|
 Why
won't some banks sell CDs out of state?
 Many
banks prefer to work with local customers who might have other accounts within
the institution.
For most banks, it gets down to managing their assets
and liabilities or a state regulatory issue, or both. Banks
have to do a balancing act between interest rates on assets and liabilities. If
the interest rate a bank gets on loans (assets) slips below the rate the bank
is paying out on CDs (liabilities), the bank's in trouble. If
you're interested in seeing what's available nationwide, look at Bankrate.com's
High
Yield CDs. Financial institutions that are listed must
offer their CDs to customers nationwide. | 
