If you have been wondering why some banks and credit unions offer top deposit rates or why some areas of the nation offer the best rates, this Wall Street Journal article
provides some interesting insights. It also shows why banks often shun out-of-state customers. Here's one example mentioned in the article:
Outsiders, by contrast, are likely to get the cold shoulder from Mr. Wait, who wants to keep bank assets below $100 million to avoid tougher regulatory reporting requirements. When CDs held by customers with no other ties to the bank mature, "we are declining to renew them," he says.