The Credit Power Index
Consumers are getting the short end of the stick in their dealings with banks. But the pain isn’t felt equally across the country, and the rates you get on your certificates of deposit and home loans differ depending on where you live. We’ve pored through the data to determine which cities offer their residents the best rates.
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Credit Power Index: 19.29
A small city near the Pennsylvania border with a population of about 40,000, Elmira sneaks in at #10 on the list thanks to solid rates at two of its small local banks – the Elmira Savings Bank and First Heritage Federal Credit Union. The latter has impressive CD rates that are twice the national average, which comes as no surprise – credit unions tend to offer better deposit rates than banks.
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