Today’s Average Jackson Interest Rates
Whether you’re looking for a simple savings account or longer-term commitment like a certificate of deposit, the interest rate it earns is very important. The best rates depend on where you live, as some locales have higher rates that others. That’s why knowing the average interest rates in your home town, like the average Jackson interest rates, will help you determine which banks and credit unions near you have the best offers on deposit accounts.
Below is a look at the average interest rates across a variety of accounts in our database. These rates include those offered by financial institutions within 50 miles of Jackson, MI.
Average Savings Account Interest Rate in Jackson, MI
Out of all the financial institutions in and around Jackson, there are 2 savings accounts available. The highest savings rate in the city is 0.5% APY and the lowest is 0.25% APY.
The average Jackson savings rate for today is 0.38% APY.
Average Jackson, MI CD Rates
Generally, the longer the term on your certificate of deposit, the higher the interest rate it earns. Here are the average 6, 12- and 24-month Jackson CD rates:
6-Month CD
There are a total of 3 CDs available in the city today with a term of six months. Of those accounts, the highest rate is 1% APY, while the lowest is 0.75% APY.
The average 6-month CD rate among all of these accounts is 0.9% APY.
12-Month CD
You can currently find 3 accounts in the city with a 12-month term. The best rate we have in our database is 1% APY. The lowest 12-month CD rate is presently 1% APY.
The average 12-month CD rate in Jackson is 1% APY right now.
24-Month CD
Out of a total 3 accounts available, the highest 24-month CD rate is currently 1.55% APY. On the other end of the spectrum is the lowest rate of 1.25% APY.
The average 24-month CD rate in Jackson today is 1.4% APY.
Please note these rates are accurate as of July 21, 2011. Rates are subject to change at any time at the discretion of the individual financial institutions. Please verify rates before opening an account.
