R Bank (TX) Offers 15-Month Bump Rate CD Statewide

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Deal Summary: 15-month R Option CD, 5.60% APY, $1k min/$1.5m maximum opening deposit, one rate increase during the term.

Availability: All Texas residents

R Bank recently expanded its product line with two R Option CDs. The 15-month R Option CD offers the more competitive rate (5.60% APY), while the 30-month R Option CD earns an unremarkable 3.82% APY. The “R Option” refers to potential rate bumps. According to the R Option CD Specials landing page,

At your discretion, you may change the interest rate on the account one (1) time during the term of the 15-Month R Option and two (2) times during the term of the 30-Month R Option Certificate of Deposit. To change your interest rate, you will need to visit one of our branches or notify us in writing.

Both R Option CDs are available statewide and can be opened with a $1k minimum deposit, with a $1.5 million deposit cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.50%$1k$1.5mR Bank30 Month R Option CD
3.00%$1k$1.5mR Bank15 Month R Option CD
Rates as of July 5, 2025.

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

If you withdraw any of the principal before the maturity date, we may impose a penalty of interest on the amount withdrawn.

  • 15 Month R Option CD – Early Withdrawal Penalty [of] 12 months (30 days per month) interest on the amount withdrawn.
  • 30 Month R Option CD – Early Withdrawal Penalty [of] 18 months (30 days per month) interest on the amount withdrawn.

Availability and Account Opening

Headquartered in Round Rock, Texas, R Bank’s primary brick-and-mortar market area is the greater Austin metropolitan area, but the R Option CDs are offered to all U.S. citizens and resident aliens who live in Texas and have a valid Social Security number, Tax ID number, or Business EIN.

Opening a R Option CD can be done online, or at any of ten Texas branches located in Bertram, Cedar Park, Edna, Fort Worth, Georgetown, Jarrell, Rollingwood, Round Rock (2), and Schwertner.

Funding and Other Particulars

The following information is from a conversation with CSR.

  • Funding – ACH*, wire, internal transfer.
  • Ownership – Individual or joint if opening online; accounts open in the name of a trust can only be done in-branch.
  • Interest – Compounded/credited quarterly and cannot be withdrawn without penalty.
  • Maturing Funds – ACH, wire, cashier’s check or internal transfer to an R Bank savings/checking account.
  • Grace Period – 10 calendar days before automatic renewal as a 12-month CD.
  • Beneficiaries – Unlimited, percentages can be assigned, Social Security numbers required.
  • Credit Check – Soft pull.

*According to CSR and the online application,

the maximum external transfer limit [for new CDs] is $10,000. Should you want to open a CD above that limit, please contact your local banking center for an appointment.

Bank Overview

R Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.30% (excellent) based on June 30, 2023 data. In the past year, R Bank has increased its total non-brokered deposits by $8.34 million, an above average annual growth rate of 0.99%. Please refer to our financial overview of R Bank (FDIC Certificate # 58935) for more details.

Established in 2009, R Bank is currently the 89th largest bank headquartered in Texas, with assets in excess of $981 million and nearly 14,000 customer accounts. R Bank’s founders were a group of experienced business people and banks who sought to combine high tech with personal customer relationships. The emphasis on a personal touch figured into choosing a name for the new bank:

The businessmen and bankers who started the bank wanted to have a name that reflected the fact that R Bank was created for our community, our customers, our employees, our shareholders and our bankers. We wanted a short distinctive name that would accomplish the goals of this group and be easily recognizable. We substituted the letter "R" for the word "our" and the name was born.

How the 15-Month R Option CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide and have minimum deposit requirements of $10k or less, two banks and two credit unions have higher rates than currently offered on the R Bank 15-Month R Option CD. (While not possessing a rate-leading APY, the rate bump option increases the intrinsic value of the 15-Month R Option CD.) The following table compares the 15-Month R Option CD to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 10/24/2023.

To look 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, Waco CD rates, Austin CD rates, 1-year CD rates, 5-year CD rates



R Bank (TX) Offers Competitive 9-Month CD Special Statewide
Deal Summary: 9-month CD Special, 4.65% APY, $1k minimum opening deposit.

Availability: Texas

R Bank recently added a competitive 9-month CD Special to its product line. Available statewide, the 9-month CD Special currently earns 4.65% APY. The minimum opening deposit is $1k, with no stated balance cap.

As stated in the CD Account Agreement and Disclosure, the Early Withdrawal Penalty reads as follows:

Funding and Other Particulars

The following information is from a conversation with CSR.

  • Funding – ACH*, wire, internal transfer.
  • Interest – Compounded/credited quarterly...
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Availability: Texas.

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The monthly requirements include:

  • 12 check card purchases
  • 1 direct deposit or ACH automatic payment
  • Receive e-statements

Additional features of the...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.