Local Austin Banks with the Best CD Rates

When shopping around for the highest certificate of deposit interest rates, it helps to look at local financial institutions. Generally, smaller banks are especially invested in the communities they serve and thus, make providing the best rates to customers a top priority.

However, finding the best CD rates in Austin can be tough if you don’t know where so start, so we’ve compiled the best rates across various term lengths for community banks in the area.

Austin Banks with the Best 6-Month CD Rates

• Austin Telco Federal Credit Union: 0.75%
• Independent Bank of Austin, SSB: 0.75%
• Central National Bank - Waco, Texas: 0.6%

Highest 12-Month CD Rates from Austin Banks

• Independent Bank of Austin, SSB: 1%
• Austin Telco Federal Credit Union: 0.9%
• Central National Bank - Waco, Texas: 0.9%

Best 24-Month CD Rates from Austin Banks

• Austin Telco Federal Credit Union: 1.36%
• Independent Bank of Austin, SSB: 1.2%
• Union State Bank Texas: 1.1%

Please note that these rates are accurate as of May 19, 2011 but are subject to change at any time.