Understanding U.S. Bank CD Rates

starting on the same day for loans as well as deposits. The U.S. bank CD rates vary for different terms and you have the 12 month CD rates and 3 month CD rates besides others.

Banks actually fix the APY ate of interest that they amass on loans on the PLR cap which is fixed by the US Federal Reserve. They are allowed a certain amount of freedom in loan rates which is dependent on the cap and hence you will find that interest rates on loans might vary slightly from one bank to another for the same period. The banks also revise the U.S. bank CD rates whenever the US Federal Reserve periodically revises the PLR rates. So you should keep checking for new and better US bank CD rates