Houston CD Rates Survey for the week February 20, 2012

Written by: PrimeRateNews Staff

Houston CD Rates Survey for the week February 20, 2012

According to a recent Primerates.com survey conducted on February 20, 2012 of Houston CD rates offered by the area banks & credit unions, Houston’s largest financial institutions offered short-term savers 6 month CD’s with rates between 0.05% at Wells Fargo (www.wellsfargo.com), and 0.40% at Compass Bank (www.bbvacompass.com). Compass Bank (www.bbvacompass.com) also has the highest 2-year and 5-year CD rate, with 1.24% CD and 1.98% CD respectively.

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 0.40% 0.50% 1.24% NA 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 0.10% 0.15% 0.20% 0.45% 0.65% 0.75%
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% 1.04%

 

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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Houston CD Rates Survey for the week February 20,...

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