bank rates

Where to find the best 18-month CDs

Shop around and you can earn more than the national average of 2% on an 18-month certificate of deposit.

These top-paying CDs are available nationwide with a $500 minimum deposit:

2.79% APY from Northeast Community Bank, which has branches in New York City.

2.71% APY from State Farm Bank, which is part of the insurance company. (You can buy one of these CDs from a participating agent.)

2.70% APY from GMAC Bank, an online bank run by the auto financing company.

Want to keep your money closer to home?

You can often find deals that are just as good — sometimes even better — at credit unions and community banks that only accept deposits from members or local customers.

Here are a few examples:

The USSCO Federal Credit Union is paying 3.33% APY, with a $2,500 minimum deposit, to the employees of 200 companies in the Johnstown, Pa., area.

First DuPage Bank, is paying 2.70% APY with a $5,000 minimum in Chicago’s southwest suburbs.

Bank of Lake Mills is paying 2.60% APY with a minimum deposit of $500 at its single branch in this small town east of Madison, Wisc.

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