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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.

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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Competitive CD Rate Specials at BBVA Compass
BBVA Compass

Last September I reported on a special 5-year CD at BBVA Compass. That special continues, and there’s also a new 29-month CD special that is also competitive. In addition, a few things have changed at Compass. The 5-year CD special still has a 2.00% APY. The new 29-month CD special has a 1.25% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). These rates are listed in the bank’s CD promotion page as of 3/24/2014.

One thing that has changed for...

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Competitive CD Rates at Security Service FCU in TX, CO & UT
Security Service Federal Credit Union

Security Service Federal Credit Union just increased its 5-year CD and IRA CD rates. Rates went up by 40 basis points. In San Antonio, the Jumbo 5-year CD rate is 2.25% APY. This requires a $100,000 minimum deposit. Rate is 5 basis points lower for a $50K minimum, 10 basis points lower for a $25K minimum and 15 basis points lower for a $500 minimum.

Security Service FCU continues to offer a good deal on a 13-month CD. In San Antonio, the Jumbo 13-month CD rate is 1.25% APY.

Rates vary by...

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14-Month CD Rate Special at Generations FCU in San Antonio, Texas
Generations Federal Credit Union

Generations Federal Credit Union is offering a promotional certificate with very competitive rates. It has a 1.60% APY for a $100,000 minimum deposit or a 1.50% APY for a $10,000 minimum. The term is 14 months. The rates apply to both regular and IRA CDs. These rates are listed in this credit union promo page as of 2/19/2014. Thanks to DA member Shorebreak for posting on this news in the forum.

It’s interesting to note that Generations had a similar promotion in late 2012. In that case the CD had a...

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BB&T $125 Checking Account Bonus That Doesn’t Require Direct Deposit
BB&T

BB&T has brought back its $125 checking account promotion. Like the one last year, you can qualify for the bonus without direct deposit. That’s rare these days. The one downside remains the same. All of BB&T's checking accounts have potential monthly service fees. So if you open the checking account for the bonus, you have to make sure to avoid the fees.

To qualify for the $125 bonus, customers must open a BB&T checking account and either 1) use online bill pay for 3 bill payments with a minimum payment of...

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PenFed CD Rates Going Down for New CDs in February
Pentagon Federal Credit Union

PenFed will be lowering most of its CD rates in February. This isn’t official since these rates are not yet posted on PenFed’s website. I learned of these rates from a PenFed customer service representative in a phone call this morning. Near the end of the month PenFed’s board of directors approves the CD rates for the next month. Once they’re approved, the CSRs are typically notified of these new rates by an internal email. Thanks to DA reader Lou for first reporting on this news in the forum.

One important...

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Special CD and IRA CD Rates at Xceed Financial Credit Union - Easy Membership
Xceed Financial Credit Union

Xceed Financial Credit Union just came out with a new CD special. It has a 1.50% APY and a 17-month term. Minimum deposit is $500. This special isn’t available in an IRA, but there is a special 14-month IRA CD with a 1.40% APY. Xceed is still offering a special 7-month CD and IRA CD with a 1.00% APY and a special 19-month CD and IRA CD with a 1.25% APY. These special CD rates are listed on the credit union's rates page and in the credit union's news &...

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Update on Early Withdrawals from PenFed IRA CDs
Pentagon Federal Credit Union

PenFed IRA certificates have some nice features, but a reader has recently found out that they’re not as nice as you might think. We have long known that PenFed allows penalty-free partial withdrawals of IRA CDs when the owner has reached 59 ½ . However, there are limitations on the partial withdrawals. First, here’s what is stated in PenFed’s IRA Application Booklet:

Not only are partial withdrawals allowed, but there is no penalty "if the owner has reached age 59½ and takes a partial withdrawal." That is one of four early...

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Kindle Fire HD Checking Account Bonus at BBVA Compass
BBVA Compass

BBVA Compass is again offering a free Kindle Fire HD for opening a checking account and for performing a few activities. It’s a 7" 8GB Kindle Fire HD which is currently selling on Amazon for $139. It is not the Kindle Fire HDX which is much more expensive. Here's the link to the new promotion. Below are the steps required for the bonus:

  • Open any ClearChoice consumer checking accounts by March 31, 2014
  • Within 90 days of account opening, at least one electronic direct deposit of $300 or more from an unrelated...
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7-Month Holiday CD Special at Washington Federal in Western States
Washington Federal

Washington Federal is offering a holiday special CD with terms of 7 or 13 months. It has a 1.00% APY, and the minimum deposit is $1,000. Maximum deposit is $250,000. I found this special mentioned at this Washington Federal deposit rates page on 12/27/2013.

In 2011 Washington Federal had offered top rates on its 5-year CDs. This year they haven’t had any competitive rates for their 5-year CD or other standard terms.

A branch visit has been required to open accounts. For those who prefer opening a CD in a branch,...

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Four Important Points about PenFed’s CDs and IRA CDs
Pentagon Federal Credit Union

I’m glad to see PenFed is still offering the very high CD rates. When I first reported on these on December 1st, I was concerned that they may not last through December. As I mentioned, PenFed no longer guarantees the CD rates will last for the entire month. However, I can’t remember a time when PenFed lowered CD rates before the end of the month. In addition, I see PenFed has a rotating banner on its home page advertising the 3.04% 5-year CD, and that banner says "your gift for...

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