Dedicated to Deposits: Deals, Data, and Discussion

2.02% 12-Month CD & 2.53% 24-Month CD at Park Cities Bank in Dallas/Fort Worth - Local Only


Park Cities Bank

Park Cities Bank is offering some competitive CD rates. The following are listed in the bank's rates table as of 2/21/2010:

  • 2.02% APY 12-month CD
  • 2.53% APY 24-month CD with a one-time bump-up option
  • 2.79% APY 36-month CD with a two-time bump-up option

These are also available in an IRA. Minimum deposit is $1,000. The bank's Bump-Up CD section describes the details of this bump-up option. The usefulness of a bump-up feature depends on the bank maintaining competitive rates on those CDs in the future. If they don't, the bump-up feature may not be useful. Nevertheless, the rates are competitive even without the bump-up option.

It appears a branch visit is required to open an account. Branches are located in Dallas and Fort Worth, Texas.

The bank's ratings for safety and soundness are a little mixed: 3½ stars (good) at BauerFinancial and 2 stars (below peer group) at Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 2000 (FDIC Certificate # 57057).

  Tags: CD rates, IRA rates, Texas, Park Cities Bank

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Comment #1 by Anonymous posted on
Also, they allow unlimited additions of at least $1000 to the 36 month CD.  I opened one of these Feb 20 at one of their branches with no problems.