Forum staff reports, Published February 18 2013
North Dakota interest rates beat national averageFARGO – Interest rates North Dakota banks and credit unions offer on products such as certificates of deposit and savings accounts are running, on average, higher than national averages, according to GoBankingRates.com – a Web site that tracks interest rates.
The exception was 6-month CD rates. In that category, North Dakota rates are slightly lower than the national average.
Here’s a comparison of average rates nationally and in North Dakota for a number of financial products, as compiled by GoBankingRates.com:
E 6-month CD: 0.30 percent Annual Percentage Yield (APY); 0.29 percent APY.
E 1-year CD: 0.45 percent APY; 0.49 percent APY.
E 2-year CD: 0.67 percent APY; 0.72 percent APY.
E Savings account: 0.20 percent APY; 0.24 percent APY
GoBankingRates.com rankings are calculated using a database of interest rates from more than 4,000 banks and credit unions.