Interest rates can have a huge impact on your finances, whether you’re looking to take out a loan or grow your money with a certificate of deposit (CD) account. Many websites can provide you with national interest rates. For Kansas City, Mo., residents, GOBankingRates’ rate table search tool can help you find a local bank with rates that suit your financial goals.
How Are Interest Rates Determined?
First, you should know how financial institutions determine interest rates. The following four factors heavily influence the rates you can find:
Choosing a Local Kansas City Bank
When opening a savings account or a CD, you want to go with a lender that offers not only high interest rates but also outstanding customer service. Local banks and credit unions tend to offer better rates, lower fees and better customer service compared to large, national banks.