Austin, Texas: Two Local Banks Offering Decent One Year CD Rates

November 13, 2011 No Comments »

We usually see higher yields on local bank CD’s in Austin,TX (and Texas in general) than we do from online or nationwide institutions, however, that’s not the case this week. Currently residents in Austin Texas will be hard pressed to find a 12 month CD yielding much more than a percent from their local banks and credit unions. The top two yields we found from local banks on one year deposits were 1.05 and 1.02% APY. The top yields found in our database of nationally available accounts has the bar set at 1.15% APY for 1 year CDs. See complete rates here.

Top 12 month CD’s from Austin, TX banks:

- United Central Bank featuring a one year CD with a minimum deposit requirement of $1,000 and an interest rate of 1.05%.

- First National Bank featuring a one year CD with a minimum deposit requirement of $1,000 and an interest rate of 1.02%.

Additional Noteworthy Local Offers with Varying Terms:

  • Greater Texas Federal Credit Union (Austin, TX) 6 month CD yielding 0.75% APY with a $1,000 minimum deposit.
  • Austin Telco Federal Credit Union (Austin, TX) 24 month CD yielding 1.26% APY with a $1,000 minimum deposit.
  • A+ Federal Credit Union (Austin, TX) 24 month CD yielding 1.21% APY with a $1,000 minimum deposit.
  • Randolph-Brooks Federal Credit Union (Austin, TX) 36 month CD yielding 1.80% APY with a $5,000 minimum deposit.
  • Velocity Credit Union (Austin, TX) 36 month CD yielding 1.71% APY with a $1,000 minimum deposit
  • Randolph-Brooks Federal Credit Union (Austin, TX) 60 month CD yielding 2.48% APY with a $5,000 minimum deposit.

Today’s National Averages:

12 month CDs: 0.73% APY

36 month CDs: 1.03% APY

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