CD rates in Texas increased for the week ending September 18, 2009.  Texas CD rates were higher for all terms by week end with the greatest rate increases occurring in the one and two year term bank CDs.

The average of the best six month CD rates in Texas ended the week up two basis points or 2/100 of a percent with an average rate of 2.08%.  The best six month CD rate comes from First State Bank which offers a promotional seven month CD with an interest rate of 2.27%.

One year CD rates in Texas pushed ahead eight basis points.  The average of the best one year CD rates closed the week at 2.34% from 2.26% in the previous week.  Plains State Bank has the highest rate in this term with an eleven month CD that yields 2.55%.

The best two year CD rates in the Lone Star state jumped by eleven basis points at week’s end.  The average of the best two year CD rates was at 2.72%, an increase from the prior week’s average of 2.61%.  Icon Bank offers a two year CD rate at 3.04% which leads the state.

Five year CD rates didn’t disappoint and moved higher as well.  The average for the best five year CD rates in Texas stood at 3.39% and increase of two basis points from the previous week’s close of 3.37%.  Green Bank and First National Bank of Port Lavaca both offer five year CD rates at 3.50% to top the list.

With the exception of the five year term, all of the best CD rates in Texas are exceeding the national averages.  Shop the best national averages as a reference point, but for residents of Texas there is a definite rate advantage with hometown banks.

Tags: , , , , , , , , , ,

No user commented in " Texas CD Rates for the Week Ending September 18, 2009 "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)