The Best Certificate of Deposit Rates
Looking to give your savings a nice push in a positive direction? All it takes is the best CD Account rates & a little bit of time.
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Best Rate Guarantee
We will match AND beat any competitor's rate up to 10 points (0.10%)!1
With our Best Rate Guarantee, CUTX has the best CD rates in DFW and East Texas. To earn the most interest when opening a new CD, simply bring us a competitor rate (print or digital) higher than ours, and we'll not only match that rate but also increase it by 10 points.
Fast Forward CD
With a minimum deposit of $1,000, get 5.25% APY 2 (Annual Percentage Yield) for 12 months.
Instead of waiting to enjoy your investment, fast forward to the good part and get your return as soon as you open your account.
Regular CD Rates by Term and Deposit Amount
With a minimum deposit of $1,000, get 5.50% Annual Percentage Yield (APY) for 6 months*
Rates are accurate as of November 2, 2023 and are subject to change.
Fast Forward CD by Term and Deposit Amount
Skip to the good part and get your interest up front!2
No Penalty CD by Term and Deposit Amount
Invest without the risk! With this innovative account type, you can earn more in a shorter amount of time. Plus, there are no penalties for early withdrawal.3
CD accounts are term deposits that run as risk free investments
Get a personalized Texas CD account consultation.
What is a CD Account?
Save for six months. Save for a few years. Whatever time period you choose, certificates of deposit are a safe path to exceptional returns.
- Credit Union of Texas CD terms range from 6 to 60 months
- Start saving with a minimum opening deposit of $1,000. See Truth in Savings for details.
- Certificates earn more than most high interest savings accounts in Texas
- Our CD terms are tiered to hold the best bank or credit union CD rates
Questions? We can help.
Monday - Friday 9AM - 6PM
and Saturday 10AM - 2PM CST
Interested in opening a Texas CD? Give us a call.
972-263-9497
Credit Union of Texas CD Benefits Include
Safe And Sound
Unlike many investments, a Credit Union of Texas CD carries no risk. All deposits are insured by the National Credit Union Administration.
Tiered CD Rates
Our rate structure is designed so that different term deposits & balances have a chance to earn higher returns. We keep the best CD rates in Texas.
Easy Rollover
When a CD reaches its maturity date, it renews automatically. If you want to withdraw the funds, you have seven days to do so without penalty.
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CD Interest Rate CalculatorGeneral Certificate of Deposit FAQs
How do I open a Certificate of Deposit?
Just make an appointment to 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.
Is there a minimum amount I have to put in?
The minimum investment for our Regular CD and the Fast Forward CD is $1,000. For more information about deposits, view the Truth in Savings.
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.
Will I be penalized for taking my money out early?
Yes, there's a penalty for withdrawing your principal before the CD matures. And the earlier you withdraw, the larger the penalty. There only exceptions are death or disability of the holder.
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.
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.
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
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We have several locations in DFW and East Texas. Come see us!
1. This offer is valid for regular CDs for any term between 6 to 60 months, and No Penalty CDs for 12 months. You will need to present proof of current rate or advertisement (print or digital) featuring a CD annual percentage yield from another financial institution within North or East Texas, within our service area. We will match and beat that rate by 10 basis points (0.10%) at the Credit Union’s discretion. For regular CDs, interest is compounded daily and paid monthly. The minimum opening deposit is $1,000 for a regular CD and the rate is fixed. A penalty may be imposed for early withdrawals. Fees could reduce earnings. For No Penalty CDs, 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. The minimum opening deposit is $25,000 for the No Penalty CD and the rate is fixed. Please refer to the Truth-in-Savings Disclosure/Fee Schedule for additional details. The Certificate of Deposit will renew automatically unless instructed by the depositor. Current CUTX members with an active CD that are within 30 days of their maturity date are eligible for this offer. You will also be required to present proof of an advertisement (print or digital) featuring a CD annual percentage yield from another financial institution within North or East Texas, within our service area. New members must meet membership and age requirements. Federally insured by NCUA.
2. APY (Annual Percentage Yield) assumes interest remains on deposit until maturity. Minimum opening deposit is $1,000. The interest rate on a Certificate of Deposit is fixed. The dividend/interest period will begin on the first calendar of the period and end on the last day of the period. Interest will be credited real time at funding and deposited into your choice of account (checking/savings). A penalty may be imposed for early withdrawals. The penalty will be assessed against the principal due to the upfront payment of the interest. Certificates of deposit renew automatically unless instructed by the depositor. Fees could reduce earning. Advertised CD rates are subject to change at any time and are not guaranteed until the CD is opened. Some expectations may apply. A copy of the Truth in Savings Disclosure will be provided to you before you open your account or is available at any time upon request from a teller. Must meet membership and age requirements. Federally insured by NCUA.
3. 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.
*APY Annual Percentage Yield assumes interest remains on deposit until maturity and effective for the dates shown above, unless otherwise noted. A penalty may be imposed for early withdrawals. The interest rate on a Certificate of Deposit is fixed. Certificates of deposit renew automatically unless instructed by the depositor. Fees could reduce earnings. Interest is compounded daily and the interest is paid at maturity. CD rates are subject to change at any time and are not guaranteed until the CD is opened. Some exceptions may apply. A copy of the Truth in Savings Disclosure will be provided to you before you open your account or is available at any time upon request from a teller. Must meet membership and age requirements.