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3.10% 12-Month Jumbo CD at Texas Brand Bank

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Texas Brand Bank
Texas Brand Bank is advertising a competitive 1-year CD with a 3.10% APY. Minimum deposit is $95,000. This special doesn't seem to be listed on the bank's website. It was advertised in today's Dallas Morning News (2/15/09). The ad is available online here.

Last year a reader noted that the bank does not accept out-of-state deposits. It appears a branch visit may be required. The bank's office is located in Garland, Texas which is in the northeast suburbs of Dallas.

The bank has fair ratings for safety and soundness: 3 stars (performing) at Bankrate.com and 3 stars (adequate) at BauerFinancial. Both ratings are based on 9/30/08 financial data.

Texas Brand Bank is a new bank that was just established in 2005. It's FDIC insured.
  Tags: Texas Brand Bank, CD rates, Texas

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Comments
2 comments.
Comment #1 by Rockin123 (anonymous) posted on
Rockin123
Alliance Bank, a community bank based in Sulphur Springs, Texas has a great rate on a checking account. They call it Freedom Checking and it is paying 5% on the balance with no minimum balance required. Of course there are hoops one has to jump through to get that great rate, but they are easy to meet. One must have one automatic deposit once per month, get the bank statement online, login to their Internet banking once per statement cycle, and have 10 debit card transactions. If all the crieteria are met, no only do you earn the 5%, you will also get ATM surcharges refunded, up to a max of $50.00 per month. ?This is a really nice account and it is from a solid community bank--not one of those big mega banks that is having financial problems. The community banks do a much better job, plus they support and spend money right here in our own towns.

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. This is one of the better reward checking accounts. I have more info on Alliance Bank in this post. To find other reward checking accounts or to learn more about these, please refer to my reward checking website.

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