Wisconsin CD rates were little changed for the week ending June 5, 2009. The short term, six month CD rates dropped while the remaining terms were unchanged. Often week over week changes in state CD rates can be rather sluggish, reacting to interest movements in incremental steps as opposed to more dramatic drops and pops. However, this week the national rates were extremely volatile as were other segments of the credit markets including mortgage rates and Treasury rates. In light of the significant rate movement in other bank rates the inactivity in Wisconsin CD rates is rather conspicuous. Fortunately, lack of interest rate movements for bank CDs worked in the favor of Wisconsin CD rate investors since the best CD rates available in Wisconsin easily surpass the best national rates.
The best six month CD rates in Wisconsin averaged 2.33%, down measurably from last week’s average of 2.38%. Even with the rate reduction, the highest six month CD rate is above the best national six month CD rate. The highest six month rate in Wisconsin is at 2.62% from First National Bank of Park Falls. The next best rate drops measurably to 2.30% and is available at a few Wisconsin banks including Washington First Bank, Citizens Bank of Mukwonago and American Bank & Trust.
The best one year CD rates in Wisconsin are also easily topping the best one year CD rates available nationally. The highest one year CD rate sits at 2.85% on a 15 month CD from Bank of Deerfield. First National Bank of Park Falls follows with a one year CD rate of 2.73%. Bank of Lake Mills has a ten month CD at 2.70% that is seven basis points or 7/100 of a percent above the best national rate.
The best two year CD rates in Wisconsin remained unchanged for the week with top four banks offering CD yields ahead of the best national rates. The highest two year CD rates goes to Laona State Bank with an interest rate of 3.02%. Settlers Bank and Investors Community Bank have the second best two year CD rates at 3.00%. With an interest rate of 2.90%, Bank of Lake Mills rounds out the top four bank rates.
In the five year CD rate category, the highest rate leads the national rates with two more banks matching that rate. The average of the best five year CD rates in Wisconsin closed the week at 3.61%. Foundations Bank leads this group with a five year CD rate of 3.75%. Ten basis points lower is the offer of both American National Bank Fox Cities and Bank of Oakfield with five year CD that earns a rate of 3.65%.
On average, the best certificate of deposit rates in Wisconsin moved lower for the week ending May 22, 2009. The highest CD rates for all term categories remained unchanged; however the bank rates that comprised the lower levels of each category slipped slightly reducing the averages for the best CD rates. The highest CD rates in each term category for Wisconsin are at or exceed the best national bank CD rates.
The best six month CD rate in Wisconsin stands at 2.62% unchanged from the prior week and substantially above the best national rate of 2.20%. First National Bank of Park Falls markets this six month CD with a minimum deposit of $10,000.00. The lowest CD rate for this group is offered by Citizens Bank of Mukwonago at 2.30%, this CD rate is available on the bank’s eight month term and is soundly above the best national rate.
One year certificates of deposit in Wisconsin are unchanged for the week, from the best one year CD rate to the last bank rate on the list. The highest CD rate in the one year term category is being promoted by two banks, Bank of Lake Mills and Bank of Deerfield, with a CD rate of 2.85%. Bank of Lake Mills offers this rate on a ten month CD while Bank of Deerfield offers the rate on a 15 month CD. Both banks beat the best national rate of 2.80%. The list wraps up with a 15 month CD from Mound City Bank that has an interest rate of 2.65%.
The best two year CD rates did not change however, the depth in the list improved bringing the average of the highest two year CD rates in Wisconsin up for the week. Farmers and Merchants State Bank continues to provide the highest CD rate with a 29 month term CD that yields 3.10%. Not far behind is the two year CD of First National Bank of Platteville that has an interest rate of 3.02%. The previous week’s lowest bank rate stood at 2.80%, this week that interest rate has increased with the final bank being Anchor Bank which offers a two year CD rate of 2.90%.
The best five year CD rates in Wisconsin followed the lead set by the two year CD rates and remained firm for the week. The highest five year CD rate matches the best national rate and is offered by Foundations Bank at 3.75%. Bank of Oakfield remains ten basis points or 10/100 of a percent back with a rate of 3.65%. The lowest bank rate on the list for five year CDs stand at 3.50% and can obtained at Bank of Sun Prairie and American National Bank of Fox Cities.
Certificate of deposit rates in Wisconsin increased on the short end but lost ground on the long end of the CD rate yield curve. The best short term, six month CD rate is now being promoted by First National Bank of Park Falls at a rate of 2.62% which is two basis points or 2/100 of a percent above last weeks best six month CD rate. American Bank and Trust is second in line with their nine month CD that is carry over from last week with an interest rate of 2.60%. The depth in the list is much shallower than the previous week with only one bank, Park Bank, offering a 2.50% rate and the list concluding with a six month CD rate at 2.36% which is the product of First National Bank of Platteville. Even with the lack of depth, these CD rates are all well above the best national rates for this term.
