T Bank 13-Month CD Special Is A Rate Leader


Deal Summary: 13-month CD Special, 5.50% APY, $1k minimum opening deposit.

Availability: Nationwide through online application.

I wrote about Texas-based T Bank’s 13-month CD Special in early January. With a competitive 5.65% APY, the 13-month CD Special made its debut in the January 17th CD Deals Summary near the top of the nationally available 1-Year CD category. The 5.65% APY lasted well into February before dropping to 5.25% APY and subsequently being removed from the CD Deals Summary. T-Bank has just added 25 bps to the 13-month CD Special, and the new 5.50% APY is currently the highest rate offered on a nationally available 1-year CD. The 13-month CD Special requires a $1k minimum opening deposit, with no stated balance cap.

5.50%$1k-T Bank13 Month CD Special
Rates as of March 4, 2024.

Early Withdrawal Penalty

According to CSR, a 13-month CD Special can only be closed early; no partial withdrawals are allowed. The Early Withdrawal Penalty is 90 days of interest on the total balance. If a 13-month CD Special is closed within 90 days of account opening, the principal will be reduced.

Availability and Account Opening

Headquartered in Dallas, Texas, T Bank offers its product line and services to U.S. citizens (18 years or older) who have a valid Social Security number and a U.S. physical mailing address through an online application.

The 13-month CD Special can be opened online or at the sole branch location on Dallas Parkway in Dallas.

In a February 17, 2024 Review of T Bank, DA reader, Novodka11, stated,

Happy With CD And Rates

Opened a CD a few weeks ago, very happy with decision. Excellent website platform very detailed. So much so that I am in the process of opening up another one!!

Funding and Other Particulars

The following information was obtained from the T Bank website and a conversation with CSR.

  • Funding – ACH, wire, check, internal transfer.
  • Ownership* – Individual or joint.
  • Interest – Compounded daily and credited monthly; earned interest can be withdrawn without penalty.
  • Maturing Funds – Wire or cashier’s check to address on file.
  • Grace Period – 10 calendar days before automatic renewal as a 12-month CD.
  • Beneficiaries – Unlimited (after CD is opened), percentages can be assigned; Social Security numbers required for all beneficiaries.
  • Credit Check – ChexSystems.

*The Let’s Get Startedpage states,

The ownership types available for online accounts are Single-Party Account without Payable on Death Designation (Individual) or Multiple-Party Account with Right of Survivorship (Joint).

If you need to add beneficiaries to your account, call (972) 720-9000 M –F 8:00 am – 5:00 pm CT or email [email protected].

Bank Overview

T Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.00% (excellent, and not a typo) based on September 30, 2023 data. In the past year, T Bank has increased its total non-brokered deposits by $20.43 million, an excellent annual growth rate of 4.67%. Please refer to our financial overview of T Bank (FDIC Certificate # 57703) for more details.

Established in 2004, T Bank is currently the 134th largest bank headquartered in Texas, with assets in excess of $622 million and more than 4,300 customer accounts. A self-described “community bank,” T Bank’s parent company is Houston-based Tectonic Financial, “a financial holding company that offers several intertwined verticals: banking, trust, investment advisory, securities brokerage and insurance services to small businesses, 401k/defined benefit plans, institutions and high net worth individuals in all 50 states.”

How the 13-Month CD Special Compare

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationally and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the T Bank 13-month CD Special. The following table compares the 13-month CD to the four highest-rate similar length-of-term CDs from banks/credit unions with nationwide market areas.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
5.50%13-Month CD Special (EWP=90 days)T Bank
5.40%12-Month CD (EWP=90 days)Bask Bank
5.40%12-Month CD (EWP=90 days)Alliant Credit Union
5.40%12-Month CD Special (EWP=180 days)Expedition Credit Union
5.40%11-Month Online CD (EWP=180 days)ConnectOne Bank

The above information and rates are accurate as of 3/2/2024.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Dallas CD rates, 1-year CD rates, nationwide deals


T Bank Competitive 13-Month CD Special Available Nationwide
Deal Summary: 13-month CD Special, 5.65% APY, $1k minimum opening deposit.

Availability: Nationwide through online application.

Texas-based T Bank is currently offering a competitive 5.65% APY on its nationally available13-month CD Special. The minimum opening deposit is $1k, with no stated balance cap. The 13-month CD Special offers the highest rate in the T Bank CD product line by far and is also the most competitive rate.

Early Withdrawal Penalty

According to CSR, the Early Withdrawal Penalty is...

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5.50% 12-Month CD at a Texas Bank (T Bank)
T Bank has some competitive rates on its CDs with terms of one year and longer. The highest yield is 5.50% APY for the 12-month certificate. CDs with terms of 2, 3 and 4 years have a yield of 5.10% APY, and the 5-year CD has as yield of 5.25% APY. These same rates are also available for IRA certificates and Business CDs.

Accounts can be opened online. According to the customer service rep, it's available to people from any state. After you fill out the application, you'll need to fax...

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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.