Average Birmingham Bank Rates Compared to Credit Unions

There are thousands of financial institutions throughout the U.S., several of which are probably in your home town. From bustling cities to tiny suburbs, there’s no shortage of banks and credit unions nearby. So when you’re trying to maximize your deposits and find the highest interest rates to help them grow, how do you know where to go? Below, Birmingham Banking Rates has compared the average bank rates in Birmingham with those at local credit unions to find out whether community banks or CUs have the best overall interest rates to offer.

Average Interest Rates at Birmingham Banks

Below are the average interest rates from local banks for savings and certificate of deposit accounts:

6-Month CD: 0.56% APY

12-Month CD: 0.8% APY

24-Month CD: 0.99% APY

Savings: 0.34% APY

Learn more about Birmingham banks

Average Interest Rates at Credit Unions in Birmingham

The following is a list of average CD and savings rates from credit unions in the city:

6-Month CD: 0.66% APY

12-Month CD: 0.93% APY

24-Month CD: 1.25% APY

Savings: 0.63% APY

Learn more about Birmingham credit unions

Please note that interest rates are accurate as of June 29, 2011, but are subject to change at any time. For the most up-to-date rate information, visit the Birmingham Banking Rates CD Rates or Savings Rates pages.