BTH Bank's (TX) 30-Month Worry-Free CD Rate Increases

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Deal Summary: Worry-Free CDs, 30-month (2.64% APY) and 60-month (2.84% APY); $10k minimum deposit; additional deposits ($10k minimum) allowed; rates indexed to one-year Treasury rate.

Availability: Market area extends eastward from the greater Dallas metropolitan area to near the Louisiana border.

In April, BTH Bank added two Worry-Free CDs, which are indexed to the Treasury rate. In the past nine months, there have been seven rate increases for each CD, resulting in very competitive rates: 30-month (2.64% APY) and 60-month (2.84% APY). The minimum opening deposit is $10k, with no stated balance.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.41%$10k-BTH Bank60 Month Worry-Free CD
2.36%$10k-BTH Bank30 Month Worry-Free CD
Rates as of November 12, 2018.

Although not listed on BTH Bank’s website, the Worry-Free CDs are also available as IRAs, earning the same Treasury-indexed APYs with the same funding requirements.

The rates are subject to change every three months after the account is opened. According to a sample Truth-In-Savings Disclosure sent by a very helpful CSR,

The adjusted interest rate will be the index existing on
the last business day of the previous month plus 0.85%.

The Worry-Free CDs also offer the option of unlimited additional deposits (at least $10k) that can be made through the term of the CD, with the exception of “within 30 days of final maturity.”

The Early Withdrawal Penalty for the 30-month Worry-Free CD is 180 days interest and 360 days interest for the 60-month Worry-Free CD.

Treasury Yields

I include current Treasury yields in my bi-weekly Best Bank Accounts Summary, citing the Daily Treasury Yield Curve Rates. In the past twelve months, the 1-year Treasury Rate has ranged from a low of 0.79 (February 2, 2017) to last week’s high of 1.80.

Availability

Headquartered in Quitman, Texas, BTH Bank’s market area covers the “Prairies & Lakes and Piney Woods” regions, stretching from the greater Dallas metropolitan area eastward to Carthage.

Opening a Worry-Free CD can be done online, over the phone (903.763.2264) or at any of twelve Texas branches located in Carthage, Dallas, Hawkins, Henderson, Kilgore, Lindale, Longview, Mineola, Plano, Quitman, Tyler, and Winnsboro.

Minors, resident aliens and non-resident aliens may apply by contacting BTH Bank directly.

Bank Overview

BTH Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.70% (excellent) based on September 30, 2017 data. In the past year, BTH Bank has increased its total non-brokered deposits by $397.75 million, an excellent annual growth rate of 49.25% APY. Please refer to our financial overview of BTH Bank (FDIC Certificate #3402) for more details.

BTH Bank is one of the few community banks operating in East Texas today, and has a history that stretches back more than 110 years. In 1905, W. M. Lloyd established a small, private bank in Quitman, which subsequently received a state charter in 1908, resulting in the First State Bank. A national charter was granted in 1914 and the First National Bank of Quitman took the stage. Almost 100 years later, the Bank had become BankTexas and,

In 2006, seven members of the bank's board of directors raised approximately $13 million from local investors to form BT Holdings, which purchased BankTexas from its then non-local owners. The transaction allowed BTH Bank to once again become a locally-owned financial institution.

BTH Bank is currently the 37th largest bank in Texas, with assets in excess of $1.5 billion and more than 21,400 customer accounts.

How the Worry-Free CD Compares

Since these Worry-Free CDs have variable rates, comparing them to standard fixed-rate CDs is not really fair. Nevertheless, for simplicity, the following comparisons were done to give readers an idea about how the rates compare with rates of standard fixed-rate CDs with similar terms.

When compared to the 250 similar length-of-term CDs tracked by DepositAccounts.com that are available within the Bank’s market area and require a minimum deposit of $10k or less, BTH Bank's 30-month Worry-Free CD currently ranks first.

