CNB Texas Unveils Rate-Leading 12-Month CD Special


Deal Summary: 12-month CD Special, 5.64% APY, $10k minimum opening deposit.

Availability: Six Dallas metro area counties and Tahoe City, California.

For a limited time, Citizens National Bank of Texas (CNB Texas) is offering a 12-month CD Special with a market-leading 5.64% APY. The 12-month CD Special requires a $10k minimum opening deposit, with no stated balance cap. There is no specified end-date on the CNB Texas website and CSR was not aware of an end-date. It's another case of "it will be available until it isn't."

5.65%$10k-Citizens National Bank of Texas12 Month CD Special
Rates as of April 14, 2024.

Early Withdrawal Penalty

There is no Truth-in-Savings disclosure available on the CNB Texas website. According to CSR, a 12-month CD Special can only be closed early; no partial withdrawals are allowed and the principal may be reduced. CSR described the Early Withdrawal Penalty (EWP) as being “complicated” and formulaic, using the balance total and when the CD Special is closed as determining factors. While a specific EWP could be generated by "the computer," CSR did not have the ability to run the numbers for the hypothetical scenario ($25k deposit closed at six month) I posited. (I was hoping to do some reverse engineering to get idea of what the EWP is.)

Availability and Account Opening

Headquartered in Waxahachie, Texas, CNB Texas has a brick-and-mortar presence in six Dallas metro area counties (Dallas, Ellis, Erath, Johnson, Parke, and Tarrant) and in Tahoe City, California. CNB Texas offers its product line and services to U.S. citizens and resident aliens (18 years or older) who have a valid Social Security number or Tax ID number.

The 12-month CD Special must be opened in-branch at any of eleven full-service Texas branches located in Burleson, Cedar Hill, Cleburne, Ennis, Midlothian, Red Oak, Stephenville, Waxahachie (3), and Weatherford. CBN Texas also has a branch in Tahoe City, California.

Funding and Other Particulars

The following information is from a conversation with CSR.

  • Funding – Funds must be on deposit at CNB Texas before opening a CD. ACH, wire, or check can be used to deposit funds.
  • Ownership – Individual, joint, or trust.
  • Interest – Compounded/credited monthly; earned interest cannot be withdrawn without penalty.
  • Maturing Funds – Cashier’s check to address on file or internal transfer to a CNB Texas checking or savings account.
  • Grace Period – 10 calendar days before automatic renewal.
  • Beneficiaries – Unlimited with equal shares; Social Security numbers required for all beneficiaries.
  • Credit Check – ChexSystems.

Bank Overview

CNB Texas has an overall health grade of "B+" at, with a Texas Ratio of 4.72% (excellent) based on September 30, 2023 data. In the past year, CNB Texas’ total non-brokered deposits decreased by -$249.69 million, a poor annual growth rate of -14.09%. Please refer to our financial overview of CNB Texas (FDIC Certificate # 5574) for more details.

Founded in 1868, the Bank was originally known as "Ferris and Getzendaner, Attorneys at Law and Bankers" and was the only North Texas bank for several years. The name was changed to Citizens National Bank in 1884, following a $100k capitalization. In 1905, Citizens National Bank and First National Bank merged, operating as the Citizens National Bank of Waxahachie for 101 years before rebranding as Citizens National Bank of Texas. For the past 94 years, CNB Texas has been owned and operated by the Singleton family. The current President, M.E. Singleton III, is the fourth generation of Singletons to occupy that position. CNB Texas is currently the 57th largest bank headquartered in Texas, with assets in excess of $1.7 billion and more than 58,000 customer accounts.

How the 12-Month CD Special Compare

When compared to similar length-of-term CDs tracked by that are available within the market area and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the CNB Texas 12-month CD Special. The following table compares the 12-month CD to the four highest-rate similar length-of-term CDs from banks/credit unions within the market area.

The above information and rates are accurate as of 3/12/2024.

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

Related Pages: Dallas CD rates, Sacramento CD rates, 1-year CD rates


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