According to a recent Primerates.com survey conducted on January 16, 2011 of Houston CD rates offered by the area banks & credit unions largest financial institutions offered short-term savers 6 month CD’s with rates between 0.05% at Wells Fargo (www.WellsFargo.com) and 0.30% at Bank of America (www.bankofamerica.com). Compass Bank (www.bbvacompass) offers the highest rates for all other maturities, including a highly competitive 2-year CD at 1.24% and a 5-year CD at 1.98%.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Banks | 6 Month | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year |
| JP Morgan Chase |
0.20% |
0.25% |
0.40% |
0.50% |
0.50% |
1.00% |
| Wells Fargo |
0.05% |
0.05% |
0.40% |
0.90% |
1.15% |
1.15% |
| Bank of America |
0.30% |
0.35% |
0.40% |
0.60% |
0.85% |
1.20% |
| Compass Bank |
0.25% |
0.50% |
1.24% |
0.95% |
1.24% |
1.98% |
| Amegy Bank |
0.10% |
0.10% |
NA | NA | NA | NA |
| Sterling Bank |
0.15% |
0.20% |
0.30% |
0.35% |
0.60% |
0.95% |
| Capital One |
0.20% |
0.20% |
0.30% |
0.50% |
0.70% |
1.00% |
| Frost National Bank |
0.20% |
0.25% |
0.40% |
NA | NA | NA |
| Comerica Bank |
0.15% |
0.20% |
0.30% |
0.35% |
0.60% |
0.95% |
| Bank of Oklahoma |
0.25% |
0.30% |
0.50% |
0.60% |
0.85% |
1.14% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
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