Top 10 High-Yield Certificate of Deposit Rates for 2018

Explore the top 10 highest CD rates of 2018 from leading banks and credit unions. This guide compares interest rates, minimum deposits, and term lengths, helping you choose the best fixed-rate deposit for your savings goals. Whether you're seeking short-term liquidity or long-term growth, understanding current CD offerings ensures smarter financial decisions. Always verify rates before investing, as they fluctuate over time. Gain insights to maximize returns safely with this comprehensive overview of the best CD options in 2018.

Comparison of the Top 10 Highest CD Rates in 2018

A certificate of deposit (CD) is a low-risk savings tool that offers fixed interest over a set period, similar to a traditional savings account. It allows investors to earn interest with minimal risk, with varying denominations, fixed maturity dates, and interest rates. Comparing current CD rates before investing is essential to maximize earnings. Below are the ten most competitive CD rates from 2018.

Marcus by Goldman Sachs
This digital bank provides a one-year CD with a 2.55% APY and a five-year CD offering a 3.10% APY.

The minimum deposit is $500.

Citizens Access
An online-only division of Citizens Bank, it offers a 1-year CD at 2.50% APY and a 5-year CD at 3.10%, with a minimum deposit of $5,000.

Capital One 360
The bank features a one-year CD at 2.50% APY and a five-year CD at 3%, with no minimum deposit required.

Synchrony Bank
An online institution offering a 1-year CD at 2.45% APY and a 5-year CD at 3%, requiring a $2000 minimum deposit.

PenFed Credit Union
With competitive rates, it has a minimum deposit of $1000. The one-year CD yields 2.45%, while the five-year option provides 3%.

Barclays
An online bank with a 1-year CD at 2.45% APY and a 5-year CD at 3%, with no minimum deposit.

TIAA Bank
Recognized among the top CD providers, it offers a 5-year CD at 3.05% APY and a 1-year CD at 1.65%, requiring a $5000 deposit.

Connexus Credit Union
Offers a 2.50% rate for 1 year and 3.25% for 5 years, with a $5000 minimum deposit.

Ally Bank
An online-only bank providing 2.25% for one year and 2.75% for five years, with higher deposit amounts potentially earning better APYs.

CIT Bank
Requires a $1000 minimum deposit, giving 2.20% APY on a 1-year CD.

Before investing, compare rates carefully. Although rates fluctuate, current data suggests shorter-term CDs offer higher liquidity and competitive returns compared to longer-term options.

Note:

The information presented is compiled from research, market data, and expert opinions. Rates and terms vary among financial institutions and change over time. Always consult a financial advisor before making investment decisions, as data accuracy may evolve with market conditions.