= Subscriber content; log in or subscribe now to access all American Banker content.

Deposit Pricing in Big U.S. Cities

Market Rates Insight recently evaluated deposit pricing in the nation's five largest metropolitan markets. Here is a quick look at how competitive banks are for liquidity in the most populous U.S. cities. (Image: Thinkstock)

Los Angeles Los Angeles

Banks in Los Angeles pay the highest deposit rates among the nation's biggest cities, with an average annual percentage yield of 0.44% in January. Banks there also pay the highest CD rates. (Image: Fotolia)

New York New York

Banks in New York pay the highest rates for checking accounts, at 0.15%. Overall rates are the second highest among big cities, at 0.5%. (Image: Fotolia)

Philadelphia Philadelphia

Want to find the best rates for savings (0.18%) and money market (0.15%) accounts? Philadelphia, which had an average deposit rate of 0.44% in January, is a great place to start. (Image: Fotolia)

San Francisco San Francisco

Banks in San Francisco are relatively cost conscious with deposits, paying an average of 0.43%. One exception: long-term CDs, where the average rate was 0.86%. (Image: Fotolia)

Chicago Chicago

Chicago is the least-competitive deposit market among the biggest U.S. cities. Banks pay an average rate of 0.32% on deposit accounts. (Image: Fotolia)

Market Rates Insight recently evaluated deposit pricing in the nation's five largest metropolitan markets. Here is a quick look at how competitive banks are for liquidity in the most populous U.S. cities.

Comments (0)
Be the first to comment on this post using the section below.
Post a Comment
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

 

Already a subscriber? Log in here
Please note you must now log in with your email address and password.