Best Interest Rates in Oklahoma: Historical Comparison
Finding the best interest rates on savings accounts and certificates of deposit is a tough task to accomplish in the present rate environment. Interest rates have continued to fall over the last several years, and there’s little sign things will change any time soon. Even so, interest rates have fallen more in some parts of the U.S. than others, and Go Banking Rates is performing a state-by-state study of interest rates offered by local banks and credit unions in 2013 compared with two years ago to determine out how rates have changed over time by location.
Below are average Oklahoma credit union and bank rates compiled from our interest rate database containing more than 4,000 financial institutions. Average interest rates for savings accounts, as well as 6-month, 1-year and 2-year CDs in the state are compared against 2011 figures. Oklahoma is also ranked against the rest of the U.S. states in each category for both years.
Average Oklahoma Credit Union & Bank Interest Rates
Oklahoma credit union and bank interest rates have changed as follows:
- 6-Month CD: 0.69% APY
- 1-Year CD: 0.85% APY
- 2-Year CD: 1.26% APY
- Savings Account: 0.41% APY
- 6-Month CD: 0.46% APY
- 1-Year CD: 0.57% APY
- 2-Year CD: 0.82% APY
- Savings Account: 0.28% APY
Steadiest Rate: Savings (dropped by .13, a 33% difference)
Biggest Drop: 2-Year CD (dropped by .45, a 35% difference)
Historical Rankings of Credit Unions and Banks in Oklahoma
About This Oklahoma Interest Rates Study
The study above is based on interest rates from Go Banking Rates’ database of more than 4,000 banks and credit unions in the U.S. Rates are based on institutions’ published online rates and assume a $10,000 deposit.
Only local interest rates offered by financial institutions located within a specific demographic or headquartered solely in Oklahoma were used in this study, and rates from national and online banks were omitted. Current rate data is as of February 28, 2013, while historical data is as of March 31, 2011.
Please note that current rates may have changed since the publish date.