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Texas Capital Bank CD Rates

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Texas Capital Bank 30-Day CD
0.10% APY

Headquartered in Dallas, Texas, Texas Capital currently operates several branch locations in Dallas, Austin, Fort Worth, Houston and San Antonio. Though the bank primarily caters to Texas-based businesses, it also provides personal banking services. In addition, it offers a variety of certificate of deposit (CD) terms that come without service fees. Another perk that Texas Capital CDs offer is fixed interest rates. This means that once you open a CD, your rate will be locked in until your certificate reaches maturity. Finally, its CD account features include no service fees and penalties for early withdrawals.

If you’re also looking for more convenient banking options, Texas Capital offers online and mobile banking features. Both the bank’s online and mobile features allow you to fulfill a wide range of banking actions, including accessing your accounts, making payments, depositing checks and transferring funds.

Texas Capital Personal Certificates

When you open a CD with Texas Capital, you’ll be able to choose a term anywhere between 30 days and 60 months. However, you won’t see much of a difference in savings growth between its shorter and longer-term CDs. This is largely because its rates remain the same for all terms after the 90-day mark. 

Therefore, you may want to consider other financial institutions with best CD rates if you’re looking for more growth in a shorter period of time. Finally, in addition to its standard rates, Texas Capital also offers Premier rates. While these rates completely resemble the standard rates, they’re for users who’ve reached $25,000 in combined deposits. 

Personal CD Minimum Deposit Standard APY Premier APY  
30 Day $1,000  0.10%  0.10% Compare CD Rates
90 Day $1,000  0.25%  0.10% Compare CD Rates
180 Day $1,000  0.50%  0.50% Compare CD Rates
12 Month $1,000  0.75%  1.00% Compare CD Rates
18 Month $1,000  0.90%  1.50% Compare CD Rates

 

Personal CD Minimum Deposit Standard APY Premier APY  
24 Month $1,000  1.00%  1.55% Compare CD Rates
30 Month $1,000  0.25%  0.25% Compare CD Rates
36 Month $1,000  1.10%  1.60% Compare CD Rates
48 Month $1,000  1.15%  1.65% Compare CD Rates
60 Month $1,000  1.35%  1.70% Compare CD Rates

30-Day CD Interest Rate Comparison

Overview of Texas Capital CDs

Whether you’re opening a certificate with standard or Premier rates, longer CD terms won’t necessarily generate greater return. Texas Capital’s CD rates increase after the 90-day term mark, but they remain stagnant throughout the remaining term options. 

Interest is compounded daily, but this doesn’t significantly increase your return. This is mainly because the bank doesn’t offer high-yield rates. For instance, the highest APY you’ll be able to earn at is 0.25%. 

As with most financial institutions, you’ll be charged if you make an early withdrawal from your CD. You’ll only be able to contribute to your account at its initial date of opening. Following this, you’ll have to wait until the CD reaches its maturity date to fulfill any other actions.

How Much You Earn With Texas Capital Certificate of Deposits Over Time

We’ve already established that your interest accrues and compounds daily, but this won’t produce as much money as other higher-yield options will over time. Because Texas Capital offers significantly lower interest rates, you won’t earn such a robust return. Your interest will build upon itself every day, ultimately enhancing your savings growth rate. However, the end result may not be as far from the beginning as you’d hoped.

Initial Deposit  180-Day CD  12-Month CD 60-Month CD
$1,000 $1,001 $1,003 $1,013
$2,500 $2,503 $2,506 $2,531
$5,000 $5,006 $5,013 $5,063
$10,000 $10,013 $10,025 $10,126

Compare Texas Capital Bank to Other Competitive Offers

How Texas Capital CDs Rates Compare to Other Banks’

Another bank with similar interest rates is Citibank. Though Citibank’s six-month rate falls lower than Texas Capital’s, it grows significantly larger as the CD term lengths increase. While the two banks both offer noticeably lower rates, you’ll pay a smaller minimum deposit with Citibank and your money will grow at a faster rate. Finally, you should also consider that Citibank charges a minimum deposit that’s $500 lower than Texas Capital’s.

When it comes to online-only banks, another interest rate competitor is Ally Bank. Ally allows you to grow your wealth by offering three different variations of CDs. These include its fixed-rate CDs, its No-Penalty CDs and Raise Your Rate CDs. Additionally, Ally CD accounts don’t charge monthly service fees and also don’t require minimum deposits. For a fixed-rate, six-month CD, you’ll earn at 1.00% APY, while you’ll earn at 2.50% APY for a five-year term. 

CD Account Texas Capital Citibank Ally Bank Bank of America 
 6 Month  0.50%  0.07%  1.00%  0.03%
 1 Year   0.75%  0.25%  2.10%  0.05%
 3 Year   1.10%  0.70%  2.50%  0.55%
 5 Year  1.35%  0.80%  2.50%  1.00%

Should You Get a Texas Capital CD Account?

Overall, if you aren’t already a member with Texas Capital and you’re looking for high-earning interest rates, you can more competitive rates elsewhere. Its minimum deposit requirement is relatively high, and its interest rates don’t really change much per CD term length. However, interest is compounded daily, and you’ll have a variety of term lengths from which to choose. 

It’s important to keep these things in mind when determining where to invest in a CD account. If you’re looking for higher interest rates and lower deposits, you can find other options.

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