Texas Exchange Bank CD Rates
Texas Exchange Bank offers savings, loans, cards, mortgages, checking accounts, wire transfers, certificates of deposit, and online banking services.
They are more traditional with their way of banking and don’t have any customer service reps available virtually. If you need help with something, your best bet would be to go into the bank itself. However, they are committed to helping their community in every way they can and putting their needs first.
Their commitment to services is evident from the hostile CD rates range. The detailed explanatory horizon is depicted below;
Texas Exchange Bank CD Rates Offers
The considerable offers to check out at Texas Exchange Bank are;
90-Day CD
- Minimum to Open: $1,000
- Interest Rate: 4.166%
- APY: 4.246%
Considerations:
- Short-term commitment with quick access to funds after 90 days.
- Higher interest rates compared to standard savings accounts.
- Suitable for those looking for a short-term investment option.
Pros & Cons
| Pros | Cons |
| Quick access to funds after 90 days | Short-term, limited investment horizon |
180-Day CD
- Minimum to Open: $1,000
- Interest Rate: 4.155%
- APY: 4.235%
Considerations:
- Slightly longer commitment than a 90-day CD.
- Offers a higher interest rate for a still relatively short-term investment.
- Consider if you can afford to lock in your funds for a slightly extended period.
Pros & Cons
| Pros | Cons |
| Higher interest rates for a short-term commitment | Slightly longer lock-in period than 90-day CD |
12-Month CD
- Minimum to Open: $10,000
- Interest Rate: 3.891%
- APY: 3.961%
Considerations:
- Higher minimum deposit requirement.
- 12-month commitment with competitive interest rates.
- Ideal for those seeking a balance between returns and liquidity.
Pros & Cons
| Pros | Cons |
| Competitive interest rates | Higher minimum deposit requirement |
| Balances returns with liquidity | One-year commitment may be too long for some |
18-Month CD
- Minimum to Open: $10,000
- Interest Rate: 3.248%
- APY: 3.296%
Considerations:
- A mid-term option with a moderate interest rate.
- Requires a higher minimum deposit but provides a longer investment horizon.
- Suitable for those comfortable with a bit more commitment.
Pros & Cons
| Pros | Cons |
| Suitable for those comfortable with mid-term investments | Early |
24-Month CD
- Minimum to Open: $10,000
- Interest Rate: 3.156%
- APY: 3.202%
Considerations:
- Long-term commitment with a competitive interest rate.
- Requires a higher minimum deposit.
- Offers a balance between a reasonable interest rate and a longer investment period.
Pros & Cons
| Pros | Cons |
| Balanced returns with an extended investment horizon | Longer lock-in period may limit liquidity |
How do Texas Exchange Bank CD Rates Compare?
While comparing the CD rates offered by Texas Exchange Bank with the rates of other financial institutes, like Pelican State Credit Union and United States Senate Federal Credit Union, it appears that Texas Exchange Bank rates are relatively considerable by investors.
However, the rates presented by Pelican State Credit Union and United States Senate Federal Credit Union for 2-year, 3-year, 4-year, and 5-year CDs are 5.27%, 5.23%, 4.81%, and 4.86% APY, respectively.
Overview Texas Exchange Bank
Texas Exchange Bank was established in 1970 and has over $1 billion in assets. The headquarters are located in Crowley, Texas, one of two cities with a Texas Exchange Bank in it.
The Fort Worth location was opened in November of 2010. Despite only two locations, Texas Exchange Bank has over 20 employees.
Texas Exchange employees are there to provide financial advice and friendly service no matter who you are.
Texas Exchange Bank touts their employees as their greatest asset, who are experts in what they do. Employees of Texas Exchange Bank are so committed to helping their community that they participate in dozens of social and civic activities to show the community their support.
You must be a member of Texas Exchange to open a CD. This means that you will need to open a checking or savings account. You can do this in person by going in to fill out paperwork. Be sure you have all the necessary information you need beforehand so you’ll be ready.
Availability
You must be a member of Texas Exchange to open a CD. This means that you will need to open a checking or savings account. You can do this in person by going in to fill out paperwork. Be sure you have all the necessary information you need beforehand so you’ll be ready.
Locations Texas Exchange Bank
Branches in Texas
The branches in Texas are:
Crowley, and Fort Worth.
Frequently Asked Questions
Texas Exchange Bank offers CDs with various terms, including 90 days, 180 days, 12 months, 18 months, 24 months, 30 months, 36 months, 48 months, and 60 months.
The interest rate for a 12-month term CD at Texas Exchange Bank is 3.891%, with an Annual Percentage Yield (APY) of 3.961%.
The minimum deposit required for Texas Exchange Bank CDs is $10,000 for new money.
Yes, Texas Exchange Bank offers competitive rates for its CDs, allowing customers to earn a good return on their investments. Their CD products are designed for both short-term and long-term investing.
Yes, CD rates at Texas Exchange Bank are subject to change. The rates are updated periodically and can fluctuate based on market conditions