18-Month Certificates of Deposit: High Returns, Low Risk

An 18-month certificate of deposit (CD) offers higher returns than regular savings accounts with the same level of safety due to FDIC or NCUA protection up to $250,000. They are attractive for those seeking to avoid stock market volatility and prefer a fixed interest rate for a relatively short duration. Consider CDs from First Internet Bank (5.04% APY), Alliant Credit Union (4.90% APR), MYSB Direct (5.15% APY), TAB Bank (5.00% APY), Ally Bank (4.45% APY), Capital One (4.45% APY), Prime Alliance (4.75% APY), Marcus by Goldman Sachs (minimum deposit of $500), Vio Bank (4.50% APY), and LendingClub (5.00% APY). Weigh the pros and cons, such as fixed returns, FDIC insurance, and limited liquidity, to determine if an 18-month CD aligns with your financial goals.

Virgin Money Launches Cash ISA with Exceptional 5.05% Interest Rate

Virgin Money has introduced a new Cash ISA with an impressive 5.05% interest rate, earning an ‘excellent’ Moneyfactscompare rating. This rate, currently the industry leader, is fixed for a one-year term, providing certainty for savers who wish to lock in their rate. Caitlyn Eastell of Moneyfactscompare.co.uk highlights the account’s appeal to savers seeking to maximize their ISA allowance and are willing to commit their funds for a year. Additionally, the account offers flexibility with no minimum deposit requirement and allows for early access with a 60-day loss of interest penalty.

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