Best CD Rates and Worst CD Rates in Connecticut
The current national average 12 month certificate of deposit rate is now under 0.75 percent at 0.74 percent. Late in 2009 1 year CD rates were averaging about 1.00 percent. On our list of CD rates in Connecticut there are banks and credit unions offering CD interest rates higher than the national average rate. There are banks and credit unions that have rates lower than the national average rates.
The best CD rate in Connecticut is from Flagstar Bank which is currently offering 1 year CD rates at 1.54 percent with an annual percentage yield (APY) of 1.55 percent. The bank's 12 month interest rate is more than double the national average CD rate.
Bank of Internet is next on the list of best Conneciticut CD rates. Bank of Internet is offering 12 month bank CD interest rates at 1.47 percent with an APY of 1.48 percent.
Giantbank.com has the third highest CD rate in Connecticut. Giant Bank's current 12 month bank CD rate is 1.45 percent with an APY of 1.46 percent. Nationwide Bank is has the fourth best CD rate. The bank's current rate is 1.44 percent with an APY of 1.45 percent.
The absolute worst CD rate on our list in Connecticut is from Citizens Bank. The bank's current 12 month interest rate is 0.15 percent with an APY of 0.15 percent. You might as well stuff your cash under a mattress instead of getting that little of a return.
Chase Bank has the second worst CD rate on our list. Chase Bank's is offering a 12 month bank CD rate of 0.20 percent with an APY of 0.20 percent. Thankfully you can find CD rates at banks and CD rates at credit unions higher than those rates.
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Sallie Mae Bank CD Rates: 2.00% APY 12-Month CD, 2.20% APY 15-Month CD, 2.40% APY 18-Month CD (Nationwide)