Best CD Rates in Texas

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As the saying goes, “Everything is bigger in Texas.” But does that apply to Lone Star State’s CD rates? We analyzed rates from banks and credit unions throughout Texas to find the highest savings rates across various terms of CDs at banks and credit unions available, providing a compressive list of the best CD rates in Texas.

Let’s take a look at some of the best CD rates Texas banks and credit unions have to offer investors!

Barclays Bank

Term 6 Months 9 Months 12 Months 18 Months 2 to 4 Years 5 Years
APY
Rates are current as of Jan. 23, 2025.

Barclay’s Bank serves 48 million clients worldwide, including Texas residents. The bank’s online CDs offer high yields of 3% or more, depending on the terms. Best of all, there’s no minimum deposit or minimum balance requirements to earn interest, and interest compounds daily. A 12-month CD offers the best value, with an APY.

Bask Bank

Bask Bank is the online division of Texas Capital Bank. With APYs close to 4% for most of their CDs and a minimum opening deposit of $1,000, Bask earns the second spot on our list for best CD rates in Texas.

Terms range from 3 months up to two years, so if you’re looking for a longer-term savings plan, consider other options. But a new 3-month CD delivers a APY, one of the best in the country right now.

Term 3 Months 6 Months 9 Months 12 Months 18 Months 24 Months
APY
Rates are current as of Jan. 23, 2025.

State Bank of Texas

The State Bank of Texas focuses on relationship and business banking for residents of Texas and beyond. With an emphasis on hospitality lending and supporting local businesses, the State Bank of Texas may not be your first thought when you’re shopping around for the highest CD rates in Texas.

However, the bank currently offers a 12-month jumbo CD with a high APY. It requires a $50,000 minimum deposit.

State Bank of Texas doesn’t publish rates for CDs with other terms or lower minimum deposit requirements, but you can call or stop in a local branch to find out.

Gulf Coast Educators Federal Credit Union

The Gulf Coast Educators Federal Credit Union (GCEFCU) is open to educators and school employees in Texas and their immediate family members. The credit union consistently offers term share certificates (CDs) with APYs over 3% and jumbo certificates with APYs exceeding 4%. Regular CDs require a $1,000 minimum opening deposit.

Members who qualify for a Premium Deposit Account earn an extra .50% bonus on CDs (except jumbo CDs). To qualify for a PDA, you must use at least three of the following services: checking account, direct deposit, loan, IRA, Visa debit card, Billpay service. The chart below refers to APYs for regular accounts, not PDAs.

Term 3- or 6 mos. 1 yr. 2 – 5 yr. 3- or 6 mos. (jumbo) 1 yr. (jumbo) 18 mos. or 2 yr. (jumbo)
APY to to
Rates are current as of Jan. 23, 2025.

Texas Trust Credit Union

Texas Trust serves residents of Dallas, Denton, Ellis, Henderson, Johnson, Tarrant, and Tom Green counties. If you or a family member works or worships in these counties, you can join.

Texas Trust offers high-yield CDs with terms from three months to five years. You will need a minimum balance of $500 to open a CD. Texas Trust Credit Union is offering a few CD specials to allow members to take advantage of high APYs.

To qualify for the promotional rates, at least $250 of that must be new money, not funds transferred from another Texas Trust account. Texas Trust also offers CDs for kids ages 17 and younger, requiring just $100 to start. Meanwhile, a special term share CD, open to any member, allows you to withdraw dividends without penalty. The credit union also offers CDs for members 55+, allowing for some penalty-free withdrawals. The chart below shows rates for regular and promotional CDs.

Term 3 mos. 6 mos. 7 mos. 1 yr. 13 mos. 2 yrs. 3 yrs. 4 yrs. 5 yrs.
APY
Rates are current as of Jan. 23, 2025.

Greater Texas Credit Union

Greater Texas Credit Union is open to those who live, work, worship, study, or own a business in specific central Texas counties, which includes portions of Brazos, Bastrop, Dallas, Harris, Hays, Hidalgo, Bexar, Tarrant, and Travis counties, as well as students and employees of Texas State University and many central Texas school districts.

The credit union offers regular and jumbo CDs with rates over 4% APY. Regular CDs require a $1,000 deposit while jumbo CDs require $95,000 or more.

Term 3 mos. 6 mos. 1 yr. 18 mos. 24 mos. 30 mos. 36 mos. 42 mos. 4 yrs. 5 yrs.
APY (regular)
APY (jumbo)
Rates are current as of Jan. 23, 2025.

Capital One

Capital One is a national bank, ranked ninth in size in the U.S. based on assets. The bank has multiple branches in Texas, but customers will find the best CD rates through Capital One 360, the bank’s online arm.

Refer to the chart for other terms and APYs available now.

Term 6- or 9 mos. 1 yr. 18 mos. 2 yr. 30 mos. 3 yr. 4 yr. 5 yr.
APY
Rates are current as of Jan. 23, 2025.

Randolph-Brooks Federal Credit Union

Randolph-Brooks Federal Credit Union serves residents of Austin, Corpus Christi, Dallas-Fort Worth, and San Antonio, Texas, with more than 60 branches across these regions. The credit union offers share certificates with yields as high as 4.30% APY for a jumbo CD with an 18-month term. Regular CDs require a $1,000 minimum opening deposit. Rates are tiered depending on the amount of the deposit and also vary by terms.

The credit union offers CDs ranging from 6 to 84 months to help you meet your savings goals. The chart below details some of the highest certificate rates at RBFCU.

Term 6 – 11 Months 12 – 23 mos. 18 Months 24 – 35 Months 36 – 47 Months 48 – 59 Months 60 – 71 Months 72 – 83 Months 84 mos.+
APY (regular)
APY (jumbo – $75K+
Rates are current as of Jan. 23, 2025.

Final Note

Of course, you shouldn’t hesitate to look outside your home state for the best CD rates for Texas savers. With online banking growing in popularity, you don’t need a local branch to open a CD at the highest rate.

Plus, you can find high rates at national banks and credit unions serving Texas customers.

Best Texas Banks CD Rates FAQ

Although the basic idea behind finding the best CD rates can be simple to understand, there are still many common questions surrounding them, in part because there are so many different options. Here are the answers to some of the most frequently asked questions regarding Texas CD rates.
  • What is the best CD rate in Texas?
    • The entries on this list are a great place to start your search for Texas-based CDs. If you want to look for some of the best CDs rates nationwide, you'll have more options.
  • Can you get 6% on a CD?
  • Do you pay taxes on CDs?
    • Yes, you'll need to pay your annual federal income taxes on money made from CDs. Since all earned income needs to be reported to the IRS for tax purposes, you'll need to factor in your money made from CDs maturing during tax time.
  • What's the biggest negative of putting your money in a CD?
    • While CDs promise healthy returns to investors, you need to finish the full term to cash in. CDs typically come with baked-in early withdrawal penalties for those withdrawing early, significantly reducing their promised return. Unless you're 100 percent sure you can part with the money you're investing for the full CD's term, then avoid opting for a CD.

*Capital One interest rates are accurate as of Jan. 23, 2025. See the website for all current rates.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

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