The best one year CD rates in Wisconsin are almost identical to the prior week with changes in interest rates appearing at the low point of the list. The highest one year CD rates in Wisconsin are offered by two banks, Bank of Lake Mills and Bank of Deerfield, at 2.85%. This is five basis points lower than the best national bank CD for this term. Bank of Lake Mills offers this rate on a ten month term while Bank of Deerfield makes this rate available on their 15 month promotional CD. Five basis points below this rate are the CDs from First National Bank and American Bank and Trust that have an interest rate of 2.80% on 13 month terms. Wrapping up the list are the one year CD rates of First National Bank of Park Falls at 2.73% and Bank of Sun Prairie at 2.65%.
The average for the best two year CD rates in Wisconsin slipped slightly for the week while the highest rates remained unchanged. Almost all of the top bank rates in Wisconsin in the two year term category exceed the best national rates. The highest rate continues to be marketed by Farmers and Merchants State Bank on a 29 month term with an interest rate of 3.0%. First National Bank of Platteville is only eight basis points lower at 3.02% on a two year term. Two banks, American Bank and Trust and Bank of Sun Prairie, have interest rates of 3.00%. American Bank and Trust is on a 21 month terms and Bank of Sun Prairie is on a two year term. Bank of Lake Mills is next up with a two year CD rate of 2.90% that matches the best national rate promoted by Ally Bank, the recently renamed GMAC Bank.
The best five year CD rates in Wisconsin lost some ground with a little lower rate on the highest CD rate and less depth of offerings for bank CDs just below this rate. The highest CD rate in for the five year term is now being marketed by Foundations Bank at 3.75%, which is down from last weeks high of 3.79%. In second place is the five year CD from Bank of Oakfield that yields 3.65%. Two basis points lower is First National Bank of Platteville’s five year CD with an interest rate of 3.63%. Badger State Bank is next with a five year CD rate of 3.53%. And the list comes to an end with the 3.50% CDs of US Bank and Bank of Sun Prairie.
The best CD rates in Wisconsin were little changed for the week ending May 8, 2009. Fortunately for the residents of Wisconsin, high interest rate CDs abound in Wisconsin with the highest CD rates easily beating the best national rates. The top two rates in the six month CD rate category include an extended term CD and a strict six month term CD, above the best national rate of 2.26%. Laona State Bank has the best six month term at 2.53% while American Bank and Trust has a nine month CD that earns a rate of 2.60%. Depth is plentiful in this term with three banks in Wisconsin, Mound City Bank, Citizens State Bank and Park Bank all offering CD rates of 2.50%.
In the one year CD rates category, four banks now offer CD rates at or above the best national one year CD rates. Bank of Lake Mills and Bank of Deerfield lead the group with odd month CD rates of 2.85%. Bank of Lake Mills is on a 10 month term while Bank of Deerfield offers this interest rate on a 15 month term. Two Wisconsin banks, First National Bank and American Bank and Trust, offer CD rates five basis points lower at 2.80%. The two remaining banks on the list are not far behind, Laona State Bank has a14 month CD that yields 2.78% and Clare Bank markets an 11 month CD with a rate of 2.75%.
Two year CD rates in Wisconsin are the real sweet spot. The best two year CD rate on the national list sits at 2.90% with a CD marketed by GMAC Bank; all of the highest CD rates in Wisconsin in the two year term category now surpass this rate. Farmers and Merchants State Bank is the term leader with 29 month CD that has an interest rate of 3.10%. Two Wisconsin banks, First National Bank of Platteville and Badger State Bank are not far behind with two year CD rates at 3.02%. Three more banks, American Bank and Trust, Anchor Bank and Bank of Sun Prairie, are only two basis points back with CD rates of 3.00%.
Five year CD rates in Wisconsin are not interrupting the trend of higher than average rates. The best five year CD rate in Wisconsin is a product of Badger State Bank with an interest rate of 3.79%, this rate is down from last week when highest rate was 3.90%. Two banks have CD rates just slightly lower at 3.75%, US Bank offers this rate on a 59 month CD and Foundations Bank with a five year term. Two Wisconsin banks have CD rates of 3.63% and 3.65% and the list wraps up with Bank of Sun Prairie that has an interest rate of 3.50%.
The best CD rates in Wisconsin on average declined for the week ending May 1, 2009. Wisconsin CD rates notwithstanding a small decline continue to lead the national rates for almost every term. The best six month CD rates in Wisconsin surpass all of the top 10 best national six month CD rates. Laona State Bank leads the six month term CD rates with 2.53%. American Bank and Trust has a higher rate of 2.60% but this interest rate is on a nine month term CD. Mound City Bank, which has been in the top five best CD rates for this term for all of April, drops back again as the bank continues to reduce the rate offered on their eight month CD special down to 2.50%. Anchor Bank, Citizens State Bank and Citizens Bank of Mukwonago all offer CD rates of 2.50%. The terms for the 2.50% rate vary from five months to eight months.
