Min. Deposit:  $500
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.50% Term: 6 Months Min. Deposit:  $1,000
Valley Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $500
APY: up to 2.51% Term: 6 Months Min. Deposit:  $2,500
Read Review
APY: 3.00% Term: 6 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 5.05% Term: 6 Months Min. Deposit:  $500
Open Account for
Member FDIC.
APY: Up to 5.05% Term: 6 Months Min. Deposit:  $1,000
Read Review
Republic Bank of Chicago CD
Member FDIC.
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 5.00% Term: 6 Months Min. Deposit:  $250.00
Read Review
APY: 4.40% Term: 6 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 3.00% Term: 6 Months Min. Deposit:  $1,000
Open Account for CIT Bank CD
APY: 5.10% Term: 6 Months Min. Deposit:  $500
Read Review
Fidelity CD
Member FDIC.
APY: 5.25% Term: 6 Months Min. Deposit:  $1,000
Generations Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  —
APY: 4.25% Term: 6 Months Min. Deposit:  $0
Read Review
APY: 4.80% Term: 6 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 5.15% Term: 6 Months Min. Deposit:  $10,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.30% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 4.25% Term: 6 Months Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Member FDIC.
APY: 5.27 Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 5.30% Term: 6 Months Min. Deposit:  $1
Open Account for
Member FDIC.
APY: 0.05% Term: 6 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.80% Term: 6 Months Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
APY: 4.00% Term: 6 Months Min. Deposit:  $1
Open Account for Ponce Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.47% Term: 6 Months Min. Deposit:  $1,000
Read Review
First Tech CD
APY: up to 4.91% Term: 6 Months Min. Deposit:  $500
APY: 4.75% Term: 7 Months Min. Deposit:  $500
Read Review
APY: 5.00% Term: 7 Months Min. Deposit:  —
Read Review
Huntington Bank Promotional CD
Member FDIC.
APY: 5.13% Term: 7 Months Min. Deposit:  $1,000
APY: up to 4.75% Term: 7 Months Min. Deposit:  $2,500
Read Review
Member FDIC.
APY: 5.01% Term: 7 Months Min. Deposit:  $500
Read Review
First National Bank Special CD
Member FDIC.
APY: 5.00% Term: 7 Months Min. Deposit:  $5,000 or $10,000, depending on term
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.55% Term: 9 Months Min. Deposit:  $10,000
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 9 Months Min. Deposit:  $10,000
Member FDIC.
APY: 5.27% Term: 9 Months Min. Deposit:  $1,000
Read Review
APY: 5.00% Term: 9 Months Min. Deposit:  $500
Read Review
APY: 5.10% Term: 9 Months Min. Deposit:  $1
Read Review
APY: 5.10% Term: 9 Months Min. Deposit:  $1
Open Account for
Member FDIC.
APY: 5.30% Term: 9 Months Min. Deposit:  $1,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 9 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.75% Term: 9 Months Min. Deposit:  $500
Read Review
APY: 5.15% Term: 9 Months Min. Deposit:  $2,500
Read Review
APY: 4.25% Term: 9 Months Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Banc of California High-Yield CD from Raisin
Member FDIC.
APY: 5.18% Term: 9 Months Min. Deposit:  $1
APY: 4.25% Term: 9 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 5.00% Term: 10 Months Min. Deposit:  $500
Read Review
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.31% Term: 10 Months Min. Deposit:  $1
Member FDIC.
APY: 5.20% Term: 10 Months Min. Deposit:  $2,500
Open Account for
APY: 3.50% Term: 11 Months Min. Deposit:  $1,000
Open Account for CIT Bank No-Penalty CD
APY: 4.50% Term: 11 Months Min. Deposit:  $0
Read Review
Huntington Bank Promotional CD
Member FDIC.
APY: 4.86% Term: 11 Months Min. Deposit:  $1,000
APY: 5.00% Term: 1 Year Min. Deposit:  $0
Open Account for Barclays Online CD
Member FDIC.
APY: 5.27% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 2.75% to 3.75% Term: 1 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 1.00% - 4.75% Term: 1 Year Min. Deposit:  $250.00
Read Review
Banc of California High-Yield CD from Raisin
Member FDIC.
APY: 5.13% Term: 1 Year Min. Deposit:  $1
Member FDIC.
APY: 5.37% Term: 1 Year Min. Deposit:  $10,000
Read Review
APY: 5.25% Term: 1 Year Min. Deposit:  $1
Open Account for
APY: 1.50% Term: 1 Year Min. Deposit:  $500
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.60% Term: 1 Year Min. Deposit:  $1,000
Valley Bank CD
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
APY: 4.50% Term: 1 Year Min. Deposit:  $0
Read Review
APY: 5.00% Term: 1 Year Min. Deposit:  $5,000
Read Review
APY: 5.00% Term: 1 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
Open Account for
APY: 5.25% Term: 1 Year Min. Deposit:  $2,500
Read Review
Member FDIC.
