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Online CD Rates 2022 – 18-Month CDs

Eighteen-month Certificates of Deposit (CD) rates from online banks are often well above average if you are willing to open and manage your account using the Internet. Most online banks offer an online application and money can be transferred to fund the CD via an electronic transfer, check, wire, or credit card. To view rates for other CD terms, click the tabs above.

Highest Eighteen-Month Online CD Rates - September 30, 2022

18 Month CD National Average: 0.46% ?

Advertiser Disclosure
BANK APY? MIN?

| Sep 24, 2022

Was going to open a savings acct ----- after reading the reviews, NO WAY. Don't make it difficult for customers, (or potential customers), to do business with you. Read More

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner

| Jun 23, 2022

ING was better. They were bought by CapitalOne and ever since, my rates have steadily dropped. Now that rates in general have been rising for months, mine has been flat at 0.30%. No sign of them going up, ... Read More

Early Withdrawal Penalty is 270 days interest.

| Apr 10, 2021

I opened an account a couple of years ago and had a dreadful experience. I saw two weeks ago that the rate was better than at Citizens so I closed that account for this one. I cannot access my money now or... Read More

| Sep 11, 2022

If I could leave a -10 star review I would do it in a. This is a classic example of a ridiculously unmanaged government program with zero oversight and zero sensibility. In April 2022 I applied for a st...

| May 2, 2022

Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi...

Department Of Commerce Federal Credit Union
Restrictions
3.10% $500 Learn More

Warning: Early Withdrawal Penalty is 2% of the account balance.

| Apr 12, 2021

Frustrating. The initial application form is a breeze. Then the problems start. Many hoops to jump through.

| Oct 19, 2018

Terrible Bank. Terrible Service. I tried to put a ton of money into a cd there. They rejected my application. Took them 6 days to tell me my money was no good. WTF? WORST Service EVER!

| Jun 25, 2022

I've been in and out of igo. I usually carry a large balance when they are rate competitive (half the time) and move by money somewhere else when they aren't (the other half). The $3,000 transfer limit is ... Read More

Early Withdrawal Penalty is 180 days.

| Apr 22, 2015

Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do no...

| Aug 6, 2022

The idea that they aren't competing is wrong. They'll give you 1% more on your savings if you run around promoting their brand and get a friend to sign up. Great marketing scheme actually, since those so i... Read More

Early Withdrawal Penalty is all interest earned.

| Mar 30, 2021

These guys are the best local bank. Very responsive.

| Sep 14, 2020

two thumbs up Read More

| Jul 1, 2022

Very easy opening process and wonderful staff.

| May 19, 2022

I was a long time customer. I took balances down below $200 in 2020 in order to buy a house during pandemic. I had always planned to deposit again in a rising rate environment. I logged back on today and ... Read More

Available in all states except MA/RI.

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

| Jun 13, 2022

3 days for an ach is not market when most banks on this list do it instantly. even frigging rising bank. customer service is beyond dreadful. Read More

| Sep 20, 2022

Prime Alliance Bank has a single branch (outside Salt Lake City) and does an excellent job with distance banking (we are based in Washington state). It stands out in several ways: (1) Interfacing with the...

| Jul 15, 2021

I finally closed my account. Was great back in the day as everbank but now it is a joke in every way. Read More

| Aug 16, 2022

ally is still the gold standard in online banking, but the rate needs to get more competitive and the wait to speak to someone on the phone is just ridiculous. Read More

| Sep 1, 2022

awful POS. Sucks. Bad. crappy. Read More

| Sep 30, 2022

I have been a customer for 34 years. But I have been dismayed by NFCUs slow responsiveness to be competitive in the market place with savings rates and to offer the best rates in the market. All I see is...

| Sep 23, 2022

I know that the bank is supposedly FDIC insured but the entire soft money lending thing upon which this business is predicated is about to go go under so look out below!

One-time bump CD.

| Aug 26, 2022

Too slow to raise rates. Read More

Warning: Early withdrawal penalty is 2% of principal

| Sep 6, 2019

Went to bank yesterday this is not a good rate. Needs to be updated. Read More

| Aug 31, 2022

never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here. Read More

| Mar 4, 2021

They are liers. Please don't open their credit cards to avoid being taking advantage of!!! I hope they bankrupt SOOOOOON. Read More

| Jun 25, 2020

Nope. As with the CIT quote 1.25% APY is a bit optimistic. Banesco's site offers .90%.

Warning: Early Withdrawal Penalty is 12 months of interest

| Jun 20, 2018

Their website says the offer is going away tomorrow at 9AM EST. Hurry! Read More

OneWest Bank, a division of First-Citizens Bank and Trust
0.40% $1,000 Learn More
Home Savings Bank
0.40% $5,000 Learn More

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

| Jul 3, 2019

Just set up an account. Don't know long term yet, however they were (Kelsey) a dream to work with.

| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

| Aug 7, 2020

Had a car loan with them. Paid it off because I was selling the vehicle. They told me it would take 10 business days to clear the transaction (it was immediate via electronic) and was out of my account th... Read More

Ohio Catholic Fcu Federal Credit Union
Restrictions
0.15% $25,000 Learn More
Ohio Catholic Fcu Federal Credit Union
Restrictions
0.10% $500 Learn More

| Aug 8, 2022

Left USAA after 30 years and never looked back. The rates were high and the claims problems were horrible once a major claim hit (my first and only one). Much happier since leaving USAA (and there rigid, u... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

PRODUCT INFORMATION

18 Month CDs - Online Banks 2022

Eighteen-month CDs are offered by many online banks. They are a medium-term CD product that often provide a slightly higher yield than a 12-month CD in return for the extra six months of commitment to keep the money on deposit at the issuing bank. All eighteen-month CDs offered by online banks on BestCashCow are FDIC insured.

Opening an eighteen-month CD online is an easy process. Applications generally take between 10-15 minutes to complete. Funding the CD can usually be done electronically by making a ACH transfer from a checking or savings account to the bank opening the CD. The CD rate is usually locked once the application has been received and approved. Funds transfers can take between 1-5 days depending on the process used by the opening bank.

In some cases, branch-based banks and credit unions will offer higher rates on 18-month CDs than online banks. You should check the rates available in your area using the tabs above.

Jumbo CDs refer to those CDs with minimum deposits of $100,000. While some banks still reserve their best CD rates for those customers opening jumbo products with deposits of $100,000 or more, the table above indicates that many online banks now offer their highest yielding CD rates to those depositing much less.

The advantages of an eighteen month online CD are:

  • 18-month CDs offer a higher rate than 12-month CDs in return for leaving the money in the bank longer.
  • A fixed rate during the 18 month period.
  • FDIC insurance.
  • Convenience of opening and managing the CD without needed to visit a local branch.

The disadvantages of an eighteen month online CD are:

  • Rates are generally not significantly higher than the top online savings and money market accounts, and may not compensate you adequately for your loss of liquidity.
  • Money is tied up for 18 months. It may not always be possible to remove your money early, and, where possible, removing it early may result in penalties and the penalties may be significant (including a loss of principal).

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.