At Frost Bank, there are great ways to put your certificate deposit and your money to good use. Frost Bank is also committed to helping customers prepare for important life events, support their kids in their education goals, and help them make progress with their money.

Frost Bank’s Best Rates

Frost Bank’s best rate comes with their 24-month plan which has a 0.20% APY. They also have 12-month terms, 180-day terms, and 90-day terms with APYs of 0.13%, 0.11%, and 0.04% respectively.

All of the accounts have a minimum $1,000 deposit with a maximum balance of $99,999.99.


Anyone can open up a CD account at the nearest Frost Financial Center. Accounts cannot be opened online. You can also ask any questions or express any concerns over the phone before going to the branch closest to you.

Branches in Texas

San Antonio, Austin, Corpus Christi, Fort Worth, Houston, as well as the Permian Basin and Rio Grande Valley Regions

Bank Overview

Frost Bank is Texas chartered and based in San Antonio. It has full-service branches throughout Texas but with the largest number of locations in San Antonio.

In the major cities of Texas, Frost Bank has 134 branches and 1,300 automated teller machines. It currently has 4,270 employees and assets valued at about $31.747 billion.

Frost Bank was founded by T.C. Frost in 1868. It was first a mercantile store where Frost provided local Texas people with supplies and other materials, they needed to make a living. It received trust powers in 1919 from the Federal Reserve Board. Despite the Great Depression, it still thrived and helped provide financial tools to people despite over 5,000 banks being shut down.

In 1963 it opened its first motor bank and in 1977 it merged with Cullen Bankers which was based in Houston.

In the 1980s, there was a devasting Texas banking collapse. The oil crisis also started and the real estate market crashed, but Frost Bank lived on.

As of 2000, they introduced comprehensive online banking to better serve their customers and allow instant access to all their banking needs. Since then, they have doubled their ATM network to over 1200 machines. They have also launched an app for both iPhone and Android devices that many other banks have followed. Their debit card and fraud alert systems are also considered top of the industry.

They are well-known around the community for supporting nonprofits. They help many local teams in the sectors of education, economic development, health, human services, and the arts.

All employees at every branch are encouraged to volunteer to help the state’s most vulnerable. They mentor people at schools and universities, care for the elderly, and participate as board members for nonprofits.

As part of their commitment to helping students, they provide yearly scholarships to those who academically qualify.

They also actively take part in the Community Reinvestment Act. This allows the community to explore how Frost Bank is adequately addressing and meeting the credit needs of the entire community.