Best certificate of deposit rates in Texas (Top 3)

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.

If you live in the state of Texas and know of a local CD rate that is better than the ones listed above, please share by leaving a comment. To find the highest CD rate you may want to compare CD rates available nationally to the ones listed above.

Louisiana certificate of deposit rates – Who offers the best?

Below are the top 3 certificate of deposit rates available to the residents of Louisiana. After researching several banks and credit unions in the region (and their accompanying CD rates) I noticed that in most cases local community-oriented banks will generally provide better interest rates than the large national banks. However, this is not a common trend throughout the country. Many states in the northeast encounter much lower savings rates offered locally than those offered by large national banks.

Here are the highest yielding CD rates for Louisiana residents. These come in the form of 12 month, 24 month and 36 month CD’s. You will almost always find higher rates packaged together with longer maturities, therefor I listed the rates that beat the national average by the highest margins for their given maturities.

Best CD Rates (Louisiana)

clicking on the institution will bring you to their rates page (except for WYMAR Federal CU)

WYMAR Federal Credit Union: Geismar, Louisiana. 12 month CD yielding 3.30% APY with a minimum deposit of $5,000. WYMAR Federal Credit Union is very exclusive as far as memberships are concerned. They occupy most of the state of Louisiana, however only allow members that fall within their selected group of employers. Their savings rates were last updated in April of ’09, therefor may be slightly outdated. You my need to contact this institution directly for current rates (rather than referring to their website’s rate page).

Riverland Credit Union: New Orleans, Louisiana. 24 month CD yielding 3.50% APY with a minimum deposit of $1,000. Riverland Financial CU is a not-for-profit credit union whose earnings are returned to it’s members in the form of higher savings rates and lower loan rates. Like WYMAR, Riverland CU has fairly exclusive membership requirements in which you must work for, or be a family member of, a select group of employers in the greater Louisiana area. Visit their website for further eligibility requirements.

Advancial Federal Credit Union: Lafayette, Louisiana. 36 month CD yielding 3.80% APY with a minimum deposit of $1,000. Advancial Fed CU is another not-for-profit credit union serving a select group of people whom qualify for membership based on their employers. You may also qualify for membership if you are a in any way related to a current member or to someone who works for one of the selected companies. Visit their website to view a full list of eligible employers.

All of the institutions mentioned above are insured by the NCUA. Your deposits are federally insured by the US government (up to $250,000).

Best 18 month CD Rates

Here is an updated list of the highest 18 month CD rates. In this list you will find the name of the institution offering the high rate, the rate itself, who can apply for an account (this is based of off physical residence) and a brief overview of the bank or credit union offering the product.

• Montauk Credit Union (New York) – 3.00% APY – Nationally Available – Montauk Credit Union is a not-for-profit, member-owned financial institution chartered in 1922 in Brooklyn, New York.
• Advancial Federal Credit Union (Texas) – 2.97% APY – Employment Based Availability in Texas – Established in 1937, Advancial Federal CU is a full service financial institution serving a select group of partners in the state of Texas.
• SouthEast Financial Credit Union (southeastern states) – 2.75% APY – Southeastern Residents – Established in 1936 in Tennessee, SouthEast Financial CU serves roughly 60,000 members in several states. Their assets top $413 million.

An 18 month CD is a fairly odd duration of time as far as bank certificates are concerned and therefor are not a common product. You may want to compare this to other top yielding CD’s with more common maturity dates. Recently local credit unions and small banks have been offering better savings rates than the national powerhouse banks.

18 month jumbo CD through Advancial Federal Credit Union

Just got tipped off on a high yielding 18 month CD and 18 month jumbo CD being offered through Advancial Federal Credit Union out of Texas.

Their regular 18 month CD carries an APY of 3.17% and their 18 month jumbo CD carries and APY of 3.37%. In order for your certificate of deposit to qualify as a “jumbo” it must meet the minimum deposit amount of $50,000.

Like most credit unions, this one comes with some exclusive requirements as far as membership is concerned. 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.

Besides their 18 month certificates, they have other CD products which significantly trump the national average (see below). Apply for membership.