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Savings Options
Texas Bank offers a wide variety of savings accounts to fit any plan.
Savings Account
- 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.
- Interest rates are variable and subject to change.
Money Market Fund Account (Tiered Account)
- A minimum initial deposit of $2500.00 is
required.
- 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.
- Interest rates are variable and subject to change.
- Interest earned varies depending on daily account balance.
Transaction Limitations
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.
Certificates of Deposit
Texas Bank offers a wide range of Certificates of Deposit (CDs) from 7 day to 5 year CDs. Plus we offer 30 day to 5 year Jumbo CDs. We also have 12 month to 5 year IRA CDs.
For current rates or more information, contact us at 325-949-3721 or 1-800-700-9603 or email us: info1@txbank.com
Regarding interest-earning accounts, interest begins to accrue the business day we receive credit for the deposit of noncash items (for example, checks). We reserve the right to require seven days advance notice to withdraw or transfer funds from any interest-earning account. We currently do not exercise this right and have not exercised it in the past.
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