The best 18-month CD rate is 5.00% APY from Connexus Credit Union. The minimum deposit requirement to open this 15-month CD is $5,000. CD rates are near historic highs, with the top 18-month CD rates ranging from 4.75% to 5.00% APY. All CDs and rates in our rankings were collected, verified, and available to open as of Sept. 13, 2024. To find you the best CD rates nationwide, we review CD rates from hundreds of banks and credit unions every weekday morning. We've been tracking 18-month CD rates since 2019, and the top CD rates in our rankings typically pay three to five times as much as the national average—or even more. Below are the top CD rates available from our partners, followed by the best 18-month CD rates we've found fromour researchthat are available to U.S. customers everywhere. Open a New Account × The offers that appear in this table are from partnerships from which we receive compensation. For more details, see our full advertiser disclosure. Institution Apy Min. To Earn Apy Highlights Open a New Account × The offers that appear in this table are from partnerships from which Dotdash receives compensation. The Fedheld rates steady for an eighth consecutive timeat its July 31meeting. The federal funds rate is at its highest level since 2001, but experts are projecting a rate cut in September. CD yields closely follow thefed funds rate. Back in October, CD rates reached peaks not seen in more than 20 years, but once the Fed starts cutting rates, CD rates will fall. Where more than one institution pays the same top rate, our rankings prioritize CDs by the shortest term, then the CD requiring the smallest minimum deposit. If there is still a tie, we then rank alphabetically by institution name. The annual percentage yield (APY) is the interest rate earned on an investment in one year, includingcompoundinginterest. A higher APY is better as your return will be higher. Detailed information on these top-paying nationally available 18-month CDs is provided below, including specifics about minimum deposits and early withdrawal penalties. For credit union CDs, information is also provided on how to easily join thecredit unions offering them. Investopedia collects thousands of CD rates from hundreds ofbanksandcredit unionsevery weekday. Whenranking CD rates, we look at factors like term, early withdrawal penalty, and minimum opening deposit. We also research banks and credit unions to provide unbiased, comprehensive reviews to ensure our readers make the right decisions for their needs. Investopedia launched in 1999 and has been helping readers find the best CD rates since 2019. Back when we first started tracking 18-month CD rates, the top interest rate on an 18-month CD was 2.70% APY. By October 2023, the top 18-month CD rate was 6.00%—over two times what it was four years earlier. While CD rates have fallen since then, they remain high in 2024. The CDs we recommend must be available nationwide and these certificates typically pay three to five times as much as the national average—or even more. To be eligible for our rankings, each CD's minimum opening deposit requirement cannot exceed $25,000 and must be offered by an FDIC-insured bank or NCUA-insured credit union (which covers up to $250,000 per depositor). *Online accounts from Brilliant Bank are not available to residents of Arkansas, Kansas, Missouri, and Oklahoma. Certificates of deposit (CDs)are fixed-interest accounts where you can deposit your money and then withdraw it later. You can get a CD from a bank or credit union. An 18-month CD requires you to keep the funds untouched for about a year and a half. For our rankings, we consider 18-month CDs to be anything with a term of 15 to 20 months. In exchange for giving up access to your funds, you'll generally be rewarded with a higher interest rate than the bank pays on savings and money market accounts. When opening a CD, deposit a lump sum of funds into the account at or above the minimum required deposit for that CD. The funds will sit in the account for about 18 months, earning interest along the way. When the CD hits its maturity date, you can withdraw the funds plus their earned interest from the account with no penalty. When asked in August what they would invest in if they had an extra $10,000,9% of Investopedia readerssaid they would open a CD, behind individual stocks, ETFs, and stock index funds. That number is unchanged from June. While CDs sit below individual stocks as the top response (at 22%), CDs are always a good option for those looking for safer investments. Though consumers tend to think about CD terms in nice round numbers, be sure to consider odd-term CDs, such as 