Odessa, Texas Savings Rates for October 2026
Brian McKay
Brian McKay
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Odessa, Texas savings account rates range from 0.01% to 10.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Odessa, Texas and the surrounding area include Community National BankCommunity National Bank8040 E Highway 191, Odessa, TX 79765A5.0 ★Texas Ratio: 9.02%Real return: +1.39%APY minus 3.7% CPIRate verified Oct 31, 2026 BrightStart Savings at 5.09% APY, Wells FargoWells Fargo4101 John Ben Shepperd Pkwy, Odessa, TX 79762A+5.0 ★Texas Ratio: 5.36%Real return: -0.45%APY minus 3.7% CPIRate verified Oct 31, 2026 Platinum Savings - New Savings Customers at 3.25% APY, Southwest Heritage Credit UnionSouthwest Heritage Credit Union2809 John Ben Shepperd Pkwy, Odessa, TX 79762 8125A+5.0 ★Texas Ratio: 0.89%Real return: -2.70%APY minus 3.7% CPIRate verified Oct 29, 2026 IRA Shares (Traditional & Roth) at 1.00% APY, My Community Credit UnionMy Community Credit Union4037 E 42nd St, Odessa, TX 79762 5935A5.0 ★Texas Ratio: 8.92%Real return: -2.85%APY minus 3.7% CPIRate verified Oct 30, 2026 Free Kasasa Saver Savings at 0.85% APY, and Complex Community Federal Credit UnionComplex Community Federal Credit Union4519 E 51st St, Odessa, TX 79762A+5.0 ★Texas Ratio: 2.53%Real return: -3.02%APY minus 3.7% CPIRate verified Oct 31, 2026 MMAC at 0.68% APY.
Odessa has 34 local institutions in our database, with savings rates as high as 5.09% APY from Community National Bank at 8040 E Highway 191, Odessa, TX 79765. Use the table below to compare all available offers, including options from institutions serving the broader Texas area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Odessa, Texas and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Odessa, Texas & Surrounding Communities
Qualifying balance up to $24,999.99; variable rate
California counties only; Balance: $25,000 or more; Rate is variable; requires deposit and maintenance of $25,000 or more in new Platinum Savings within 30 days; new savings customers only
Balance: All Balances; Dividends paid quarterly
Variable rate
- Oct 2, 20260.90%▲ from 0.75%
- Sep 29, 20260.75%first recorded
Variable rate
- Oct 14, 20260.90%▲ from 0.75%
- Sep 29, 20260.75%first recorded
Qualifications Required; Balance: $0 - $25,000; Qualifying balance up to $25,000.00; Links to a free Kasasa Checking account; Base rate 0.06% APY if qualifications are not met
Qualifications Required; Balance: $0 - $25,000; Qualifying balance up to $25,000.00
Qualifications Required: 1 direct deposit or ACH payment transaction; 12 debit card purchases; be enrolled in and agree to receive eStatements; enroll and log into online banking; Balance tier $0 - $25,000; rate and APY 0.85%
Balance: $50,000.00+
Balance: $15000 - $49,999.99
Minimum $100
Balance: $2,000 - $14,999.99
Credited Monthly; IRA Savings require a minimum of $50 balance to earn dividends
Balance: $15,000 and over
$25 minimum to open; $100 to earn dividends; Previous Quarter
Balance: $5,000 minimum; Interest paid quarterly
Jumbo tier; Minimum Balance to Earn Stated APY: $15,000.00; Minimum Balance to Avoid a Service Fee:; Balance Method: Average Daily Balance; Interest Compounded: Daily; Interest Credited: Quarterly
Effective 3/31/2021
Effective 3/31/2021
Credited Quarterly; Regular Savings and Checking require minimum $500 balance to earn dividends
Balance: $0-14,999.99
Balance: $100.00; Dividends paid quarterly
Annual Percentage Yield (APY) as high as; savings rate of 0.15% APY if balance in Share Account is at least $100; dividends paid quarterly; no minimum balance requirement; no monthly service charges
Minimum Balance to Earn Stated APY: $1,000.00; Minimum Balance to Avoid a Service Fee:; Balance Method: Average Daily Balance; Interest Compounded: Daily; Interest Credited: Quarterly
Balance: $5.00 minimum; Interest paid quarterly
Balance: $0-25,000
Balance: $0-25,000; Minimum Balance to Earn: $5.00
California counties only; Balance: $0 or more; When linked to Premier Checking or Checking
CA Bay Area counties only; Balance: $0 or more
California counties only; Balance: $0 or more; When linked to Prime Checking or Checking
California counties only; Balance: $0 or more; Avoid $12 monthly service fee with $3,500 minimum daily balance
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
California counties only; Balance: $0 or more; $25 minimum opening deposit
Balance: $1.00 - $499.99
Balance: $0-$4,999.99; Monthly Maintenance Fee $5
