Texas certificate of deposit rates barely budged for the week ending May 29, 2009.  The best six month CD rate continues to be produced by Wilshire Sate Bank with a rate at 2.52%.  The average of the best six month CD rates in Texas managed to inch out a gain and crept up slightly to 2.32% from 2.31%.  As low as the offers may first appear to be, all of the highest six month CD rates in Texas are above the best national rate of 2.20%.

The best one year CD rates in Texas were unchanged and lag the best national rates by a sizable margin.  The highest CD rate available nationally with a one year term comes from Ally Bank with an interest rate of 2.80%, the highest rate in Texas is at 2.58% and can be found at Collin Bank.  The remaining bank rates in this term remain close with Mutual Bank offering a one year CD rate of 2.56%, Wilshire State Bank at 2.52% and United Central Bank marketing a one year CD with an interest rate of 2.50%.

 The average of the best two year CD rates moved up from 2.67% to 2.68%, however the top rate remained steady at 2.75%.  The highest rate comes from Texas Security Bank but is ten basis points or 10/100 of a percent behind the best national rate of 2.85%.  Collin Bank and Commercial National Bank also offer two year CD rates within spitting distant of Texas Security Bank with rates at 2.73% and 2.70% respectively.

The five year CD rates in Texas are fairly anemic yet gained two basis points for the week on average.  The best five year a CD rate is at 3.50% and is available from Green Bank as well as Northstar Bank of Texas.  The spread for the best bank rates for this term remains fairly wide with the lowest rate coming from La Jolla Bank at 3.25%.

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