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CD Rates in Texas June 2024

Updated June 1, 2024

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Current 1 year CD trends
Bankrate Partner average
4.85% APY
National average
1.81% APY

How to find the best CD rates in Texas

Short-term vs. long-term CDs

Texas residents who don't need to touch their money for a couple of years may find that long-term CDs are their best bet, as it locks in a high yield even if banks slash rates down the road. Long-term CDs in today's market have the potential to outpace inflation. As such, if you have enough cash, now might be a good time to invest in a CD ladder.

Texas residents who don't want to tie up their money for too long will still find high, perhaps even more favorable, yields for short-term CDs. Moreover, these CDs shave off some of the risk associated with early withdrawal penalties, since your money is locked down for a shorter amount of time.

How to compare CD rates in Texas

Research methodology

Since 1976, Bankrate has been a leading publisher of rates and personal finance articles. It is also often cited by some of the most respected and well-known publications and websites. The Bankrate promise is that we strive to help our readers make smarter financial decisions, adhering to strict principles of editorial integrity and transparency.

Bankrate’s editorial team is made up of five banking experts. These experts have researched many banks and at least twice a month go to bank websites to make sure readers stay up to date on the latest rates and bank products.

We select banks that have high annual percentage yields (APYs) and that are popular and broadly available, and we include some of the largest banks.

Note: Bankrate doesn’t include callable CDs or brokered CDs on this page and compares regular CDs and no-penalty CDs separately.

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