Houston Savings Rates

Right now on our savings rates list for Houston, Texas,  Tennessee Commerce Bank has the best savings rate. Tennessee Commerce Bank's current rate on their savings account is 1.49 percent with a savings yield of 1.50 percent. That rate is considerably higher than the national average savings rate and better than most savings rates these days. To earn this high rate you must also have a checking account with Tennessee Commerce Bank.

The highest unrestricted savings rate on our list in Houston, TX is from Discover Bank. The bank's current online savings rate is 1.19 percent with an online savings yield of 1.20 percent. Discover Bank's rate is also higher than the current national average rate of 0.246 percent for account balances of at least $2,500.

The third best rate on our Houston rate list is from American Express Bank. The bank's current high yield online savings rate is 1.14 percent with an online savings yield of 1.15 percent.

Flagstar Bank and WTDirect Bank are both offering the fourth highest rate on our list. Both banks are offering savings rates at 1.10 percent with a yield of 1.11 percent.

Three banks round out the top 5 savings rate on our list. FNBO Direct, First Internet Bank of IN and Sallie Mae Bank are all offering rates at 1.09 percent with yields at 1.10 percent.

Savings Rates - Houston

Tennessee Commerce Bank 1.49% Yield 1.50% Min $250 - Must have a checking account to earn the rate and yield.
Discover Bank 1.19% Yield 1.20% Min $500
American Express Bank FSB 1.14% Yield 1.15% Min $ 0
Flagstar Bank 1.10% Yield 1.11% Min $ 1
Sallie Mae 1.09% Yield 1.10% Min $ 1
Zions Bank 1.05% Yield 1.06% Min $1000
First Internet Bank of IN 1.04% Yield 1.05% Min $100
Nationwide Bank 1.04% Yield 1.05% Min $2000
EverBank 1.01% Yield 1.01% Min $ 1
Ally Bank 1.00% Yield 1.00% Min $ 1
FNBO DIRECT  1.00% Yield 1.00% Min $ 1
ING DIRECT 1.00% Yield 1.00% Min $ 1
Salem Five Direct 1.00% Yield 1.00% Min $ 1 - Must have a checking account.

MonitorBankRates.com also offers lists of CD rates in Houston.
Author: Brian McKay
March 22nd, 2011