Best 18-Month CD Rates in Virginia, VA

You are viewing rates from banks across Virginia

Below are eighteen-month Certificates of Deposit (CD) rates from banks in Virginia . Eighteen Month CDs offer a bit more yield than 1-year CDs but require a longer time-commitment. Like any CD, you should consider the trade-off between the difference in yield and the required time commitment. If an 18 month CD pays significantly above the yield of a 12-month CD, it may be worth opening.

VA - November 4, 2024

18 Month CD National Average : 0.58% ^?

Banks	APY	MIN	MILES ^?
Banesco USA	3.90%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 0.50% → 4.50% → 4.30% → 4.20% → 3.90%
Dkplan \| Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More Reviews (8)
Capital One, National Association	3.90%	$0	-	Learn More
Rate History: 4.70% → 4.50% → 4.45% → 4.25% → 3.90%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
The Farmers Bank of Appomattox	3.30% 2.75%	$10,000 $1,000	-	Learn More Add Review
Rate History: 1.00% → 3.65% → 3.30%
USAA Federal Savings Bank	2.80%	$1,000	-	Learn More
Rate History: 5.25% → 4.65% → 4.20% → 4.05% → 2.80%
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Citibank, National Association	2.45%	$0	-	Learn More
Rate History: 2.50% → 2.00% → 3.75% → 2.45%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
JPMorgan Chase Bank, National Association	2.00%	$10,000	-	Learn More
Rate History: 3.00% → 2.50% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
United Bank	1.80%	$500	-	Learn More
Jimleestro \| Apr 12, 2019 United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More Reviews (1)
Hingham Institution for Savings	1.75%	$1,000	-	Learn More Add Review
TD Bank, National Association	1.00%	$10,000	-	Learn More
Rate History: 4.50% → 1.00% → 4.00% → 1.00%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Fulton Bank, National Association	0.95%	$1,000	-	Learn More Add Review
Powell Valley National Bank	0.90%	$10,000	-	Learn More Add Review
FVCbank	0.85%	$10,000	-	Learn More Add Review
John Marshall Bank	0.70%	$10,000	-	Learn More Add Review
Bank of Botetourt	0.70%	$10,000	-	Learn More
GLENN HILL \| Mar 31, 2018 I have banked with Bank of Botetourt since 1960 when it was Bank of Troutville that later merged with Bank of Buchanan before becoming the Bank of Botetourt. An excellent bank with knowledgeable, helpful ... Read More Reviews (1)
Lee Bank and Trust Company	0.70%	$10,000	-	Learn More Add Review
The Freedom Bank of Virginia	0.65%	$10,000	-	Learn More Add Review
Hanmi Bank	0.65%	$100,000	-	Learn More Add Review
Highlands Community Bank	0.65%	$10,000	-	Learn More Add Review
Bank of Charles Town	0.60%	$10,000	-	Learn More Add Review
The Old Point National Bank of Phoebus	0.55%	$100,000	-	Learn More Add Review
Hanmi Bank	0.50%	$10,000	-	Learn More Add Review
Village Bank	0.50%	$10,000	-	Learn More Add Review
VCC Bank	0.50%	$10,000	-	Learn More Add Review
New Peoples Bank, Inc.	0.50%	$100,000	-	Learn More Add Review
First Sentinel Bank	0.45%	$10,000	-	Learn More Add Review
Chesapeake Bank	0.45%	$10,000	-	Learn More
Gripp13 \| Jan 27, 2023 The worst bank I have ever had Read More Reviews (1)
First National Bank	0.45%	$10,000	-	Learn More Add Review
SKYLINE NATIONAL BANK	0.40%	$1,000	-	Learn More Add Review
Oak View National Bank	0.40%	$10,000	-	Learn More Add Review
Burke & Herbert Bank & Trust Company	0.40%	$10,000	-	Learn More Add Review
EagleBank	0.40%	$10,000	-	Learn More Add Review
The Old Point National Bank of Phoebus	0.40%	$10,000	-	Learn More Add Review
CornerStone Bank, National Association	0.40%	$10,000	-	Learn More Add Review
New Peoples Bank, Inc.	0.40%	$10,000	-	Learn More Add Review
Armed Forces Bank, National Association	0.35%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Blue Ridge Bank, National Association	0.35%	$10,000	-	Learn More
Jack \| Jul 20, 2020 This bank is very bad. I am posting my story here now, hoping to make a reference for those friends who want to become their customers. I was very excited when I saw Blue Ridge Bank, N.A. on Google beca... Read More Reviews (1)
Pendleton Community Bank, Inc.	0.35%	$10,000	-	Learn More Add Review
The Blue Grass Valley Bank	0.35%	$10,000	-	Learn More Add Review
Touchstone Bank	0.35%	$10,000	-	Learn More
