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Forum staff reports, Published February 18 2013

North Dakota interest rates beat national average

FARGO – 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.