Best CD Rates in San Antonio, Texas

Looking to grow your savings in the vibrant city of San Antonio, Texas? With a plethora of financial institutions San Antonio offers various CD options.

Whether you are a seasoned investor or just starting to build your career in this flow, securing the highest CD rates can significantly boost your earnings.

Let’s delve into the options available to ensure you make the most of your investment in this dynamic Texan city.

Overall Best CD rates in San Antonio, Texas

No.	Name of the Bank	APY %	Term Length	Address
1	Navy Federal Credit Union	5.05%	12-month	6814 N Loop 1604 E San Antonio, TX 78247
2	Credit Human Federal Credit Union	5.05%	12-month	6061 W I-10, San Antonio, TX 78201
3	Jefferson Bank	5.00%	3-month	1777 NE Loop 410 San Antonio, TX 78217
4	PlainsCapital Bank	5.00%	3-month	8200 W Interstate 10 San Antonio, TX 78230
5	Generations Federal Credit Union	5.00%	9-month	3401 Fredericksburg Rd, San Antonio, TX 78201
6	Randolph-Brooks Federal Credit Union	5.00%	3-month	111 W Houston St, San Antonio, TX 78205
7	Broadway Bank	4.97%	3-month	1177 NE Loop 410, San Antonio, TX 78209
8	Synergy Federal Credit Union	4.85%	3-month	19500 Bulverde Rd San Antonio, TX 78259
9	Frost Bank	4.55%	3-month	100 W Houston St San Antonio, TX 78205
10	Amegy Bank, National Association	4.54%	3-month	8525 Wurzbach Rd San Antonio, TX 78240
11	Texas Capital Bank, National Association	4.50%	3-month	7373 Broadway St San Antonio, TX 78209
12	Unify Financial Credit Union	4.50%	3-month	1 Lone Star Pass San Antonio, TX 78264
13	Wells Fargo Bank	4.50%	3-month	6919 S Zarzamora St San Antonio, TX 78224
14	Frost Bank	4.50%	3-month	Online
15	Navy Federal Credit Union	4.45%	18-month	5262 Fredericksburg Rd, San Antonio, TX 78229
16	City Public Service/IBEW Federal Credit Union	4.40%	3-month	1002 Camden St San Antonio, TX 78215
17	Firstmark Credit Union	4.16%	3-month	Online
18	United San Antonio Community Federal Credit Union	4.16%	3-month	Online
19	First United Bank	4.05%	18-month	17114 San Pedro Ave, San Antonio, TX 78232
20	Broadway Bank	4.04%	24-month	6061 W I-10, San Antonio, TX 78201
21	Bank of America, National Association	4.00%	3-month	1803 Broadway St San Antonio, TX 78215
22	Wells Fargo Bank	4.00%	12-month	300 Convent St, San Antonio, TX 78205
23	Security Service Federal Credit Union	3.68%	24-month	16211 La Cantera Pkwy, San Antonio, TX 78256
24	Lone Star Capital Bank, National Association	3.50%	3-month	755 E Mulberry Ave San Antonio, TX 78212
25	Woodforest National Bank	3.50%	3-month	1331 N Loop 1604 E, San Antonio, TX 78232
26	San Antonio Federal Credit Union	3.45%	3-month	11330 Potranco Rd San Antonio, TX 78253
27	Broadway Bank	3.45%	3-month	1 Randolph Brooks Parkway, Live Oak, TX 78233
28	Wallis State Bank	3.05%	3-month	10100 Reunion Pl San Antonio, TX 78216
29	RBFCU – Randolph-Brooks Federal Credit Union	3.00%	18-month	1 Randolph Brooks Parkway, Live Oak, TX 78233
30	PlainsCapital Bank	3.00%	18-month	221 W. 6th Street, Suite 1020, Austin, TX 78701
31	Jefferson Bank	3.00%	12-month	1777 Northeast Interstate 410 Loop, San Antonio, TX 78217
32	Navy Federal Credit Union	2.75%	3-month	6814 N Loop 1604 E San Antonio, TX 78247
33	Jefferson Bank	2.75%	3-month	1777 Northeast Interstate 410 Loop, San Antonio, TX 78217
34	Security Service Federal Credit Union	2.40%	3-month	9311 San Pedro Ave San Antonio, TX 78216
35	Firstmark Credit Union	2.04%	48-month	2023 Gold Canyon Dr, San Antonio, TX 78232
36	Broadway Bank	1.99%	3-month	Online
37	Broadway Bank	1.98%	18-month	1177 NE Loop 410, San Antonio, TX 78209
38	Texas Heritage Bank	1.68%	36-month	200 E. Washington, Sulphur Springs, TX 75482
39	TexStar National Bank	1.28%	18-month	200 Concord Plaza Dr. Ste. 120, San Antonio, TX 78216

Current CD Rates of San Antonio, Texas

CD rates in San Antonio, Texas, vary depending on the term and financial institution. Generally, rates range for terms ranging from six months to five years.

