Attention! The rates on this post may be out dated. Visit our Houston, TX CD rate tables for updated offers from local banks and credit unions.
If you live in Houston, Texas and are looking to go long on a bank CD (certificate of deposit) you may want to check out the 5 year CD rates from First Service Credit Union. They’re currently offering 2.50% yields with $1,000 minimum deposit requirements as of this weekend.
First Service Federal Credit Union, originally established in 1978, has 12 locations in and around the greater Houston area. You’ll find branches in Bellaire, Wadsworth, Brookshire, Spring and The Woodlands, Texas.
When compared to other smaller regional credit unions, applying for FSFCU is relatively easy. Typically you’ll need to make a $5.00 opening deposit in a separate savings account, however, they have a coupon on their website currently that, when printed, will waive this requirement.
As we regularly mention, investing in longer term deposits with 5+ year terms may be enticing due to the slightly higher annual percentage yields, though we wouldn’t recommend doing so in such an abysmal CD rate climate. That being said, First Service Federal Credit Union has relatively average (or slightly below average) rates on their deposits other than their 5 year offer.
Other Noteworthy Short Term CD Rates in Houston, Texas:
*Rates accurate as of October 2011. Visit our CD rate center for updated APY’s and promotional offers.
- Gulf Coast Educators Federal Credit Union, Houston, Texas, has a 6 month CD yielding 0.85% APY with a minimum deposit requirement of $1,000.
- Alliant Credit Union, Houston, Texas, has a 12 month CD yielding 1.20% APY with a minimum deposit requirement of $1,000.
Know of a better CD rate offered from a local bank or credit union in Houston, let us know about below!