Dedicated to Deposits: Deals, Data, and Discussion

Texas Banking Rates and News

Browse through the stories below to view current deals for Texas banks or select an item from the menu bar above to view current rates in Texas.

Select Federal CU Celebrates 75 Years With 4 Highly Competitive CDs
Select Federal Credit Union

In celebration of its 75th anniversary, Select Federal Credit Union (SFCU) has introduced four new CDs with competitive rates: 12-month CD (1.35% APY), 24-month CD (1.45% APY), 36-month CD (1.75% APY), and 60-month CD (2.50% APY). These CDs are designated specifically for "new money" and are 25 basis points higher than their "existing money" counterparts.

The minimum deposit for any of these CDs is $500 and there is no maximum balance cap. The Early Withdrawal Penalties are reasonable, with term lengths of 12 months or less...

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Money Market Promotion Guaranteeing 1% through 2015 at BBVA Compass in Certain States
BBVA Compass

BBVA Compass has a very nice money market promotion. It’s guaranteeing a 1% APY on balances up to $2.5 million through 2015. Unfortunately, this isn’t available nationwide. It’s only available in states where BBVA Compass has branches (see below). For those who are eligible for this promotion, it’s a good way to ensure you get a 1% APY on all of your liquid savings. Hopefully, by the time 2016 comes, it’ll be easy to get higher rates. That may be why BBVA Compass if offering this type of promotion. Perhaps...

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$150 Checking and Savings Promotion at BBVA Compass in Certain States
BBVA Compass

BBVA Compass is offering another checking account promotion. In this latest one, you can earn up to $150, but it will take a year to earn the full amount. Refer to this BBVA Compass promotions page for the full details. The checking account must be opened by September 30, 2014. Below is a summary of what’s required:

  • First open up your BBVA Compass ClearChoice Checking account.
  • Then, within two calendar months, add a BBVA Compass savings or Money Market account, if you don't already have one.
  • Have one or more electronic deposits totaling...
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Triumph Savings Bank's Competitive Rate 12- and 18-month CDs
Triumph Savings Bank, SSB

Triumph Savings Bank, SSB (TSB) has recently raised the rates on several of its CDs, and the 12-month CD (1.10% APY) and 18-month CD (1.25% APY) are especially competitive. A deposit of $1K opens any CD offered by TSB, and all CDs are also offered as IRAs (Traditional and Roth). In case of early withdrawal, the penalty for both the 12- and 18-month CDs is 3 months interest. All of TSB's CD rates can be viewed at the bank's Certificate of Deposit page.

Availability

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Security First Credit Union Remains Competitive With 9-Month CD Special
Security First Credit Union

In January 2013, I wrote about Security First Credit Union's (Texas) competitive CD and IRA rates. Security First Credit Union is continuing to offer attractive products with a 9-month CD Special (1.16% APY) and a 2-Year CD (1.36% APY up to $50K and 1.39% APY over $50K). The 2-Year CD is also available as an IRA, with the same earnings rate. Both CDs require a minimum $1k deposit to open and have no maximum cap.

Availability

Security First Credit Union offers membership to...

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Shell Federal Credit Union's BE GREEN Rewards Checking Still Viable
Shell Federal Credit Union

After four years, Shell Federal Credit Union (Houston, Texas metro area) continues to offer their high-yield reward BE GREEN Checking account. Even though the BE GREEN Checking has two downsides for a reward checking account (an above average debit card usage requirement and a below average balance cap), the upside is having a reward checking account available in a large metropolitan area.

BE GREEN monthly requirements include:

  • 20 debit card purchases
  • ...
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Special 18-Month CD Rate at BBVA Compass - 1.15%
BBVA Compass

BBVA Compass now has special CD rates that are competitive for both the mid-term and long-term maturities. In March I reviewed the bank’s special 29-month and 60-month CDs. The bank also has a special 18-month CD with a competitive 1.15% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). This rate is listed in the bank’s CD promotion page as of 7/17/2014.

BBVA Compass customers who have preferred client relationship may be able to get an extra 10 basis points...

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Competitive 70-Month Promotional CD at Regions Bank - 2.25%
Regions Bank

Every now and then a large bank offers a decent rate on a promotional CD. The latest large bank to offer this type of deal is Regions Bank. It’s advertising two promotional CDs. The best one is a 70-month CD with a 2.00% APY. The other one is a 40-month CD with a 1.10% APY. Only the 40-month iCD is also available in an IRA. Minimum deposit is $10,000, and the maximum is $1 million. A checking account is required, and it must remain open during the entire term...

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Money Market Special with Guaranteed Rate for Texas Residents at Libertad Bank

Libertad Bank has a great deal for Texas residents. It’s a money market special that guarantees a 1.31% APY until 12/31/2014. Minimum balance to qualify for this rate is $10,000. Minimum opening deposit is $1,000, and a $1,000 balance is required to avoid a $9.99 service charge. The details of this promotion are listed in this Libertad Bank money market page as of 6/10/2014. Thanks to DA member txsaver who posted on this deal in the forum.

Below is the offer’s small print:

Note, it says "You must maintain a minimum...

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Capital One Business Checking Promotion with a $250 Bonus - Branch Only
Capital One Bank

Capital One is again offering a nice bonus for new business checking accounts. It’s not as nice as last year’s bonus, but it’s still a good deal. The current bonus is $250, and it’s scheduled to last until 4/30/2014. If it’s like past promotions, Capital One will probably extend it. The promotion requires a branch visit (see below for branch locations).

Here’s the link to the promotion at CapitalOne.com, and here’s a summary of what’s required to earn the $250 bonus:

  • Show this offer to a banker when you open your new...
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Update on First Financial Bank’s Reward Checking and Savings Accounts
First Financial Bank (AR)

First Financial Bank continues to have very competitive rates on its reward checking and savings accounts, and these accounts are now available to more people than when I last reported on this account in April 2013. The reward checking is called Kasasa Cash, and the savings account is called Kasasa Saver. My first report on these accounts was in January 2013, and the rates have held steady since that time. At the time of my first report, the bank was accepting new customers from any state. That didn’t last long,...

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$150 Checking Account Bonus in Several States at First Citizens Bank
First Citizens Bank (NC)

Unlike most checking account promotions, this one at First Citizens Bank doesn’t require direct deposit. There are other ways to qualify for the bonus without direct deposit. On the downside, it’s similar to most checking account promotions in that the qualifying checking accounts have potential monthly service fees. If you’re careful, this promotion can be a good deal. Here’s the link to the bank’s promotion page.

To receive the $150 bonus, you’ll need to open either a new Premier or Prestige checking account with a new debit card by April 30,...

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