Rate Alert: Houston residents can earn up to 4.34% locally — nearly 8x the national average. Most of Houston’s top local rates require large minimum deposits ($50K–$99K). If your deposit is smaller, Raisin online at 4.30% with just $1 minimum is your best move. Texas has no state income tax, so you keep every dollar earned.

Best CD Rates — Houston, TX

Institution	APY	Term	Min. Deposit	Insured By	Standing
FivePoint Credit Union	4.34%	12 months	$99,000	NCUA	Top Local (Jumbo)
Texas Bay Credit Union	4.33%	24 months	$50,000	NCUA	Strong (Jumbo)
Raisin (Online)	4.30%	12 months	$1	FDIC/NCUA	Best Accessible Rate
Members Trust of the SW FCU	4.07%	6 months	$90,000	NCUA	Jumbo CD
Bank OZK	4.00%	7 months	$1,000	FDIC	Best Under $50K Local
Cadence Bank	4.00%	8 months	$25,000	FDIC	Competitive
Marcus by Goldman Sachs	3.90%	12 months	$500	FDIC	Strong Rate
National Average	0.55%	12 months	Varies	—	Benchmark

💡 Pro Tip — Houston Residents

Houston has competitive local rates, but the highest ones — FivePoint CU at 4.34% and Texas Bay CU at 4.33% — both require $50,000–$99,000 minimum deposits. If you have that kind of deposit, those are excellent options worth calling about. For everyone else, Bank OZK at 4.00% with just $1,000 min is your best local branch option, or go with Raisin online at 4.30% with virtually no minimum. Texas has no state income tax, so your full yield stays with you.

Best Savings Rates — Houston, TX

Institution	APY	Min. Balance	Type	Standing
Raisin (Online)	4.30%	$1	Money Market	Top Pick
Marcus by Goldman Sachs	3.90%	$0	High-Yield Savings	Strong
National Average	0.46%	Varies	Savings	Benchmark