Rates Current as of Friday March 12, 2010
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The Best CD Rates in Texas for June 5, 2009

Posted in June 9th, 2009
by admin in Texas CD Rate Updates

CD rates in Texas were little changed for the week of June 5, 2009.  The average for the best six month CD rates was unchanged at 2.32%.  The average for the best one year CD rates rose by one basis point or 1/100 of a percent to 2.52%.  The average for the two year CD [...]

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CD Rates in Texas for the week ending May 29, 2009

Posted in June 1st, 2009
by admin in Texas CD Rate Updates

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 [...]

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The Best CD Rates in Texas for the week of May 22, 2009

Posted in May 27th, 2009
by admin in Texas CD Rate Updates

The best CD rates in Texas were a mixed bag for the week with the six month CD rates and one year CD rates producing better yields while the two year CD rates remained unchanged and the best five year CD rates dropping marginally.  While longer term CD rates on the national lists have been [...]

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CD Rate Updates

Certificate of Deposit Interest Rates March 8, 2010

According to this week’s survey of the top ten best certificate of deposit rates available nationally, performed by Selectcdrates.com, bank CD rates have now reached new lows for the year.  Bank CD interest rates were down for all terms or maturities again this week.  
The average rate for the top ten highest 6 month bank CD [...]

Bank Certificate of Deposit Rates February 22, 2010

It seems hard to believe that bank certificate of deposit rates could slide much lower, but the past week was in fact another down week for most all CD maturities.  The results of the selectcdrates.com weekly bank rate survey indicated that CD rates were lower across all terms with the exception of the long term, five year [...]

CD Interest Rates February 15, 2010

CD interest rates continued to slide further in 2010.  The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010.  The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
The selectcdrates.com [...]

Banking & CD FAQs

If I bank by telephone or the Internet, are my legal protections the same as when I bank in person?
Yes. In addition, you’re protected by the Electronic Fund Transfer Act, which governs consumer rights involving errors in the handling of electronic deposits, payments or withdrawals, and limits on consumer liability for unauthorized transfers.
If I have a check that is made out to me, but I would like to endorse it and send it to someone else so say they can deposit into their bank account and have the funds. Can I do this and how should I do this?
The proper way to make the check that is currently payable to you, payable to someone else, is to apply what is called a restrictive endorsement. You should sign the back of the check and write, “Pay to the order of … ” filling the persons name you wish to have the check paid
What is an enhanced cash management funds?
An enhanced cash product is a general term that refers to funds that are typically not registered with the SEC and that seek yields slightly higher than those of money market funds. In seeking those yields, however, enhanced cash products can exceed the SEC rule restrictions imposed on money market funds governing the credit
How many times will a bank allow an insufficient funds check to be redeposited or resubmitted?
Generally, a national bank will redeposit the check twice. However, there are no laws that determine how many times a check has to be resubmitted or may be resubmitted.
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.29%

1 Year CD Rates
1.67%

2 Year CD Rates
2.10%

5 Year CD Rates
3.22%

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Money Market Act. Rates
1.33%

Savings Account Rates
1.47%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

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Bank & CD Tips

Embracing Online Banks and Bank Accounts
There is no reason to fear online banks and internet bank accounts.  Banks that offer CDs and savings accounts online often offer very competitive rates.  Online-only banks often offer some of the best CD rates nationally.  They have lower overhead than the brick-and-mortar banks so they can pass the savings on to you.  Security measures with these
Bank Savings Rates and CD Rates Will Adjust with the Market
As market conditions change, banks will adjust the interest rates they pay on certifcates of deposit, savings accounts, interest bearing checking accounts and money market accounts.  CD rate changes may be slow while checing account, money market account and savings rates will move quicker.  If your bank is not making favorable adjustments when rates improve, its
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