The MINT National Bank (TX) Offers Competitive Long-Term CDs

POSTED ON BY

Deal Summary: CDs – 36-month (2.90% APY), 48-month (2.95% APY), 60-month (3.00% APY), $1k minimum deposit.

Availability: Market area is the greater Houston metropolitan area.

The MINT National Bank (The MINT) has been offering the same APYs on its long-term CDs for many months. In the current climate of slumping rates, The MINT’s CDs have become competitive by just maintaining their rates. A $1k minimum deposit is required to open, with no stated balance cap. (While The MINT’s Rates page lists tiered deposit levels, the CD APYs are the same for all deposit levels.)

All of The MINT's CDs are offered as IRAs (Traditional), earning the same APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for any of these CD is 12 months of interest on the amount withdrawal.

Availability

Headquartered in Kingwood, Texas (10 miles north of Houston), The MINT National Bank’s market area is the greater Houston metropolitan area, although any Texas resident who can come into the bank is “welcome to apply for an account,” according to CSR.

Opening a CD at The MINT must be done in person at the Kingwood branch. While there are three other branches in Houston, Spring, and Sugar Land, these are actually loan servicing centers.

The MINT’s online platform is currently limited to account management and bill payment services.

Bank Overview

The MINT National Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 9.80% based on March 31, 2019 data. In the past year, the Bank has increased its total non-brokered deposits by $29.96 million, an excellent annual growth rate of 19.63%. Please refer to our financial overview of The MINT National Bank (FDIC Certificate # 58764) for more details.

The MINT National Bank is a young bank, having opened its doors in January 2009; it’s also the last bank in the Houston area to have opened since 2009. Having only one branch might seem limiting, but according to a Houston Business Journal October 2017 article, it allows,

the bank to invest in itself and its customers rather than spend money on stand-alone branches in a time when banks are rethinking their traditional brick-and-mortar strategy.

Although The MINT is currently the 229th largest bank in Texas with assets of just $219+ million, it is the 143rd largest U.S. Small Business Association loan originator (based on July 2019 data). So far this year, the MINT has originated more than $34.4 million in loans.

How the CDs Compare

When compared to 268 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the Bank’s market area, The MINT National Bank's 36-month CD APY currently ranks third.

When compared to 221 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the Bank’s market area, The MINT National Bank's 48-month CD APY currently ranks third.

When compared to 233 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the Bank’s market area, The MINT National Bank's 60-month CD APY currently ranks fifth.

The above rates are accurate as of 8/14/2019.

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

Related Pages: Houston CD rates, 5-year CD rates

Comments
Duckworth
Duckworth   |     |   Comment #1
Lock in whatever you can.....Rates will be 0% or negative within months.
#2 - This comment has been removed for violating our comment policy.
222
222   |     |   Comment #3
You jinxed it. The very next day their rates dropped, like the bottom fell out. But was great while it lasted. Keep up the great work Ken.
The MINT National Bank (TX) Ups 13-Month Promo CD
Deal Summary: 13-month Promotional CD (2.30% APY), $1k minimum deposit

Availability: Market area is the greater Houston metropolitan area.

Over the weekend, The MINT National Bank (The MINT) raised the rate on its 13-month Promotional CD to 2.30% APY. A $1k minimum deposit is required to open, with no stated balance cap.

The 13-month Promotional CD was added to the product line in late September 2017, with an initial APY of 1.35%. In the past eight months, a total of 95 bps were added...

Continue Reading
The MINT National Bank (TX) Ups 13-Month Promo CD
Deal Summary: 13-month Promotional CD (1.90% APY), $1k minimum deposit

Availability: Market area is the greater Houston metropolitan area.

The MINT National Bank (The MINT) is currently offering 1.90% APY on its 13-month Promotional CD. A $1k minimum deposit is required to open; there is no stated balance cap.

The 13-month Promotional CD was added to the product line in late September, with an initial APY of 1.35%. Last week’s 55 bps increase was the CD’s first rate change.

According to CSR, the Early...

Continue Reading
Competitive Long-Term CD Rates at The MINT National Bank in Texas - Local Only

The MINT National Bank is offering some competitive mid-term and long-term CD rates. The highest rate is 2.10% APY for the 5-year CD. Other competitive ones include a 1.80% APY 4-year CD and a 1.50% APY 3-year CD. Minimum deposit is $1,000 for both regular and IRA CDs. These rates and a description of the CD features are listed in the bank's rates page as of 6/18/2012. Unfortunately, this page doesn't provide any details about early withdrawal penalties. It only says "substantial penalty for early withdrawal".

It appears that a branch...

Continue Reading
Top 1-Year & 2-Year CD Rates at The MINT National Bank in Texas - Local Only

The MINT National Bank is offering two good CD deals: a 1.50% APY 1-year CD and a 1.70% APY 2-year CD. Minimum deposit is $2,500. The longer terms are not quite as good deals. These include a 1.80% APY for 30 months and 1.90% APY for 3 years. These CDs are also available in an IRA. The rates are listed in the bank's rates page as of 2/8/2011.

As compared to internet banks on 2/8/2011, the best 1-year CD rate is 1.35% APY at CNB Bank Direct, and the best...

Continue Reading
2.10% 12-Month CD & 2.50% 24-Month CD at The Mint National Bank in Texas - Local Only
The Mint National Bank is offering some competitive CD and savings account rates. The two most competitive CD rates are the 2.10% APY 12-month CD and the 2.50% APY 24-month CD. Minimum deposit is $1,000. These same rates are also available in an IRA. The bank's savings account has tiered rates with the top rate of 2.10% APY for balances of at least $50,000. The rate is also competitive for balances of $10,000 to $50,000 with a 1.85% APY. These rates are listed at the bank's rates page as of...
Continue Reading


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.