bank rates

Shop And Compare Best Local CD Rates

We don’t have to tell you that the big banks are paying next to nothing for deposits. They’re getting all the cheap money they need from the government.

But many community banks still need your savings Lock up the best deal for your savingsand are paying rates that are well above the national average and far better than you’ll get at Chase or Citi.

These deals aren’t open to everyone because most community banks only accept deposits from customers who live in the areas they serve.

That means you’ve got to shop your neighborhood banks for local offers like these:

3.00% APY on a 25-month CD with a $2,500 minimum deposit from Broadway Bank in Chicago.

3.04% APY on a 30-month CD with a $2,500 minimum deposit from Atlas Savings & Loan in Brooklyn, N.Y.

Then compare the quotes you get with the best CDs rates from scores of banks across the country in our extensive database.

You’ll know that you’re locking up the best deal for your savings.

Ben Bernanke on CBSFederal Reserve Chairman Ben Bernanke says we barely avoided economic catastrophe by bailing out the banks — and AIG. Click here for more on Bankaholic’s Personal Finance blog, which you can always reach by clicking on the “finance” tab at the top of the page.

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