Houston Banking Rates

Highest CD Rates in Houston, Texas – November 11, 2010

There are a lot of factors that go into choosing the best certificate of deposit account, especially the interest rate. Whether you’re in search of a short-term six month CD, or are willing to commit to a longer investment period of one or two years in order to earn a higher rate, CD interest rates vary by location and financial institution. That’s why finding an account with the highest CD rate that also meets your savings needs and goals is crucial to making a wise investment.

Average CD Rates in Texas

Knowing the average CD rate in your state will help you understand the realistic range of interest rates you’re likely to find, as well as pinpoint the truly outstanding offers. Right now, the average 6-month CD rate in Texas is .75% APY, while the average 12-month CD interest rate is 1.01% APY and two year CDs come in at 1.37% APY. There are plenty of banks and credit unions in Houston that beat these rates, however–you just have to know where to find them.

Banks and Credit Unions with the Best Houston CD Rates

The following are the Houston banks and credit unions that offer CD rates well above the state average: Highest 2 year CD rate in Houston

  • Harris County Credit Union at 2.02% APY

Best 1 year CD rate in Houston

  • Houston Police Credit Union at 1.49% APY

Top 6 month CD rate in Houston

  • Memorial City Bank at 1.26% APY

If you would like to open a CD account in Houston with one of the above banks, view the directory of Houston banks for contact information so you can begin growing your savings today.

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.