As high-yield savings accounts become even more rare in the U.S., finding a high-earning Houston savings accountfrom local banks and credit unions can seem like an impossible task. While there are still decent options on the local level, there is definitely a historical trend affecting both local and national interest rates, particularly interest rates for savings accounts, which have continued to fall since the 2008 recession.
We performed a historical comparison of average savings rates available from financial institutions in the city of Houston, as well as the surrounding county, and noted an overall average decrease in interest rates year-over-year for Houston, the state of Texas and the rest of the nation.
Review the study’s results for savings account rates below and find out how your Houston savings account measures up in comparison.
Average Savings Rates September 2013
Houston: 0.08% APYTexas: 0.13% APYNational: 0.11% APY
Average Savings Rates September 2012
Houston: 0.10% APYTexas: 0.15% APYNational: 0.14% APYHouston Banks & Credit Unions With Best Savings Rates
In order to assist your search for a high-yield savings account in Houston, we’ve listed the top Houston banks and credit unions offering the best interest rates for customers.
InstitutionSavings RateAlliant Credit Union0.70% APYIcon Bank of Texas, NA0.46% APYSouthwestern National Bank0.30% APYAbout This Houston Savings Rates Study
Savings account interest rates referenced above were compiled using the GoBankingRates.com database, which in partnership with Informa Research Services, Inc, aggregates banking product information and interest rates from more than 4,000 local, national and online banks and credit unions.
All rates are accurate as of September 17, 2013. Please note that rates are subject to change at any time at the discretion of individual banks and credit unions, and rates may have changed since this date.