These rates play a significant role for investors seeking low-risk investment options with guaranteed returns, especially amidst economic uncertainty, offering a way to grow savings over time with a fixed interest rate.

It’s crucial for individuals to shop around and compare rates to find the best option that aligns with their financial goals and timelines.

Best 6 Month CD Rates

6-month CD rates in San Antonio, Texas, providing a short-term investment option with modest returns. Investors can explore various local and online banks to secure the most competitive rates for this term.

1. First Internet Bank

Minimum Amount: $1000

APY / Rate: 5.33% APY

Pros:

• High interest rates: First Internet Bank offers some of the highest CD rates in the industry. As of July 2023, their highest APY for a 1-year CD is 5.35%.
• Low minimum deposit: The minimum deposit to open a CD with First Internet Bank is just $1,000.
• No monthly maintenance fees: First Internet Bank’s CDs do not have any monthly maintenance fees. This means that you can keep your money in a CD without having to worry about paying any extra fees.
• FDIC insured: First Internet Bank is FDIC insured, which means that your money is protected up to $250,000.
• Free overdraft protection: First Internet Bank offers free overdraft protection, which allows you to overdraft your account up to $200 without being charged a fee.

Rules:

• Minimum deposit: The minimum deposit to open a CD with First Internet Bank is $1,000.
• Term length: CD terms range from 3 months to 5 years.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw money from your CD before the term ends. The penalty is 180 days’ interest on the amount withdrawn.
• Compounding: Interest on First Internet Bank CDs compounds monthly. This means that your interest earnings are added to your account balance each month, and then you earn interest on the interest.
• First Internet Bank does not issue monthly or annual statements for CD accounts.

2. Bank5 Connect

Minimum Amount: $500

APY / Rate: 5.30% APY

Pros:

• High interest rates: Bank5 Connect’s savings accounts and CDs offer above-average yields, compared to other online banks. For example, the bank’s 1-year CD currently earns 4.25% APY.
• Low minimum balance requirements: The minimum balance required to open a savings account is just $10, and there is no monthly maintenance fee. The minimum balance required to open a checking account is $10, and there is no monthly maintenance fee.
• The bank is FDIC-insured. This means that your deposits are protected up to $250,000.
• Easy to use online banking platform: The Bank5 Connect online banking platform is easy to use and navigate.
• Flexibility. Bank5 Connect offers a variety of CD terms, so you can choose one that fits your needs.

Rules:

• Minimum deposit: The minimum deposit required to open a CD varies depending on the term. For example, the minimum deposit for a 1-year CD is $500, while the minimum deposit for a 36-month CD is $500.
• Flexible terms: Bank5 Connect offers CDs with a variety of terms, so you can choose one that fits your needs. Terms range from 6 months to 3 years.
• No monthly fees: Bank5 Connect’s savings accounts and checking accounts do not charge any monthly fees.

Best 1 Year CD Rates

For those seeking a one-year investment horizon, San Antonio offers a balance between stability and flexibility. It allows investors to capitalize on higher yields while maintaining relatively short terms.

1. INOVA Federal Credit Union

Minimum Amount: $200

APY / Rate: 5.75% on 14 month

Pros:

• High interest rates: INOVA’s CDs currently offer some of the highest interest rates in the market. For example, their 15-month CD currently earns an APY of 5.75%, which is significantly higher than the national average of 2.1%.
• Low minimum deposit: The minimum deposit to open a CD with INOVA is $200. This makes it a great option for people who are looking to save a small amount of money.
• Flexible terms: INOVA offers CDs with terms ranging from 1 month to 6 years. This gives you the flexibility to choose a term that fits your needs.
• Convenient access: You can also access your funds easily through INOVA’s online banking system or mobile app.

Rules:

• Minimum deposit: The minimum deposit for a CD at INOVA is $200.
• Term length: The term length for a CD at INOVA ranges from 1 month to 6 years.
• Early withdrawal penalties: There is an early withdrawal penalty for CDs at INOVA.
• CDs are a safe investment. Your deposits are federally insured by the National Credit Union Administration (NCUA) up to $250,000.
• Rates are subject to change without notice

2. Garden Savings Federal Credit Union

Minimum Amount: $1000

APY / Rate: 5.50% APY

Pros:

• High interest rates: Garden Savings Federal Credit Union currently offers some of the highest CD rates on the market. For example, their 13-month Certificate Special has an APY of 5.50%, which is significantly higher than the national average.
• No monthly service fees: Many credit unions, including Garden Savings, do not charge monthly service fees on checking accounts.
• Insured deposits. Your deposits at Garden Savings Federal Credit Union are insured by the National Credit Union Administration (NCUA) up to $250,000.