Balance: Up to $1000.00
Minimum Balance to Open Account: $5.00; Minimum balance to earn Interest and obtain APY: $0.01
Balance: $0.00 - $25,000.00
Balance: .01- 50,000.00; Available to active first responders, educators, military personnel, healthcare workers, and veterans; requires an open Citizens Bank checking account; funds over $50,000 earn the regular savings rate
Balance: .01- 50,000.00; Maximum balance eligible to earn 5% interest is $50,000; funds in excess of $50,000 earn the regular savings account rate; account holders age 21 or below; at least one adult owner 18+ with an open Citizens Bank checking account; variable rates
Balance: $0 - $500; Open Online; No minimum to earn blended rate interest; No monthly service charge; Checking account required to open
Balance: $0 - $500; No minimum to earn blended rate interest; No monthly service charge; Checking account required to open; Open Online
Balance: $0.01-$499.99; Split rate account
Balance: $100.00 - $5,000.99; APY dividend of 5.00% earned on balances $100.00 to $5,000.99; balances $5,001.00 and above earn 0.20% APY; requires open checking account under the same membership number; must be 22 years or older; one per Social Security or Taxpayer Identification Number; rates subject to change without notice after account opening
Balance: $0 - $500; Compounded Quarterly
Balance: $0-$499.99; Visit A Branch to Open Account
Balance: $0.00 - $2,499.99; Promotional APY of 5.00% applies during the first 6 months to the first tier up to $2,499.99; Limited to personal accounts; one account per member
Citigold Private Client Relationship Tier (Combined Average Monthly Balance of $1,000,000+); Balance: All balance ranges
Balance: $100 to $10,000; Available only to new members during the first thirty (30) days from the date of opening a membership; Variable rate account
Deposits and withdrawals comply with Federal Regulations (footnote ***)
- Oct 9, 20264.18%▲ from 4.05%
- Sep 14, 20264.05%first recorded
- Oct 5, 20264.12%▲ from 3.65%
- Sep 14, 20263.65%first recorded
Balance: $0.00 - $5,000.00; Limit one Bling! Savings account per minor
Balance: All Balances; Interest compounded daily; Open online; $5 monthly fee if paper statements received; rates effective as of 10/23/2026
Balance: $1,000.00 - $250,000.00; Minimum balance of $1,000.00 is required to receive the dividend; Tiered Rates; Dividends are compounded and paid monthly
- Oct 29, 20264.00%▼ from 4.00%
- Oct 23, 20264.00%▼ from 4.00%
- Oct 15, 20264.00%first recorded
Qualifications Required; Balance: $0.00 - $25,000.00; Balance up to $25,000.00 earns 4.00% APY when 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 earn 0.150% APY and balances in months when qualifications are not met earn the standard Share Savings APY starting at 0.100% (not extracted as separate rows)
Qualifying balance up to $999.99
Balance: 0 - $100,000
Qualifications Required; Balance: $0.01 to $5,000.00; Tiered Earnings for Qualified Accounts; Effective 09/01/2026
Balance: $2,000,000.00 and over; Effective 9/1/26
Annual Percentage Yield is variable and subject to change at any time; No minimum balance requirement and no account fees; Must fund within 15 business days of account opening
Balance: $0.01 - $1,000,000; Limited to individuals with a Texas residential address
Balance: $500,000 and above
- Sep 18, 20263.85%▲ from 3.77%
- Sep 14, 20263.77%first recorded
Balance: $500,000.01 to $2,000,000.00
- Sep 19, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Disclosure: there is a $100 minimum opening requirement for the Regular Savings and Business Savings
Balance: $5,000 and over
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
Balance: All Balances
Balance: $200,000.00 and over
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank Smartly Visa Signature Card and have a Combined Qualifying Balance (CQB) of at least $25,000; APYs may vary by location; Monthly maintenance fee $5, waivable
Balance: $1,000,000.00 +; Compounded: Daily; Credited: Monthly
Balance: $5MM and over
- Oct 20, 20263.40%▲ from 3.25%
- Oct 14, 20263.25%first recorded
Balance: All Balances; Interest compounded daily; Only $100 minimum to open; No monthly fee; $5 monthly fee if you receive paper statements; Online account opening
Balance: $250,000 - $499,999
- Sep 18, 20263.35%▲ from 3.30%
- Sep 14, 20263.30%first recorded
Balance: $25,000.00 +
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
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.
