5.50% 12-Month CD at a Dallas Bank (First National)

First National Bank is offering a 5.50% APY 12-month certificate of deposit. The minimum deposit is $5,000. This rate doesn't seem to be listed at the bank's website. It was advertised in today's Dallas Morning News. The ad is available online here. The nice thing about this special CD is that it doesn't seem to require a checking account or other relationships.

According to the ad, the rate is only available at the bank's Dallas area branches. I called an Austin branch, and the 12-month rate was a little lower at 5.35% APY. It sounded like this could be negotiated to a higher rate especially if you had a large deposit. The bank has branches throughout Texas. The bank has been FDIC insured since 1934 (FDIC Certificate # 14318).

Tags: CD rates, Texas