Fort Worth Savings Account & CD Rates Beat National Averages, But Fall Just Short of Statewide Rates, According to New Study

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Local interest rate-aggregating website,, releases a new study examining savings account and CD interest rates in Fort Worth, Texas, finding average deposit rates in the city beat the national averages but lag behind rates in Texas. The investigation also names the ten best savings account rates in Fort Worth.

Fort Worth Savings Accounts

Fort Worth Savings Accounts

Whether they find the best rates with a local bank or credit union or an online savings account, the difference of even a few tenths of a percentage point will positively impact consumers’ bottom line.

Today’s savings environment is highly discouraging for depositors -- interest rates in Fort Worth and beyond are near zero, and those looking for high-yield accounts to grow their balances are facing an increasingly tougher challenge. Fortunately, local banks and credit unions are known for offering more competitive rates. To find out if this held true for the Fort Worth area, performed a study comparing Fort Worth rates against rates in Texas and the U.S. as a whole.

With its exclusive database of rates indexed from more than 5,000 U.S. community banks and credit unions, FortWorthBankingRates calculated the average deposit rates for savings accounts and 6-month, 1-year and 2-year CDs currently offered by local Fort Worth, TX financial institutions.

The study found that between the average deposit account interest rates for the U.S., Texas, and Fort Worth, the state of Texas as a whole offers the highest yields. Still, Fort Worth’s savings and CD rates were not far behind, and remained above the national averages (except for savings accounts).

However, FortWorthBankingRates helps local residents get better deals on deposit rates by identifying the community banks and credit unions offering the highest savings rates.

Average Deposit Rates: Fort Worth – Texas – National

6-Month CD: 0.33% APY; 0.36% APY; 0.29% APY
1-Year CD: 0.45% APY; 0.52% APY; 0.43% APY
2-Year CD: 0.67% APY; 0.74% APY; 0.64% APY
Savings: 0.15% APY; 0.25% APY; 0.20% APY

Top Savings Account Rates in Fort Worth

My Credit Union Texas: 0.35% APY
Fort Worth City Credit Union: 0.25% APY
Fort Worth Community Credit Union: 0.25% APY
Unity One Credit Union: 0.25% APY
Family 1st of Texas Credit Union: 0.20% APY
First Command Bank: 0.20% APY
Ben E Keith Company Employees Credit Union: 0.15% APY
Colonial Savings, F.A.: 0.15% APY
IBEW 116 Credit Union: 0.15% APY
EECU, First Class American Credit Union, Meridian Bank Texas and Natural Resources Conservation Service Federal Credit Union tie for tenth place with a savings rate of .10% APY.

See the full study:

Managing editor for FortWorthBankingRates, Casey Bond, explains that even though high-yield savings options are few and far between, opportunities for local depositors still exist.

“Though the current environment of low savings and CD rates is less than ideal, depositors can still earn decent returns if they are willing to put in a the extra legwork,” Ms. Bond points out. “Whether they find the best rates with a local bank or credit union or an online savings account, the difference of even a few tenths of a percentage point will positively impact consumers’ bottom line.”

For more information or to speak with a FortWorthBankingRates expert, please use the contact information below.

About GoBankingRates | FortWorthBankingRates is the national flagship site within a network of more than 1,500 banking domains, including local partner site, which generate more than 2 million visits each month. is a locally-focused website dedicated to connecting Fort Worth readers with up-to-date interest rate information, financial news and investing tools.


Jaime Catmull, Director of Public Relations |
310.297.9233 x261

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