Odessa, TX Savings Rate Trends
Compare local Odessa, TX 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 fell 0.025 points over the past 7 days to 2.490% APY, down from 2.515%.
Texas standard savings rates fell 0.010 points over the past 7 days to 0.440% APY, down from 0.450%.
Odessa, 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 to 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 2.490% 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: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 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 Odessa, Texas.
Savings Account Earnings in Odessa, 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 (2.490% APY) | Monthly Earnings | Standard Savings (0.440% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $124.51 / year | $10.38 | $21.99 / year | $1.83 |
| $10,000 | $249.01 / year | $20.75 | $43.98 / year | $3.66 |
| $25,000 | $622.53 / year | $51.88 | $109.95 / year | $9.16 |
| $50,000 | $1,245.05 / year | $103.75 | $219.90 / year | $18.33 |
| 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: Odessa, Texas savings rate averages as of October 31, 2026. | ||||
About Our Odessa, Texas Savings Rate Database
MonitorBankRates found 12 institutions with branches in Odessa (5 banks, 7 credit unions), plus 35 additional state-chartered and national online institutions available to Odessa residents. 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 to 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: Community National Bank offers a savings account at 5.09% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in Odessa, Texas.
How to Find the Best Savings Rates in Odessa, Texas
What to compare when shopping for a savings account in Odessa, Texas
To find the best savings APYs in Odessa, Texas, start with credit unions and online-only banks: Odessa, Texas has 23 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 2.490% but top local institutions are offering as high as 5.09%, 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 to 6 months of expenses in a liquid, FDIC-insured account. Odessa, Texas high-yield savings rates currently average 2.490% APY, far above a typical checking account.
- Short-term savings goals (6 to 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 Odessa, Texas institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 47 institutions in Odessa, 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 Odessa, Texas CD rates
- You want check-writing flexibility Odessa, Texas money market rates
- You need daily transaction access Odessa, Texas checking rates
Odessa, Texas Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
10.1% of residents are 65 or older, below the national average of 17.3%. At today’s TX high-yield savings average of 2.490%, saving 10% of the local median salary ($4,559/year) would earn an additional $114 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Odessa, Texas Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Odessa, Texas.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TX Avg APY | 2.490% | 0.440% | 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 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | 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 Odessa, Texas averages tracked in our database as of October 31, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Odessa, Texas
At TX’s top rate of 5.09% from Community National Bank, a $10,000 deposit earns $509 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Odessa, Texas earner is roughly $11,400. At 2.490% APY, saving $950/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 2.490% 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 Odessa, Texas earner makes $45,598/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.490% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.490% APY grows to roughly $40,886 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 Odessa, 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 Odessa, 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 Odessa, 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 Odessa, Texas
What are savings account rates in Odessa, Texas today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Odessa, Texas safe?
How often do savings rates change in Odessa, 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 Odessa, Texas?
How do I open a savings account in Odessa, Texas?
Best Savings Rates in Odessa, Texas
- Community National Bank
BrightStart Savings: 5.09% APY - Wells Fargo
Platinum Savings - New Savings Customers: 3.25% APY - Southwest Heritage Credit Union
IRA Shares (Traditional & Roth): 1.00% APY - My Community Credit Union
Free Kasasa Saver Savings: 0.85% APY - Complex Community Federal Credit Union
MMAC: 0.68% APY
Odessa, Texas Rates & Resources
