Best CD Rates in Houston, Texas: Top 3

December 19, 2012 No Comments »
Best CD Rates in Houston, Texas: Top 3

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Houston, Texas. They come in the form of 6 month CDs, 12 month CDs and 60 month CDs.

After sorting through dozens of rate pages by local community banks and credit unions serving the city of Houston and the surrounding areas, we found that you’ll most likely be able to find better rates with local institutions rather than online banks with nationwide acceptance.

The reason we say “likely” rather than certainly is because the top rates from this particular region are from community and employment based credit unions rather than banks. Give them a call or review the eligibility requirements on their website to see if you can join.

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. The table directly below shows local deposit rates only. Scroll further down to compare them with nationally available certificates of deposit.

Best CD Rates in Greater Houston, TX Area:

Institution
Product
APY
Min. Deposit
Contact
Chartway Federal Credit Union 6 month CD 1.00% $500 (800) 328-1935
Plains State bank 6 month CD 0.80% $1,000 (713) 559-6800
Chartway Federal Credit Union 12 month CD 1.26% $10,000 (800) 328-1935
Beal Bank 12 month CD 1.01% $1,000 (713) 888-3900
Shell Federal Credit Union 60 month CD 2.15% $500 (713) 844-1100
Compass Bank 60 month CD 2.00% $5,000 (713) 831-5525

All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Houston, 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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