Texas Savings Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Texas include FsnbFsnbBuilding 239, Sheppard Afb, TX 76311A5.0 ★Texas Ratio: 12.00%Real return: +4.20%APY minus 2.8% CPI (February 2026) Cents-able Savings at 7.00% APY, Chevron Federal Credit UnionChevron Federal Credit Union1404 N Lee Trevino Dr, El Paso, TX 79936 6533A+5.0 ★Texas Ratio: 2.14%Real return: +4.20%APY minus 2.8% CPI (February 2026) MySavings Youth at 7.00% APY, Citizens Bank of Las CrucesCitizens Bank of Las Cruces2500 N Mesa St, El Paso, TX 79902A+5.0 ★Texas Ratio: 0.00%Real return: +2.32%APY minus 2.8% CPI (February 2026) Hero Savings at 5.12% APY, WaFd BankWaFd Bank5430 Lyndon B Johnson Fwy, Dallas, TX 75240A+5.0 ★Texas Ratio: 2.33%Real return: +2.20%APY minus 2.8% CPI (February 2026) Start Savings at 5.00% APY, and Extraco Banks National AssociationExtraco Banks National Association800 E Main St, Gatesville, TX 76528A+5.0 ★Texas Ratio: 0.79%Real return: +2.20%APY minus 2.8% CPI (February 2026) First Savings Account at 5.00% APY.
Use the tables below to compare savings rates across Texas side-by-side. Texas savings rates currently reach as high as 7.00% APY from Fsnb at Building 239, Sheppard Afb, TX 76311. Rates are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Texas and the surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Savings Rates in Texas
Minimum Balance to Open Account: $5.00
Dividend rate applies to balances up to and including $1000.00. Balances of $1,000.01 and above will earn the same dividend rate as our Primary Share Savings account.
No minimum to earn blended rate interest. No monthly service charge. Checking account required to open.
Balances under $5,000 earn 5.00% APY; balances $5,000 and above earn 0.50% APY. Rates may change after the account is opened. No minimum to open. Fees may reduce earnings. Contact an Extraco Banks representative for additional information about applicable fees and terms.
APY is Annual Percentage Yield. Accurate as of 08/25/2026. The Credit Union may offer other rates in the future. Compounded monthly. A minimum balance is required to open this account. Fees or other conditions could reduce the earnings on the account.
APY is Annual Percentage Yield. Accurate as of 08/25/2026. Minimum $5 to open a savings or IRA savings account. Subject to change without notice. Compounded monthly. A minimum balance is required to open this account. Fees or other conditions could reduce the earnings on the account.
For the Accelerate It Savings account, the dividend rate and annual percentage yield are subject to change without notice after account opening. APY dividend of 5.00% is earned on balances $100.00 to $5,000.99. Balances $5,001.00 and above will receive APY of 0.20%. One Accelerate It Savings per Social Security or Taxpayer Identification Number. For Accelerate It Savings accounts, you must have an open checking account located under the same membership number as the Accelerate It Savings account. If your checking account is closed for any reason, your Accelerate It Savings account will convert to a Regular Savings account. You must be 22 years or older to open an Accelerate It Savings account. Rate offers accurate as of 06/01/2025. APY is accurate as of the last dividend declaration date. Other rates and terms available. Fees may reduce earnings on the account. Membership eligibility required.
Compounded Quarterly
Qualifications Required; Qualifying balance up to $25,000.00
Portion of the Balances over $5,000.00 receive a rate of .15% resulting in an APY range of 4.06% to 1.13% depending on the balance. Limit One Bling! Savings account per minor.
Qualifications Required: Direct deposit(s) of at least $500.00 to a Freedom Direct, Justice National, Beyond the Badge or Student checking account during a month; Freedom Direct Savings will earn 4.00% APY on balances up to $25,000 if the accountholder has direct deposit(s) of at least $500.00 to a Freedom Direct, Justice National, Beyond the Badge or Student checking account during a month. Balances over $25,000 will earn 0.150% APY and all balances in a month when qualifications are not met will earn the standard Share Savings APY starting at 0.100%. One Freedom Direct Savings per Justice Federal membership. Justice Federal reserves the right to withdraw this offer at any time.
