Find the best Fort Worth bank rates, including CD rates, savings rates, mortgage rates and auto loan rates.

Study: How Do Fort Worth Savings Account and CD Rates Compare to the Rest of the Country?

fort worth cd ratesThe current savings environment is highly discouraging for depositors – interest rates in Fort Worth and beyond are only dropping closer to zero, and those who are looking for high-yield accounts to help grow their balances are facing an increasingly tougher challenge. Fortunately, local banks and credit unions are known for offering more competitive rates, so we performed a study comparing Fort Worth rates against Texas and the U.S. to find out if local residents truly have better savings options locally.

Using our database of more than 5,000 financial institutions, we found the average Fort Worth savings account rate, as well as average rate on 6-month, 12-month and 2-year CDs in the city, and compared those numbers with Texas and national averages.

Our findings show that on average, Fort Worth rates outperform the nation as a whole, though not quite to the extent that the entire state of Texas does.

National Average Interest Rates

  • 6-Month CD: .29% APY
  • 1-Year CD: .43% APY
  • 2-Year CD: .64% APY
  • Savings Account: .20% APY

Texas Average Interest Rates

  • 6-Month CD: .36% APY
  • 1-Year CD: .52% APY
  • 2-Year CD: .74% APY
  • Savings Account: .25% APY

Fort Worth Average Interest Rates

  • 6-Month CD: .33% APY
  • 1-Year CD: .45% APY
  • 2-Year CD: .67% APY
  • Savings Account: .15% APY

Fort Worth Savings Account

Top 10 Fort Worth Savings Account Rates*

InstitutionSavings Rate
My Credit Union Texas0.35
Fort Worth City Credit Union0.25
Fort Worth Community Credit Union0.25
Unity One Credit Union0.25
Family 1st of Texas Credit Union0.20
First Command Bank0.20
Ben E Keith Company Employees Credit Union0.15
Colonial Savings, F.A.0.15
IBEW 116 Credit Union0.15
EECU0.10
First Class American Credit Union0.10
Meridian Bank Texas0.10
Natural Resources Conservation Service Federal Credit Union0.10

*Tie for 10th place

About This Fort Worth Interest Rate Study

The averages in this study were calculated using data from FortWorthBankingRates’ exclusive database, which compiles interest rates offered by more than 5,000 online, national and community banks and credit unions. All data included was accurate as of May 31, 2013. Rates are based on an assumed balance of $10,000, pulled from offers published by the financial institution on their website. All rates are at the discretion of the financial institution offering them, and may have been changed since the data was collected.

Image: David via Wikimedia Commons

Casey Bond is a prolific personal finance writer and currently serves as the managing editor and voice for www.GoBankingRates.com. Her work regularly appears in a number of major national publications, including Business Insider, US News & World Report, and Yahoo! Finance. Casey can also be found on The Street, MSN, Huffington Post, Fox Business, LearnVest, Redbook, Style, and ABC News radio.

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