2.85% 30-Month CD & 3.10% 48-Month CD at Texas Citizens Bank in Houston - Local Only

Texas Citizens Bank is offering two competitive long-term CDs: 2.85% APY for 30 months and 3.10% APY for 48 months. Minimum deposit is $10,000. These have a bump-up feature that allows one bump up in the rates. There's also one competitive standard CD rate. It's a 24-month CD with a 2.50% APY. If you maintain a liquid account with direct deposit, you can get this raised to 2.60% APY. These rates are listed at the bank's rates page as of 4/05/2010.

Another deal at this bank is its high-yield reward checking account which has a 4.76% APY for balances up to $25K as of 4/05/2010. I first reported on this account almost two years ago.

Branches are located in Houston and Pasadena, Texas.

The bank's ratings for safety and soundness are average: 3 stars (adequate) at BauerFinancial (based on 12/31/09 data) and 3 stars (performing) at Bankrate.com (based on 9/30/09 data). The bank has been a FDIC member since 2006 (FDIC Certificate #58319).