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Best 18-month CD rates for February 2025

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Deciding where to stick your savings can be tricky. An 18-month CD offers the best of both worlds: a higher yield than a standard savings account and a relatively brief term. An 18-month CD might be a suitable term for saving for a down payment on a house or a new car.

Current 18-month CD trends Caret Up Icon Caret Down Icon

Bankrate Partner average
3.78% APY
National average
2.12% APY
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Bankrate’s picks for the top 18-month CD rates

TAB Bank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score
  • Annual percentage yield

    4.16%
  • Min. deposit to open

    $1,000

Why TAB Bank?

TAB Bank was established in 1998 in Ogden, Utah, as a banking service inside truck stops. TAB (Transportation Alliance Bank) serves businesses and individual customers. It offers several checking accounts, a savings account, a money market account and CDs in six terms, from 12 months to five years.

SchoolsFirst Federal Credit Union

Rating: 4.5 stars out of 5
4.5 Bankrate CD score
  • Annual percentage yield

    4.15%
  • Min. deposit to open

    $500

Why SchoolsFirst Federal Credit Union?

SchoolsFirst serves the education community in California. Certain school employees, certain retired school employees and immediate family members of SchoolsFirst Federal Credit Union members are eligible to join. SchoolsFirst offers CDs ranging from 30 days to five years. To open a CD, a $500 minimum deposit is required. If you put in more money you may be rewarded with a higher APY, as SchoolsFirst has five rate tiers: $500, $20,000, $50,000, $100,000 and $250,000.

Marcus by Goldman Sachs

Rating: 4.9 stars out of 5
4.9 Bankrate CD score
  • Annual percentage yield

    4.10%
  • Min. deposit to open

    $500

Why Marcus by Goldman Sachs?

Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA. The online bank has a variety of CDs. This includes nine standard CDs in terms ranging from six months to six years, three no-penalty CDs and a Rate Bump CD. Marcus by Goldman Sachs offers competitive yields on its CDs and high-yield savings account.

America First Credit Union

Rating: 5 stars out of 5
5.0 Bankrate CD score
  • Annual percentage yield

    4.10%
  • Min. deposit to open

    $500

Why America First Credit Union?

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500. It also offers a variety of checking and savings accounts.

Popular Direct

Rating: 4 stars out of 5
4.0 Bankrate CD score
  • Annual percentage yield

    4.10%
  • Min. deposit to open

    $10,000

Why Popular Direct?

Popular Direct CDs are for established savers, since the CDs have a $10,000 minimum deposit requirement. The CDs come in eight fixed terms, ranging from three months to five years. Popular Direct’s Select Savings account offers a competitive yield and requires a $100 minimum deposit. All Popular Direct deposit accounts are opened through Popular Bank.

Discover Bank

Rating: 4.5 stars out of 5
4.5 Bankrate CD score
  • Annual percentage yield

    4.00%
  • Min. deposit to open

    $0

Why Discover Bank?

Discover® Bank may be known for its credit cards, but it also offers a wide selection of banking products. It has been offering deposit products online since 2007. Discover® Bank offers CDs ranging in terms from three months to 10 years. It also offers checking, money market and savings accounts.

First Internet Bank of Indiana

Rating: 4.1 stars out of 5
4.1 Bankrate CD score
  • Annual percentage yield

    4.00%
  • Min. deposit to open

    $1,000

Why First Internet Bank of Indiana?

First Internet Bank of Indiana is an FDIC-insured financial institution that operates online and has no branches. It opened in 1999 and offers products in all 50 states. First Internet Bank offers eight terms of CDs, a money market savings account with a competitive yield, a savings account and two checking accounts.

Bask Bank

Rating: 4.5 stars out of 5
4.5 Bankrate CD score
  • Annual percentage yield

    4.00%
  • Min. deposit to open

    $1,000

Why Bask Bank?

Bask Bank offers six CD terms ranging from three months to two years. The bank also offers a savings account with a competitive APY and another savings account that earns American Airlines miles. Bask Bank has been around since 2020 and is a division of Texas Capital Bank.

Limelight Bank

Rating: 4.4 stars out of 5
4.4 Bankrate CD score
  • Annual percentage yield

    4.00%
  • Min. deposit to open

    $1,000

Why Limelight Bank?

Limelight Bank is an online-only bank that’s a division of Capital Community Bank. It’s known for supporting eco-friendly causes such as solar initiatives. The bank offers four CD terms ranging from six months to three years. A minimum deposit of $1,000 is required. Limelight doesn’t offer any types of bank accounts other than CDs.

Live Oak Bank

Rating: 3.9 stars out of 5
3.9 Bankrate CD score
  • Annual percentage yield

    4.00%
  • Min. deposit to open

    $2,500

Why Live Oak Bank?

Live Oak Bank offers nine terms of CDs, from three months to five years. All CDs have a $2,500 minimum deposit requirement. Live Oak Bank also offers an online savings account, which doesn’t have a minimum balance requirement.

Vio Bank

Rating: 4.2 stars out of 5
4.2 Bankrate CD score
  • Annual percentage yield

    3.95%
  • Min. deposit to open

    $500

Why Vio Bank?

Vio Bank offers traditional CDs with terms ranging from six months to 10 years, an extensive variety compared to some other banks. The minimum deposit for each account is relatively low at $500. CDs automatically renew once they mature following a 10 day grace period. Yields are competitive for all CDs, but Vio’s highest APYs are for CDs with terms of three years or less.

What is an 18-month CD?

Long-term CDs offer a predictable, stable return, which can anchor a diversified investment portfolio, particularly for risk-averse investors. They act as a safe haven, balancing out more volatile investments while ensuring your funds are FDIC insured, up to the coverage limits.
Bankrate logo Harmon Kong, CFP, AIF, chief wealth manager and co-founder of Apriem Advisors

How to find the best 18-month CD rates