When compared to the 221 similar length-of-term CDs tracked by DepositAccounts.com that are available within the Bank’s market area and require a minimum deposit of $10k or less, BTH Bank's 60-month Worry-Free CD currently ranks second.

The above rates are accurate as of 1/30/2018.

To look for the best CD rates, nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Shreveport CD rates, Dallas CD rates, Tyler CD rates, 5-year CD rates

Comments
losingtrader
losingtrader   |     |   Comment #1
With respect to the one-year treasury index being used, is the bank using the Treasury Constant Maturity Series from FRB release H15 or some other "index"
losingtrader
losingtrader   |     |   Comment #2
Update the Worry free CD is now 80% of the 5 year T constant maturity with no margin.

Yields are much lower for new money
Kaight
Kaight   |     |   Comment #3
Thank you for your post which has called my attention to this offering. Prior I was unaware.

I am intensely interested in any sort of indexed CD. While I do not qualify for this one, it is informative nevertheless just to be aware of this and to be able to study its structuring and terms.
BTH Bank (TX) Offers Worry-Free CDs
Deal Summary: Worry-Free CDs, 30-month (2.04% APY) and 60-month (2.24% APY); $10k minimum deposit; additional deposits ($10k minimum) allowed; rates indexed to one-year Treasury rate.

Availability: Market area extends eastward from the greater Dallas metropolitan area to near the Louisiana border.

A week ago, I wrote about BTH Bank’s Worry-Free Money Market account (1.78% APY, $500k+), which is indexed to the 1-Year Treasury rate. BTH Bank also offers two Worry-Free CDs that are also indexed to the Treasury rate: 30-month (2.04% APY) and 60-month (2.24% APY); of the...

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BTH Bank (TX) Hikes Worry-Free Money Market Rates

UPDATE 6/19/2017: BTH Bank has redefined its market area and will no longer accept state-wide applications. The market area now extends from the Dallas metro area eastward to the Louisiana border.

Deal Summary: Worry-Free Money Market, 1.78% APY ($500k+) and 1.58% APY ($100k+). Rates indexed to one-year Treasury rate.

Availability: Market area is Texas the Dallas metro area eastward to the Louisiana border.

It’s been more than a year since I first wrote about BTH Bank’s Worry-Free Money Market account, which is indexed to the 1-Year Treasury rate....

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BTH Bank (TX) Boosts Worry-Free Money Market Rate
Deal Summary: Worry-Free Money Market, 1.64% APY ($500k+), 1.44% APY ($100k+)

Availability: Market area is Texas.

Ten months ago, I wrote about BTH Bank’s Worry-Free Money Market account, which at the time was earning 1.29% APY ($500k+) and 1.09% APY ($100k). Ten days ago, BTH Bank raised the rates on the Worry-Free Money Market for the seventh time in eight months, resulting in APYs of 1.64% ($500k+) and 1.44% ($100k+). Balances below $100k earn an unimpressive 0.25% APY.

The Worry-Free Money Market account requires a...

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BTH Bank (TX) Raises Worry-Free Money Market Rate
Availability: Market area is Texas.

At the end of last week, BTH Bank raised the rate on its Worry-Free Money Market account (1.29% APY on balances of $500k+; 1.09% APY on balances of $100k). In the past year, the Worry-Free Money Market account has had 13 rate changes, ranging from a low of 0.86% APY in June 2015 to the current high of 1.29% APY.

The minimum opening deposit is $10k and the $12 monthly service charge can be waived by maintain a minimum $10k balance.

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BTH Bank (Texas) Raises Worry-Free Money Market Rate
Availability: Market area is Texas

Last week, BTH Bank raised the rate on its Worry-Free Money Market account (1.11% APY on balances of $500K+). In the past two years, there have been 12 rate changes for the Worry-Free Money Market account, ranging from a low of 0.75% APY in November 2013 to the current high APY of 1.11%.

The minimum opening deposit is $10K and the $12 monthly service charge can be waived by maintain a minimum $10K balance.

The tiered APYs on the Worry-Free Money Market...

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