15-month, 18-month, or 21-month certificates. It's not uncommon for promotional rate CDs to have unusual durations, so don't limit yourself to only the conventional terms. When choosing a CD, consider the following factors: Once you choose a CD, open the account, and deposit your money to start earning interest. Almost all CDs—not just 18-month CDs—come with an early withdrawal penalty. That means that if you decide to take your money out of the CD before the date the CD matures, you have to pay a fee. The fee is typically in the form of interest you earned, such as three or six months' worth of interest. For example, let's say you deposited $1,000 in an 18-month CD with a 5.00% APY. The total interest you would earn by keeping it in the CD for 18 months is $75.93. If the CD comes with an early withdrawal penalty worth six months of interest, then you would have to pay $25.31 if you decided to take your money out early. Other than the early withdrawal penalty, CDs don't typically come with any other fees (though the banking institution may require some). When choosing an 18-month CD, be sure to review the early withdrawal penalty. If you think you might need to withdraw your money before the CD matures, look for a CD with a lower penalty so that you end up with the most money possible when you withdraw. If you are positive that you won't touch the money in the CD until maturity, you may feel comfortable opening a CD with a more expensive penalty. This list includes the best 18-month CD rates, meaning that they are the highest 18-month CD rates nationwide. To find you the top 18-month CD rates, we look at hundreds of banks, credit unions, and other financial institutions every day and gather the CDs with the highest rates that are available nationwide, including CDs with terms of 15 to 20 months. When looking for an 18-month CD, consider the amount of money you want to deposit, the interest rate on the CD, and the early withdrawal penalty. For example, if a 20-month CD offers a 5.00% interest rate on a $25,000 deposit, but a 12-month withdrawal penalty, you may want to compare it with a 15-month CD with the same deposit but a six-month withdrawal penalty. This comparison is important to think about because if you need that money back sooner than maturity, you need to know what amount of interest you'll lose by withdrawing early. With that in mind, you'll need to first compare your options based on your deposit amount, then look at the rate and early withdrawal penalty. CD rates are the same for everyone who applies to open a CD. Your credit score and other financial history and experience are not determining factors like they are with credit cards or loans. So even if you have bad credit, you can earn a high interest rate on your savings by locking it up in a CD for a period of time. After you find the right CD for you, you'll need to apply to open the account. This may be easy if you're already a member of the bank or credit union. If you're not, you may need to open another savings account first, or apply to be a member of the credit union by joining another free or low-cost organization (the American Consumer Council is a popular one). To open an 18-month CD, follow these steps: Once your 18-month CD is opened, it's a set-it-and-forget-it process to earn your interest. There are just two times when you may need to take action on your 18-month CD: Instead of an 18-month CD, you could choose a shorter certificate to limit the amount of time your funds are tied up, but you may have to settle for a slightly lower rate. The same is true if you go with a longer-term CD: rates could be lower than what you can earn in 18 months. It all depends on the current rate environment, so it's important that you shop around. For example, if rates are higher now than you think they will be in the future, locking in one of today's rates for as long as possible can be a smart move. This allows you to retain your APY for longer than if you chose a shorter-term CD. Opening a top-paying high-yield savings account or a money market account is an alternative option to a CD. These accounts let you earn a competitive return on your funds with more flexibility. The downside is that savings and money market accounts pay a variable rate, which means that if interest rates go down in the future, so will the rate you're earning in these accounts. The same applies to cash reserve and money market funds at brokerage firms. Many of these pay much lower rates than you can earn with a high-yield savings account at a top-paying bank. But even when the APY on a brokerage cash account is competitive, it too is a variable rate that you can't