Business Certificates of Deposit
Partnering with CUTX empowers your business’ financial growth through customized CD solutions designed to maximize returns, protect your capital, and align with your short- and long-term financial goals.
Open a Business
Certificate of Deposit
with CUTX!
Maximize your business funds with a CUTX Business CD — a secure, reliable investment option designed to deliver higher returns.
Ideal for businesses with funds that aren’t needed for immediate use, a Business CD allows you to invest for a fixed term while earning a competitive, guaranteed interest rate.
Build a CD Ladder
Enhance liquidity and returns by creating a CD ladder—investing in multiple CDs with staggered maturity dates.
This strategy allows your business to access funds at regular intervals while earning higher interest rates.
Maximize Earnings with a Business Checking Link
Link your CUTX Business CD to a qualifying CUTX Business Checking account to earn higher relationship rates.
Eligible accounts include: CUTX Business Checking1
Boost Your Business Savings with a CD Account
Whether you're setting funds aside for six months or a few years, a Certificate of Deposit (CD) is a secure, reliable way to grow your business capital. Choose the term that fits your financial strategy and put your money to work with confidence.
Learn more about our Business CD options:
- CD Terms: Credit Union of Texas CD terms range from 6 to 24 months
- Minimum opening deposit: $10,000
- Interest Calculation: Interest is calculated using the daily balance method and compounded daily
- Early Withdrawal Penalties:
- Less than 12-month term: 25% plus 1% of the amount withdrawn
- 12 months or more: 25% plus 3% of the amount withdrawn
- Withdrawals within 7 days of opening or prior withdrawal: Penalty cannot be less that 7 days' interest
- Maturity options: Upon maturity, you can choose to withdraw your funds, add more, or roll over into a new CD
- Boost savings: Certificates earn more than most high interest savings accounts in Texas
Enjoy Exclusive Benefits of Credit Union of Texas Business CDs
Fixed Interest Rates
Benefit from predictable returns with a fixed interest rate guaranteed for the entire term of your deposit.
Flexible Terms
Select from a range of term lengths designed to align with your business’s financial goals.
Higher Returns
Higher interest rates are generally available with longer terms and larger deposits.
Secured
A Credit Union of Texas CD carries no risk. All deposits are insured by the NCUA.
No Monthly Service Fees
CUTX Business CDs have no monthly service fees, helping you maximize every dollar you earn.
Easy Rollover
CDs renew automatically at maturity, with a seven-day window for penalty-free withdrawals.
Get a personalized Texas CD account consultation.
Questions? We can help.
Monday - Friday 9AM - 6PM and Saturday 10AM - 2PM CST
Interested in opening a Texas CD? Give us a call.
(214) 818-3231
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General Business Certificates of Deposit FAQs
How do I open a Certificate of Deposit?
Just make an appointment or visit your nearest Credit Union of Texas location. Our account specialists will help you choose which kind of CD you want to open and when you want your CD to mature. Then you fund your CD.
Can I add more money once I have opened the CD?
No. Once you have opened the CD you can't make additional deposits into it. You can open additional Certificate of Depost accounts with a savings strategy called CD Laddering. This can allow you to continually take advantage of the best CD rates in Dallas and the highest CD rates in Texas.
What is CD Laddering?
CD laddering is a smart savings strategy that helps business owners balance higher returns with regular access to funds. It involves dividing your investment across multiple Certificates of Deposit (CDs) with different maturity dates — for example, 6 months, 12 months, 18 months, and 24 months.
As each CD matures, you can either reinvest it into a new, longer-term CD to maintain your ladder or use the funds to support your business needs. This approach ensures that a portion of your savings becomes available at regular intervals while potentially earning better rates than a traditional savings account.
For business owners, CD laddering can help manage cash flow, plan for future expenses, and grow idle funds safely and strategically.
Can a CD have multiple owners?
Yes! A Certificate of Deposit (CD) can have multiple owners. This is especially helpful for business partners or co-owners who want shared access to funds in a secure, interest-earning account. All owners typically have equal rights to manage the CD, so it’s a smart option for businesses that need joint access to savings or reserves.
It’s important to carefully consider ownership roles and responsibilities, since all listed owners typically must agree on account actions or may have equal claim to funds. Always review account agreements and ownership structures to align with your business’s financial strategy and operational needs.
What happens when my CD matures?
Your CD will renew automatically, and you have a grace period of seven calendar days after renewal to withdraw your money without penalty.
How do I receive my CD interest?
It's all automatic. Interest is compounded every month. When your CD matures, you can roll the full amount into a new CD or withdraw some or all of the funds.
Why CUTX?
The stuff, loan team and customer service were very helpful throughout my car loan process. Credit Union of Texas was able to offer me the best rate available for my vehicle. I would highly recommended CUTX to all of my friends and family.
Abebe A.
Great folks to work with and great rates! We saved a ton on our auto loans! Thanks, CUTX!
Russell V.
I’ve been a member for almost 30 years, I can’t imagine banking anywhere else. You’re more than another account at CUTX, you’re a member, you’re a family.
Elsa H
We're Here To Help
Visit your local branch
We have several locations in DFW and East Texas. Come see us!
Talk to a team member
Need to speak with someone directly? We have options for that.
(214) 818-3231
1. The business checking account must share a common business owner with the CD account.
Note: You may withdraw all your money including dividend earned, without any penalties, any time after the first six (6) days following the date you funded your account. View the Truth in Savings document to see the penalties for early withdrawal and additional information.