Locating the Best 24-Month CD Rates in Palm Springs, CA: March 2011
If you live in Palm Springs, CA and are interested in opening a 2 Year CD account, there are a few factors you’ll need to examine before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate offered is likely your top concern.
Longer term lengths generally yield higher CD rates, which is probably why you’re interested in a 24-month CD. That doesn’t necessarily mean every 2 year CD rate is good, however. Palm Springs Banking Rates can help familiarize you with the rates available in Palm Springs and find the rates that are truly competitive for the area.
Average 2 Year CD Rates in Palm Springs
Since Palm Springs Banking Rates compiles rates information from financial institutions within a 50-mile radius of Palm Springs, there are a lot of numbers to sift through. In fact, there is currently a total of 17 CD accounts with a term length of 2 years to choose from. However, if you know the average 24-month CD rate in Palm Springs, you can weed out low rates.
Today, the highest 24-month CD rate we have on record in Palm Springs is 2.12% APY, while the lowest is 0% APY. The average of these rates and all others available in and around Palm Springs is 1.14% APY.
Now that you know how high the average 2 year CD rate in Palm Springs should be, you can easily determine which offers are good and which ones are too low to really grow your money.
You can also view CD rates for other term lengths, like 6 months or 1 year, by visiting the Palm Springs CD Rates page.
