An overview of the top 10 high-yield CD rates in 2018, highlighting competitive interest rates from various banks and credit unions. This guide helps investors compare options, understand minimum deposits, and choose the best short- and long-term certificates of deposit to maximize savings. Stay informed with the latest CD rates to make smarter investment choices and secure better returns on your savings. Always review current rates and terms before investing.

Review of the Leading 10 Best CD Rates in 2018

A certificate of deposit (CD) is a secure savings option that guarantees fixed interest over a predetermined period, resembling a traditional savings account. It enables investors to earn interest with minimal risk, offering various denominations, fixed maturity dates, and rates. Comparing current CD interest rates before investing is crucial to maximize returns. Below are the top ten most competitive CD rates from 2018.

Marcus by Goldman Sachs
This online bank offers a 1-year CD at 2.55% APY and a 5-year CD at 3.10% APY.

The minimum deposit requirement is $500.

Citizens Access
An online branch of Citizens Bank, offering 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
This bank provides a 1-year CD at 2.50% APY and a 5-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 at least $2000 as a minimum deposit.

PenFed Credit Union
With attractive rates, it demands a minimum deposit of $1000. The 1-year CD yields 2.45%, and the 5-year option offers 3%.

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

TIAA Bank
Known for top CD offerings, it features a 5-year CD at 3.05% APY and a 1-year CD at 1.65%, needing $5000 for investment.

Connexus Credit Union
Provides a 2.50% rate for one year and 3.25% for five years, with a $5000 minimum deposit.

Ally Bank
An online-only bank offering 2.25% on a one-year CD and 2.75% on a five-year CD, potentially earning higher yields with larger deposits.

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

Always compare rates carefully before investing. Although interest rates vary, current data indicates shorter-term CDs provide higher liquidity and competitive returns compared to longer-term options.

Note:

The data includes research, market insights, and expert advice. Interest rates and terms may differ among institutions and are subject to change. Consult a financial advisor before making investment decisions, as market conditions influence data accuracy over time.