What Are San Diego CD Rates Paying You?
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The average San Diego CD rate currently stands at 0.76% APY, which is slightly below the national certificate of deposit average of 0.89%. CD rates are currently much lower than they were a few years ago, but you can still find some great deposit interest rates from local banks or credit unions. Financial institutions in your neighborhood can sometimes offer much higher interest rates than the national or city average because they want to be competitive with national banks.
Many people are still drawn to CD’s because of they are extremely safe and will always offer a positive return. Creating a good CD laddering strategy is also an effective means of building wealth slowly and without risk.
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