Texas CD rates moved within a narrow range for the week.  The best six month CD rates in Texas gained some ground, the one year and two year term CD rates dropped in yield and the five year CD rate was unmoved.  The change in CD interest rates moved in the opposing direction of the national bank CD rates which were down for the week on the six month and two year term while remaining unchanged on the one year and five year terms.

The average of the best six month CD rates in Texas gained three basis points or 3/100 of a percent to end the week at 2.06%.  The average for the best one year CD rates dropped six basis points moving from 2.29% to 2.26% to close the week.  The two year term CDs were also down by six basis points for the week, bringing the average interest rate down to 2.61%.  The five year CD rates in Texas held firm with no change week over week with a yield of 3.36%.

The leader in the six month CD rate category was First State Bank which offers an odd term, seven month CD with an interest rate of 2.27%.  The best one year CD rate is promoted by Central National Bank with an extended term, 17 month CD that yields 2.40%.  In the two year CD rate category for the state of Texas the best bank rate comes from First State Bank with a 19 month CD rate at 3.03%.  The best five year CD rate in Texas comes from three separate banks including Citibank, Green Bank and the First National Bank of Port Lavaca.

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