APY: 0.05% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
APY: 4.70% Term: 1 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Salem Five Bank CD
Member FDIC.
APY: 5.55% Term: 1 Year Min. Deposit:  $10,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.31% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: Up to 4.80% Term: 1 Year Min. Deposit:  $1,000
Read Review
All America Bank CD
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit:  —
Member FDIC.
APY: 5.05% Term: 1 Year Min. Deposit:  $1,000
Read Review
Fidelity CD
Member FDIC.
APY: 5.05% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.30% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 5.35% Term: 1 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 4.20% Term: 1 Year Min. Deposit:  $2,500
Open Account for LendingClub CD
Flushing Bank CD
Member FDIC.
APY: 5.00% Term: 1 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1 Year Min. Deposit:  $1,000
APY: 5.00% Term: 1 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 5.25% Term: 1 Year Min. Deposit:  $1,500
Read Review
Connexus Credit Union Share CD
APY: Up to 4.81 Term: 1 Year Min. Deposit:  $5,000
Generations Bank CD
Member FDIC.
APY: 5.20% Term: 1 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 0.75% Term: 1 Year Min. Deposit:  $1,000
APY: 5.00% Term: 1 Year Min. Deposit:  $1
Read Review
First Tech CD
APY: up to 4.55% Term: 1 Year Min. Deposit:  $500
APY: 4.80% Term: 1 Year Min. Deposit:  $1,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 4.95% Term: 1 Year Min. Deposit:  $500
Read Review
APY: 4.35% Term: 1 Year Min. Deposit:  $0
Read Review
APY: 4.80% Term: 1 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 5.40% Term: 1 Year Min. Deposit:  $1,000
Read Review
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 5.00% Term: 13 Months Min. Deposit:  $500
APY: 5.15% Term: 13 Months Min. Deposit:  —
Read Review
First National Bank Special CD
Member FDIC.
APY: 4.60% Term: 13 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.50% Term: 13 Months Min. Deposit:  $1,000
Open Account for CIT Bank CD
Member FDIC.
APY: 5.25% Term: 13 Months Min. Deposit:  $1,000
Read Review
Republic Bank of Chicago CD
Member FDIC.
APY: 4.33% Term: 13 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 13 Months Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
Member FDIC.
APY: 4.00% Term: 15 Months Min. Deposit:  $500
Read Review
Flushing Bank CD
Member FDIC.
APY: 4.60% Term: 15 Months Min. Deposit:  $1,000
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.30% Term: 15 Months Min. Deposit:  $10,000
Federally insured by NCUA.
APY: 5.10% Term: 16 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 2.00% Term: 1.5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 5.06% Term: 1.5 Year Min. Deposit:  $10,000
Read Review
Republic Bank of Chicago CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $500
Banc of California No-Penalty CD from Raisin
Member FDIC.
APY: 4.71% Term: 1.5 Year Min. Deposit:  $1
APY: 3.25% Term: 1.5 Year Min. Deposit:  $0
Read Review
APY: 4.75% Term: 1.5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.27% Term: 1.5 Year Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
Salem Five Bank CD
Member FDIC.
APY: 4.50% Term: 1.5 Year Min. Deposit:  $10,000
APY: 4.30% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $250.00
Read Review
APY: 1.50% Term: 1.5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 5.15% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
APY: 4.75% Term: 1.5 Year Min. Deposit:  $10,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1.5 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.04% Term: 1.5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.00% Term: 1.5 Year Min. Deposit:  $1,000
Open Account for CIT Bank CD
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1.5 Year Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 19 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 4.75% Term: 2 Year Min. Deposit:  $1,000
Read Review
All America Bank CD
Member FDIC.
APY: 4.25% Term: 2 Year Min. Deposit:  —
APY: 4.00% Term: 2 Year Min. Deposit:  $0
Open Account for Barclays Online CD
APY: 4.50% Term: 2 Year Min. Deposit:  $500
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 5.35% Term: 2 Year Min. Deposit:  $1,000
APY: 1.50% Term: 2 Year Min. Deposit:  $500
Read Review
Valley Bank CD
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.65% Term: 2 Year Min. Deposit:  $1,500
Read Review
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
Read Review
Member FDIC.
APY: Up to 4.30% Term: 2 Year Min. Deposit:  $1,000
Read Review
Fidelity CD
Member FDIC.
APY: 4.90% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 2.00% Term: 2 Year Min. Deposit:  $500
