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Wyoming CD Rates High

February 22, 2013 State of Wyoming No Comments
money

A recent study by GoBankingRates.com finds that average CD and savings account rates in Wyoming for long-term CD accounts of 1-year and 2-year terms are significantly higher than many U.S. states, ranking #3 and #4 respectively for the highest average certificate of deposit rates. The interest rate aggregating website compared Wyoming’s average rates on savings accounts, 6-month CDs, 1-year CDs and 2-year CDs against national averages, and ranked the state against the rest of the U.S. for each deposit product. Using its database of interest rates from more than 4,000 U.S. banks and credit unions, the study found that average deposit account interest rates in Wyoming are below the national average for 6-month CDs and savings accounts, but Wyoming average rates are higher for 1-year CDs and 2-year CDs.

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