2-Year CD Rates Deal of the Day in Austin: Frost Bank at 1% APY

May 12th, 2010

If you would like to earn a better interest rate than a traditional savings account and don’t need to access your money for a while, consider investing in a CD. Frost Bank can help you achieve your earning goals by offering a 1% APY for 24-month rates.

Earning the advertised rate on a 2-year CD requires you understand the following:

2-year certificate of deposit rate of 1% APY apples on deposit amounts ranging $1,000.00 – $99,999.99
The total potential interest has been calculated on the 2-Year CD reaching maturity
Early withdrawal penalties will apply
FDIC insured

The Frost National Bank has been operating in Texas since 1868. The bank first opened under the name of San Antonio Bank and has since become Cullen/Frost Bankers. They currently hold over $15 billion in assets. While headquartered in San Antonio, Texas there are 100 additional financial centers throughout the state. Save time by starting the application process for the 24-mo CD rate online.

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

Current Austin CD Rates News

Best Austin CD Account Rates

Featured Rate		Bank / Credit Union	Account Type
1.80% As of August 30, 2010	View Rate Details	Discover Bank	CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)		Bank / Credit Union	Account Type
1.76% As of August 27, 2010	View Rate Details	Austin Telco Federal Credit Union	CD Account
1.55% As of August 27, 2010	View Rate Details	Independent Bank of Austin, SSB	CD Account
1.51% As of August 26, 2010	View Rate Details	Community State Bank	CD Account
1.35% As of September 1, 2010	View Rate Details	United Heritage Credit Union	CD Account
1.20% As of September 1, 2010	View Rate Details	Union State Bank Texas	CD Account
1.01% As of August 31, 2010	View Rate Details	Texas Capital Bank	CD Account

	Rate Change	Date
Union State Bank Texas - 2 Year CD Account	1.30% to 1.20%	Sep 1, 2010
Union State Bank Texas - 12 Month CD Account	0.95% to 0.90%	Sep 1, 2010
Union State Bank Texas - 6 Month CD Account	0.65% to 0.60%	Sep 1, 2010
Government Employees Credit Union - 2 Year CD Account	1.11% to 1.01%	Aug 30, 2010
Government Employees Credit Union - 12 Month CD Account	1.01% to 0.90%	Aug 30, 2010
Government Employees Credit Union - 6 Month CD Account	0.90% to 0.80%	Aug 30, 2010

See All CD Account Rates

Austin CD Rates

Welcome to “Silicon Hills” in Austin. With enough major technology corporations splattered around town and more affordable housing than Silicon Valley, many modern day tech wiz kids are setting up roots in town and need to find investment opportunities to diversify their investment portfolio. With Austin Banking Rates browse options for the highest rates on CDs in Austin and plan a strategy for your financial future.

The feds just lowered interest rates so finding great Austin CD rates isn’t as easy as it used to be. Austin Banking Rates will pull investment rate information from the entire local banking community so you can make an educated decision for your strategy.

Best CD Rates, IRAs and Investments in Austin

Austin Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.

Many local Austin credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Austin Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

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