Certificates of Deposit
4.25% APY1 on a 4-Month Standard CD!
A certificate of deposit (CD) can allow you to enjoy higher fixed interest rates while still having all the security of an FDIC-insured2 savings account. Right now, enjoy the flexibility of a shorter term with our 4-month Standard CD, featuring a great rate of 4.25% APY!
Most of our CDs can be opened online but our Standard CDs - including this limited-time offer - must be opened with a banker. To get started now find a banker or banking center near you.
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Promotional CD
Higher interest = bigger savings
Turbo boost your savings with higher rates, and even bigger earnings.
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Flex CD
7 months of early withdrawals, fee-free
Enjoy 7 months with no penalties for early withdrawals, followed by 8 months at a fixed rate3.
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No Penalty CD
Early withdrawals without the fees
Got commitment issues? No problem! Withdraw your money at any time, and pay no penalties.
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Standard CD
Long- or short-term savings
Go long, or go short, it’s all good! Open with a low deposit, and get flexible options for long- or short-term savings.
Estimate Your Savings
- Have your interest credited to your CD or a Bank of Texas checking, savings or money market account.
- Many of our CDs can be styled as Traditional or Roth IRAs.
- In many cases, a Bank of Texas CD can be used as collateral for a Bank of Texas loan.
Minimum balance requirements vary for different CD products:
- $1,000 Standard CDs
- $1,000 No-Penalty CDs
- $1,000 Promotional CDs, 10-Month and 17-Month
- $5,000 Promotional CDs, 14-Month
When a certificate of deposit (CD) matures, it means that the CD has reached its agreed upon end date, and the funds become accessible to you. The day after a CD matures, most of our CDs enter a 10-day grace period during which there are options available to you. Learn more with our CD renewal and maturity guide.
Frequently Asked Questions
Got questions? We've got answers. And, if you don't find what you're looking for, call ExpressBank at 800-346-5312, or schedule an appointment to visit us at the banking center location nearest you.
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There is no monthly fee for CDs.
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Depending on your CD, you may be able to withdraw funds early without paying a penalty. Some CDs may charge a fee for early withdrawals. See your Simple Guide for specific details about your CD.
No Penalty CD
- You may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account.
Flex CD:
- Months 0 – 7: You may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account.
- Months 8 - 15: Your fee will be $25 plus 3% of the amount withdrawn.
Promotional CD
- Maturity Period is less than 365 days: Your fee will be $25 plus 1% of the amount withdrawn.
- Maturity Period is 365 days or more: Your fee will be $25 plus 3% of the amount withdrawn.
Standard CD:
- Maturity Period is less than 365 days: Your fee will be $25 plus 1% of the amount withdrawn.
- Maturity Period is 365 days or more: Your fee will be $25 plus 3% of the amount withdrawn.
Please note:
- The amount of your penalty may be deducted from principal.
- Exceptions: We will waive the penalty if your request for withdrawal to close the CD occurs during the grace period, or if the depositor passes away or is judged legally incompetent.
For more information on early withdrawal penalties, please download our Agreements and Disclosures.
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We offer very competitive interest rates. View our deposit rates for more information.
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You may open select CDs online. All CDs may be opened with an ExpressBanker by calling 800-346-5312, by scheduling an appointment with a banker or by stopping by one of our banking centers today.
Disclosures
1 The duration of the CD will be for 120 days. The 4.25% Annual Percentage Yield (APY) is applicable to 120-day Standard CDs (i.e. 4 months). A minimum of $1,000 is required to open the CD, and a minimum of $1,000 is required to maintain it. Total Standard CD combined balances cannot exceed $1,000,000 per individual taxpayer. All funds must be deposited in a single transaction. Penalties may be assessed for early withdrawals. Other restrictions may apply. This offer and interest rate are subject to change at any time without notice.
2 The Federal Deposit Insurance Corporation (FDIC) is a US government corporation that insures the money in your accounts up to $250,000. Our CDs, checking accounts, savings accounts, and money market accounts are insured up to the maximum $250,000 per depositor, as allowed by law.
3 Flex CD: Months 0 – 7: You may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account. Months 8 - 15: Your penalties will be $25 plus 3% of the amount withdrawn.
† APY = Annual Percentage Yield
CD rates are fixed for the term of the CD. Unless otherwise stated, penalties are assessed for early withdrawals from Regular CDs. We reserve the right to limit the amount of deposit. Penalties may reduce earnings.
The rates above are applicable only to personal accounts. For business and other non-personal account interest rate information, please contact our ExpressBank.