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 Texas Bank offers a wide
variety of savings accounts to fit any plan.
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Savings Account
Money Market Fund Accounts
Certificates of Deposit
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At our discretion, we
may change the interest rate on your account. Interest will be
compounded and credited to your account every month, except for Savings
Accounts (see above). This method applies a daily periodic rate to the
principal in the account each day.
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Accrual of Interest
of Noncash Deposits —
Interest begins to
accrue no later than the business day we receive credit for the deposit
of noncash items (for example, checks). We may require not less than 7
days notice in writing for each withdrawal from an interest-bearing
account other than at time of deposit.
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Savings Account
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- A minimum initial deposit of $100.00 is
required.
- A service charge of $5.00 will be
imposed every statement cycle if the balance falls below $100.00 on any
day of the cycle.
- A per item fee of $1.00 will be charged
for each debit transaction (withdrawal, check paid, automatic transfer
or payment out of this account) in excess of six during the quarter.
- Interest will be compounded and credited
to your account every quarter.
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Money
Market Fund Accounts
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Money Market Account (Tiered Account)
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- A minimum initial deposit of $2500.00 is
required.
- Interest earned varies depending on
daily account balance.*
- If your account balance falls below
$2500.00, you will earn the Savings rate.
- A per item fee
of $1.00 will be charged for each debit transaction (withdrawal, check
paid, automatic transfer or payment out of this account) in excess of
six during the statement cycle.
*See a new accounts representative for tier and rate information.
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Transaction Limitations
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Transfers from any Money Market Fund Account
to another account or to third parties by pre-authorized, automatic, or
telephone transfers are limited to six per statement cycle with no more
than three by check, draft, or similar order to third parties, additional
withdrawals are $1.00 per item.
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Certificates of Deposit
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Texas Bank offers a
wide range of Certificates of Deposit from 7 to 31 day
Certificates of Deposit to 5 year Certificates of Deposit. Plus
we offer 30 to 90 day Jumbo to 5 year Jumbo CDs. We also
have 12 month IRA Certificates of Deposit to 5 year IRA
Certificates of Deposit.
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