Guaranteed Returns
From Day 1, you'll have a clear understanding of your earnings by securing your rate.
Grow Your Money Safely
Whatever you’re saving for, a CD is a low-risk, high-yield investment that offers savings certainty.
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Maximize your hard-earned money with a Certificate of Deposit account with TFNB.
With a CD, enjoy the flexibility to choose your term, with options extending up to 5 years, all with a guaranteed fixed rate.
- Minimum Balance may be required. No monthly fees
- Superior customer service from local decision makers
- Backed by the Reliability of TFNB Your Bank for Life
See How Your Money Can Grow With Our CD Calculator
Get StartedInvest, Then Rest Easy
Accruing Daily, Deposited Monthly
Your interest accumulates on a daily basis and is transferred into your account every month until the term reaches its end.
Member FDIC
Every depositor is guaranteed insurance up to a minimum of $250,000.
How Much Can You Earn?
A Bank That’s Invested in You
At TFNB Your Bank for Life, you’re more than just an account number. When you bank with us, you get to meet with the decision makers who want to know you personally. If you’re looking for an alternative to one-size-fits-all banking, choose the local bank Central Texans have counted on for over 130 years.
Contact UsGrow Steady With No Market Fluctuations
Commonly referred to as a CD, a certificate of deposit offers a safe, low-risk method to allocate a portion of your savings — and earn interest on it — for a predefined duration.
And because your CD account isn’t affected by market conditions, you’ll keep a steady rate of ROI (return on investment) rolling in.
Contact UsFrequently Asked Questions
Most frequent questions and answers.
What is a Certificate of Deposit (CD)?
A Certificate of Deposit (CD) is a type of time deposit offered by banks to investors. It typically has a fixed term, often monthly, three months, six months, or one to five years, and a fixed interest rate. The idea is that the CD be held until maturity, at which time the money is withdrawn together with the accrued interest.
How Do CDs Work?
When you open a CD, you agree to deposit a set amount of money for a specified period, and at a fixed rate. In return, the bank commits to paying you the interest on that money throughout the term of the account. The interest rate is usually higher than that of a savings account because banks are more confident they’ll have your money for a set period of time.
Can I Withdraw Money from a CD Before It Matures?
Yes, you can withdraw money from a CD before it matures, but you’ll likely face an early withdrawal penalty. The penalty can eat into the interest you’ve earned and potentially some of the principal.
What Happens When a CD Matures?
At the end of the CD term (when it matures), you have a short period during which you can withdraw your money without penalty. If you don’t need the funds, we will “roll over” the CD into a new one with a similar term. It’s important to note that the interest rate on the new CD may be different.
What Are the Advantages of a CD?
CDs typically offer higher interest rates than traditional savings accounts and are considered a safe form of investment as they are federally insured for up to $250,000. They are a good option for people looking to save money for a specific time frame and can also be part of a larger investment or savings strategy.