Synergy Bank SSB (TX) Introduces Competitive Rate 10-Month CD Special


Availability: Market area is North and Central Texas.

Earlier this month, Synergy Bank, SSB (Synergy Bank) added a new 10-month CD Special (1.20% APY) to its product line.

The minimum opening deposit is $5K of new money, with no maximum balance cap.

According to CSR, the Early Withdrawal Penalty is three months interest, whether earned or not.


Headquartered in McKinney, Synergy Bank considers itself to be a "Texas community bank," even though it's located in the Dallas-Fort Worth Metroplex (population of nearly seven million), with an advertised market area of North and Central Texas.

Opening the 10-month CD Special requires an in-person visit to any of five branches located in Denton, Fort Worth, Garland, McKinney, and Waco. Synergy Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Synergy Bank SSB has an overall health rating of "B+" at, with a Texas Ratio of 28.08% (average), as of March 31, 2015 data. Synergy Bank has an excellent capitalization level of 14.96%, a result of holding $123.16 Million in assets, with $18.43 Million in equity. Please refer to our financial overview of Synergy Bank SSB for more details.

Established in 1998, Synergy Bank SSB (FDIC Certificate # 34669) is owned by Premier Bancshares, Inc., and is regulated by the Texas Department of Savings and Mortgage Lending, as well as the FDIC. Although the Bank’s market area covers a large and highly population section of Texas, Synergy Bank portrays itself as a community bank.

We believe that banking service should be delivered to each one our customers with the same personal attention we would give our close friends.

How the CD Compares

When compared to other similar length of term CDs tracked by, requiring a similar minimum deposit and available to Texas residents, Synergy Bank SSB’s 10-month CD Special currently heads the list.

The above rates are accurate as of 6/17/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

pearlbrown   |     |   Comment #1
Ken, the minimum deposit is $5k, as you state in the body of your post, and is confirmed by the bank's website.  However, the summary iinformation in your post states that the minimum deposit is $10K. 
4.42% 15-Month CD at Synergy Bank in Texas
Synergy Bank is offering a very competitive 15-month CD special with a yield of 4.42% APY. Minimum deposit is $1,000. There's also a 27-month CD special, but it has a much less competitive yield of 3.96% APY. These specials are listed in the bank's rate table as of 11/19/08.

It appears that a branch visit is required to open an account. Branches are located in the Texas cities of Waco, McKinney, Garland and Denton.

Synergy Bank's financial ratings for soundness are fair: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at...

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