Texas Banking Rates

Why just put your money in any Texas bank account when you could actually earn money while saving? There are so many options today, you can have your pick of the best bank accounts and rates. While shopping around for the account that best suits your needs, it’s important that you consider a few key factors, including: Interest rates, banking fees and minimum deposit amounts.

Who Is TDECU?

The Texas Dow Employees Credit Union (TDECU) was founded in 1955 by volunteer workers. It is the largest locally-owned financial institution on the Texas Gulf Coast.

Currently, this credit union serves more than 132,000 members with assets of over $1.5 billion. TDECU also offers 22 service locations, including 18 physical branches, 24/7 call centers and 40,000 surcharge-free ATMs. You may also access your accounts through the Credit Union Service Centers network of over 4,100 shared branches.

Now that we’re in a new month, it’s a good time to take a look at current interest rates in Texas.

Texas Banking Rates has compiled a list of the best interest rates in the city for savings accounts and certificates of deposit. Find out if your accounts measure up or if it’s time to open a new one with a better rate.

If you’re currently looking for the best interest rates around, you can begin looking at the local financial institutions within your state of Texas. Community banks and credit unions are generally known for providing higher rates, though not all local institutions can compete with the top offers in the state. That’s why it’s so important to research all of the highest rates near you before opening an account.

CD rates in have remained relatively steady over the past month, but there has been some movement. For anyone searching for the best CD rates today, below is a list of the top offers from banks and credit unions in , Texas:

Highest 6-Month CD Rates

• Security Service Federal Credit Union: 4.05%
• Sweetwater Regional Credit Union: 2.32%
• Express-News Credit Union: 2.26%

• Security Service Federal Credit Union: 4.45%
• Harris County Credit Union: 2.53%
• Express-News Credit Union: 2.5%

• Security Service Federal Credit Union: 4.4%
• Express-News Credit Union: 2.75%
• Coastal Community And Teachers Credit Union: 2.55%

If you live in the state of Texas and are thinking about opening a 2 Year CD account, there are certain account characteristics you’ll need to consider before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate you’ll earn is at the top of the list.

Longer term lengths generally yield higher CD rates, which is why a 24-month CD is a great investment option. That doesn’t necessarily mean every 2 year CD rate is good, however. Texas Banking Rates can help familiarize you with the rates available in state and find the rates that are truly competitive for the area.

If you’re a mortgage lender of any type, or a Realtor, a builder, a homeowner, an elected state official, a school teacher, or if you have anything to do with the Texas housing and real estate industry in any way, listen up. This has something to do with you and you need to know about it.

It’s crucial to make smart, well-informed financial decisions in these shaky economic times. Texas Banking Rates knows where to get the information you need, which could make a major difference in your financial picture. Best of all, you get to do it from the comfort of your own home – for free. Start exploring with a free credit report. You’ll get a detailed personal analysis of your history with tips on how to improve your credit.

A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Texas Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.

Texas Banking Rates works with Credit Card companies who spend a great deal of money to help protect against anyone trying to steal your credit card. Credit Card Fraud is unfortunately a wide-spread problem, and the best companies continue to improve their security to protect you. As they continue to work hard with our customers and the credit bureaus to prevent and reduce credit card fraud and save money, the lower credit card rates for consumers will go. Be sure to protect your identity and monitor your credit card activity to prevent identity theft, and catch it early in the event that it happens to you.