First United (OK/TX) Ups 30-Month CD To 3.05% APY

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UPDATE 9/4/2019: Rates have been lowered – 14-month (2.25% APY) and 30-month (2.65% APY).

Deal Summary: Performance CDs – 14-month (2.75% APY) and 30-month (3.05% APY), $50k minimum, new money.

Availability: Market area includes 13 Oklahoma and 16 Texas counties.

About a year ago, I wrote about Oklahoma-based First United’s Performance CDs. First United does not provide any CD term-length or rate information on its website, which makes tracking CD rates on a daily basis problematic. As of yesterday, the 14-month Performance CD earned 2.75% APY, with the 30-month offering 3.05% APY. The minimum opening deposit is $50k of new money.

The Performance CDs also have a second APY tier based on $5k minimum deposit of new money, with rates that are a uniform 15 bps lower.

According to CSR, the Early Withdrawal Penalty for any of the Performance CDs is six months interest on the amount being withdrawn.

Availability

Headquartered in Durant, Oklahoma, First United’s market area includes 13 Oklahoma and 16 Texas counties.

Oklahoma counties – Bryan, Canadian, Choctaw, Cleveland, Creek, Garvin, Hughes, Marshall, McClain, Pontotoc, Pottawatomie, Seminole, and Tulsa.

Texas counties – Bell, Bexar, Burnet, Collin, Comal, Cooke, Dallas, Denton, Fannin, Guadalupe, Gillespie, Grayson, Hays, Llano, Travis, and Williamson.

Opening a Performance CD can be done at any of 37 Texas branches or 31 Oklahoma branches.

First United also has an online application of sorts, which collects basic personal information. Following application submission, the Bank will contact you.

Bank Overview

First United has an overall health grade of “A" at DepositAccounts.com, with a Texas Ratio of 6.56% (excellent), based on March 31, 2019 data. In the past year, the Bank has increased its total non-brokered deposits by $791.94 million, an excellent annual growth rate of 15.22%. Please refer to our financial overview of First United (FDIC Certificate # 4239) for more details.

Originally established in 1900 as Durant National Bank, the Bank’s name was changed in 1963 to Durant Bank & Trust (DB&T) when it became one of the first Oklahoma banks to have full trust powers. In 1998, DB&T acquired First United Bank and Trust Company and adopted its name. Between 1999 and 2016, six Oklahoma and two Texas banks were acquired, with the acquisition of American Bank of Texas in 2016 being the most recent and the largest. First United is currently the fourth largest bank headquartered in Oklahoma, with more than $7.1 billion in assets and more than 225,000 customer accounts.

How the Performance CDs Compare

Therefore, when compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available in the Bank’s Texas and Oklahoma market areas, First United’s 14-month Performance CD APY currently ranks second, regardless of minimum deposit.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available in the Bank’s Texas and Oklahoma market areas, First United’s 30-month Performance CD APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 7/12/2019.

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

Related Pages: Dallas CD rates, Waco CD rates, Austin CD rates, San Antonio CD rates, Oklahoma City CD rates, Sherman CD rates, Tulsa CD rates, 1-year CD rates, 5-year CD rates

Comments
MAKNYC
MAKNYC   |     |   Comment #1
Would anybody know if these 'Performance CD' rates were actually just increased to these levels, or is it possible they have been stable but due to the difficultly mentioned in tracking/mapping the data they were missed?
30month
30month   |     |   Comment #2
I don't know whether these rates have increased or not, but if you are looking for a 30 month CD there is one at Keesler Federal CU at 3.10% with $1K minimum and 3.21% for $100K minimum.
MAKNYC
MAKNYC   |     |   Comment #3
Thanks for the suggestion. Unfortunately Keesler is not a viable option as a result of the membership requirements. Otherwise their rates would be.
30month
30month   |     |   Comment #4
I recently joined with a donation to a charity, but now I see that that option is no longer available. Sorry about that, I thought anyone could join Keesler Federal CU.
willy12
willy12   |     |   Comment #5
Are you sure its no longer open via a donation?  
UPDATE 8/17/2018: The easy membership requirement through joining the American Cancer Society Cancer Action Network has been expanded to include all U.S. citizens and resident aliens, no matter where they live.
DonationOption
DonationOption   |     |   Comment #6
willy12,
I think you may be right. It is not listed on the membership page, but if you click on "Association Member" at the bottom of that page it is listed there as an option.
Oklahoma
Oklahoma   |     |   Comment #7
Just called First United about these rates and they did NOT have them. Quoted 2.65% on 30 month and 2.25% on 14 month.
First United (OK/TX) Offers 14-Month Performance CD

Deal Summary: Performance CDs – 14-month (2.85% APY), 21-month (3.20% APY), 30-month (3.35% APY), $50k minimum, new money.

Availability: Market area includes 13 Oklahoma and 16 Texas counties.

In the Sunday edition of the Dallas News, First United had an ad for three Performance CDs – 14-month (2.85% APY), 21-month (3.20% APY), and 30-month (3.35% APY). The minimum opening deposit is $50k of new money. FYI - First United does not provide any CD term-length or rate information on its website, and there is no mention of the Performance...

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2.12% 7-Month CD at First United Bank in Oklahoma - Local Only
First United Bank has a CD special with a 2.12% APY and a 7-month term. Minimum deposit is $1,000, and new money is required. This special isn't listed at the bank's website. It was advertised in yesterday's (6/21/09) Oklahoman newspaper. The ad is available online.

I just called the bank using their toll-free number, (800) 924-4427. I was pleased to immediately be connected to a CSR. Unfortunately, this deal only applies to their Oklahoma branches, and a branch visit is required. Branches are located in several Oklahoma cities including Ada, Durant,...

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