What Are Las Vegas CD Rates Paying You?
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Recently, Las Vegas Banking Rates conducted a study of the current certificate of deposit interest rates in Las Vegas to find out how competitive they are with those across the nation. Dissap0intingly, it was found that average Las Vegas CD rates are higher than the national averages for 6-, 12- and 24-month certificates of deposit.
The most notable gap between Las Vegas CD interest rates and the national average was for the term of 24 months (2 years), where Las Vegas fell well below the rest of the country by a whole .51% APY, with an average of just .70% APY as compared to 1.21% APY. 6- and 12-month CD interest rates didn’t fare much better at .43% APY and .73% APY respectively.
The information that was used for this study was compiled from the Las Vegas Banking Rates database of interest rates within a 50-mile radius of the city. These rates were averaged by term and then compared against equivalent averages for financial institutions throughout the entire U.S. You can find more information about current CD rate averages in the U.S. in the above infographic.
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