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CDs & IRAs

We provide our members with a better strategy for managing their assets. Prepare for retirement with an Individual Retirement Account (IRA) at Texans. Each account has different advantages – tax-deferred or tax-free growth. CDs will have higher dividends and fixed rates.

Certificates of Deposit (CDs)

This convenient savings option allows you to earn higher interest at a guaranteed, fixed rate. That means the longer you save, the better your rate. With a Texans CD, enjoy:

  • Flexible terms from 3 months to 60 months
  • Interest paid monthly
  • Automatic renewal
  • $1,000 minimum deposit to open


Certificate Rates

Account Term Interest Rate APY^
3 Months (Not available for IRA or CESA) 0.50% 0.50%
6 Months (Not available for CESA) 0.75% 0.75%
12 Months 3.75% 3.82%
18 Months 3.50% 3.56%
24 Months 3.00% 3.04%
36 Months 2.00% 2.02%
48 Months 2.00% 2.02%
60 Months 2.00% 2.02%

Traditional IRA – Tax-Deferred

Contributions1 toward your retirement may be tax deductible2, and your earnings are tax-deferred until withdrawal.This means you only pay taxes on your retirement savings when you withdraw money from your account.4

Roth IRA – Tax-Free Growth

Roth IRAs differ from traditional IRAs because you make contributions6 with money you’ve already paid taxes on. This means your earnings can grow tax-free.2,4,5

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^ APY (Annual Percentage Yield). APY is accurate as of 12/6/2022. Requires minimum opening deposit is $1,000. 3.82% APY is valid for 12-month certificates of deposit only. Certificate rates are dependent on the term selected and may change at any time without prior notice. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest on your account will be compounded and credited on a monthly basis. For Certificate of Deposits, you will be paid the rate disclosed for the entire term of the Certificate. Certificates will renew automatically and have a grace period of ten (10) calendar days after the maturity date to withdraw funds. Early withdrawal penalties may apply to Certificates of Deposit and could reduce earnings on the account.

1 Amount of contribution that is tax deductible may be limited. Ask a Texans representative for details.

2 Consult a tax advisor

3 Mandatory withdrawals begin at age 72

4 Withdrawals may be subject to service charge and/or tax penalty. Some exceptions apply. Consult a Texans representative for qualified withdrawal requirements.

5 Principal contributions may be withdrawn without penalty after required time period.

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