lock in like you can with a CD. You could alternatively put your funds in U.S. savings bonds or Treasuries. The U.S. government offers two types of savings bonds: EE bonds and I bonds. EE bonds offer a fixed interest rate that you'll know at the time of making your deposit decision, while I bonds offer a rate that changes every six months based on current inflation levels (hence, the name I bonds). These investments are exceptionally safe, but they do not allow a withdrawal within the first 12 months for any reason. You can also lend money to the U.S. government by purchasing Treasury bonds. These are called T-bills for durations of four weeks to one year, and Treasury notes for durations of two to 10 years. Treasuries are considered one of the safest investments in the world, but their rates are not always as high as the best CDs or high-yield savings accounts. CD rates closely follow the fed funds rate, which the Federal Reserve held steady at its most recent meeting on July 30-31. With the fed funds rate stagnant, CD rates are also marching in place. There is very little chance that the Fed will raise rates in 2024. If anything, the Fed will be more likely to lower rates, but that may only happen if and when inflation is under control. In August, the inflation rate was 2.5%, down from July's 2.9% rate. The Fed's next rate policy meeting is in September, and on Aug. 30, the CME showed that 100% of traders predict the first rate cut will happen at that time, with 70% believing the cut would be by 25 basis points, while another 30% believe the rate will be cut by 50 basis points. Fed funds futures traders are continually placing bets, which you can see with the CME Group’s FedWatch Tool. There's a chance the Fed could cut interest rates this year, but no one can know for sure. Rather than waiting to see if the Fed cuts rates, lock in a high CD rate now. The best CD rates for an 18-month term will be anything over 5.00%. The best 18-month CD will come with a high rate, low early withdrawal penalty, and low minimum deposit required. Most of the top 18-month CDs have an early withdrawal penalty of three to six months and a minimum deposit of $500 or more. Right now, an 18-month CD is a good investment because you can earn a high rate on an 18-month CD. Once you open that CD, you are guaranteed that rate until the CD matures (as long as you do not withdraw the money early). Considering the Fed is watching inflation and interest rates closely, there's a chance it could cut the fed funds rate in the next 18 months. That would mean that CD rates would also fall in the future. So locking in an 18-month CD now can help you get the highest rate possible before any rates fall. An 18-month CD can help you hedge against high inflation because the rate you can earn may be more than the inflation rate. For example, in July 2024, the inflation rate was 2.9%. At that same time, 18-month CD rates paid over 5.00%. You can earn more on your savings with an 18-month CD to help combat the additional costs you'll incur, thanks to inflation. An 18-month CD is a suitable option for money you won't need in the coming year or longer. For those with a specific plan for the money, such as a down payment on a house or paying college tuition bills for a child, an 18-month CD might provide just the time frame you need to keep funds safe and reliably earning interest. Another appeal of 18-month CDs is to provide one rung of a shortened CD ladder. A CD ladder is a strategy for investing your funds in five CDs of differing terms rather than all at once. For a yearly ladder, you would own a 1-year, 2-year, 3-year, 4-year, and 5-year CD. But you can also create a shorter ladder, with six-month increments between the CDs (e.g., 6-month, 12-month, 18-month, etc.). Many of the highest deposit rates, whether for CDs, savings accounts, or money market accounts, are offered by online banks. Some of these are online-only banks, meaning they operate solely on the Internet, while others are brick-and-mortar banks with a separate online banking arm. Sometimes the online operations of physical banks even have an entirely different name and brand identity. Though you may feel nervous depositing your funds into an Internet bank instead of at a physical branch, online accounts and institutions are just as safe as their more traditional counterparts. That's because FDIC insurance doesn't discriminate—the $250,000 in deposit insurance it provides consumers in case of bank failure applies equally to online and brick-and-mortar banks. Shorter CDs sometimes pay more than longer CDs because the institution wants you to open an account with them. These shorter