Highest Texas CD (Certificate of Deposit) Rates

Credit union can provide better TX-Texas CD (certificate of deposit) Rates for its CDs, that is if they are qualified to become members. If there is good assurance that your money will be safe while earning high interests, then credit unions can be a good alternative. The only problem with credit unions is that you have to be a member in order to avail the advantages. You also have to consider the credibility and years of service that the credit union has made. If your money is insured by the FDIC, then you have a good leverage already.

Compare the Best CD Rates in Texas

Account Type:
Certificates of Deposit
Amount:
Term:



Credit Unions Offer Better CDs with Higher Texas CD (certificate of deposit) Rates

A credit union is an organization that you can join, under certain qualification requirements, with the benefits of a bank and a community service group. Credit unions are basically not-for-profit organizations and the profits they reap will end up in the pockets of the members as dividends. In addition to that, credit unions provide a better investment than banks.

Credit unions provide banking services to its members in the form of savings and certificate of deposits. They gain an advantage over the banks with this, as their rates of return are greater than that of the banks. Furthermore, they remain competitive in the best certificates of deposit or CDs leader board, especially with their Texas CD (certificate of deposit) Rates.

People who want to invest on certificates of deposit might opt to get a membership with the credit unions. The reasons lie mostly on which institution provides the highest returns. Credit Texas CD Rates are higher than bank CD rates therefore attracting more people to join the credit unions. Unfortunately, not all of these interested people can become credit union members. There are certain conditions before an individual can become a member. The area of geography, age and other personal details are the considered in choosing the members. These limit the number of credit union CD owners.

Customer service also plays a role in certificates of deposit application. With many investors flocking online to obtain the best CD products out there, technical support telephones would naturally keep ringing. Online banking also allows customers or investors to apply for CDs through several methods: Fax, mail and the mostly used telephone. This feature also appears in the online banks websites, but still polls have revealed that the customer service at several credit unions is excellent beating that of the bank.

Certificates of deposit with very good Texas CD Rates are very ideal investments not just because the returns are high but because the deposited funds are secured. Investors must check the credit union's security membership, such as with National Credit Union Share Insurance Fund or NCUSIF to determine whether their deposit is insured and can be returned to them with finality in case of bankruptcy.

Credit union CDs remain to be the alternative for traditional cooking up debts. With the growing global opportunities, no one can deny that even credit unions are getting on the edge of technology. Their online websites alone have been marked by several depositors as user friendly. Users can also get and instant access to the credit union programs and view the Texas CD Rates easily through comparable charts. More to that, their customer services are excellent.

Credit unions have just one element that can provide them one point disadvantage than banks: the admission requirements. Not all interested people who want to get into a credit union are accepted. A person must be qualified under certain conditions to avail of the credit unions' services. Investors who don't get qualified are limited to finding the best Texas CD Rates in banks.

CD Rates by State:

ONLINE SAVINGS ACCOUNT

  • No minimum balance
  • Competitive rates, No risk

MONEY MARKET ACCOUNT

  • High rates, Access to money
  • FDIC Insured

CD Types


CDs Overnight Averages

Product
Yield
+/-
Last week


3 Mo CD
0.11
-
0.11


6 Mo CD
0.17
-
0.17


1 Yr CD
0.26
-
0.26


1.5 Yr CD
0.33
-
0.33


5 Yr CD
1.02
-
1.02


CDs Guides