Washington DC CD Rates Survey for the week April 23, 2012

Written by: InTheKnowFinance Staff

According to a recent Primerates.com survey conducted on April 23, 2012 of Washington DC CD rates offered by the area banks & credit unions, Washington DC’s largest financial institutions offered short-term savers 6-month CD’s with rates between 0.05% at Wells Fargo (www.wellsfargo.com), and 0.30% at Bank of America (www.bankofamerica.com). Meanwhile, Suntrust Bank (www.suntrust.com) was providing the highest 2-year and 5-year CD’s, with rates of 0.65% and 1.29% respectively.

CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.

 

Banks

6 month

1 year

2 year

3 year

4 year

5 year

Capital One

0.10%

0.15%

0.20%

0.45%

0.65%

0.75%

Wells Fargo

0.05%

0.05%

0.55%

0.75%

1.15%

1.15%

Bank of America

0.30%

0.35%

0.40%

0.60%

0.85%

1.10%

Suntrust Bank

0.25%

0.40%

0.65%

1.00%

NA

1.29%

PNC Bank National

0.10%

0.20%

0.35%

0.40%

0.75%

1.00%

Citibank

0.15%

0.25%

0.30%

0.50%

0.75%

1.00%

Manufacturers


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Washington DC CD Rates Survey for the week April...

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