On-Line 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 mean big interest rates. I've heard their cockroaches are as big as boulders and their spiders are the size of cars. My favorite are the Bus sized Jackolopes. But I digress. Let's check out the bank rates.

Comerica Bank - Dallas, TX (FDIC# 983)
First thing to notice is the FDIC#. This bank was established on March 5, 1849. That's old. They started out as The Detroit Bank and Trust company. They changed their name in 1982 to Comerica Bank-detroit (Yep, with a little "d"). They gobbled up just about every bank in Michigan. In 1991, they dropped "-detroit". They continued to gobble up banks 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 rare these days.
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USAA Federal Savings Bank - San Antonio, TX (FDIC# 32188)
USAA was established in 1983. They are about $32.6 Billion and also profitable. Maybe it is a Texas thing. Big states, big profit. They are native to TX. Maybe some 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. Not bad. A 4-year Jumbo IRA is paying 3.00% APY. With Fed funds at basically 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.
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Texas Capital Bank, NA - Dallas, TX (FDIC# 34383)
Texas Capital is one of the babies of the bunch. They were established in 1997, but are already $5.1 Billion in assets. And another profitable Texas Bank. But sadly, the rates are awful. Top rate is 1.21% APY. I'm really starting to worry here.
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Guaranty Bank - Dallas, TX (FDIC# 32618)
Guaranty Bank has an interesting product, the JumboUp CD. It is a step-up CD and only requires a Max deposit of $10,000. They have a 16-month and 24-month option. The rates step-up every 4-months and 6-months respectively. They end up averaging 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 yield. However, the step-up (or JumboUp) 24-month CD pays a higher yield than the fixed 2-year term. They were established in 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. Some bad bets were made somewhere.
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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 profitable. So it certainly seems that for the most part, TX has a solid set of banks. American National was established in 1981. With a name like, "The American National Bank", I thought for sure this would be an oldie. I had to send an email asking for rates, so I'll post those later.
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Please leave any good rates you find in the comment section. Sharing is good.
So the Big Texas Banks, did not come through with big TX CD Rates. At least there is the Jackolope.


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