Texas Brand Bank is advertising three CD specials with competitive rates. These include a 1.20% APY 18-month CD, a 1.35% APY 2-year CD and a 1.50% APY 3-year CD. Minimum deposit is $50,000. These don't seem to be listed on the bank's website. They were advertised in Tuesday's Dallas Morning News (2/14/2012). The ad is available online here. The ad states that the "offer expires February 28, 2012 at 4:00pm".
In a previous post a reader noted that the bank does not accept out-of-state deposits. It appears a branch visit is required. The bank's office is located in Garland, Texas which is in the northeast suburbs of Dallas.
Texas Brand Bank is a small bank with just under $92 million in assets based on September 2011 data. The bank has been a FDIC member since 2005 (FDIC Certificate # 57922).
How These CD Rates Compare
These Texas Brand Bank CD specials are very competitive for the Dallas metro area. For those in Southeast Texas, you can get the best CD rates in the nation at Gulf Coast Credit Union. These include a 1.65% APY 18-month CD, a 1.85% APY 2-year CD and a 2.02% APY 3-year CD.
The best 18-month CD rate that's nationally available is 1.20% APY at KeySource Commercial Bank. The best 2-year and 3-year CD rates are 1.36% APY and 1.86% APY at Melrose Credit Union. These rates are accurate as of 2/17/2012.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.