CDs may be promotional CDs with high rates but low terms. The lower the term, the less you'll earn on your money, even if it's a higher interest rate. Another factor is that banks and credit unions decide their CD yields based on where they think the federal funds rate will be in the future. So when it's expected that future interest rates will be lower than today's rates, it's common to see short- or mid-term CDs paying the best rates. ACD ladderenables you to access the higher rates typically offered on 5-year CDs, but with the twist that a portion of your money becomes available every year, rather than every five years. Here's how to do it. You can't lose your principal when you deposit it in a CD. But you can lose out on interest in the CD if you withdraw it early. Most CDs come with an early withdrawal penalty (but not all CDs have penalties) so if you take your money out of the account before the term is up, you may pay a price. CDs are federally insured though, so if you're worried about losing money in a CD due to a bank failure, you can rest assured that your money is backed by the FDIC or NCUA up to $250,000 per institution. We researched and reviewed over 250 banks, credit unions, and financial institutions to find the best CD rates you see above on this list. While we write individual reviews for most, we do not always write reviews for those we would not recommend. Below are the banks, credit unions, and financial institutions we researched along with links to individual company reviews to help you learn more before making a decision: 1st Source Bank, 5star Bank, ableBanking, Abound Credit Union, Achieva Credit Union, Affinity Federal Credit Union, Affinity Plus Federal Credit Union, Air Force Federal Credit Union, Alabama Credit Union, Allegacy Federal Credit Union, Alliant Credit Union,Ally Bank, Amerant Bank, American 1 Credit Union, American Express, American Heritage Credit Union, Andrews Federal Credit Union, Apple Federal Credit Union, Banco do Brasil Americas, Banesco USA, Bank of Baroda, Bank5 Connect, Bank7, Texas Capital Bank, bankESB (Easthampton Savings Bank), BankUnitedDirect,Barclays, BBVA Bank, Bellco Credit Union, Blue Federal Credit Union,BMO, BMO Alto,BrioDirect, Cadets Federal Credit Union, California Coast Credit Union,Capital One, Capitol Federal Savings Bank, CD Bank, CFG Bank,Chase Bank, Chevron Federal Credit Union, CIBC (Agility Banking),CIT Bank,Citibank, Citizens Access, Citizens Trust Bank, Colorado Federal Savings Bank,Bread Savings, Communitywide Federal Credit Union, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Corporate America Federal Credit Union (CAFCU), Credit Union of Denver, Credit Union of the Rockies, Digital, Federal Credit Union,Discover Bank, DollarSavingsDirect, Dover Federal Credit Union, Dow Credit Union, Evergreen Bank Group, RocklandTrust Bank, Elements Financial, EmigrantDirect.com, Liberty Federal Credit Union,Fidelity Investments, Financial Partners Credit Union, Financial Resources Federal Credit Union, First Financial Credit Union, First Financial Northwest Bank, First Internet Bank, First National Bank of America, First Technology Federal Credit Union, Fort Bragg Federal Credit Union, Garden Savings Federal Credit Union, Georgia Banking Company, Georgia's Own Credit Union, GreenState Credit Union, Greenwood Credit Union, Grow Financial Federal Credit Union, GTE Financial, Gulf Coast Bank & Trust Company, Hanscom Federal Credit Union, Heritage Bank, Hiway Federal Credit Union, Home Loan Investment Bank, Home Savings Bank, Hope Credit Union, HSBC Direct, Hughes Federal Credit Union, Hyperion Bank, Ideal Credit Union, iGObanking, Interior Federal Credit Union, Justice Federal Credit Union, Kinecta Federal Credit Union, KS State Bank, La Capitol Federal Credit Union, Lafayette Federal Credit Union, Lake Michigan Credit Union, Langley Federal Credit Union, Latino Community Credit Union, Limelight Bank, Live Oak Bank, Luther Burbank Savings, MYSB Direct, MAC Federal Credit Union, Main Street Bank, MainStreet Bank, MapleMark Bank, Marcus by Goldman Sachs, Market USA Federal Credit Union, Matadors Community Credit Union, MECU Credit Union, Merrick Bank, Michigan State University Federal Credit Union, Mills42 Federal Credit Union, Mountain America Credit Union, MTC Federal Credit Union, MutualOne Bank, My Banking Direct, My eBanc, My Savings Direct, NASA Federal Credit Union, Nationwide byAxos Bank,Navy Federal Credit Union, nbkc, NexBank, North Country Savings Bank, Northern Bank Direct, Northfield Bank, Northpointe Bank, Nuvision Federal Credit Union, Oklahoma Central Credit Union, One American Bank, OneUnited Bank, Pacific National