In the one year CD rate category, the highest CD rate is unchanged for the week at 2.85%. Two banks, Bank of Lake Mills and Bank of Deerfield, offer this rate. Bank of Lake Mills promoted the CD rate on a 10 month term while Bank of Deerfield has the rate on a 15 month term. First National Bank and American Bank and Trust run a close second with CD rates of 2.80% on 13 month terms. A 2.78% CD rate by Laona State Bank and 2.75% by Citizens Bank of Mukwonago round out the highest CD rates in the one year certificate of deposit category.
The best two year CD rates in Wisconsin dropped slightly but remained above the best national rates. Anchor Bank leads the list with a true two year CD that has an interest rate of 3.10%. Once again the highest listed rate is above this figure at 3.10% and is offered by Farmers and Merchants State Bank on a 29 month term. Two more Wisconsin banks market two year CD rates at 3.02%, First National Bank of Platteville and Badger State Bank. Following these rates are yet two more banks promoting CD rates set at 3.00% to end the list.
The highest CD rate with a five year term in Wisconsin continues to be offered by Bank of Oakfield with an interest rate of 3.90%. Only one basis point back is the five year CD of First National Bank of Platteville with an interest rate of 3.89%. The remainder of the list of the highest bank rates in this group remains unchanged including the 3.79% five year CD rate of Badger State Bank and the 3.75% CD rates of US Bank and Foundations Bank.
The best CD rates available in Wisconsin saw a few significant positive improvements for the week. These improvements came on a week that saw mostly reductions for CD rates on the national lists. One bank rate opportunity surfaced in the category for the best six month CD rates in Wisconsin where the top rate actually increased by 2 basis points or 1/100 of a percent for the week ending April 24. First National Bank of Park Falls is offering this CD rate on their six month term CD with a minimum deposit of $10,000.00. Mound City Bank drops back to second place with an eight month promotional CD that has an interest rate of 2.60%. Mound City Bank was offering this CD with an interest rate of 2.70% last week. Anchor Bank and American Bank and Trust are also offering CDs with yields at 2.60% in this category. The Anchor Bank CD is for a seven month term while the American Bank and Trust CD is on a nine month term.
The best one year CD rate in Wisconsin was unchanged for the week, although the financial institution offering the rate has. The best one year CD rate remains at 2.85% and is being promoted by Bank of Lake Mills. The term for this CD is slightly less than one year at 10 months to maturity. First National Bank of Park Falls is a close runner up with a one year CD that earns a rate of 2.83%. First National Bank, Anchor Bank and American Bank and Trust are all offering desirable rates in this category; each bank is promoting an odd month, 13 month term that has an interest rate of 2.80%.
The two year CD rates in Wisconsin experienced a surprise leap with the highest CD rate sitting at 3.20%. Anchor Bank, Wisconsin’s largest thrift, is offering a promotional CD they call the “Collectors Addition” CD that has requires a $10,000.00 deposit to obtain the 3.20% rate or $500.00 to receive a 3.10% rate. Farmers and Merchants State Bank has a CD rate 10 basis points behind at 3.10% on a 29 month term. First National Bank of Platteville and Badger State Bank, both have straight two year term CDs that have rates of 3.02%. The remaining top banks on this list, Bank of Sun Prairie and American Bank & Trust, are marketing and 18 month CD and a 21 month CD that have yields of 3.00%.
The five year term CDs were mostly unchanged for the week. The top CD rate remains with Bank of Oakfield with a five year CD rate of 3.90%. This is followed by First National Bank of Platteville with their five year CD yielding 3.89%, unchanged for the week. Badger State Bank of Cassville is next up with a five year CD that has an interest rate of 3.79%. The list ends with the four year CD of Bank of Sun Prairie that has an interest rate of 3.50%.
The best 6 month CD rate in Wisconsin ended the week at 2.70%. That rate was offered by Mound City Bank on their promotional 8 month term CD. First national Bank of Platteville offered the next best CD rate in the 6 month term category with a 6 month CD rate of 2.57%. The top 6 bank CD rates in this category all had rates of 2.50% or higher.
In the one year CD rate category, Bank of Deerfield was offering the highest CD rate on a odd month term of 15 months that had a rate of 2.85%. Mound City Bank also offered a 15 month odd term that has an interest rate of 2.80%. The top 6 banks had an average CD rate of 2.80%.
The best two year CD rates offered in Wisconsin had four banks offering rates of 3.00% or higher. First National Bank of Platteville and Badger State Bank had the best two year CD rates at 3.02%. The First National Bank of Platteville CD requires a $10,000 deposit and the Badger State Bank CD requires a $5,000 minimum deposit. The list of the top rates ends with BLC Community Bank based in Little Chute and offers a two year CD rate of 2.75%.
The best five year CD rates in Wisconsin start with a rate of 3.90% which is being offered by Bank of Oakfield. First National Bank of Platteville is not far behind with a five year CD rate of 3.89%. Anchor Bank completes the top 6 offers for the best five year CD rates with rate of 3.51%. The top two positions for the best five year CD rates in Wisconsin surpasses the best national rate which stands at 3.80%.