Below are the top 3 CD rates available to residents in the state of Texas. After researching various credit unions and banks serving the people of Texas, we found the best CD rates to come in the form of 12 month CDs, 25 month CDs, and 60 month CDs. Because you will almost always find higher CD rates accompanied with longer maturities we decided to list the deposit rates that beat the national average by the highest margins (for each given duration). Also, keep in mind that small local banks and credit unions frequently offer CD rate promotions which are only available for limited times. You can also find higher rates offered by local banks that come with low maximum deposits. For example, A+ Federal Credit Union (San Marcos, Texas) is offering a 12 month CD with an APY of 5.0% but you can only invest up to $1,000 into this account and you must have other accounts opened with them as well. These types of deals may be available at your local bank.
Top 3 CD Rates (Texas):
(clicking on the institution will bring you to their rates page)
Advancial Federal Credit Union: Mesquite, TX. 12 month CD yielding 2.58% APY with a minimum deposit of $1,000. Advancial Fed CU’s rate page compares it’s current CD rates with some of the larger national banks such as Bank of America, and Chase Bank. In order to be a member of Advancial you must be employed by one of their select employee groups (SEGs). You may also be a parent, grandparent, spouse, brother, sister, child or grandchild of a current member. Once you are a member of Advancial, you will always be a member as long as you maintain the minimum Savings balance.
Eastman Credit Union: Longview, TX. 25 month CD yielding 2.70% APY with a minimum deposit amount of $1,000. Eastman CU’s CD rates function in a slightly different way. The rates are accompanied with a maturity range rather than an exact duration. For example, you can receive this 2.70% APY for durations of 24-36 months. You can join ECU if you live, work, worship, attend school, operate a business in one of the communities listed on their coverage maps, or are employed by one of their sponsor or contractor companies, or are a family member of one of their eligible members.
BP Federal Credit Union: Houston, TX. 60 month CD yielding 4.33% APY with a minimum deposit amount of $1,000. Membership eligibility with BPFCU is fairly exclusive. Membership is only open to BP employers, contractors of BP and Select Employee Groups. However, once you become a member, individuals in your family can join too and once a member of BP Federal Credit Union, you can remain a member for life.
Compare with today’s top CD rates nationwide below: