PlainsCapital Bank (TX) Adds Three Short-Term CD Specials

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Deal Summary: CD Specials: 19-month CD (1.51% APY), 13-month (1.26% APY), and 10-month (1.00% APY); $1k minimum deposit.

Availability: Market area covers most of Texas’ major cities.

Last month, PlainsCapital Bank introduced three CD Specials: 10-month (1.00% APY), 13-month (1.26% APY), and 19-month CD (1.51% APY). The minimum opening deposit is $1k, with no stated balance cap. Of the three, the 19-month CD Special is the most competitive.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.51%$1k-PlainsCapital Bank19 Month CD Special
1.26%$1k$5mPlainsCapital Bank13 Month CD Special
1.00%$1k-PlainsCapital Bank10 Month CD Special
Accounts mentioned in this post. Rates as of May 27, 2017.

As stated in the Consumer Disclosure Brochure, the Early Withdrawal Penalty reads as follows:

For Time Deposit accounts with a maturity date of eight (8) days to three hundred sixty-four (364) days, thirty (30) days interest on the amount withdrawn.
For Time Deposit accounts three hundred sixty-five (365) days and over, ninety (90) days interest on the amount withdrawn.

Availability

Headquartered in Dallas, PlainsCapital Bank’s market area includes most of the major cities in Texas.

Opening a CD Special must be done in person at any of 66 Texas branches located throughout the state in the following areas: Alice (1), Austin (6), Brownsville (4), Corpus Christi (4), Dallas-Fort Worth (20), Eagle Pass (1), El Paso (1), Harlingen (1), Houston (2), Laredo (2), Lubbock (10), McAllen (8), San Antonio (4), San Padre Island (1), and The Woodlands (1).

PlainsCapital Bank’s online banking platform is currently limited to account management and bill payment services, including Apple Pay.

Bank Overview

PlainsCapital Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 3.10% (excellent) as of December 31, 2016. In the past year, the Bank has increased its total non-brokered deposits by $222.38 million, an excellent annual growth rate of 3.51%. Please refer to our financial overview of PlainsCapitalBank (FDIC Certificate # 17491) for more details.

PlainsCapital Bank was founded in 1988, following the acquisition of the Plains National Bank by a group of Lubbock bankers, whose goal was “bringing relationship banking to their hometown.” The newly acquired Plains National Bank was a one-branch institution with $198 million in assets. In the past 23 years, The Bank has gone through four name changes and acquired four Texas banks. With assets in excess of $9.5 billion, PlainsCapital Bank is currently the seventh largest bank in Texas and the 122nd largest bank in the nation.

How the CD Special Compares

When compared to the 355 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to within the Bank’s market area, PlainsCapital Bank’s 19-month CD Special APY currently ranks second.

Interest RateCD Length of TermBank/Credit Union
1.60% APY15-Month Share Certificate SpecialNASA Federal Credit Union
1.51% APY19-Month CD SpecialPlainsCapital Bank
1.50% APY20-Month Share Certificate SpecialBayer Heritage Federal Credit Union

The above rates are accurate as of 5/12/2017.

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.

Related Pages: 1-year CD rates

Comments
$150 Checking Account Bonus at PlainsCapital Bank - Texas Only
PlainsCapital Bank is offering up to $150 for opening a checking account with direct deposit. The bonus is listed in the bank's special offers page. Account must be opened by 2/19/2010. Some of the important details listed in the small print include:
  • To qualify for the $50 bonus, you must open a new PlainsCapital Bank Free Checking Account by Feb. 19, 2010, with a minimum deposit of $50 in new funds
  • To qualify for the $100 bonus, you must set up direct deposit into the new account within 60 days of account...

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