Read Review
APY: 4.20% Term: 2 Year Min. Deposit:  $500
Read Review
Salem Five Bank CD
Member FDIC.
APY: 3.25% Term: 2 Year Min. Deposit:  $10,000
Member FDIC.
APY: 4.30% Term: 2 Year Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
Member FDIC.
APY: 4.80% Term: 2 Year Min. Deposit:  $10,000
Read Review
First Tech CD
APY: up to 2.25% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.80% Term: 2 Year Min. Deposit:  $1,000
Read Review
Generations Bank CD
Member FDIC.
APY: 4.24% Term: 2 Year Min. Deposit:  $1,000
APY: 4.30% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.00% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
Open Account for LendingClub CD
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 2 Year Min. Deposit:  $1,000
APY: 4.00% Term: 2 Year Min. Deposit:  $5,000
Read Review
Banc of California No-Penalty CD from Raisin
Member FDIC.
APY: 4.39% Term: 2 Year Min. Deposit:  $1
Republic Bank of Chicago CD
Member FDIC.
APY: 1.25% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $250.00
Read Review
Connexus Credit Union Share CD
APY: Up to 4.56% Term: 2 Year Min. Deposit:  $5,000
Member FDIC.
APY: 4.90% Term: 2 Year Min. Deposit:  $1,000
Read Review
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.82% Term: 2 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $500
APY: 4.00% Term: 2 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $500
Open Account for
APY: 4.00% Term: 2 Year Min. Deposit:  $0
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.45% Term: 2 Year Min. Deposit:  $1,000
APY: 4.20% Term: 2 Year Min. Deposit:  $0
Read Review
APY: 4.00% Term: 2 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
APY: 4.80% Term: 2 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 5.00% Term: 25 Months Min. Deposit:  $1,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 25 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 3.75% Term: 30 Months Min. Deposit:  $2,500
Open Account for Discover® Bank CD
APY: 1.50% Term: 30 Months Min. Deposit:  $500
Read Review
APY: 4.00% Term: 30 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.75% Term: 35 Months Min. Deposit:  $1,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 35 Months Min. Deposit:  $5,000 or $10,000, depending on term
Vanguard Brokered CD
Member FDIC.
APY: 5.35% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.80% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 4.10% Term: 3 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 0.05% Term: 3 Year Min. Deposit:  $250.00
Read Review
APY: 4.25% Term: 3 Year Min. Deposit:  $500
Read Review
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 3 Year Min. Deposit:  $1,000
First Tech CD
APY: up to 2.45% Term: 3 Year Min. Deposit:  $500
Member FDIC.
APY: 3.00% Term: 3 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.40% Term: 3 Year Min. Deposit:  $500
Open Account for
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 4.15% Term: 3 Year Min. Deposit:  $0
Read Review
APY: 3.75% Term: 3 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Salem Five Bank CD
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $10,000
All America Bank CD
Member FDIC.
APY: 3.75% Term: 3 Year Min. Deposit:  —
Member FDIC.
APY: 4.65% Term: 3 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.55% Term: 3 Year Min. Deposit:  $10,000
Read Review
APY: 1.50% Term: 3 Year Min. Deposit:  $500
Read Review
APY: 4.00% Term: 3 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $500
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
APY: 4.00% Term: 3 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.85% Term: 3 Year Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
Member FDIC.
APY: 4.30% Term: 3 Year Min. Deposit:  $2,500
Open Account for LendingClub CD
APY: 3.50% Term: 3 Year Min. Deposit:  $0
Open Account for Barclays Online CD
APY: 3.00% Term: 3 Year Min. Deposit:  $0
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.35% Term: 3 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.66% Term: 3 Year Min. Deposit:  $1,000
APY: 4.15% Term: 3 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.25% Term: 3 Year Min. Deposit:  $1,500
Read Review
APY: 3.35% Term: 3 Year Min. Deposit:  $5,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Year Min. Deposit:  $500
APY: 4.55% Term: 3 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 4.25% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 3 Year Min. Deposit:  $2,500
Read Review
Fidelity CD
Member FDIC.
APY: 4.80% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 1.75% Term: 37 Months Min. Deposit:  $1
Read Review
Member FDIC.
APY: 4.75% Term: 45 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.75% Term: 4 Year Min. Deposit:  $1,000
