Copyright (2020) LendingTree, LLC | All rights reserved. (including its directors, shareholders, employees, and affiliates) is not liable or responsible for the content, information, security, or failure of any products or services promoted or advertised on this third party site. State Bank of Texas, founded in 1987, is one of the country’s best-performing community banks. Enjoy market-leading rates and service that’s beyond compare. According to CSR, the Early Withdrawal Penalty for the 1-year Jumbo CD is one month’s interest. Insurance products offered through Rust, Ewing, Watt, & Haney, Inc., a licensed insurance agency and wholly owned subsidiary of Texas Independent Bancshares. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. With a variety of terms and rates, TBT's CDs are tailored to meet your financial needs. The latest are a series of Jumbo CDs, which required a $25k minimum deposit; in the past, the Jumbo CDs required a minimum deposit of $100k. Headquartered in Dallas, State Bank of Texas’ primary market area includes the Dallas metropolitan area and “Chicagoland,” but the Bank is offering the Jumbo CDs nationwide. You can even add to your original deposit, up to $250,000, at any time during CD’s term. 8/30/16 - State Bank of Texas Offers 1-Year CD and MMA Nationwide 2/22/16 - State Bank of Texas Offers Competitive 1-Year CD And MMA 7/9/09 - 4.00% 10-Month / 4.15% 15-Month CD at a Texas Bank (Millennium) 9/11/08 - 4.10% 9-Month / 4.35% 18-Month CD at a Texas Bank (Millennium) 1/26/06 - 4.85% 1-Year CD at a Texas Bank They currently offer standard CD rates from 12-months to 36-months with 2.60% to 3.00% APY Rates. For further rate information or questions contact a State Bank Customer Service Representative at 903-667-2553. Small differences in savings or CD rates may seem trivial. Rates effective as of 11/19/2020. Compare a CD to our other personal savings account options. If qualifications are met each monthly qualification cycle: (1) balances up to $25,000.00 receive APY of 1.01%; and (2) balances over $25,000.00 earn 0.10% interest rate on portion of balance over $25,000.00, resulting in 1.01% to 0.10% APY depending on the balance. © Copyright 2020 2020, State Bank of Texas. ***Rate available for residents of Harris County, TX and contiguous counties. We are not affiliated with the financial institutions included in this website. Time deposit certificates are available at different maturities and rates. When compared to the 213 similar length-of-term CDs tracked by DepositAccounts that are available nationwide, State Bank of Texas’ 24-month Jumbo CD APY currently ranks third, regardless of minimum deposit requirements. Best Audio Podcast Clips (PodClips) Best CD rates - RateBrain Blog Top 10 Videos CD features. When comparing bank CD rates in Humble, TX make sure to choose a Humble, TX bank that has deposits insured by the Federal Deposit Insurance Corporation (FDIC). Opening any of the Jumbo CDs can be done in person at any of the four Texas branches located in Dallas, Garland, Irving, and Richardson, or single full-service Illinois branch located on Chicago’s North Side. By joining State Bank of Texas, you get to enjoy earning higher rate of interest than regular savings account. Highest Yield CD Rates. In the past few years, State Bank of Texas (SBT) has been periodically offering nationally available special rate CDs. When compared to the 167 similar length-of-term CDs tracked by DepositAccounts that are available nationwide, State Bank of Texas’ 18-month Jumbo CD APY currently ranks second, regardless of minimum deposit requirements. The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. But I think that account requires a $25K balance in order to avoid a monthly fee. Best Audio Podcast Clips (PodClips) Best CD rates - RateBrain Blog Top 10 Videos **Minimum deposit of $25,000 for Certificates of Deposit (CDs). Rates. Please contact a branch location for our current interest rates and Annual Percentage Yield (APY) information. Highest Yield CD Rates. According to CSR, the Early Withdrawal Penalty for the 12-month CD... DA readers may remember my February blog post about State Bank of Texas’ (SBT) 1-year Jumbo CD (1.25% APY, $25k; 1.35% APY, $100k) and Jumbo