What Are Mesa CD Rates Paying You?
(Click on the image for a larger version)
A study of CD rates in Mesa was recently conducted by Mesa Banking Rates to find out how interest rates on accounts of various terms measure against the rest of the country. Unfortunately, it was found that Mesa CD rates don’t quite match the national average, and the gap between the two is an alarming .30% APY.
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 .35% APY, while the average 12-month CD rate is .53% APY and 24-month is .87% APY. These all fall well under the national averages, which are .60% APY, .86% APY and 1.21% APY, respectively, as detailed in the infographic above. These findings are likely a concern to depositors who want to earn the best possible rates in a time when interest rates across all deposit accounts are falling continuously.
Mesa Banking Rates compiled these averages from the interest rates in its database. Rates are regularly collected from local banks and credit unions within a 50-mile radius of the city, and these rates were averaged by term and compared with those of financial institutions across the country.
Like this infographic? Share it on your blog or website. Just copy and paste this code snippet:
