Affiliated Bank (TX) Adds 13-month CD Special, 2.75% APY

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Deal Summary: CD Specials – 13-month (2.75% APY), 24-month (2.85% APY), $10k minimum.

Availability: Market area includes Dallas, Tarrant, and Travis Counties, Texas.

A long-time DA reader emailed me about two CD Specials currently being offered by Affiliated Bank – a 12-month (2.75% APY) and a 24-month (2.85% APY). While the CD Specials are not listed on the Bank’s website, I did find an advertisement for the CD Specials in the July 29 edition of the Austin American Statesman. According to the advertisement, and confirmed by CSR, a $10k minimum opening deposit is required and there are no stated balance caps.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.85%$10k-Affiliated Bank24 Month CD Special
2.75%$10k-Affiliated Bank13 Month CD Special
Rates as of August 15, 2018.

CSR stated the CD Specials were available at least through the end of this week, but there was no guarantee how long they would be offered.

According to CSR, the Early Withdrawal Penalty for either CD Specials is 90 days interest on the amount being withdrawn.

Availability

Headquartered in Bedford, Texas, Affiliated Bank’s market area includes Dallas, Tarrant, and Travis Counties.

Opening a CD Special must be done at any of four Texas branches, located in Arlington, Austin, Bedford, and Garland.

Although Affiliated Bank’s personal online platform is currently undergoing “enhancements,” it’s still limited to account management and bill payment services.

Bank Overview

Affiliated Bank has an overall health grade of “A" at DepositAccounts.com, with a Texas Ratio of 1.938% (excellent), based on March 31, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $39.94 million, an excellent annual growth rate of 9.81%. Please refer to our financial overview of Affiliated Bank (FDIC Certificate # 34885) for more details.

Although its doors first opened for business in 1959, Affiliated Bank celebrated its 20th anniversary this past June. Confused? Affiliated Bank started out as the Affiliated Credit Union, serving the owners and employees of the Texas-based Affiliated Food Stores. The Credit Union converted to a federal savings bank on June 1, 1998, with assets of approximately $8 million. Affiliated Bank is currently the 93rd largest bank in Texas, with assets in excess of $670 million.

How the CD Specials Compare

When compared to the 332 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the Bank’s market area, Affiliated Bank’s 13-month CD Special APY currently ranks third.

Interest RateCD Length of TermCredit Union/Bank
2.88% APY12-Month CD ($10k min)Texas Exchange Bank
2.80% APY12-Month CD ($1k min)United Texas Bank
2.75% APY13-Month CD Special ($10k min)Affiliated Bank

When compared to the 325 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the Bank’s market area, Affiliated Bank’s 24-month CD Special APY currently ranks fifth.

Interest RateCD Length of TermCredit Union/Bank
3.00% APY24-Month CD ($10k min)CD Bank
2.95% APY2-Year Popular Direct CD ($10k min)Popular Direct
2.85% APY24-Month CD Special ($10k min)Affiliated Bank

The above rates are accurate as of 8/2/2018.

Looking for the best CD rates, either nationwide or state specific? Please refer to our CD Rates Table page.

Related Pages: Dallas CD rates, Austin CD rates, 1-year CD rates, 5-year CD rates

Comments
Blade
Blade   |     |   Comment #1
Spoke with the Austin/Round Rock branch today - interest is paid at maturity and may not be taken early without penalty. (only inquired about the 13 month offer)

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