Green Bank (TX) Offers Limited Time 29-Month CD Special


Availability: Market area includes the metropolitan areas of Austin, Dallas, and Houston, Texas, and Louisville, Kentucky.

Green Bank. N.A. (Green Bank) recently added a 29-month CD Special (1.50% APY). This limited-time offer requires a minimum opening deposit is $1k of new money, with no stated balance cap. The fine print on the promotion page reads,

Deposits are generally insured to $250,000 per depositor under the FDIC’s deposit insurance rules.

As stated on the CD Rates page, the Early Withdrawal Penalty reads as follows:

>1 year to 3 years – 180 days interest

Thanks to DA reader, jtkirk, for having spotted an advertisement for this deal in the Dallas Morning News and posting his find in the Forum.


Headquartered in Houston, Green Bank’s primary market area includes the Austin, Dallas, and Houston metropolitan area, but through the acquisition of SharePlus Bank, has expanded into the Louisville, Kentucky market.

While Green Bank’s GO! Accounts can be opened online, opening the 29-month CD Special requires a visit to any of the 23 Texas branches located in Addison, Austin, Cleveland, Dallas (3), Friendswood, Honey Grove, Houston (9), Kingwood, Mesquite, Plano (2), Richardson, and Shenandoah. The Louisville branch is housed in the YUM! Brands Headquarters.

Bank Overview

Green Bank (FDIC Certificate # 35007) has an overall health grade of "B+" at, with a Texas ratio of 23.37% (average) based on March 31, 2016 data. In the past year, Green Bank has increased its total deposits by $1.13 billion, an excellent annual growth rate of 58.31%. Please refer to our financial overview of Green Bank for more details.

Privately-held Green Bank’s roots can be traced back to Houston’s Redstone Bank, which the Green Bancorp Inc. acquired in 2006. The name was changed to Green Bank in 2007, as the Bank began its expansion. From 2010 to 2015, Green Bank acquired five Texas banks, including the Dallas-based SharePlus Bank. Green Bank is currently the 14th largest bank in Texas, with assets in excess of $3.8 billion.

According to a BizJournals May 2014 article,

SharePlus, founded in 1958, had been the corporate credit union for Frito-Lay, PepsiCo Inc.
(NYSE: PEP) and Yum! Brands Inc. (NYSE: YUM) before converting to a mutual federal savings bank
in 2004, SharePlus President and CEO Jeff Weaver told HBJ. The bank went public in 2010 and then converted to a state-chartered commercial bank in December 2013. Because it had been a corporate credit union, SharePlus has a unique bank-at-work concept that was also attractive to Green Bank.

How the CD Compares

When compared to the 470 similar length-of-term CDs tracked by that require a similar minimum deposit and are available in Texas, Green Bank's 29-month CD Special APY currently ranks second.

The above rates are accurate as of 7/18/2016.

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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