Wisconsin Deposit Interest Rates Beat National Averages

The Web's top source for local interest rates, www.GoBankingRates.com, examines the interest rates offered by local financial institutions in Wisconsin in its latest "Best Rates in Every State" series. The Go Banking Rates study finds that average CD rates offered in Wisconsin are higher than the national average, while the state's savings account rates fall just slightly below.

Go Banking Rates continues its “Best Rates in Every State” series by focusing on interest rates offered by local banks and credit unions in Wisconsin. The interest rate aggregating website compared Wisconsin'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 offered by banks and credit unions in Wisconsin beat the national average in all certificate of deposit categories. Savings accounts were about equal with a negligible .01% difference.

Account Type: National Average Rate; Wisconsin Average Rate

• 6-Month CD: 0.31% APY; 0.33% APY
• 1-Year CD: 0.46% APY; 0.48% APY
• 2-Year CD: 0.69% APY; 0.73% APY
• Savings Account: 0.21% APY; 0.20% APY

Additionally, Wisconsin CD rates rank within the top half of the country, while savings rates remain competitive but fall a bit lower:

• 6-Month CD: 22nd
• 1-Year CD: 25th
• 2-Year CD: 24th
• Savings Account: 32nd

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