Make Summer Sweeter with CDs | R Bank Texas

Make Summer Sweeter with CDs

CERTIFICATE OF DEPOSITS
Rate Information: This Account is an interest-bearing account. Current interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit (CD). Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited quarterly. We will deposit the interest into your account unless you designate otherwise. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.
Time Account Information: This account will automatically renew. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.
Early Withdrawal Penalty
If you withdraw any of the principal before the maturity date, we may impose a penalty of interest on the amount withdrawn.
  • 12 Month CD Early Withdrawal Penalty 90 days of Interest
  • 18 and 24 Month CD’s Early Withdrawal Penalty 180 days of Interest
JUMBO CERTIFICATE OF DEPOSITS
Rate Information: This Account is an interest-bearing account. Current interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit (CD). Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited quarterly. We will deposit the interest into your account unless you designate otherwise. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $100,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $100,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.
Time Account Information: This account will automatically renew. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.
Early Withdrawal Penalty
If you withdraw any of the principal before the maturity date, we may impose a penalty of interest on the amount withdrawn.
  • 12 Month CD Early Withdrawal Penalty 90 days of Interest
  • 18 and 24 Month CD’s Early Withdrawal Penalty 180 days of Interest

12 Month Certificate of Deposit

1.01% APY
Minimum opening deposit: $1,000
Minimum balance to obtain APY: $1,000

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18 Month Certificate of Deposit

1.32% APY
Minimum opening deposit: $1,000
Minimum balance to obtain APY: $1,000

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24 Month Certificate of Deposit

1.21% APY
Minimum opening deposit: $1,000
Minimum balance to obtain APY: $1,000

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12 Month Jumbo Certificate of Deposit

1.01% APY
Minimum opening deposit: $100,000
Minimum balance to obtain APY: $100,000

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18 Month Jumbo Certificate of Deposit

1.32% APY
Minimum opening deposit: $100,000
Minimum balance to obtain APY: $100,000

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24 Month Jumbo Certificate of Deposit

1.21% APY
Minimum opening deposit: $100,000
Minimum balance to obtain APY: $100,000

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Rate Sheet


APY is Annual Percentage Yield