Deciding where to stick your savings is tricky.

Savings and money market accounts are highly liquid but usually offer a low rate of return.

Long-term CDs offer better rates. But unless you’re willing to pay a premium for withdrawing your funds early, they’ll be locked in for years. During a period when rates are rising, that could put you at a disadvantage.

An 18-month CD offers the best of both worlds: a higher yield than a standard savings account and a low level of commitment. Here are Bankrate’s picks for the top nationally available 18-month CD rates:

Top nationally available 18-month CD rates
Institution APY Minimum deposit
CD Bank 3.00% $10,000
USALLIANCE Financial 3.00% $500
Limelight Bank 2.95% $1,000
Partner Colorado Credit Union 2.90% $500
Banesco USA 2.90% $1,500

Today’s top nationally available 18-month CDs pay 3.00 percent APY. This may be a good place to invest money for short-term financial obligations, like saving up for a down payment on a house.

Finding the best 18-month CD rates

Finding the best 18-month CD may take some time. Besides the interest rate, you’ll need to compare early withdrawal penalties and minimum deposit requirements. Find out whether you’ll be responsible for any fees.

Here are the top nationally available 18-month CD rates. Compare these offers, then calculate how much interest you would earn when your CD matures.

Top account details

  • CDBank.com is an online division of TBK Bank. It launched in May 2017 and is based in Dallas, Texas. TBK Bank earned four out of five stars in the latest review of its financial health.
  • USALLIANCE Financial is based in Rye, New York. It has branches in several states and more than 110,000 members around the globe. It earned four out of five stars in Bankrate’s latest review of its financial health.
  • Limelight Bank is an online bank headquartered in Provo, Utah. It prides itself on being eco-friendly and uses deposits from its customers to make loans for solar energy projects. Deposits are federally insured through Capital Community Bank, which earned five out of five stars in Bankrate’s latest review of its review of its financial health.
  • Partner Colorado Credit Union was founded in 1931 (originally as Denver Postal Credit Union) and is based in Arvada, Colorado. Anyone making a $5 donation to Partner Colorado Foundation when opening an account can become a member. The credit union received four out of five stars in Bankrate’s latest review of its financial health.
  • Banesco USA is a subsidiary of Banesco Banco Universal, the largest bank in Venezuela. In Bankrate’s latest review of its financial health, Banesco USA earned four out of five stars.

An 18-month CD is a low-risk investment. But before you purchase one, it’s important to know what you’re getting yourself into.

Ask if you’ll have to maintain a certain balance to earn the annual percentage yield. While you’re at it, find out how often you’ll receive the interest you’re earning from your bank or credit union. That way, it’ll be easier to hit your savings target or another financial goal.