First United Bank (TX) Offers Short-Term Jumbo CDs


Availability: Market area covers the Texas Panhandle.

Texas-based First United Bank (FUB) began the week by raising the rates on its 1-year Jumbo CD (1.35% APY) and 18-month Jumbo CD (1.50% APY). The minimum opening deposit for either Jumbo CD is $100k, with no stated balance cap.

4.47%$100k-First United Bank1 Year Jumbo CD
4.06%$100k-First United Bank18 Month Jumbo CD
Rates as of April 18, 2024.

The 1-year Jumbo CD was introduced to the product line in January 2011 at a rather unimpressive 1.00% APY. In the next 17 months, the APY dropped five times, settling at 0.55% APY in May 2012, where it remained until this week’s rate hike.

Like the 1-year, the 18-month Jumbo CD was added in January 2011 (1.21% APY), but its seven subsequent rate drops occurred over the following 29 months. The rate languished at 0.65% APY from May 2013 until this week.

As stated in the Deposit Account Agreement document, the Early Withdrawal Penalty reads as follows:

Less than or equal to one year – penalty of 90 days interest;
more than one year – penalty of 180 days interest.


Headquartered in Dimmitt, First United Bank’s market area is primarily the Texas Panhandle, although CSR did state any Texas resident could open an account, “if they were willing to visit a (FUB) branch location.”

Opening either of the Jumbo CDs can be done at any of 15 Texas branches located in Amarillo (3), Canyon, Dimmitt, Earth, Lamesa, Littlefield, Lubbock (3), Seagraves, Seminole, Sudan, and Wichita Falls.

FUB’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

First United Bank (FDIC Certificate # 12769) has an overall health grade of "A" at, with a Texas ratio of 0.98% (excellent) based on March 31, 2016 data. First United Bank has an excellent capitalization level (13.12%), a result of holding $1.12 in assets with $146.43 million in equity. Please refer to our financial overview of First United Bank for more details.

First United Bank is currently the 50th largest bank in Texas, with assets in excess of $1.1 billion. Established in 1907, the Bank’s history started on a positive note:

1907 Was A Good Year

Good, because West Texas was seeing an economic boom that led to the formation of The First State Bank of Dimmitt, the predecessor to First United Bank. The Bank was owned and operated by the McLean family for 75 years before being sold. In 1985 an expansion began, and in the following 30+ years the Bank acquired five Texas Panhandle banks. The name was changed to First United Bank in 1994, as “This name better reflected the unity of a single family serving several communities.”

How the CDs Compare

When compared to the 188 similar length-of-term CDs tracked by that are available to residents in the Texas Panhandle, First United Bank's 1-Year Jumbo CD APY currently shares the top spot with State Bank of Texas’ Jumbo 12-Month CD, regardless of minimum deposit.

When compared to the 138 similar length-of-term CDs tracked by that are available to residents in the Texas Panhandle, First United Bank's 18-Month Jumbo CD APY currently ranks third, regardless of minimum deposit.

The above rates are accurate as of 7/19/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our Rates Map page.


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