Oklahoma Interest Rates Rank Atop the Nation - KSWO 7News | Breaking News, Weather and Sports

Oklahoma Interest Rates Rank Atop the Nation

OKLAHOMA CITY, Okla_ Go Banking Rates continues its "Best Rates in Every State" series by focusing on interest rates offered by local banks and credit unions in Oklahoma. The interest rate aggregating website compared Oklahoma's average rates on savings accounts, 6-month CDs, 1-year CDs and 2-year CDs against national averages, and ranked the state against the rest of the U.S. for each deposit product. 

According to the rankings compiled by Go Banking Rates, using its database of interest rates from more than 4,000 U.S. banks and credit unions, average deposit account interest rates in Oklahoma are significantly higher than the national average in all categories:

Account Type: National Average Rate; Oklahoma Average Rate

  • 6-Month CD: 0.31% APY; 0.47% APY
  • 1-Year CD: 0.46% APY; 0.64% APY
  • 2-Year CD: 0.69% APY; 0.86% APY
  • Savings Account: 0.21% APY; 0.34% APY

Additionally, Oklahoma interest rates rank first when compared to the rest of the U.S. in every category except for 2-year CD rates (which still rank highly at #5):

  • 6-Month CD: 1st
  • 1-Year CD: 1st
  • 2-Year CD: 5th
  • Savings Account: 1st

While average interest rates in Oklahoma exceed the national average overall, individuals interested in earning the highest deposit rates can review the study's top 10 institutions for each rate category.

To see the full report, click here.

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 OklahomaBankingRates.com, which generate more than 2 million visits each month. Oklahoma Banking Rates is a locally-focused website dedicated to connecting Oklahoma readers with the best interest rates in the state on Certificates of Deposit, Savings Accounts, Auto Loans, Mortgages and more.

For questions or comments, or to speak with a Go Banking Rates editor, please contact:

Jaime Catmull, Director of Public Relations
www.GoBankingRates.com | www.OklahomaBankingRates.com
JaimeC@GoBankingRates.com
310.297.9233 x261

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