The Dallas area consists of about 189 towns with some of the most used nationwide banks and credit unions. Many of these places offer CD rates with terms between 1-year to 5-years.

Dallas’ Top CD Rates


The 5-year CD option has a 1.57 APY, which is well above the national average. The minimum amount to begin obtaining APY across all their CD accounts is $1,000. The APYs start at 0.25% for 30 days and up to 1.52% for 4-year terms.

McBank has locations in Dallas, Hamilton, Goldthwaite, Early, and Hico.

MCBank’s main office is in Goldthwaite and is the 179th largest bank in the state of Texas. Its first branch opened in 1908 and now has 71 employees and four locations in Texas.


A 5-year regular term CD has a high APY of 1.46% with a minimum deposit of $1,000. Advancial bank also offers business and junior certificates with higher rates. Some of these require a minimum deposit of $25,000 or more.

The lowest term time of 3-months has a 0.61% APY. Most CDS offered by this bank have a $1,000 minimum deposit to be eligible for interest.

They have locations throughout metro Dallas, as well as all areas of Texas, Oklahoma, and Louisiana.

Advancial has its main headquarter office in Dallas and is the 14th largest credit union in the state of Texas. It was first founded in 1932 and now has 11 locations with 229 employees and 98,105 customers. Their market rates are two times the national average.

First Guaranty Bank

All of First Guaranty Bank’s CDs require a minimum starting balance of $500. The lowest offered is for a 30-day term at 0.10% APY. Although the rate is low it is a great option for short-term investments.

The highest rate offered is an APY of 1.50% for the 5-year term. The bank offers longer terms than many other institutions, such as 6-year, 7-year, and 8-year periods. They all offer a 1.50% APY.

There are First Guaranty Bank locations throughout the Dallas metro area and some branches located in Louisiana as well.

It was established in 1932 and now has branches in over 36 locations. Although its headquarter is in Hammond, Louisiana it is one of the most popular banks in Texas and has leading CD rates across the Dallas area.

Red River Credit Union

The top rate offered by Red River Credit Union is the 5-year term which has an APY of 1.31% with a $500 minimum deposit.

The terms offered by Red River range from 6-months to 5-years. The APYs for the lowest rate is 0.61% and go up to 1.26% for the 4-year term. All have a $500 minimum deposit.

Red River Credit Union has branches throughout the Dallas metro area, the whole state of Texas, as well as Arkansas and Louisiana.

They are headquartered in Texarkana and are the 24th largest credit union. It was founded in 1943 and now serves customers in 29 locations.