Online Bank Cd Rates

Why local rates so low bank CD rates that online banks like ING CD? Why not imagine such a local bank offers the same pace?

Local banks have to pay for construction, electricity, staff. online banks are not so they have more money to offer.

Local banks may be more general, banks that are strictly online and the variety does not operate a traditional showcase. As unlike banks that operate on two fronts, they try to amp their business online and attract customers in this arena and that's really the only reason for the difference.

local banks are not so hard to obtain deposits. no difference.

that the only way to bank online to get your deposit is to offer high rate. FDIC insured so go with the higher rate.