Highest 18 Month CD Rates: Best APY 1.40%

If you're searching for 18 month CD rates look no further. We have complied a list of the best 18 month rates using our CD interest rate tables. Right now on our 18 month list, the highest rate is 1.39% and the highest APY is 1.40%. Nationwide Bank and Tennessee Commerce Bank are both offering that rate and yield. A 1.39% rate is  more than double the current national average rate of only 0.62 percent as reported by MonitorBankRates.com

Other banks on our list of 18 month rates include Everbank with a rate of 1.36% and an APY of 1.37%. You may not have heard of Everbank - they are a medium size bank headquartered in Jacksonville, Florida with almost $12 billion in assets. The bank's deposits are insured by the FDIC for up to $250,000 per depositor.

Ally Bank also has one of the best rates on our 18 month list. Ally Bank's 18 month certificate of deposit rate is 1.33% with an APY of 1.34%. Ally Bank is a relatively large bank and used to be known as GMAC Automotive Bank.

Rounding out our top 5 rates on our 18 month list is Discover Bank. The bank is offering 18 month rates at 1.29% with an APY of 1.3o%.