Certificates of Deposit

finanial management iconFinancial Planning

Steady rates without the worry of market swings for those big dreams…

Whether you're investing in your retirement, a new home, that big vacation, or to just build up your long-term savings, compare our Certificates of Deposit (CDs)1 to find the right fit to meet your needs.


The time to save is now! With a CD, you can grow your money faster than with a traditional savings account and without the risk of the stock market.

How to Open a CD with Texas Bay

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Become a Member
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Choose Your CD
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Transfer Money
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Sit Back and Watch it Grow!


Compare CDs

Flex Certificates

Save more with flexibility!

Features:
  • Rates up to 3.97% APY1
  • Term:  12 months
  • Minimum to Open:  $100
  • Transaction Limits:  Penalty for early withdrawals
  • Interest:  Dividends paid monthly2
  • Monthly Maintenance Fee:  None
  • Automatically renewing
Why a Flex CD?
  • You can add money at any time, so you're not locked in with just the initial deposit.
  • Lower initial deposit than a traditional CD

Regular Certificates

Earn more than traditional savings accounts!

Features:
  • Rates up to 3.97% APY1
  • Terms:  6-60 months
  • Minimum to Open:  $1,000
  • Transaction Limits: Penalty for early withdrawals
  • Interest:  Dividends paid monthly2
  • Monthly Maintenance Fee:  None
  • Automatically renewing
Why a Regular CD?
  • Choose your own term from 6 months to 60 months.
  • Save for a milestone like a down payment on a home, a dream vacation, or paying for a wedding.
  • Less risk than other investments

Jumbo Certificates

Larger deposits means higher rates!

Features:
  • Rates up to 4.28% APY1
  • Terms:  6-60 months
  • Minimum to Open:  $50,000
  • Transaction Limits:  Penalty for early withdrawals
  • Interest:  Dividends paid monthly2
  • Monthly Maintenance Fee:  None
  • Automatically renewing
Why a Jumbo CD?
  • Choose your own term from 6 months to 60 months.
  • Higher rates than regular CDs.
  • Less risk than other investments.

IRA Certificates

Save for retirement.

Features:
  • Rates up to 4.28% APY1
  • Terms:  6-60 months
  • Minimum to Open:  $1,000
  • Transaction Limits:  Penalty for early withdrawals
  • Interest:  Dividends paid monthly2
  • Monthly Maintenance Fee:  None
  • Automatically renewing
Why an IRA CD?
  • Guaranteed locked-in rate.
  • Less risk than the stock market or other typical retirement accounts

Callable Certificates

For those who want higher rates.

Features:
  • Rates up to 4.18% APY1
  • Terms:  24 or 60 months
  • Minimum to Open:  $50,000
  • Transaction Limits:  Penalty for early withdrawals
  • Interest:  Dividends are paid monthly2
  • Monthly Maintenance Fee:  None
  • Automatically renewing
  • Can be called before the maturity date at the discretion of Texas Bay3
Why a Callable CD?
  • Higher rate than Regular Certificates.
  • Less risk than other investments.













FAQs

  • Q:  What is a Certificate of Deposit?
    A:  A savings product that earns interest/dividends on a lump sum for a fixed period of time. The money must remain untouched for the entirety of the term or risk penalty fees or loss of interest/dividends.
  • Q:  Do CDs carry risk?
    A:  While it's understandable to wonder whether any investment can or will lose money, CDs represent a safe option for savings due to federal insurance of up to $250,000. At Texas Bay, we offer additional insurance up to another $250,000, for a total of up to $500,000.
  • Q:  What happens to a  CD if the Stock Market crashes?
    A:  Putting your money in a CD doesn't involve putting your money in the stock market. Instead, it's in a financial institution. So, in the event of a market crash, your CD account will not be impacted or lose value.
  • Q:  How much money should I put into a CD?
    A:  The specific amount you put into a CD depends on your personal finances. The best way to decide how much money to put into a CD is to figure out how much cash you can afford to part with for an extended amount of time. 
  • Q:  What is a "term", and when will my CD mature?
    A: The term is the length of time of an investment. Texas Bay's CDs range in term length from 6 months to 60 months. Your Certificate of Deposit will mature at the end of your selected fixed term. For example, if you choose a 8-month term, it would mature at the end of those 8 months, or a 60-month term would mature in 60 months.
  • Q:  What can you do with your CD once it matures?
    A:  You have three options when your CD matures:
    • Let the CD auto renew. It will roll into the same term at the current rate.
    • Roll your CD into a new CD with a different term and rate.
    • Withdraw your ending balance.

      Refer to  your original CD Agreement for additional terms & conditions.
  • Q:  Can I cash in a  CD before it matures?
    A:  It is not recommended, but yes, you can withdraw your deposit before the maturity date. If you do, you will incur an early withdrawal penalty.
  • Q:  Is there a penalty for an early withdrawal on an IRA Certificate?
    A:  Yes. f funds are being withdrawn from an IRA Certificate, penalties will be charged and IRS taxes may apply.
  • Q:  Can a CD have joint owners?
    A:  Yes. Certificates can have joint owners as long as all of the joint owners are members of Texas Bay.

Want to know more? We have a couple of related blog posts:

How to Choose the Right CD Term for You

Certificates of Deposit (CDs) are a popular savings tool for investors looking to balance risk and reward. Offering higher interest rates than regular savings accounts, CDs provide a safe way to grow your money. However, choosing the proper term, or maturity date, requires understanding your financial goals, risk tolerance, and cash flow needs.

READ THE ARTICLE

CDs in Texas

As a Texas resident, you have several options when it comes to investing your money. One of the most popular is investing in CDs. There are numerous misconceptions about Certificate of Deposits (CD), and here at Texas Bay, we want to help you understand them better.

READ THE ARTICLE


Disclosures:
1 APY= Annual Percentage Yield. APY accurate as of May 1, 2025. Minimum opening deposit of $1,000. Rates subject to change without notice. Fees could reduce earnings. Early withdrawal penalties apply to all certificate accounts.

2 Dividends are paid monthly. All accounts must remain open through the end of the dividend period or the maturity date to be paid the accrued dividends.
3CALLABLE CERTIFICATE OF DEPOSIT - We may redeem this account, at our option, at any time. These accounts may be subject to redemption, or called, on a specified date or dates prior to the maturity date, at our sole discretion. If the account is called, you will be paid the outstanding principal amount and dividends accrued or accredited up to, but not including, the call date. The first callable date is 90 days from the issue date and may be called every 6 months thereafter. Minimum balance to to earn advertised rate is $50,000 for 24 months.

 

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