Houston Banks

Everyone has a preference when it comes to choosing where to bank. Some enjoy the convenience of national chains, while others may actually belong to a credit union. A large number of local residents happen to prefer the smaller, community-oriented Houston banks.

Are you currently earning the top interest rates in your city? Today, Houston Banking Rates collects interest rate information from a total of 37 banks in Houston. Take a look at the average interest rates among these banks across a variety of deposit accounts, as well as a list of banks where you can find the highest rates in the city.

There are thousands of financial institutions throughout the U.S., several of which are probably in your home town. From bustling cities to tiny suburbs, there’s no shortage of banks and credit unions nearby. So when you’re trying to maximize your deposits and find the highest interest rates to help them grow, how do you know where to go? Below, Houston Banking Rates has compared the average bank rates in Houston with those at local credit unions to find out whether community banks or CUs have the best overall interest rates to offer.

These days, most banks are dropping interest rates on deposit accounts, which is why it’s so important to know which ones still have competitive offers. Locating the Houston banks with the highest interest rates will ensure you’re always growing your savings to its full potential.

When shopping around for the highest certificate of deposit interest rates, it helps to look at local financial institutions. Generally, smaller banks are especially invested in the communities they serve and thus, make providing the best rates to customers a top priority.

However, finding the best CD rates in Houston can be tough if you don’t know where so start, so we’ve compiled the best rates across various term lengths for community banks in the area.

When it comes to finding the highest interest rates on deposit accounts and loans, a great place to start your search is at your local bank. Local banks, like those found in Houston, often operate with the goal of supporting the surrounding community financially by offering affordable products and services to residents.

Every once in a while, a bank will close because it goes bankrupt, or they basically fail as a business. Although this did not happen a lot in the past, in the last several year, there have been record high bank failures due to economic trouble and lax government regulation. Houston Banking Rates brings you a list of the five Houston banks which have closed in the last several years.

Houston banks offer you a great chance to invest your money into a high yield savings account. However, as you will see from the list below, credit unions almost always offer better rates than your local or national bank. So, see if you meet the qualifications for any of these credit unions, open an account, and start saving today! These five banks below, brought to you by Houston Banking Rates, currently have the best savings rates in the Houston area.

In these rough economic times, CDs or certificates of deposit are still a fairly good investment. Not only are their rates higher than a savings account, but they also give you a secure place to put your timed deposit. The rates offered by the banks below are based on a $10,000 or less investment, and they are the best that Houston has to offer to its natives. Check out these credit unions to see if you qualify for membership or find another Houston bank that might be right for you.

Some More Facts about Westbound Bank

Founded in: 2007

Locations:

1. Katy Office

655 W. Grand Parkway South

Katy, Texas 77494

Phone: (713) 554-7615

Lobby Hours 9:00 am – 4:00 pm M – Th, 9:00 am – 6:00 pm F

Drive-Thru Hours 7:30 am – 6:00 pm M-F, 8:00 am – 12:00 pm Sat.