18 Month IRA Rates

Compare rates on 18 month IRAs from banks and credit unions. Use the filter box below to customize your results. Click here to learn more about 18-month IRA CDs and how they can be a beneficial tool in your retirement strategy.

Location
Deposit Amount
Filters
Institution
APY
Service Charge
Min. to Earn
Min. Deposit
Global Credit Union (AK)
NCUA Insured
12 - 17 Month Tax-Deferred IRA
4.8 Our Rating
5.00%
$500
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12 - 17 Month Tax-Deferred IRA
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4.8 Our Rating NCUA Insured
APY
5.00%
Service Charge
Minimum to Earn $500
Minimum Deposit
Lindell Bank & Trust Company
Member FDIC
18 Month Variable IRA Special
4.1 Our Rating
4.69%
$1k
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18 Month Variable IRA Special
View
4.1 Our Rating Member FDIC
APY
4.69%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Ascendia Bank
Member FDIC
18 Month IRA
4.8 Our Rating
4.60%
$500
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18 Month IRA
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4.8 Our Rating Member FDIC
APY
4.60%
Service Charge
Minimum to Earn $500
Minimum Deposit
ELGA Credit Union
NCUA Insured
20 Month IRA Special
4.1 Our Rating
4.55%
$1k
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20 Month IRA Special
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4.1 Our Rating NCUA Insured
APY
4.55%
Service Charge
Minimum to Earn $1k
Minimum Deposit
State Bank of Newburg
Member FDIC
18 Month Variable IRA
4.8 Our Rating
4.52%
$500
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18 Month Variable IRA
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4.8 Our Rating Member FDIC
APY
4.52%
Service Charge
Minimum to Earn $500
Minimum Deposit
Regions Bank
Member FDIC
18 Month Variable Rate IRA
4.8 Our Rating
4.46%
$250
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18 Month Variable Rate IRA
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4.8 Our Rating Member FDIC
APY
4.46%
Service Charge
Minimum to Earn $250
Minimum Deposit
NASA Federal Credit Union
NCUA Insured
15 Month IRA Certificate Special - New Money
3.4 Our Rating
4.45%
$10k
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15 Month IRA Certificate Special - New Money
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3.4 Our Rating NCUA Insured
APY
4.45%
Service Charge
Minimum to Earn $10k
Minimum Deposit
USALLIANCE Financial
NCUA Insured
18 Month IRA Certificate Special
4.8 Our Rating
4.45%
$500
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18 Month IRA Certificate Special
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4.8 Our Rating NCUA Insured
APY
4.45%
Service Charge
Minimum to Earn $500
Minimum Deposit
Everwise Credit Union
NCUA Insured
15 Month IRA Special
4.8 Our Rating
4.41%
$500
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15 Month IRA Special
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4.8 Our Rating NCUA Insured
APY
4.41%
Service Charge
Minimum to Earn $500
Minimum Deposit
ABNB Federal Credit Union
NCUA Insured
18 Month IRA
4.1 Our Rating
4.35%
$1k
View
View
4.1 Our Rating NCUA Insured
APY
4.35%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Credit Union of Atlanta
NCUA Insured
18 Months IRA Certificate
4.8 Our Rating
4.35%
$500
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18 Months IRA Certificate
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4.8 Our Rating NCUA Insured
APY
4.35%
Service Charge
Minimum to Earn $500
Minimum Deposit
Metro Credit Union
NCUA Insured
15 Month IRA
5.0 Our Rating
4.35%
$0
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15 Month IRA
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5.0 Our Rating NCUA Insured
APY
4.35%
Service Charge
Minimum to Earn $0
Minimum Deposit
SpiritBank
Member FDIC
18 Month Variable IRA
4.1 Our Rating
4.34%
$1k
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18 Month Variable IRA
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4.1 Our Rating Member FDIC
APY
4.34%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Freedom Credit Union (PA)
NCUA Insured
18 Month IRA
4.8 Our Rating
4.33%
$500
View
View
4.8 Our Rating NCUA Insured
APY
4.33%
Service Charge
Minimum to Earn $500
Minimum Deposit
Gardiner Federal Credit Union
NCUA Insured
15 Month IRA Certificate
4.8 Our Rating
4.33%
$500
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15 Month IRA Certificate
View
4.8 Our Rating NCUA Insured
APY
4.33%
Service Charge
Minimum to Earn $500
Minimum Deposit
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18-Month IRA CD

IRA CD stands for Individual Retirement Account Certificate of Deposit. This product, offered by many financial institutions, provides a way for investors to earn a fixed rate of return over a fixed period of time. The IRA component gives the product some tax advantages (or liabilities, depending on how the account is utilized). The 18-Month IRA CD, or IRA Share Certificate, is a medium term CD that bears interest, on average, slightly above offered by savings and IRA savings accounts.

When an IRA CD matures, or reaches its 18-month ending date in this case, there is usually a grace period allowing you to decide your next step. Some financial institutions (especially banks and credit unions) will automatically renew the CD when at the end of the grace period, while others will liquidate the CD and deposit the money in another account for you. Your options during the grace period are to roll over the proceeds to another IRA CD, liquidate the account and deposit the funds into a different type of account, or cash out the proceeds. If you don’t roll the funds over into another IRA account (Traditional, Roth, etc.) before the grace period ends, then you will have to report the funds in the account as taxable income and pay any associated penalties. A Traditional IRA 18-Month CD and a Roth IRA 18-Month CD have different tax implications as far as how contributions and earnings are taxed.

Opening an account is straightforward and can be accomplished online at many financial institutions. For smaller banks and credit unions, a branch visit could be the only way to open an account. The financial institution can handle a rollover IRA, as well, if you wanted to transfer funds from a 401k.