Bank, Paramount Bank, PARDA Federal Credit Union, Partner Colorado Credit Union, Patelco Credit Union, Pen Air Federal Credit Union,PenFed Credit Union, People's Credit Union, First Service Credit Union, Pinnacle Federal Credit Union,Popular Direct, Premier America Credit Union, Presidential Bank, FSB, Prime Alliance Bank, PSECU (Pennsylvania State Employees Credit Union), Quontic Bank, Quorum Federal Credit Union, Rising Bank, Merrimack Valley Credit Union, Salal Credit Union,Sallie Mae Bank, Santa Clara County Federal Credit Union, Signature Federal Credit Union, Spectrum Credit Union, SRP Federal Credit Union, State Bank of India Chicago, State Bank of India New York, State Bank of Texas, State Department Federal Credit Union, Summit Credit Union, Sun East Federal Credit Union, Superior Choice Credit Union,Synchrony Bank, TAB Bank, Teachers Federal Credit Union, Technology Credit Union, The Federal Savings Bank,Third Federal Savings & Loan,EverBank, TotalBank, Transportation Federal Credit Union, TruStone Financial Credit Union, UNIFY Financial Credit Union, Expedition Credit Union, United States Senate Federal Credit Union, United Texas Bank, University Federal Credit Union,US Bank, USAlliance Financial, USPS Federal Credit Union, Velocity Credit Union, VeraBank,Vio Bank, Virtual Bank, WebBank, Webster Bank,Wells Fargo, Western Vista Credit Union, Wings Financial Credit Union, XCEL Federal Credit Union, BankPurely, Umbrella Bank, giantbank.com, CapEd Credit Union, Zeal Credit Union, Finworth, Coastal1 Credit Union, Service Credit Union, National Cooperative Bank, Premier Members Credit Union,Bank of America, Flagstar Bank, 1st MidAmerica Credit Union, INOVA Federal Credit Union, Genisys Credit Union, Ivy Bank, Heartland Credit Union, Luana Savings Bank, Spectra Credit Union, Workers Credit Union, Credit Human, EFCU Financial, Poppy Bank, Credit One Bank, Vibrant Credit Union, CFBank, Department of Commerce Federal Credit Union, Seattle Bank, Crescent Bank, Pima Federal Credit Union, Cross River Bank,USAA, Great River Federal Credit Union, Brilliant Bank, Merchants Bank of Indiana,LendingClub, Chartway Credit Union, First Central Savings Bank, AgFed Credit Union, North American Savings Bank, Pelican State Credit Union, First Community Credit Union, Bask Bank, Skyla Credit Union, SkyOne Federal Credit Union, 3Rivers Federal Credit Union, Utah First Credit Union, Pasadena Federal Credit Union, Magnifi Financial, AloStar, Primis Bank, Farmers Insurance Federal Credit Union, Tampa Bay Federal Credit Union, Veridian Credit Union, Republic Bank, Salem Five Direct, All In Credit Union, Bethpage Federal Credit Union, Self-Help Federal Credit Union, Forbright Bank, Jovia Financial Credit Union, Sun Canyon Bank, Fortera Credit Union, Partners 1st Federal Credit Union, SouthEast Bank, American Bank, Newtek Bank, CBC Federal Credit Union,Vanguard, All America Bank, Amalgamated Bank, Citizens State Bank, AmBoy Direct, Republic Bank of Chicago, Oklahoma Community Credit Union, BluPeak Credit Union, Valley Direct, Bayer Heritage Federal Credit Union, First Harvest Credit Union, Orion Federal Credit Union, Wellby Financial, FedChoice Federal Credit Union, CoVantage Credit Union, Choice First Bank, Sandia Area Federal Credit Union, OMB Bank, Minnequa Works Credit Union, Securityplus Federal Credit Union, Bank of South Texas, T Bank. Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide, and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD's minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000. Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. CME Group. "FedWatch Tool." Federal Reserve. "Open Market Operations." Federal Reserve. "Federal Reserve Issues FOMC Statement." Connexus Credit Union. "Connexus Membership." National Credit Union Administration. "Credit Union Details." FedChoice Federal Credit Union. "About FedChoice Federal Credit Union." Brilliant Bank. "About Brilliant Bank." National Credit Union Administration. "Credit Union Details." Northern Bank Direct. "Over 60 Years Helping Customers Meet Their Savings Goals." Federal Deposit Insurance Corp. "Northern Bank Direct." National Credit Union Administration. "Credit Union Details." Quorum Federal Credit Union. "Why Quorum?" National Credit Union Administration. "Credit Union Details." Sallie Mae Bank. "Our Story." Limelight Bank. "About." Bask Bank. "We're Bask Bank, and We Can Help You Make the Most of Your Money." CommunityWide Federal Credit Union. "Credit Union Profile Northern Indiana." LendingClub. "Contact Us." Colorado Federal Savings Bank. "About Us." U.S. Bureau of Labor Statistics. "Consumer Price Index—August 2024." Federal