Rules:

• Minimum deposit: The Garden Savings Federal Credit Union requires a minimum of $1,000 to open a CD, and a minimum of $1,000 for new money from outside institutions.
• APY: The APY (annual percentage yield) for CDs at Garden Savings Federal Credit Union varies depending on the term length. For example, the APY for a 3-month CD is 1.75%, while the APY for a 5-year CD is 3.61%.
• Term length: CD terms at Garden Savings Federal Credit Union range from 1 month to 5 years.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the term ends. The penalty is 180 days’ interest on the amount withdrawn.

Best 2 Year CD Rates

Investors looking for a slightly longer commitment can find 2-year CD rates in San Antonio. These rates are ideal for individuals aiming to maximize returns over a moderate timeframe.

1. Credit Human

Minimum Amount: $500

APY / Rate: 4.50% APY

Pros:

• High CD rates: Credit Human offers some of the highest CD rates in the industry. For example, their 1-year CD currently has an APY of 5.00%.
• Federally insured: Your deposits at Credit Human are insured by the National Credit Union Administration (NCUA) up to $250,000.
• Automatic renewal. Your CD will automatically renew at maturity unless you tell Credit Human otherwise. This can help you avoid having to make a decision about your money when your CD matures.
• Easy to use: Credit Human’s online banking platform is easy to use and navigate.

Rules:

• Minimum deposit: The minimum deposit amount for a CD at Credit Human is $500.
• Flexible terms. Credit Human offers CDs with terms ranging from 3 months to 10 years, so you can choose the one that best fits your needs.
• The interest rate you earn on a CD will depend on the term of the CD and the current market rates.
• The interest rates on Credit Human CDs are variable, so they can change over time.
• Early withdrawal penalties. There is an early withdrawal penalty if you withdraw your funds from a CD before the term is over.

2. Frost Bank

Minimum Amount: $1000

APY / Rate: 3.80% APY

Pros:

• Competitive interest rates: Frost CDs offer competitive interest rates, especially for short-term CDs. For example, as of July 2023, Frost offers a 4.41% APY on a 180-day CD.
• FDIC insured: Frost Bank is FDIC insured, so your money is protected up to $250,000 per depositor.
• Convenient access: Frost CDs can be opened online or at a Frost Bank branch. You can also manage your CD account online or through the Frost Mobile Banking app.(if you have a Frost checking account)
• Flexible terms: Frost Bank offers CDs with terms ranging from 3 months to 2 years, so you can choose the term that best fits your needs.

Rules:

• Minimum deposit: The minimum deposit for a Frost CD varies depending on the term. For example, the minimum deposit for a 180-day CD is $1,000.
• Early withdrawal penalty: If you withdraw money from your Frost CD before maturity, you may be subject to an early withdrawal penalty. The penalty amount depends on the term of the CD.
• Automatic renewal: Frost CDs automatically renew at maturity. However, you can choose to opt out of automatic renewal. If you do, your CD will be closed and your money will be transferred to your checking account.
• Compounding: Interest on Frost Bank CDs compounds monthly. This means that your interest earnings are added to your account balance each month, and then you earn interest on the interest.

Best 3 Year CD Rates

With terms extending to three years, CD rates in San Antonio are an attractive option for those seeking steady growth over a slightly longer period.

1. Credit Human

Minimum Amount: $500

APY / Rate: 4.35% APY

Pros:

• High CD rates: Credit Human offers some of the highest CD rates in the industry. For example, their 1-year CD currently has an APY of 5.00%.
• Federally insured: Your deposits at Credit Human are insured by the National Credit Union Administration (NCUA) up to $250,000.
• Automatic renewal. Your CD will automatically renew at maturity unless you tell Credit Human otherwise. This can help you avoid having to make a decision about your money when your CD matures.
• Easy to use: Credit Human’s online banking platform is easy to use and navigate.

Rules:

• Minimum deposit: The minimum deposit amount for a CD at Credit Human is $500.
• Flexible terms. Credit Human offers CDs with terms ranging from 3 months to 10 years, so you can choose the one that best fits your needs.
• The interest rate you earn on a CD will depend on the term of the CD and the current market rates.
• The interest rates on Credit Human CDs are variable, so they can change over time.
• Early withdrawal penalties. There is an early withdrawal penalty if you withdraw your funds from a CD before the term is over.