Read Review
APY: 3.40% Term: 4 Year Min. Deposit:  $5,000
Read Review
APY: 1.61% Term: 4 Year Min. Deposit:  $1
Open Account for Ponce Bank High-Yield CD from Raisin
APY: 3.50% Term: 4 Year Min. Deposit:  $0
Open Account for Barclays Online CD
APY: 4.45% Term: 4 Year Min. Deposit:  $10,000
Read Review
All America Bank CD
Member FDIC.
APY: 3.49% Term: 4 Year Min. Deposit:  —
Fidelity CD
Member FDIC.
APY: 4.55% Term: 4 Year Min. Deposit:  $1,000
APY: 3.75% Term: 4 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Member FDIC.
APY: 0.15% Term: 4 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.05% Term: 4 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 4 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.50% Term: 4 Year Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
APY: 3.90% Term: 4 Year Min. Deposit:  $1,000
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.20% Term: 4 Year Min. Deposit:  $1,000
APY: 3.00% Term: 4 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 4.45% Term: 4 Year Min. Deposit:  $10,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 4.55% Term: 4 Year Min. Deposit:  $1,000
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 5.25% Term: 4 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 4 Year Min. Deposit:  $10,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.15% Term: 4 Year Min. Deposit:  $1,500
Read Review
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.50% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 4 Year Min. Deposit:  $500
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 4 Year Min. Deposit:  $1,000
APY: 3.95% Term: 4 Year Min. Deposit:  $0
Read Review
APY: 4.00% Term: 4 Year Min. Deposit:  $500
Read Review
APY: 4.05% Term: 4 Year Min. Deposit:  $500
Read Review
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.60% Term: 49 Months Min. Deposit:  $10,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 52 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 4.75% Term: 59 Months Min. Deposit:  $1,000
Read Review
APY: 3.75% Term: 5 Year Min. Deposit:  $0
Open Account for Barclays Online CD
Member FDIC.
APY: 4.15% Term: 5 Year Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 3.75% Term: 5 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Member FDIC.
APY: 4.50% Term: 5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
Open Account for LendingClub CD
APY: 1.50% Term: 5 Year Min. Deposit:  $500
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.65% Term: 5 Year Min. Deposit:  $1,000
Read Review
All America Bank CD
Member FDIC.
APY: 3.49% Term: 5 Year Min. Deposit:  —
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.55% Term: 5 Year Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 3.00% Term: 5 Year Min. Deposit:  $1,000
Read Review
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 5 Year Min. Deposit:  $10,000
Member FDIC.
APY: 2.00% Term: 5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 0.25% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
Read Review
Member FDIC.
APY: 4.30% Term: 5 Year Min. Deposit:  $500
Open Account for
APY: 4.00% Term: 5 Year Min. Deposit:  $500
Read Review
APY: 3.45% Term: 5 Year Min. Deposit:  $5,000
Read Review
APY: 3.00% Term: 5 Year Min. Deposit:  $0
Read Review
First Tech CD
APY: up to 3.55% Term: 5 Year Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $1,000
Vanguard Brokered CD
Member FDIC.
APY: 5.35% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 5 Year Min. Deposit:  $250.00
Read Review
Fidelity CD
Member FDIC.
APY: 4.50% Term: 5 Year Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.10% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.25% Term: 5 Year Min. Deposit:  $500 or $1,000, depending on CD term
Open Account for Ponce Bank CDs
APY: 3.90% Term: 5 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 4.45% Term: 5 Year Min. Deposit:  $10,000
Read Review
APY: 3.90% Term: 5 Year Min. Deposit:  $0
Read Review
APY: 4.25% Term: 5 Year Min. Deposit:  $10,000
Read Review
APY: 4.00% Term: 5 Year Min. Deposit:  $0
Read Review
APY: 3.90% Term: 5 Year Min. Deposit:  $1,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 61 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: up to 2.00% Term: 61 Months Min. Deposit:  $1
Read Review
APY: 3.90% Term: 6 Year Min. Deposit:  $500
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Year Min. Deposit:  $1,000
APY: 1.50% Term: 6 Year Min. Deposit:  $500
Read Review
APY: 3.75% Term: 7 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
APY: 3.75% Term: 10 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
Sorry, we didn't find any CDs that meet those criteria.

