Texas Banking Rates

Average August CD Rates for Texas

It’s easy to set aside some money in a savings account and forget about it, but this savings strategy won’t grow your funds to the fullest extent. A certificate of deposit will often provide higher earnings than a traditional savings account, but the key is finding the best CD rates in Texas before committing a deposit. By knowing what’s presently available in your state, you’ll be able to pinpoint the best offers and make your money work for you.

For example, just knowing what kind of range of interest rates to expect from the financial institutions in your area will give you a better understanding of a “good” rate versus a less competitive one. Take a look at the following averages for CD rates in Texas across various term lengths and see what you can expect to find in a certificate of deposit near you.

Average CD Interest Rates in Texas

Texas 2-Year CDs

There are currently [accountcount type=”24″] CDs offered in Texas for a term of 2 years. Of those accounts the highest rate is [accountlist type=”24″ order=”desc” count=”1″ bankname=”off”] APY, while the very lowest is [accountlist type=”24″ order=”asc” count=”1″ bankname=”off”] APY. The average 2-year CD rate in the state today is [accountaverage type=”24″] APY.

1-Year CDs in Texas

Out of a total [accountcount type=”12″] accounts available, the highest Texas 1-year CD rate is [accountlist type=”12″ order=”desc” count=”1″ bankname=”off”] APY and the lowest is [accountlist type=”12″ order=”asc” count=”1″ bankname=”off”] APY. The average rate among these accounts is [accountaverage type=”12″] APY.

Texas 6-Month CDs

Banks and credit unions in and around Texas currently have [accountcount type=”6″] certificates of deposit available for a 6-month term. The lowest rate you’ll find today [accountlist type=”6″ order=”asc” count=”1″ bankname=”off”] APY and the highest is [accountlist type=”6″ order=”desc” count=”1″ bankname=”off”] APY. The average 6-month CD rate in Texas today is [accountaverage type=”6″] APY.

These rates are as of August 12, 2011. Please note they are subject to change at any time.