2. San Antonio Federal Credit Union (SACU)

Minimum Amount: $1000

APY / Rate: 3.85%

Pros:

• High-interest rates: SAFCU’s CD rates are competitive with other credit unions and banks.
• Federally insured: Your deposits at SAFCU’s are insured by the National Credit Union Administration (NCUA) up to $250,000.
• Flexible terms: SAFCU offers CDs with a variety of terms, so you can choose one that fits your investment goals.
• Interest rate: The interest rate on a CD is the amount of money you earn on your investment. The interest rate is typically higher for longer terms.
• Friendly and helpful customer service: SAFCU has a reputation for providing friendly and helpful customer service.

Rules:

• Minimum deposit: The minimum deposit requirement for a SAFCU CD varies depending on the term. For example, the minimum deposit for a 1-year CD is $1000, while the minimum deposit for a 5-year CD is $1,000.
• Term: The term of a CD is the length of time you agree to keep your money invested. SAFCU offers CDs with terms ranging from 1 month to 5 years.
• Early withdrawal penalties: There are early withdrawal penalties if you withdraw funds from your CD before the term matures.
• You must be a member of SACFU in order to open a CD.
• Interest compounding: Interest on CDs with SACFCU compounds monthly.

Best 5 Year CD Rates

For investors looking for long-term stability and growth, San Antonio offers 5-year CD rates that are suitable for individuals with longer-term financial goals and a willingness to commit to a fixed investment term.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.35% APY

Pros:

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for a high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules:

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount: Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

2. Credit Human

Minimum Amount: $500

APY / Rate: 4.00% APY

Pros:

• High CD rates: Credit Human offers some of the highest CD rates in the industry. For example, their 1-year CD currently has an APY of 5.00%.
• Federally insured: Your deposits at Credit Human are insured by the National Credit Union Administration (NCUA) up to $250,000.
• Flexible terms. Credit Human offers CDs with terms ranging from 3 months to 10 years, so you can choose the one that best fits your needs.
• Easy to use: Credit Human’s online banking platform is easy to use and navigate.

Rules:

• Minimum deposit: The minimum deposit amount for a CD at Credit Human is $500.
• The interest rate you earn on a CD will depend on the term of the CD and the current market rates.
• The interest rates on Credit Human CDs are variable, so they can change over time.
• Early withdrawal penalties. There is an early withdrawal penalty if you withdraw your funds from a CD before the term is over.
• Automatic renewal. Your CD will automatically renew at maturity unless you tell Credit Human otherwise. This can help you avoid having to make a decision about your money when your CD matures.

San Antonio, Texas Economic Statistics

San Antonio, Texas, boasts a dynamic economy with a diverse range of industries contributing to its growth.

• The city had a population of approximately 1.5 million people, making it one of the largest cities in the United States.
• The average household income in San Antonio is around $57,000, while the average home value stands at approximately $220,000.

These figures indicate a favorable environment for both investors. With a steadily growing population and moderate housing costs compared to other major cities, San Antonio offers a stable economic foundation for individuals looking to invest in CDs.

Economic Statistics	San Antonio, Texas
Population	Approximately 1.5 million
Average Household Income	$57,000
Average Home Value	$220,000

How to Get Best CD Rates in San Antonio, Texas

To obtain the best CD rates in San Antonio, Texas;

1. .Start by compiling a list of banks and credit unions offering CD products in San Antonio, Texas. This may include local, regional, and national institutions.
2. Alongside rates, assess the terms and conditions associated with each CD, including minimum deposit requirements, early withdrawal penalties, and renewal options.
3. Compare the rates and terms across different institutions to identify the most competitive offers for each CD term.
4. Narrow down the list to include only the banks offering the highest rates and most favorable terms for each CD term.

After thorough evaluation, finalize the list of banks that offer the best CD rates in San Antonio, Texas, for various terms.

CD Rates Methodology

In the CD rates methodology, if 71 banks’ CD rates are reviewed in San Antonio, Texas, and 39 of them meet the criteria for offering the best rates and terms, it means that 41 banks made the list of institutions with the most competitive CD rates.

This selection process involves thorough research, comparison, and evaluation to ensure investors and savers can access the highest returns on their CD investments.

Conclusion

In conclusion, obtaining the best CD rates in San Antonio, Texas, requires the review of CD rates from multiple financial institutions. By conducting thorough research, comparing rates, and considering various factors such as minimum deposit requirements and early withdrawal penalties, individuals can maximize their returns while mitigating risk.

This approach empowers them to make informed decisions that align with their financial goals and preferences.

FAQs