Virginia Savings Account and CD Rates Higher than National Banking Rate Averages

Interest rate aggregating website www.GoBankingRates.com recently performed a study of Virginia savings account and CD rates, comparing the state's interest rates to the national averages, finding that on average, Virginia rates are higher.
 
 
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Jan. 22, 2013 - PRLog -- In their ongoing survey of top deposit account interest rates in every state, Go Banking Rates examined Virginia credit union and bank rates. In the study, Go Banking Rates finds that Virginia interest rates averages are higher than national averages, and name the Virginia financial institutions with the highest interest rates on savings and CD accounts.

Deposit Account National Averages (Account Type - Average Rate)

6-Month CD - 0.31% APY
1-Year CD - 0.46% APY
2-Year CD - 0.69% APY
Savings Account - 0.21% APY

Average Virginia Interest Rates (Account Type - Average Rate)

6-Month CD - 0.33% APY
1-Year CD - 0.54% APY
2-Year CD - 0.72% APY
Savings Account - 0.23% APY

Using information from its interest rates database, which includes rates from more than 4,000 institutions throughout the nation, Go Banking Rates also compiled top 10 rankings of the best CD rates in Virginia for 6-month, 1-year and 2-year terms. The site also ranks the top 10 traditional savings accounts rates in Virginia.

To see the full report, click here. (http://www.gobankingrates.com/cd-rates/best-interest-rate...)

About Go Banking Rates

GoBankingRates.com is a national personal finance website dedicated to connecting readers with the best interest rates on bank products nationwide. The Go Banking Rates team manually collects interest rate information from over 4,000 banks and credit unions, making their database the only source of comprehensive and authentic local rate data.

GoBankingRates.com is the national flagship site within a network of more than 1,500 banking domains, including local partner site VirginiaBankingRates.com, which generate more than 2 million visits each month. North Carolina Banking Rates is a locally-focused website dedicated to connecting North Carolina readers with the best interest rates in the state on Certificates of Deposits, Savings Accounts, Auto Loans, Mortgages and more.

For questions or comments, or to schedule an interview with a Go Banking Rates editor, please contact:

Jaime Catmull, Director of Public Relations
www.GoBankingRates.com | www.VirginiaBankingRates.com
JaimeC(@)GoBankingRates(dot)com
310.297.9233 x261
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Tags:Interest Rates
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Location:El Segundo - California - United States
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