2.02% 12-Month CD & 2.53% 24-Month CD at Park Cities Bank in Dallas/Fort Worth - Local Only

POSTED ON BY

Park Cities Bank is offering some competitive CD rates. The following are listed in the bank's rates table as of 2/21/2010:

  • 2.02% APY 12-month CD
  • 2.53% APY 24-month CD with a one-time bump-up option
  • 2.79% APY 36-month CD with a two-time bump-up option

These are also available in an IRA. Minimum deposit is $1,000. The bank's Bump-Up CD section describes the details of this bump-up option. The usefulness of a bump-up feature depends on the bank maintaining competitive rates on those CDs in the future. If they don't, the bump-up feature may not be useful. Nevertheless, the rates are competitive even without the bump-up option.

It appears a branch visit is required to open an account. Branches are located in Dallas and Fort Worth, Texas.

The bank's ratings for safety and soundness are a little mixed: 3½ stars (good) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 2000 (FDIC Certificate # 57057).

Comments
Anonymous
Anonymous   |     |   Comment #1
Also, they allow unlimited additions of at least $1000 to the 36 month CD.  I opened one of these Feb 20 at one of their branches with no problems.
3.20% 24-Month CD at Park Cities Bank - Dallas Area Only
Update 4/25/09: The CD rates have fallen. Please check the bank's website for the latest rates.

Park Cities Bank is offering some attractive rates on its CDs. These include a 3.20% APY 2-year CD, a 2.85% APY 1-year CD and a 2.50% APY 6-month CD. These rates are listed at the bank's rate sheet as of 3/23/09. Minimum deposit is $1,000. The rates are also available for an IRA CD.

The bank is advertising a 3.00% APY for a 12-month CD with a minimum deposit of $10,000 and a maximum of...



Continue Reading
4.25% 9-Month CD at Park Cities Bank in Dallas
Park Cities Bank is offering some attractive rates on its short-term CDs. The most competitive is the 9-month CD with an APY of 4.25% APY. The other ones include a 4% APY 6-month CD and a 4.10% APY 12-month CD. These rates are listed at the bank's rate sheet as of 11/27/08. Minimum deposit is $1,000. The rates are also available for an IRA CD.

The bank also has a competitive money market account with an APY of 3.57% APY for balances of $5K to $100K and 3.82% APY for balances...

Continue Reading
5.55% 12-Month CD at a Texas Bank (Park Cities)
Park Cities Bank is advertising a 5.55% APY 12-month certificate of deposit. The special is not listed at the bank's website. It was advertised in Wednesday's Dallas Morning News. The ad is available online here.

The bank has four branches in Dallas and Fort Worth. Note, the ad specifically mentions the Lovers Lane branch. The bank has been FDIC insured since 2000.

Continue Reading