Quontic Bank CDs
Finder score
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
While CD rates are still high, now’s the time to lock in. Texas has a lot of banks and credit unions with very high CD rates, but there are also online banks to consider. We’ve narrowed down the best CDs in Texas, featuring deposit requirements of $1,000 or less and rates more than double the national average.
Quontic Bank CDs
Finder score
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
1-year APY | 4.00% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $500 |
Alliant Credit Union CDs
Finder score
1-year APY | 4.50% |
---|---|
3-year APY | 3.80% |
5-year APY | 3.65% |
Minimum deposit to open | $1,000 |
1-year APY | 4.50% |
---|---|
3-year APY | 3.80% |
5-year APY | 3.65% |
Minimum deposit to open | $1,000 |
Ciera Bank
Finder score
1-year APY | 4.75% |
---|---|
3-year APY | 3.95% |
5-year APY | 3.55% |
Minimum deposit to open | $1,000 |
1-year APY | 4.75% |
---|---|
3-year APY | 3.95% |
5-year APY | 3.55% |
Minimum deposit to open | $1,000 |
Susser Bank
Finder score
1-year APY | 4.25% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $1,000 |
1-year APY | 4.25% |
---|---|
3-year APY | 3.25% |
5-year APY | 3.00% |
Minimum deposit to open | $1,000 |
Ally High Yield CDs
Finder score
1-year APY | 4.25% |
---|---|
3-year APY | 3.60% |
5-year APY | 3.60% |
Minimum deposit to open | $0 |
1-year APY | 4.25% |
---|---|
3-year APY | 3.60% |
5-year APY | 3.60% |
Minimum deposit to open | $0 |
Marcus by Goldman Sachs High-Yield CDs
Finder score
1-year APY | 4.50% |
---|---|
3-year APY | 4.15% |
5-year APY | 4.00% |
Minimum deposit to open | $500 |
1-year APY | 4.50% |
---|---|
3-year APY | 4.15% |
5-year APY | 4.00% |
Minimum deposit to open | $500 |
Credit Human Share Certificates
Finder score
1-year APY | 4.05% |
---|---|
3-year APY | 3.75% |
5-year APY | 3.85% |
Minimum deposit to open | $500 |
1-year APY | 4.05% |
---|---|
3-year APY | 3.75% |
5-year APY | 3.85% |
Minimum deposit to open | $500 |
Finder’s experts compared Texas-based banks and credit unions to find the best CD offerings. We heavily considered banks based or headquartered in Texas and online banks that service Texas. We only considered CDs with minimum opening deposits no higher than $1,000 and rates at least double the national average rate for CDs of the same term.
Any great CD will have a high APY, allowing your money to earn the most it can. You should also consider the opening deposit requirements and whether the term suits your situation.
Federal rates can change up to eight times a year, because that’s how often the Federal Open Market Committee (FOMC) meets to discuss the federal funds rates. However, individual banks, credit unions and fintechs can adjust their savings and CD offerings at any time.
With most CD types, your interest rate is fixed for the whole term. Even if a bank lowers its CD and savings rate offerings, your CD remains fixed if you opened it before the rates dropped. Fixed-rate CDs are guaranteed to earn the interest rate offered at the time you opened the CD.
Experts often consider CDs a safe way to earn interest because your rate is fixed. However, you won’t have penalty-free access to those funds until the term ends. With savings accounts, rates are variable. You could open a savings account today with a 5% APY and access your funds without penalties, but the bank may lower that rate to 1% tomorrow.
You may not want to lock your savings away for months at a time — consider these CD alternatives for other ways to save:
CDs are a great place to store some savings and make your money work for you. For more high-yield CD options, compare the best CD rates overall.
At CD maturity, you can roll over your money into a new CD or cash it out and move your money to a checking, savings or investing account.
Compare, choose and apply for a certificate of deposit on finder.com. Competitive interest rates from leading financial institutions in the US.
Some of the highest CD rates in Florida are from Quontic Bank, Bethpage Federal Credit Union, First Internet Bank and more. See the full list here.
Some of the highest CD rates in Michigan are from Flagstar Bank, Quontic Bank, First Internet Bank, Ally Bank and more. See our full list here.
Savings rates are dropping, but you can lock in a high-APY CD without penalties for early withdrawal. Sallie Mae and Marcus CDs top our list.
Finding the best CD rate is vital to ensuring that your savings balance grows to the maximum amount possible in the shortest time.
Raisin’s Sallie Mae CDs offer a big APY for a small opening deposit.
See what the average interest rate was in the US for 3-month, 60-month, 1-year, 3-year and 5-year CDs since 2009 and learn how the economy affects rates.
Learn the difference between Money market accounts and CDs and find out which is best for you.