What is an 18-month CD?

An 18-month CD is a bank account that gives you a guaranteed interest rate for 1.5 years in exchange for limited access to your deposit. Unless it's a no-penalty CD, you typically can't withdraw your deposit without consequences until the 18-month CD matures, although some allow you to withdraw interest after it's credited to your account.

Will 18-month CD rates increase in 2024?

CD rates increased significantly in 2022 and 2023, but it's unlikely they'll continue rising in 2024. On the contrary, it's more likely rates will fall before the year is over.

We would likely see an increase in CD rates if annual inflation rose significantly followed by the Federal Reserve hiking the federal funds rate to combat it. This was what happened between 2022 and 2023, which brought the fed rate to a range of 5.25% to 5.50%. Although annual inflation has not fallen into the Fed's desired range of 2%, the central bank has kept its fed rate steady since its July 2023 meeting on the basis of improved annual inflation data.

Once the Fed believes it has a grip on inflation, it will start dropping its fed rate, which will have an impact on CD rates. In fact, many CD rates, including some 18-month CDs, have already started to drop, as CD providers anticipate rate cuts in the near future. All in all, if you're in the market for an 18-month CD, now might be the time to lock in.

Pros and cons of an 18-month CD

An 18-month CD can be a great way to lock in a guaranteed APY for a year and a half, but like most financial products, it isn't the best fit for everyone.

Pros

  • Guaranteed APY: If a CD advertises a certain APY, that's what you'll get for the entire term. This is a big advantage over high-yield savings accounts, whose APYs can rise or fall at any time at the bank's discretion.
  • Higher APY than savings account: You can typically find higher yields with 18-month CDs than you can with most savings accounts. Banks tend to compensate you for your willingness to commit to leaving your money deposited for a certain amount of time.
  • FDIC insured: Unlike certain other types of fixed-income investment vehicles, CDs are FDIC insured to a maximum of $250,000 per person, per institution. Some banks even use innovative technologies to partner with other institutions to offer even more FDIC coverage.

