5.50% 11-Month CD at a Texas Bank

First National Bank is offering a 5.50% APY 11-month certificate of deposit. The minimum deposit to open is $5K. A higher rate of 5.65% APY is offered for the same term for deposits of $100K and greater. This special doesn't seem to be listed at their website. It was advertised in today's Corpus Christi newspaper. The ad is available online here.

Based on a previous CD special, the bank sometimes has different CD specials at branches in different cities. It's interesting to note that this new special is 50 basis points higher than the special I posted on 4 months ago. Plus the term is 4 months shorter.

The First National Bank has branches in many cities in Texas including Dallas, Houston, San Antonio, Austin, Laredo, Corpus Christi and the Rio Grande Valley.