Money Market (1.25% APY, $100k). R Bank is committed to helping you structure a portfolio of CDs to respond to your future needs and dreams. According to the ad, State Bank of Texas (SBT) is offering a 1-year CD earning 3.35% APY – that’s right, 3.35% - and a Jumbo Money Market (1.25% APY, $100K minimum deposit). Rates may change after account is opened. The CDs require a minimum deposit of $25,000 and there are only four term options, from 12 months to 36 months. I did, of course, go to the FDIC site and confirm that there are members and accounts are insured as with other larger banks. I opened their website and although it shows "CDs", nowhere does it provide interest rates. Initially, these rate specials were only available in the Chicago area, then were offered nationwide, and then were withdrawn completely in early August. A penalty may be imposed for withdrawals before maturity. Whether you're looking for a short, medium or long-term investment, we have a CD that will provide you with stable earnings. Highest APY Interest Rate. State Bank of Texas is now offering great rates between 2.60% APY … *APY: Annual Percentage Yield. ** Citizens Option CD is a 36 month CD that provides a one-time customer option to raise rate to the currently posted 36 month CD rate. Earn a higher interest rate on your Premier Money Market (0.05%) and/or CD (0.10%) with Premier Checking. I filled out a 'Contact' form and wrote to them. *APY: Annual Percentage Yield. For current interest rates, call 1.866.579.7959. We aggregate rates from multiple sources every day to ensure these rates are current and accurate. Our H APPY C ERTIFICATE O F D EPOSIT includes: Interest rates vary based on term and amount; Starting at $1,000 minimum to open; Balance and term chosen individually Compare a CD to our other personal savings account options. About State Bank of Texas: State Bank of Texas, founded in 1987, is one of the country’s best-performing community banks. It is also the largest Indian-American-owned bank in the country. Am I wrong? Contact [email protected] to report inaccurate info or to request offers be included in this website. Yesterday proved to be the exception, as I received a rather interesting email from a DA reader, who forward an advertisement he saw in yesterday’s Chicago Tribune. Highest Yielding CD Rates for Houston, TX Includes Online Banks, Local Banks and Credit Unions / Updated December 26, 2020. R Bank is committed to helping you structure a portfolio of CDs to respond to your future needs and dreams. Visit our site for more details. The Best State Bank of Texas Rates. $1,000 minimum deposit required on all CD's. Social Security numbers are required when adding beneficiaries. If you are looking to earn more on your balances, then consider investing in certificates of deposit (CDs) at First State Bank. Please contact the State Bank of Texas directly to obtain their current CD rates. CommunityBank of Texas, N.A. CD Rates in Texas Here's a summary of today's average CD rates in Texas, broken down by term. Deposits in Odessa, TX banks that are insured by … It is also the largest Indian-American-owned bank in the country. Interest is paid monthly via ACH or added back annually. Odessa, Texas Bank CD Rates. At the time, $2 million of capital was required to start a bank; Patel had $1 million of his own to invest but needed to find investors for the remaining $1 million. College Station, Texas Bank CD Rates. CD features. Competitive, fixed interest rate until maturity 1 Spoke to them today and confirmed the following related to the Jumbo 12 month - 2.6% offer: We're OLD and depend on CD interest along with our S/S to exist! While a Jumbo CD can be funded through an ACH transfer, maturing funds will be distributed by cashier’s check, by wire, or by a transfer to another SBT account. Interest Rates may change weekly! United Bank CD rates are very competitive right now on the bank's Special and Flex Up certificates of deposit. A “New Account Form” will be emailed to out-of-state customers that can be returned by mail, email, or fax. