Best Texas CD Rates

Best Texas CD Rates

With all of those financial institutions in the Lone Star State, it's no wonder that there are some way above-average CD rates to be found. The following banks offer 3-year CD rates well above the national average:

Texas has 628 banks and 563 credit unions. With all of those financial institutions in the Lone Star State, it's no wonder that there are some way above-average CD rates to be found. The average 3 year national CD rate according to BestCashCow is 1.15% APY. But we have never been content settling for average, and neither has Texas. The following banks offer 3-year CD rates well above the national average:

There are several other banks below these three on the rate tables but they all have minimum balances of $100,000. The next 3 year CD with an above-average rate and a smaller minimum balance is:

  • Enterprise Bank. The bank is offering a 1.82% APY 3 year CD with a $1,000 minimum balance. Enterprise was founded in 1905 and has approximately $520 million in assets. It has nine branches, seven of which are located near Houston and two are outside of Waco. The bank has an average Texas Ratio of 22.54%.

If you prefer the credit union route, Texas has quite a few credit unions offering competitive CD rates.

  • El Paso Employees Federal Credit Union. El Paso FCU is offering a 3-year CD paying 2.52% APY with a $500 minimum balance. El Paso Employees Federal Credit Union has a field of membership that includes anyone who lives, works, worships or attends school in El Paso County, Texas.  Businesses and other legal entities located within El Paso County are also eligible for membership. The credit union operates 11 branches in the El Paso area.

El Paso seems to have quite a few credit unions offering very competitive rates. View CD rates for other credit unions in El Paso and across all of Texas by clicking though on the CDs tab above.

In addition, online banks also offer attractive 3-year CD rates to residents across all of Texas. These CDs need to opened and managed online.

  • Discover Bank offers 1.60% APY with a $2,500 minimum balance.
  • Aurora Bank is paying 1.61% APY with a $100,000 minimum balance.
  • Ally Bank is paying 1.49% APY with a $0 minimum balance.

To find rates for terms other than just 36-months in your local area or online, please check out our comprehensive list of CD Rates. BestCashCow has one of the biggest databases of CD rates in the U.S. for local and online banks as well as credit unions.

Image: Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Reviews

  • J.D.

    December 06, 2011

    First National Bank of Texercana has a 36-month CD paying 1.80% with a minimum of only $2,500. FDIC insured.

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