Save with Certificates of Deposit

Your savings plan should include Certificates of Deposit, where your money is more accessible than in an investment or retirement account, but earns more than a savings account. CUTX CDs and Individual Retirement Account CDs have competitive rates and offer maturity dates from 6 months to 5 years.

CD Rates by Term and Deposit Amount

The Annual Percentage Yields (APYs) are accurate as of July 31, 2020 and are subject to change.

Please select your min balance

$1,000 - $9,999.99 $10,000 - $24,999.99 $25,000 - $49,999.99 $50,000 - $98,999.99 $99,000 +
Interest Rate APY* Interest Rate APY* Interest Rate APY* Interest Rate APY* Interest Rate APY*
6 Month .57 .57 .57 .57 .57 .57 .57 .57 .57 .57
12 Month .70 .70 .70 .70 .70 .70 .70 .70 .70 .70
18 Month .72 .72 .72 .72 .72 .72 .72 .72 .72 .72
24 Month .85 .85 .85 .85 .85 .85 .85 .85 .85 .85
36 Month .95 .95 .95 .95 .95 .95 .95 .95 .95 .95
48 Month 1.04 1.05 1.04 1.05 1.04 1.05 1.04 1.05 1.04 1.05
60 Month 1.19 1.20 1.19 1.20 1.19 1.20 1.19 1.20 1.19 1.20
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FAQs - CDs

The main reason to purchase CDs in addition to savings accounts is CDs have much higher interest rates. The longer the maturity period, the higher the interest rates go. That’s your reward for letting the market use your money for a longer period of time.

You need to come in to a branch location where 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.

Educational IRA CDs begin at $500. All other CDs and IRA CDs at Credit Union of Texas require an initial deposit of $1,000. The more you deposit in the CD, and the longer until the maturity period, the more interest you will earn. Check out all of the interest rate and deposit tiers in the rate table above.

Interest is compounded and credited to your CD balance every month. When your CD matures, you can decide whether to roll the full amount into a new CD or to withdraw some or all of the funds.

There is a penalty for withdrawing your principal before the maturation date except in cases of death or disability of the holder, or upon reaching the age of 59.5 for IRAs. The earlier you withdraw, the larger the penalty.

Your CD will renew automatically. But you have a grace period of seven (7) calendar days following the renewal to request to withdraw your money with no penalty.

No, once you have opened the CD you may not make further deposits in that CD.

*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.