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Happy State Bank. To look for the best CD rates, both nationwide and state specific, please refer to DA’s CD Rates Table page. With our CD’s, you have a safe way to grow your money. Securities offered through SWBC Investment Services, LLC, a registered broker/dealer. Maturity Period is 365 days or more: Your fee will be $25 plus 3% of the amount withdrawn. Rates Current As Of: Friday, December 25th, 2020. There are many terms available, which is great. Featuring some of our best savings rates, a CD will earn a set rate for a specific period of time. There is a minimum deposit of $1,000.00 to open an account. 3 month Special CD rates at United Bank are at 1.64 percent with an APY of 1.65 percent. Know what you’ll get ahead of time! I think "jumbo" refers to the minimum deposit, not the APY. If you are looking to earn more on your balances, then consider investing in certificates of deposit (CDs) at First State Bank. However, if the bank’s posted rates decrease, you’re protected during the term of your CD. Member FINRA/SIPC. Please note: Compare the Best State Bank of Texas Rates. Interest is … Big banks have lower rates because they know most people won't go to banks that don't offer the same conveniences. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. Of course the 2.6% rate is very appealing to us, but skeptical since this bank does not show up on www.bankrate.com as others do. Minimum Balance to obtain APY for regular CDs is $0.01 and $100,000 for Jumbo CDs. SMS from your computer. It is also the 991 st largest bank in the nation. Highest APY Interest Rate. Last week, SBT raised the rate on the Jumbo MMDA to 1.55% APY on balances of $100k+, and CSR confirmed that it... State Bank of Texas’ (SBT) has raised the rate on its 12-month Jumbo CD (1.55% APY, $100k minimum) and 12-month CD (1.45% APY, $25k minimum). Special Bank CD Offers – Texas 2020 Below are special Certificate of Deposit special rates and terms from banks in Texas. Annual Percentage Yield (APY) is accurate as of 12/10/2020 and applies to the initial term of a new Standard Term CD. I remember when jumbo CD's were paying over 15%. SBT is currently the 76th largest bank in Texas, with deposits in excess of $637 million. As a privately held, independent bank, State Bank of Texas is committed to best-of-class customer service, personal attention, fast loan approval, and being accessible to customers across the country. Compound Interest Calculator CD Account from State Bank of Texas with 0.50% APY . Term Minimum Deposit Rate APY* 31 - 179 Days: $1,000: 0.100%: 0.100%: 180 - 364 Days: $1,000: 0.100%: 0.100%: 8 Months*** $5,000 Standard CD: Maturity Period is less than 365 days: Your fee will be $25 plus 1% of the amount withdrawn. ALL LOCATIONS: Orange 4039 IH 10 East Orange TX 77630 Phone: 409.221.6777 Business Hours: 9-4 MON-WED, THUR 9-5, FRI 9-4 Drive Thru: MON-FRI 8-5. As rates continue to rise, now is a great time to start accruing more interest in a time deposit account. Humble, Texas Bank CD Rates. I’m pleased to report that SBT has recently made these products available nationwide, yet again. Programs, rates, terms and conditions are subject to change without notice. ** Depending on account type, if balance falls below minimum balance a service charge may apply. ... For current rates please visit one of our Banking Centers or call 1-800-580-0322. Undergirding the bank’s success is its laser focus on staying true to its purpose. Your funds are FDIC insured which makes a Vantage Bank Texas CD a safe choice. State Bank of Texas has an excellent capitalization level (20.39%), the resulting of holding $798.95 million in assets with $162.93 million in equity. FDIC insured Banks. Seems like anything over 1% is considered jumbo these days. CDs. That peace of mind surpasses the risk inherent in any stock, bond, or mutual fund. You may also leverage your CD to receive rate discounts on Vantage Bank Texas loans. When comparing bank CD rates in Odessa, TX make sure to choose a Odessa, TX bank that has deposits insured by the Federal Deposit Insurance Corporation (FDIC). Rates are subject to change SBT has been offering these products nationwide on-and-off for more than a year. Featuring some of our best savings rates, a CD will earn a set rate for a specific period of time. 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