Qualifications Required; Qualifying balance up to $100,000.00
Qualifications Required: At least 10 debit card purchases; At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction; Be enrolled in and agree to receive e-Statements; Qualifying for your Kasasa Cash, Kasasa Cash Back, Kasasa Eats, or Kasasa Play rewards automatically qualifies you for the highest Kasasa Saver® rate, too.
An exclusive rate only on available online with additional deposits allowed. Must be 18 years of age or older.
Rates effective 8/17/2026. APY = Annual Percentage Yield. For current rates, call 806-742-3606. Rates subject to change based on account balance criteria. Fees may reduce earnings.
Compounded: Daily, Credited: Monthly
With Huntington Perks Checking**
With Huntington Platinum Perks Checking***
With Private Client Account**** Disclosure Link
Rates effective 8/17/2026. APY = Annual Percentage Yield. For current rates, call 806-742-3606. Rates subject to change based on account balance criteria. Fees may reduce earnings.
Non-Relationship Rate
Balances $500,000 and above
Balances $250,000 and above
Compounded: Daily, Credited: Monthly
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Texas Savings Rate Trends
Compare local Texas savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Texas high-yield savings rates rose 0.154 points over the past 7 days to 0.642% APY, up from 0.488%.
Texas standard savings rates fell 0.082 points over the past 7 days to 0.675% APY, down from 0.757%.
Texas Savings Rate Forecast — Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current TX high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current TX high-yield savings average of 0.642% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; savings institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Texas.
Savings Account Earnings in Texas
Annual interest earnings at current TX average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (0.642% APY) | Monthly Earnings | Standard Savings (0.675% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $32.12 / year | $2.68 | $33.77 / year | $2.81 |
| $10,000 | $64.23 / year | $5.35 | $67.54 / year | $5.63 |
| $25,000 | $160.58 / year | $13.38 | $168.85 / year | $14.07 |
| $50,000 | $321.15 / year | $26.76 | $337.70 / year | $28.14 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Texas savings rate averages as of August 29, 2026. | ||||
About Our Texas Savings Rate Database
MonitorBankRates tracks 654 savings rates from 15 banks and 21 credit unions offering savings accounts to Texas residents — including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Fsnb offers a savings account at 7.00% APY. Use the rate table above to compare all current offers in Texas.
How to Find the Best Savings Rates in Texas
What to compare when shopping for a savings account in Texas
To find the best savings APYs in Texas, start with credit unions and online-only banks — Texas has 21 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current TX high-yield savings average is 0.642% — but top local institutions are offering as high as 7.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable — your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Texas high-yield savings rates currently average 0.642% APY — far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Texas institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 36 institutions in Texas report savings rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Texas CD rates
- You want check-writing flexibility → Texas money market rates
- You need daily transaction access → Texas checking rates
Texas Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
13.4% of residents are 65 or older — below the national average of 17.3%. At today’s TX high-yield savings average of 0.642%, saving 10% of the local median salary ($4,407/year) would earn an additional $28 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Texas Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Texas.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TX Avg APY | 0.642% | 0.675% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | None — locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Texas averages tracked in our database as of August 29, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Texas
At TX’s top rate of 7.00% from Fsnb, a $10,000 deposit earns $700 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Texas earner is roughly $11,000. At 0.642% APY, saving $920/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsTexas’s high-yield savings average is 0.642% APY — variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Texas earner makes $44,072/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 0.642% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 0.642% APY grows to roughly $28,415 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Texas savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Texas directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Texas. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in TX.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Texas
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Texas safe?
How often do savings rates change in Texas?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Texas?
How do I open a savings account in Texas?
Best Savings Rates in Texas
- Fsnb
Cents-able Savings — 7.00% APY - Chevron Federal Credit Union
MySavings Youth — 7.00% APY - Citizens Bank of Las Cruces
Hero Savings — 5.12% APY - WaFd Bank
Start Savings — 5.00% APY - Extraco Banks National Association
First Savings Account — 5.00% APY
Cities in Texas