Cons

  • Early withdrawal penalty: If you need to access your money before the end of the term, you'll have to pay a penalty, usually equal to a few months' worth of interest. Before you get an 18-month CD, you need to be reasonably sure you can leave your money in the account for the entire term.
  • No benefit from rising rates: The guaranteed APY feature of a CD works both ways. Sure, it's great to have an 18-month CD with an APY of 5.00% if market interest rates fall to 3.00%. On the other hand, if interest rates spike higher, you're stuck with a 5.00% yield.

Who is an 18-month CD right for?

An 18-month CD can be a great choice for people who want a guaranteed APY for well over a year, but who don't want to commit to leaving their money in an account for three or five (or more) years. They can be excellent choices for money you don't need right away, but may need a few years down the road.

Alternatives to an 18-month CD

An 18-month CD can be a great compromise between a guaranteed APY for a period and not keeping your money tied up for too long. However, they aren't a good option for everyone.

High-yield savings accounts

There are some excellent financial institutions that offer savings accounts with high yields that in many cases can be on-par with or higher than what you'll find from an 18-month CD. The main advantage is that your money won't be tied up for any specific length of time, but the drawback is that your APY isn't guaranteed and can rise or fall at any time. If you're not planning on needing access to your money regularly, but still want it readily available in case an unforeseen expense comes up, a high-yield savings account could be the better option for you.

Money market accounts

A money market account combines some of the best features of high-yield saving accounts and checking accounts. You can find money market accounts with APYs that are close to what high-yield saving accounts and CDs offer, but you don't have any time commitment and you can usually access your money through an ATM or write checks on the account.

Treasury bonds

If you're looking for an investment with a guaranteed return, Treasury bonds can be a good alternative to CDs. You can usually buy Treasuries through a brokerage account, or you can open an account directly with the United States Treasury. Treasury bonds (technically, they're called bills, bonds, and notes depending on the maturity length) are offered with terms from a few days through 30 years, so there is more flexibility than with CDs, which typically come in a handful of term lengths.

To recap, the highest 18-month CD rates

Offer APY Min. Deposit
4.40% - 1.5 Yr. $2,500
4.50% - 1.5 Yr. $0
5.00% - 1.5 Yr. $2,500
4.90% - 1.5 Yr. $2,500
4.45% - 1.5 Yr. $0
4.90% - 1.5 Yr. $1,000
4.25% - 1.5 Yr. $0
4.60% - 1.5 Yr. $500
4.50% - 1.5 Yr. $0
APY = Annual Percentage Yield

Other CD lengths to consider

Our CDs methodology

At The Motley Fool Ascent, our certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

The Ascent tracks just standard CDs, not IRA, bump up, callable, and other less popular CD accounts. CD rates displayed on this Best 18-Month CD Rates pages are comprised of both the highest CD rates in The Ascent’s universe of tracked rates and featured placements from advertisers. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list.

Learn more about how The Motley Fool Ascent rates bank accounts.

Banks we monitor

  • Alliant, Ally, All America Bank, American First Credit Union, American Express® National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Bank, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi, Synchrony Bank, Tab Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.

FAQs

  • You should consider an 18-month CD if you want to lock in a competitive APY but you don't want the time commitment of a longer-term CD. 18-month CDs often offer higher APYs than savings accounts or longer-term CDs, and can be great options if you're worried about interest rates falling in the near future.

  • An 18-month CD can be worthwhile for your savings if you want to lock in a competitive APY for a year and a half, and are reasonably sure you aren't going to need access to your money for at least that long.

  • An 18-month CD starts by opening an account with a bank or credit union. You'll deposit an initial sum, which you won't touch for 1.5 years, then let it grow by your CD's interest rate. When your CD matures, you can renew your 18-month contract, open another CD with different terms, or transfer your money to another bank account.