Texas Security Bank is offering a very competitive 16-month CD special with a rate of 1.60% APY. New money is required. Minimum deposit is $1,000, and the maximum is $250,000. This special is listed at the bank's rates page as of 3/12/2012. The special is scheduled to end on 3/31/2012.
The bank also has two other deposit specials, but they're not nearly as competitive as this 16-month CD. One is a special 1-year CD with a 1.00% APY. The other is a money market account with a special 1.00% APY guaranteed for the first 90 days. The rate guarantee can be extended for another 90 days by opening a new checking account.
It appears that a branch visit is required to open an account. Texas Security Bank branches are located in Dallas and Garland.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) based on December 2011 data. Please refer to our financial overview of Texas Security Bank for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58739).
How This CD Rate Compares
Any rates over 1.20% are very competitive for terms under 18 months in today's environment. As a comparison, the best 18-month CD rate that's nationally available is 1.20% APY at KeySource Commercial Bank. This is accurate as of 3/12/2012.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.