Best CD Rates in Dallas, TX: Top 3

October 9, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Dallas, Texas. The institutions we will cover all include the following cities in Texas: Grand Prairie, Irving, Richardson, Garland, Carrollton, Lewisville, Mesquite, Fort Worth, DeSoto and Rowlett. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Dallas as well as Texas, we found that for the most part, you will be able to receive slightly better rates with local institutions than with national ones.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

Best 6 month CD rates in Dallas, TX:

  • Neighborhood Credit Union (Dallas branch) has a promotional new savers CD which comes with a maturity of only 1 month and an APY of 10%. The minimum and maximum in which you can deposit is $100.
  • Texas Federal Credit Union has a 6 month CD yielding 1.92% APY with a minimum deposit of $1,000 required. 
  • SouthWest Airlines Federal Credit Union has a 6 month CD yielding 1.90% APY with a minimum deposit of $1,000 required. 

Best 12 month CD rates in Dallas, TX:

  • Baxter Credit Union has a 12 month CD yielding 2.50% APY with a minimum deposit of only $50 required. 
  • SouthWest Airlines Federal Credit Union also has a 12 month CD yielding 2.50% APY with a minimum deposit of $1,000 required.
  • Branch Banking and Trust Company has a promotional 11 month CD yielding 2.25% APY with a minimum deposit of $2,500 required.

Best 24 month CD rates in Dallas, TX:

  • First National Bank has a 24 month CD yielding 2.68% APY with a minimum deposit of $1,000 required. 
  • SouthWest Airlines Federal Credit Union has a 24 month CD yielding 2.60% APY with a minimum deposit of $1,000 required.
  • Washington Federal Savings and Loan Association (Dallas branch) has a 24 month CD yielding 2.50% APY with a minimum deposit of $1,000 required.
All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Dallas, TX and know of a better interest rate offered through your local bank or credit union, please share by leaving a comment.

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