Reserve. "Monetary Policy." CME Group. "CME FedWatch Tool." FDIC. "Deposit Insurance." Related Terms Jumbo Certificate of Deposit (CD): What It Is, Pros and Cons A jumbo certificate of deposit (CD) is a type of savings account with higher balance requirements than a traditional CD. It generally pays a higher interest rate. What Is a Certificate of Deposit (CD)? Pros and Cons A certificate of deposit (CD) is a type of savings account offered by banks and credit unions. It pays a fixed interest rate for a set period of time. CD Ladder: What It Is and How to Build One A CD ladder is an investing strategy which you buy multiple certificates of deposit (CDs) with different maturity dates. Learn how to build a CD ladder. Deposit Interest Rate: Definition, Fixed Vs. Variable A deposit interest rate is the interest rate paid to deposit account holders for accounts like certificates of deposit (CD) and savings accounts. Sweep Accounts Definition: Types and How They Work A sweep account automatically transfers amounts over or below a certain level into a higher interest-earning investment option. Christmas Club: Overview, History, Example A Christmas club is a savings account to help people save for the holidays. Money is deposited throughout the year and withdrawn before the holidays.In the News
Best 18-Month CD Rates
Tip
Why You Can Trust Our Expert Recommendations for the Best 18-Month CD Rates
Connexus Credit Union – 5.00% APY
FedChoice Federal Credit Union – 4.90% APY
Brilliant Bank – 4.85% APY*
Genisys Credit Union – 4.84% APY
State Department Federal Credit Union – 4.78% APY
Northern Bank Direct – 4.75% APY
First Harvest Credit Union – 4.75% APY
Quorum Federal Credit Union – 4.75% APY
Technology Credit Union – 4.75% APY
Sallie Mae Bank – 4.75% APY
Limelight Bank – 4.75% APY
Bask Bank – 4.75% APY
CommunityWide Federal Credit Union – 4.75% APY
LendingClub – 4.75% APY
Colorado Federal Savings Bank – 4.75% APY
What Is an 18-Month CD and How Does It Work?
Fast Fact
Pros and Cons of 18-Month CDs
Pros
Cons
Important
Factors to Consider When Choosing a CD
18-Month CD Penalties and Fees
Hilarey Gould, Senior Editorial Director for Financial Products and Services at Investopedia
How to Find the Best 18-Month CD Rates
Note
How to Open an 18-Month CD
Compare the Best 18-Month CD Rates
Institution Rate (APY) Term Minimum Deposit Early Withdrawal Penalty Connexus Credit Union 5.00% 15 months $5,000 6 months of interest FedChoice Federal Credit Union 4.90% 15 months $500 4 months of interest Brilliant Bank 4.85% 15 months $1,000 Half the interest that would have been earned if held to maturity Genisys Credit Union 4.84% 19 months $500 6 months of interest State Department Federal Credit Union 4.78% 15 months $500 All earned interest up to 6 months Northern Bank Direct 4.75% 15 months $500 12 months of interest First Harvest Credit Union 4.75% 15 months $1,000 6 months of interest Quorum Federal Credit Union 4.75% 15 months $1,000 6 months of interest Technology Credit Union 4.75% 15 months $1,000 6 months of interest Sallie Mae Bank 4.75% 15 months $2,500 6 months of interest Limelight Bank 4.75% 18 months $1,000 3 months of interest Bask Bank 4.75% 18 months $1,000 6 months of interest CommunityWide Federal Credit Union 4.75% 18 months $1,000 Complex formula; exercise caution LendingClub 4.75% 18 months $2,500 All interest earned on amount withdrawn Colorado Federal Savings Bank 4.75% 18 months $5,000 6 months of interest Alternatives to 18-Month CDs
18-Month CDs vs. Other CD Terms
CDs vs. Savings and Money Market Accounts
CDs vs. US Savings Bonds & Treasuries
Account Aug. 30, 2024 Top Rate Pros Cons 18-Month CD 5.15% High rate for a long time Money is tied up for 1.5 years 6-Month CD 5.40% Higher interest rate Total earnings may be less than a longer CD Savings or Money Market Account 5.50% Flexibility to withdraw money at any time Variable interest rate can change at any time I Bond 4.28% Ability to earn interest for up to 30 years Rate changes every six months and may go down Where Are CD Rates Headed in 2024?
Frequently Asked Questions
What Are the Best CD Rates for 18 Months?
Is an 18-Month CD a Good Investment?
Do 18-Month CDs Beat Inflation?
When Is an 18-Month CD a Good Choice?
Are Online Bank CDs Safe?
Why Do Shorter CDs Sometimes Pay More Than Longer CDs?
How Do You Build a CD Ladder?
Can You Lose Money in a CD?
Financial Institutions We Reviewed
How We Find the Best 18-Month CD Rates
Your Guide to CDs
:max_bytes(150000):strip_icc()/Best18-MonthCDRates-6737e50e30144698a1d36393c30e9879.jpg "15 Best 18-Month CD Rates for September 2024 (Up to 5.00%) (1)")
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