What Are Long Beach CD Rates Paying You?
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Recently, Long Beach Banking Rates analyzed the current certificate of deposit interest rates within its database to find out what the city averages were for 6-, 12- and 24-month CDs. These averages were then compared against the rest of the nation to find out how competitive Long Beach CD rates are with other financial institutions in the country.
The database is a compilation of interest rates from local banks and credit unions within 50 miles of Long Beach. Unfortunately, it was found that Long Beach CD rates underperform as compared with the national average for each term length. It should be noted, however, that the difference between average local Long Beach rates and U.S. averages is not staggering and varies from .11% APY to .16% APY.
You can also use the infographic to find out which other cities have the best rates, as well as which ones fall short. CD rate information is also broken out at the state level.
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