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Closed for Christmas Eve and Christmas Day

 

All of our branches and offices will be closed on Saturday, Dec. 24th, 2022 for Christmas Eve & Monday, Dec. 26th, 2022 for Christmas Day. We will reopen for business on Tuesday, Dec. 27th, 2022 9:00 AM.

 

More Information

CDs & IRAs

We provide our members with a better strategy for managing their assets. Prepare for retirement with an Individual Retirement Account (IRA) at Texans. Each account has different advantages – tax-deferred or tax-free growth. CDs will have higher dividends and fixed rates.

Certificates of Deposit (CDs)

This convenient savings option allows you to earn higher interest at a guaranteed, fixed rate. That means the longer you save, the better your rate. With a Texans CD, enjoy:

  • Flexible terms from 3 months to 60 months
  • Interest paid monthly
  • Automatic renewal7
  • $1,000 minimum deposit to open

 

Certificate Rates

Account Term Interest Rate APY¹
3 Months (Not available for IRA or CESA) 0.50% 0.50% APY¹
6 Months (Not available for CESA) 0.75% 0.75% APY¹
12 Months 4.00% 4.07% APY¹
18 Months 4.01% 4.09% APY¹
24 Months 4.02% 4.10% APY¹
36 Months 4.03% 4.11% APY¹
48 Months 4.04% 4.12% APY¹
60 Months 4.05% 4.13% APY¹

Traditional IRA – Tax-Deferred

Contributions1 toward your retirement may be tax deductible2, and your earnings are tax-deferred until withdrawal.This means you only pay taxes on your retirement savings when you withdraw money from your account.4

Roth IRA – Tax-Free Growth

Roth IRAs differ from traditional IRAs because you make contributions6 with money you’ve already paid taxes on. This means your earnings can grow tax-free.2,4,5

Talk to the Specialist

972.348.2000

Meet the Specialist

Find Your Closest Branch

^ APY (Annual Percentage Yield). APY is accurate as of 11/4/2022. Requires minimum opening depo sit is $1,000. 4.13% APY is valid for 60-month certificates of deposit only. Certificate rates are dependent on the term selected and may change at any time without prior notice. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest on your account will be compounded and credited on a monthly basis. For Certificate of Deposits, you will be paid the rate disclosed for the entire term of the Certificate. Certificates will renew automatically and have a grace period of ten (10) calendar days after the maturity date to withdraw funds. Early withdrawal penalties may apply to Certificates of Deposit and could reduce earnings on the account.

1 Amount of contribution that is tax deductible may be limited. Ask a Texans representative for details.

2 Consult a tax advisor

3 Mandatory withdrawals begin at age 72

4 Withdrawals may be subject to service charge and/or tax penalty. Some exceptions apply. Consult a Texans representative for qualified withdrawal requirements.

5 Principal contributions may be withdrawn without penalty after required time period.

6 Amount of contributions are limited. Consult a tax advisor.

7.There is a 10 calendar-day grace period after maturity to withdraw funds from a CD without penalty. APY - Annual Percentage Yield. APY for certificates is accurate as of 10/03/2022. These rates may change at any time without prior notice. Interest is compounded monthly in order to receive full APY. For Certificate of Deposits, you will be paid the rate disclosed for the entire term of the Certificate. Certificates will renew automatically and have a grace period of ten (10) calendar days after the maturity date to withdraw funds. Early withdrawal penalties may apply to Certificates of Deposit and could reduce earnings on the account.

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