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[Banks in Houston] Which bank has the best 12month CD rate?

Discussion in 'BBS Hangout' started by Luckyazn, Mar 30, 2006.

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  1. Luckyazn

    Luckyazn Member

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    I'm looking to open up a CD at a local bank but was wondering does anyone know what's the best CD rate right now and which bank?

    I've heard that some banks are offering 12 months in the 4-4.5% range?
     
    #1 Luckyazn, Mar 30, 2006
  2. Jugdish

    Jugdish Member

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    Dude, Peak Oil.

    Get a shoebox.
     
    #2 Jugdish, Mar 30, 2006
  3. room4rentsf

    room4rentsf Member

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    dude check out bankrate.com

    J
     
    #3 room4rentsf, Mar 31, 2006
  4. Dream Sequence

    Dream Sequence Member

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    Bank rate does not have every place. Moody just raised their rates, so they're not bad (i think 5%). alternatively, if you have a brokerage account, just buy a 1 year t-bill...
     
    #4 Dream Sequence, Mar 31, 2006
  5. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Why are you limiting yourself to "in town" banks? Go find an Internet bank. They pay great rates. Of course "great rates" and CD's may be an oxymoron, but...
     
    #5 Dr of Dunk, Mar 31, 2006
  6. No Worries

    No Worries Member

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    Get a brokerage account with Fidelity which has offices in town. From them, you will get the best rate for a one year CD (that is insured btw). Last time I checked one year CDs we almost a full point ahead of the liked term treasury bill.
     
    #6 No Worries, Mar 31, 2006
  7. brentdapmp

    brentdapmp Member

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    First it depends on how much money you are putting in. The less you put in the worse the rate. Second remember to see if you can get someone to give you a deal. I work at a bank and have noticed that rates can be negotiable some times. If they want your money bad enough they might raise the rate say from 3.0% to 3.5%. I think our CD rates are around 3% currently for those under 75k.
     
    #7 brentdapmp, Mar 31, 2006
  8. SWTsig

    SWTsig Member

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    #8 SWTsig, Mar 31, 2006
  9. No Worries

    No Worries Member

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    I think our CD rates are around 3% currently for those under 75k.

    FYI, beginning of the month I got 4.9% one year CD at Fidelity.

    [Edit: Just checked Fidelity.com. Now they have a 5.0% one year CD available.]
     
    #9 No Worries, Mar 31, 2006
  10. IROC it

    IROC it Member

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    Compass Bank... Tell them you were reffered by the "PBO" at the Trinity Mills branch in Carrollton. ;)

    My wife will get the credit for the deal... no commission, just a nod...

    Last week it was about 3.75% to 4%. ;)
     
    #10 IROC it, Apr 1, 2006
  11. dragonsnake

    dragonsnake Member

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    #11 dragonsnake, Apr 3, 2006
  12. Jackfruit

    Jackfruit Member

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    #12 Jackfruit, Apr 3, 2006
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