Pentagon Federal Credit Union: 4.70% APY, $1,000 minimum deposit Marcus by Goldman Sachs: 4.75% APY $500 minimum depositĭiscover Bank: 4.75% APY $2,500 minimum deposit Popular Direct: 4.80% APY $10,000 minimum deposit Synchrony Bank: 4.90% APY $0 minimum depositįirst Internet Bank of Indiana: 4.86% APY $1,000 minimum deposit Limelight Bank: 5.00% APY, $1,000 minimum deposit Bankrate’s picks for the top 18-month CD ratesĪlly Bank: 5.00% APY $0 minimum opening deposit Compare these offers, then calculate how much interest you would earn when your CD matures. Here are the top widely available 18-month CD rates. You can also use an 18-month CD to build a CD ladder. With an 18-month CD, your annual percentage yield (APY) is locked in, so you don’t have to worry about your bank potentially lowering the rate on your account.Īn 18-month CD can be ideal for setting aside money for short-term goals, such as going on vacation or saving for a car down payment. In return for your commitment to leave the money alone, you receive a higher yield than you would earn in a savings account. With a CD, you agree to leave your money in the account for a set period of time - in this case, 18 months. Long-term CDs offer better rates, but your funds are locked in for years unless you’re willing to pay a big penalty to withdraw your money early.Īn 18-month CD offers the best of both worlds: a higher yield than a standard savings account and a relatively brief term. Savings accounts and money market accounts are highly liquid but don’t usually offer the best rate of return. Deciding where to stick your savings can be tricky.

United bank 19 month cd rate