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Archive for Texas

Best 1 month CD from Lone Star Bank

By BankAim · Comments (0)
Thursday, April 21st, 2011

Looking for a place to store your money for the short term? Lone Star Bank in Texas is giving out a great deal on 1 month CD’s. With a rate of 0.65% APY, this 1 month CD beats even some provider’s 3 month CD rates.

Here’s what happens when you place your money in a certificate of deposit. Generally, you get to earn more with the higher interest rates, and with only a 1 month term, there’s no need to worry about having your money locked in when you need it the most. Plus, you can always opt to lengthen or continue the term if you don’t have any plans of using your money just yet.

Lone Star Bank gives the biggest return on a 1 month certificate of deposit, with other institutions giving only .15 to .30% interest. The minimum deposit for this CD is only $1,000 and with your money compounded daily, you get to earn more.

As the name suggests, Lone Star Bank is one that originates in Texas. Their claim is that they do banking in a personal, and Texan style way. Lone Star Bank originated in the 1920’s in Moulton, and has since gone strong. Branches can be found in Moulton, Shiner, Brazoria, Gonzales, Austin and North Austin. It’s FDIC insured and offers a wide range of banking services.

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Categories : CD Rates
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The Best 3 Year CDs Still Push Pass 2%

By BankAim · Comments (0)
Tuesday, October 5th, 2010

I think Melrose Credit Union just wants to lead in most of the CD rates as they just upped their 36 month CD rate to 2.27%, with a minimum deposit of $5,000.

Danversbank from Boston was holding the top spot at 2.50% APY, but recently dropped their rate to 2.00% APY causing them to lose the highest CD rate on the market.

Melrose Credit Union is out of New York and is open to all residents throughout the United State. They have a $1 joining fee which makes all of their certificates of deposit worth looking at. Since they hold the top spot for the 12 month, 36 month and 60 month CD rates, its worth a look at. Melrose is also close to leading in the 24 month CDs category also.

To put these interest rates into perspective here is a list of the next top 3-year certificates of deposit:

  • 2.19% APY from Heritage Bank located in Phoenix and Tempe, Arizona. A minimum deposit of $5,000 is required.
  • 2.15% APY from Sallie Mae Bank, has no minimum deposit and is owned by the big student loan lender.
  • 2.08% APY from Bank of Internet, requires a minimum deposit of $1,000.
  • 2.05% APY from USAA out of Texas, requires a minimum deposit of $1,000.

All of these financial institutions take applications online and have no restrictions on who can apply.

Be sure to check out our best nationally available CD rates. CD rates can change at any moment, so be sure to verify the current rates being offered.

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Best CD Rates in Texas – October 2009

By BankAim · Comments (0)
Tuesday, October 6th, 2009

Below you will see the best CD rates for the state of Texas.

We have reviewed and sifted through many banks to find the best local rates Dallas Texas has to offer.

While with local CD rates you often get the personal touch of a friendly local banker, you may find the rates to be just under the national average.  You can check out our best cd rates to help you determine whether your local cd rates or national cd rates are better.

We determine the “highest” local rates by factoring in the CD rates with their respective term and comparing them to the national average.

Here are Dallas Texas’ best local CD rates.

6 Month

  • Texas Federal Credit Union – 1.92% APY – Minimum deposit = $1,000
  • SouthWest Airlines Federal Credit Union – 1.90% APY  – Minimum deposit = $1,000

12 Month

  • Baxter Credit Union – 2.50% APY – Minimum deposit = $50
  • SouthWest Airlines Federal Credit Union – 2.50% APY – Minimum deposit = $1,000
  • Branch Banking and Trust Company – 2.25% APY  – Minimum deposit = $2,500

24 Month

  • First National Bank – 2.68% APY – Minimum deposit = $1,000
  • SouthWest Airlines Federal Credit Union – 2.60% APY – Minimum deposit = $1,000
  • Washington Federal Savings and Loan Association – 2.50% APY – Minimum deposit = $1,000

All of the financial institutions mentioned above are insured by the FDIC or the NCUA.

Remember CD rates are time sensitive.  Please check with the financial institution for current rates and more details.  Refer to the date of this article for probable accuracy of cd rates.

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