One World Bank (TX) Adds Rate-Leading 180-Day CD

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Deal Summary: CDs – 365-day (5.95% APY) and 180-day (5.95% APY), $1k minimum deposit.

Availability: Dallas-Fort Worth and Houston metropolitan areas.

According to the One World Bank (OWB) home page, “The leaves may be falling, but the wind has kicked up our rates.” For a limited time, OWB is offering 5.95% APY on the 180-day CD and 365-day CD. The minimum opening deposit is $1k, with no stated balance cap. The OWB Rates page lists both term lengths as Jumbo CDs ($100k minimum), but the APYs are the same 5.95%.

APYMINMAXINSTITUTIONPRODUCTDETAILS
5.20%$1k-One World Bank180 Day CD
5.20%$100k-One World Bank180 Days Jumbo CD
5.15%$1k-One World Bank365 Day CD
5.15%$100k-One World Bank365 Days Jumbo CD
Rates as of April 23, 2024.

While the 365-day CD is available as an IRA CD (Traditional, Roth) earning 5.95% APY ($1k minimum), the 180-day CD is not.

Early Withdrawal Penalty

CSR stated that the Early Withdrawal Penalty (EWP) for the 365-CD is 3 months of interest and 2 months of interest for the 180-day CD. According to CSR, an OWB CD can only be closed early; partial withdrawals are not permitted. The EWP applies to the entire balance, so the principal could be reduced if a closure occurs within the first 2-3 months of account opening.

Availability and Account Opening

Headquartered in Dallas, Texas, One World Bank’s market area includes the greater Dallas-Fort Worth metropolitan area and the greater Houston metropolitan area.

Opening a CD (or any other type of account) with One World Bank must be done in-branch at any of three full-service Texas branches located in Aubrey (north of Dallas), Dallas (Asian Trade District), and Houston (Chinatown).

Funding and Other Details

The OWB website is light on documentation, with no Truth-in-Savings disclosure available. The following information is from a conversation with CSR.

  • Funding – ACH, wire, check, or internal transfer.
  • Ownership – Individual, joint, or trust.
  • Interest – Compounded/credited monthly and can be transferred by ACH to another financial institution.
  • Maturing Funds – Cashier’s check to address on file.
  • Beneficiaries – Unlimited with equal shares, Social Security number and DOB required.
  • Grace Period – 7 calendar days.
  • Credit Check – ChexSystems.

Bank Overview

One World Bank has an overall health grade of "A+ at DepositAccounts.com, with a Texas Ratio of 0.79% (excellent) based on June 30, 2023 data. In the past year, OWB has increased its total non-brokered deposits by $13.23 million, an excellent annual growth rate of 9.9%. Please refer to our financial overview of One World Bank (FDIC Certificate # 57901) for more details.

One World Bank opened its doors for business in 2005. Although some may find the “One World Bank” name ominous (think globalists trying to create a one-world government), OWB is actually a small bank – 259th largest bank headquartered in Texas, with assets in excess of $188 million in assets and 1,750 customer accounts. According to a June 2022 article in Indo American News,

HOUSTON: Over a hundred people attended a luncheon reception held by One World Bank at its branch location in Chinatown this past Wednesday, June 15 to celebrate an important milestone in the bank’s history.

The bank has been ranked 19th in the nation and 3rd in Texas out of 4015 community banks with under $3bn in assets, according to the prestigious S&P Global Market & intelligence survey for 2021. S&P Global is a world-leading provider of financial information services.

How the 180-Day CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the market area, have fixed rates, and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the One World Bank 180-day CD. The following table compares the 365-day to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

How the 365-Day CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the market area, have fixed rates, and have minimum deposit requirements of $10k or less, one credit union has a higher rate than currently offered on the One World Bank 365-day CD. The following table compares the 365-day to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 11/14/2023.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Houston CD rates, Dallas CD rates, 1-year CD rates, IRA CD rates

Comments
2.15% Money Market Promo with Rate Guaranteed to 3/31/10 at One World Bank in Dallas - Local Only
One World Bank is advertising a money market account promotion with a 2.15% APY guaranteed to 3/31/2010. Minimum opening deposit is $10,000, and the maximum is $250,000. Account must be opened with new money by 12/31/09. This promo doesn't seem to be listed at the bank's website. It was advertised in today's edition of the Dallas Morning News (12/22/09). The ad is available online here.

I can't find any details on the bank's website about the money market account. It's likely that the rates won't be competitive when the promo period...

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5.55% 9-Month CD at a Dallas Bank (One World)
One World Bank is offering a 5.55% APY 9-month certificate of deposit. The minimum deposit is $10,000. It requires a checking account with a minimum opening deposit of $1,000. They do offer a free checking account.

This bank had been offering this same rate on a jumbo CD with a $100K minimum last week. They must have decided to reduce the minimum. They're also advertising this in the Dallas Morning News. The ad is available online here.

It's a small one-branch bank located in Dallas, Texas. It's FDIC insured (FDIC Certificate #...



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