Online Bank CD Rates TX (Texas)

So today we’ll bring you some On-line CD Rates in TX. Texas is a big state, so does that average huge interest rates. I’ve heard their cockroaches are as big as skateboards and their spiders are as large as cars. My favorite are the Bus sized Jackolopes. But I digress. Let’s check out the certificate rates.

USAA Federal Savings Bank – San Antonio, TX (FDIC# 32188)

USAA was established on 1983. They are about $32.6 Billion and nicely profitable. Maybe it is a Texas thing. Big states, big profit. They are native to TX. Maybe a healthy heaping of good ‘ol Texas pride will help the rates. USAA FSB has a 1-Year at 2.25% APY and a 2-year at 2.45% APY. So, So. A 4-year Jumbo IRA is paying 3.00% APY. With Fed funds at nearly 0%, that is pretty good. Although USAA is not open to everyone. You have to be a part of the military or a family member of someone in the military.

Comerica Bank – Dallas, TX (FDIC# 983)

First, check-out the FDIC#. established on March 5, 1849. That is old. They were originally The Detroit Bank and Trust company. They switched their name in 1982 to Comerica Bank-detroit (Yes, with a little “d”). They gulped down just about every bank in Michigan. In 1991, they removed “-detroit”. They continued gobbling up edges in MI,CA, FL, and TX. Finally, in 2007 Comerica Bank moved to TX. They are big, about $67.6 Billion, but they aren’t native to TX. They have 1.00% APY for up to 1Y and a 2.00$ APY for a 2-year CD to 10-year CD. They were profitable for the year though. That is scarce these days.

The American National Bank of Texas – Terrell, TX (FDIC# 23474)

I just loved the name of the bank. But hopefully, it doesn’t become an omen for nationalizing the banking system. ANB of TX is about $2 Billion in assets and also profitable. So from what I found, for the most part, TX has a substantial set of edges. American National was established on 1981. With a name like, “The American National Bank”, I thought for sure this would be an oldie. Rate data wasn’t obtainable on their website.

Guaranty Bank – Dallas, TX (FDIC# 32618)

Guaranty Bank has an interesting product, the JumboUp CD. It is a set-up CD and only requires an initial place of $10,000. They have a 16-month and 24-month option. The rates step-up every 4-months and 6-months respectively. The interest rates average out to a respective 2.22% APY and 2.32% APY. One problem is, Guaranty Bank also has a 1-year and 16-month CD that are paying a better} provide. However, the step-up (or JumboUp) 24-month CD pays a higher provide than the fixed 2-year term. They were established on 1988. They are about $15 Billion in assets. They do have a loss of about $420 Million. Ouch! That is way down from an $89 Million dollar profit in 2007. Stay away from the Riverboats

Texas Capital Bank, NA – Dallas, TX (FDIC# 34383)

Texas Capital is one of the babies of the bunch. They were established on 1997, but are already $5.1 Billion in assets. And another profitable Texas Bank. But unfortunately, the on-line rates are awful. Top rate is 1.21% APY. I’m really starting to worry here.

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