Best 18-month CD rates for June 2022

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For savings you won’t need to access in the short term, certificates of deposit or CDs are a safe and reliable way to earn more interest than you would get with a standard savings account. Below are the best Certificate of Deposit rates available from our partners, followed by a ranking of the highest 18 month CD rates available to consumers nationwide.


Based on daily tracking of rate data from approximately 200 banks and credit unions that offer certificate products nationwide, we continuously rank the highest paying CDs with tenors of approximately 18 months (this includes maturities ranging from 15 to 20 months). The minimum deposit cannot exceed $25,000, and only federally insured institutions (by the Federal Deposit Insurance Corporation for banks or the National Credit Union Administration for credit unions) are eligible for our list.

When multiple institutions pay the same maximum rate, our ranking prioritizes the CDs by the shortest duration, then the CD requiring the smallest minimum deposit. If there is still a tie, we then rank the CD that has the lightest early withdrawal penalty.

Best CD rates 18 months:

  • Merrick Bank: 2.15% APY
  • Domestic Federal Credit Union: 2.07% ABS
  • PenFed Credit Union: 2.05% APY
  • CFG Bank: 2.02% ABS
  • MYSB Direct: 2.02% ABS
  • UNIFY Financial Credit Union: 2.00% APY
  • NASA Federal Credit Union: 2.00% APY
  • Alliant Credit Union: 2.00% APY
  • Crescent Bank: 2.00% APY
  • Limelight Bank: 2.00% APY
  • Bank TAB: 2.00% APY
  • Living Oak Bank: 2.00% APY
  • Popular direct: 2.00% APY
  • Allied bank: 2.00% APY
  • US Alliance Federal Credit Union: 1.95% APY

Detailed information on these highest paying 18 month CDs available nationwide is provided below, including details on minimum deposits and early withdrawal penalties. For credit union CDs, information is also provided on how to easily join the credit unions that offer them.

Jack L. Goldstein