wallerjm \| Jul 22, 2022 I would never do business with a bank whose Vice Chairman Board of Directors, Norman Wagstaff, is the kind of right-wing nutjob that has done so much damage to our country. Read More Reviews (1)
Farmers and Miners Bank	0.35%	$100,000	-	Learn More Add Review
Metro City Bank	0.33%	$1,000	-	Learn More
thedon \| Mar 29, 2020 have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More Reviews (1)
Legacy Bank	0.31%	$500	-	Learn More Add Review
Shore United Bank	0.30%	$500	-	Learn More Add Review
The First Bank and Trust Company	0.30%	$10,000	-	Learn More Add Review
Carter Bank & Trust	0.30%	$10,000	-	Learn More
Tom Brandy \| Aug 5, 2020 How Willian Investments Company Brought Happiness To My Home. Hello Everyone out there! My name is Tom Brandy, from USA, I am using this medium to announce to the general public on how Willian Investmen... Read More Reviews (1)
Citizens and Farmers Bank	0.30%	$10,000	-	Learn More Add Review
Farmers and Miners Bank	0.30%	$10,000	-	Learn More Add Review
Pinnacle Bank	0.30%	$10,000	-	Learn More
jchitt@comcast.nrt \| Mar 5, 2019 Pinnacle has not had a 3% CD since Oct of 2018. Read More Reviews (3)
The National Bank of Blacksburg	0.26%	$500	-	Learn More Add Review
TruPoint Bank	0.25%	$1,000	-	Learn More Add Review
Sandy Spring Bank	0.25%	$10,000	-	Learn More
boon \| Oct 11, 2017 special; 14 MO CD 1.20% Read More Reviews (1)
MVB Bank, Inc	0.25%	$10,000	-	Learn More Add Review
Farmers & Merchants Bank	0.25%	$10,000	-	Learn More Add Review
Citizens Bank and Trust Company	0.25%	$1,000	-	Learn More Add Review
The Bank of Southside Virginia	0.25%	$10,000	-	Learn More Add Review
First Bank	0.23%	$500	-	Learn More Add Review
Bank of the James	0.20%	$10,000	-	Learn More Add Review
Towne Bank	0.15%	$10,000	-	Learn More Add Review
Old Dominion National Bank	0.15%	$10,000	-	Learn More Add Review
The Bank of Marion	0.15%	$10,000	-	Learn More Add Review
Southern Bank and Trust Company	0.15%	$100,000	-	Learn More Add Review
First Community Bank	0.13%	$10,000	-	Learn More Add Review
Pioneer Bank	0.12%	$10,000	-	Learn More
Charla M \| Jan 12, 2021 We are a commercial customer that have been with Pioneer Bank since 2014 when they were privately held in Dripping Springs. Since they were sold we have been through 3 bank managers and the Manager servic... Read More Reviews (1)
The Fidelity Bank	0.10%	$10,000	-	Learn More Add Review
Southern Bank and Trust Company	0.10%	$10,000	-	Learn More Add Review
Chain Bridge Bank, National Association	0.07%	$10,000	-	Learn More Add Review
KeyBank National Association	0.05%	$10,000	-	Learn More
Rate History: 4.75% → 0.01% → 0.05%
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association	0.03%	$100,000	-	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)
First-Citizens Bank & Trust Company	0.02%	$500	-	Learn More
Rate History: 0.10% → 0.02% → 0.10% → 0.02%
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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PRODUCT INFORMATION

18 Month CDs - Branch Banks 2024

Banks offer a range of Certificates of Deposit (CD) with 18 month CDs being a popular term. An eighteen month CD obligates the holder to keep their money in the bank for eighteen months in return for a fixed rate of interest during that time period. All eighteen month bank CDs shown on BestCashCow are FDIC insured.

Eighteen month CDs can be opened in almost any bank branch as the are a mainstay of bank deposit products.

The advantages of an eighteen month CD are:

A slightly higher rate than 12 month CDs in return for leaving the money in the bank longer.
A fixed rate during the 18 month period.
FDIC insurance.
Convenience of opening and managing the CD at a local branch.

The disadvantages of an eighteen month branch CDs are:

Rates are generally lower than on the top online savings and CD accounts.
Money is tied up for 18 months. Removing it early results in significant penalties.
Opening in a branch requires a personal visit.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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Virginia CD Rates – 18-Month

PRODUCT INFORMATION

18 Month CDs - Branch Banks 2024

The advantages of an eighteen month CD are:

The disadvantages of an eighteen month branch CDs are:

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