What Are Sacramento CD Rates Paying You?
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Earlier this month, Sacramento Banking Rates conducted a study of current CD interest rates in the city to find out how they stack up against offers across the rest of the country. These rates, which were pulled from the Sacramento Banking Rates database of rates from local financial institutions within 50 miles of Sacramento, were averaged by term and compared with averages for the entire U.S.
Alarmingly, it was found that banks and credit unions are offering Sacramento CD rates that average close to a quarter percent less than the national average. The most noteable disparity was in the category of 12-month CDs, where the Sacramento average was only .59% APY as compared with the national average of .86% APY.
You can find out which cities and states in the country are offering better CD rates in the infographic above, as well as additional detailed rates information for the U.S.
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