What Are Oakland CD Rates Paying You?
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A study of current certificate of deposit interest rates was recently conducted by Oakland Banking Rates to determine the averages for various term lengths in the city and see how they compare to the national average. Oakland Banking Rates used information from its interest rate database to complete the anaysis, which includes rates data from local banks and credit unions within a 50-mile radius of Oakland.
The results of the study were disappointing, as Oakland CD rates currently fall below the national average for 6-, 12-and 24-month CDs. Though the difference was small, the greatest disparity can be found between local and national 24-month, or 2-year CD rates, which averaged .90% APY and 1.21% APY, repectively.
You can find more detailed CD rate information for Oakland as well as the rest of the country in the infographic above.
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