Listen Live on  
 

MIX 96.9

Today's Best Music Mix for Phoenix
 
 

AZ Financial Institutions Pay Among The Lowest Interest Rates

 
AZ Financial Institutions Pay Among The Lowest Interest Rates
Posted April 23rd, 2013 @ 8:54am

(George Lin, KFYI News) Valley banks and credit unions are paying some of the lowest interest rates in the country.  

A new survey from GoBankingRates.com of more than 4,000 American financial institutions show interest rates on the money of Arizonans is near the bottom nationwide for every category.  

GoBankingRates editor Jennifer Calonia says this is significant, since total savings for account holders are the lowest in the nation.  

Colonia says anticipated economic growth in the Valley isn't expect to be very strong in the immediate future, meaning financial institutions will continue leveraging the money of their customers for significant profit.

Recommended Stories

More from MIX 96.9

*