What Are Seattle CD Rates Paying You?
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According to a study conducted by Seattle Banking Rates, CD rates in Seattle are lower than the national average. Specifically, rates for 24, 12 and 6-month CDs are 0.89% nationally, while the rate for the same terms in Seattle is 0.71%.
Even with this low rate, a Seattle investor can still see a return on their investments. For example, a 24-month CD will earn $2,081 with an initial deposit of $100,000. The same investment will return $341 in a 12-month CD and $230 in a 6-month CD.
A CD is a solid place to invest money, offering predictable returns and virtually no risk, something that many Americans are seeking in times of economic uncertainty.
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