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Best 18-month CD rates for February 2024

Best available rates across different account types for Wednesday, February 21, 2024

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Current savings trends
Bankrate Partner average
4.69% APY
National average
0.58% APY

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Bankrate’s picks for the top 18-month CD rates

Note: Annual percentage yields (APYs) shown are as of Feb. 21, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

Alliant Credit Union

Alliant Credit Union_logo
Rating: 4.7 stars out of 5
4.7

Overview

Alliant Credit Union was founded in 1935 as the United Airlines Employees’ Credit Union. It is one of the largest credit unions in Illinois and has 600,000 members nationwide.

Alliant offers six terms of CDs with competitive APYs and a reasonable minimum deposit requirement. It also offers IRA CDs, a high-yield savings account and a high-yield checking account.
Invest Rate
5.15% APY
Loan
$1,000 minimum deposit

TAB Bank

TAB Bank_logo
Rating: 4.6 stars out of 5
4.6

Overview

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 couple of savings account options, a money market account and CDs in eight terms, from six months to five years.
Invest Rate
5.13% APY
Loan
$1,000 minimum deposit

First Internet Bank of Indiana

First Internet Bank of Indiana_logo
Rating: 4.6 stars out of 5
4.6

Overview

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.
Invest Rate
5.07% APY
Loan
$1,000 minimum deposit

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

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 High-Rise savings account offers a competitive yield and requires a $5,000 minimum deposit. All Popular Direct deposit accounts are opened through Popular Bank.
Invest Rate
5.06% APY
Loan
$10,000 minimum deposit

LendingClub Bank

LendingClub Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

LendingClub is an online bank that offers six terms of CDs ranging from six months to five years. A $2,500 minimum deposit is required.

In addition to CDs, LendingClub offers a high-yield savings account and a rewards checking account.
Invest Rate
5.00% APY
Loan
$2,500 minimum deposit

CIBC Bank USA

CIBC Bank USA_logo
Rating: 4.5 stars out of 5
4.5

Overview

CIBC Bank USA, formerly The PrivateBank and Trust Co., was founded in 1991 and is based in Chicago. It was rebranded as CIBC Bank USA.

CIBC has 12 CD terms, ranging from 30 days to five years. The minimum deposit to open a CD is $1,000. Also offered are a savings account, a money market account and three checking accounts.
Invest Rate
4.90% APY
Loan
$1,000 minimum deposit

Limelight Bank

Limelight Bank_logo
Rating: 3.9 stars out of 5
3.9

Overview

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.
Invest Rate
4.90% APY
Loan
$1,000 minimum deposit

Live Oak Bank

Live Oak Bank_logo
Rating: 4.4 stars out of 5
4.4

Overview

Live Oak Bank offers seven terms of CDs, from six 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.