Study: Georgia Banks' Interest Rates Below Average
Press release from the issuing company
Wednesday, August 25th, 2010
The interest rates depositors earn from banks are at record lows, and Georgia banks' rates are lower than most, according to a national study.
The national average interest rate for all deposits — checking or savings accounts, money markets or CDs — dropped in July to 0.99 percent, according to Market Rates Insight. The average in Georgia was 0.75 percent, MRI said.
It’s the lowest national figure in a decade and the lowest MRI has ever seen, according to Dan Geller, executive vice president of California-based MRI.
