What Are Tucson CD Rates Paying You?
An analysis of current certificate of deposit interest rates was recently conducted by Tucson Banking Rates in order to determine how average rates in [tucson] compare to those across the nation. The results were disappointing as the average CD rates in Tucson across various term lengths all fell short of the national averages, with a difference of at least .20% APY in most instances.
The study compared interest rates for 6-, 12- and 24- month certificate of deposit accounts in the city. The average rate for 6-month CDs is .45% APY, while the average 12-month CD rate is .63% APY and 24-month is .90% APY. These all fall under the national averages, which are .60% APY, .86% APY and 1.21% APY, respectively.
The information that was used for this study was compiled from the Tucson 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. A deeper look into current CD rates throughout the country can be found in the infographic above, including in which cities the highest rates are located.
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