Top 10 High-Yield Certificate of Deposit (CD) Offers of 2018

Top 10 High-Interest CD Promotions of 2018

A certificate of deposit (CD) is a secure savings product that offers fixed interest over a specified period. Similar to a savings account but with typically higher rates, CDs are available in various amounts and have set maturity dates. Comparing current rates before selecting a bank or credit union can maximize earnings. Here are the 10 best CD deals from 2018:

Marcus by Goldman Sachs®
An online bank offering a 1-year CD with a 2.55% APY and a 5-year CD with a 3.10% APY.

Minimum deposit is $500.

Citizens Access
This digital arm of Citizens Bank provides a 1-year CD at 2.50% APY and a 5-year CD at 3.10%, with a minimum of $5,000 deposit.

Capital One 360
Offers a 1-year CD at 2.50% APY and a 5-year at 3%, with no minimum deposit required.

Synchrony Bank
An online bank with a 1-year CD at 2.45% and a 5-year option at 3%, requiring a $2000 minimum deposit.

PenFed Credit Union
Competitive rates with a $1000 minimum deposit; 2.45% for one year, 3% for five years.

Barclays
Offers a 1-year CD at 2.45% and a 5-year online-only at 3%, with no minimum deposit.

TIAA Bank
Recognized for strong rates, with a 5-year at 3.05% and a 1-year at 1.65%; minimum deposit of $5000.

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

Ally Bank
An all-online bank offering 2.25% for one year and 2.75% for five; higher deposits may secure better rates.

CIT Bank
Minimum deposit of $1000 with a 1-year CD earning 2.20% APY.

Comparing these rates is crucial for making a smart investment. Although rates fluctuate, short-term CDs often provide better liquidity and comparable returns compared to longer-term options.