If you’re looking to earn some extra cash with your savings, a certificate of deposit (CD) may be the perfect option for you. CDs are a low-risk investment strategy that offers guaranteed returns over a fixed period of time. In this article, we will explore the best 18-month CD rates available in June 2023, offering you the opportunity to earn up to 5.25% on your investment.
1. Bank of America – Bank of America is offering an impressive 5.25% APY on its 18-month CD. With a minimum deposit of $10,000, you can start earning high interest on your savings while ensuring the safety of your investment with a trusted institution like Bank of America.
2. Discover Bank – Discover Bank is known for its competitive CD rates, and for June 2023, they are offering an APY of 5.20% on their 18-month CD. With no minimum deposit requirement, Discover Bank provides accessibility to investors of all levels.
3. Capital One – Capital One is another reputable institution that offers attractive CD rates. Currently, they are offering an 18-month CD with an APY of 5.15%. With a minimum deposit of $5,000, you can start growing your savings with Capital One’s competitive rates.
4. Ally Bank – Ally Bank is a popular online bank known for its competitive rates. In June 2023, they are offering an 18-month CD with an APY of 5.10%. Ally Bank also has no minimum deposit requirement, making it an accessible option for all investors.
5. Citibank – Citibank is a well-established and trusted bank that offers a competitive 18-month CD rate of 5.05% APY. With a minimum deposit of $500, Citibank allows you to start earning high interest on your investment while providing peace of mind with its robust security measures.
These are just a few of the best 18-month CD rates available in June 2023. It is essential to do your research and compare rates from different banks to find the best option that suits your needs and financial goals. Remember to consider factors such as minimum deposit requirements, fees, and the bank’s reputation before making a decision.
It’s important to note that CD rates are subject to change, and the rates mentioned in this article are accurate as of June 2023. Be sure to check with the institution for the most up-to-date rates before making your investment.
Investing in an 18-month CD can be a smart move, as it offers a guaranteed return on your investment and allows your savings to grow. Consider these top CD rates and start earning up to 5.25% on your savings today.