Texas Advantage Community Bank is offering two very competitive CD specials: a 3.00% APY 30-month CD and a 2.10% APY 13-month CD. These are only for new money or existing checking account holders. Maximum deposit is $99,000 per CD. This promotion doesn't seem to be listed at the bank's website. A reader emailed me a scan of the bank's ad that was in a local newspaper yesterday (2/28/2010). The scan of the ad is available here. According to the ad, the offer ends on 3/15/2010.
It appears that a branch visit is required to open an account. Branches are located in the Texas cities of Pearland and Alvin which are between Houston and Galveston.
The bank's ratings for safety and soundness are fair: 3½ stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 2006 (FDIC Certificate # 58450).
Special thanks to the reader who emailed me the news and scan of this CD promotion.
