Interest rates offered by local banks and credit unions in Colorado “are less than competitive,” with the average CD and savings-account rates ranking in the bottom third of the nation, according to a new report by .
The interest-rate aggregating website compared Colorado’s average rates on savings accounts, six-month CDs, one-year CDs and two-year CDs against the national average.
GoBankingRates compiles rankings using its database of interest rates from more than 4,000 U.S. banks and credit unions.
The report said that as deposit-account rates continue to decline, finding the best interest rates from banks and credit unions becomes an increasingly tough job for depositors.
GoBankingRates.com is the national flagship site within a network of more than 1,500 banking domains, including local partner site ColoradoBankingRates connects Coloradans to information about interest rates on CDs, savings accounts, auto loans and mortgages in the state.
![[prison 19] Caption: This is Cellhouse 1, Pod A, from ground level inside the Sterling Correctional Facility which is located outside of Sterling, Colorado Thursday afternoon. Photographer: LEW SHERMAN Title: FREELANCE Credit: SPECIAL TO THE POST City: Sterling State: CO Country: USA Date: 19990617 ObjectName: prison 19 Keyword: PUBDATE____1999_06_22](/wp-content/uploads/2016/04/20151207__denverpostp1.jpg?w=538 "20151207__denverpost~p1.jpg")
