cds

CD Early Withdrawal Survey: Dallas

CD Rates » CD Penalty Chart » Dallas

Bankrate.com's 2015 CD Early Withdrawal Penalty Survey collected data in Dallas and other cities for 5 of the most common CD maturities being sold today. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity using the survey data we collected in October of this year.

Compare Dallas CD rates

Dallas

TermInstitutionMinimum depositYieldPenalty for early withdrawalReduction in principal if accrued and unpaid interest is less than the penalty?Grace period on automatically renewable CDsAre early withdrawal penalties the same for retirement CDs?
3-monthAffiliated Bank$1,0000.25%90 days' interest on the amount withdrawnYes10 daysNot offered
3-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysNot offered
3-monthBBVA Compass$5000.05%$25, plus 1% of amount withdrawnYes10 daysYes
3-monthBeal Bank$1,0000.31%Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire termYes10 daysNot offered
3-monthChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
3-monthColonial Savings$1,0000.2%90 days' interest on amount withdrawnYes10 daysNot offered
3-monthNexBank$10,0000.15%1 month of interestYes10 daysNot offered
3-monthTexas Capital Bank$1,0000.2%30 days' interest on the amount withdrawnYes10 daysYes
3-monthTriumph Savings Bank$1,0000.35%1 month of interestYes10 daysYes
3-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
6-monthAffiliated Bank$1,0000.25%90 days' interest on the amount withdrawnYes10 daysNot offered
6-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysYes
6-monthBBVA Compass$5000.1%$25, plus 1% of amount withdrawnYes10 daysYes
6-monthBeal Bank$1,0000.51%Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire termYes10 daysNot offered
6-monthChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
6-monthColonial Savings$1,0000.3%90 days' interest on amount withdrawnYes10 daysYes
6-monthNexBank$10,0000.65%1 month of interestYes10 daysNot offered
6-monthTexas Capital Bank$1,0000.25%90 days' interestYes10 daysYes
6-monthTriumph Savings Bank$1,0000.85%1 month of interestYes10 daysYes
6-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
1-yearAffiliated Bank$1,0000.35%90 days' interest on the amount withdrawnYes10 daysNo
1-yearBank of America$1,0000.05%180 days' interest on the amount withdrawnYes7 daysYes
1-yearBBVA Compass$5000.1%$25, plus 1% of amount withdrawnYes10 daysYes
1-yearBeal Bank$1,0000.66%Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire termYes10 daysYes
1-yearChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
1-yearColonial Savings$1,0000.4%90 days' interest on amount withdrawnYes10 daysYes
1-yearNexBank$10,0001.1%6 months' interestYes10 daysNot offered
1-yearTexas Capital Bank$1,0000.25%6 months' interest on the amount withdrawnYes10 daysYes
1-yearTriumph Savings Bank$1,0001.25%3 months' interestYes10 daysYes
1-yearWells Fargo Bank$2,5000.05%3 months' interest, minimum $25Yes7 daysYes
2-yearAffiliated Bank$1,0000.5%90 days' interest on the amount withdrawnYes10 daysNo
2-yearBank of America$1,0000.1%180 days' interest on the amount withdrawnYes7 daysYes
2-yearBBVA Compass$5000.3%$25, plus 1% of amount withdrawnYes10 daysYes
2-yearBeal Bank$1,0000.81%Greater of 1% of the amount withdrawn or replacement cost of amount withdrawnYes10 daysYes
2-yearChase Bank$1,0000.05%2% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
2-yearNexBank$10,0001.35%6 months' interestYes10 daysNot offered
2-yearTexas Capital Bank$1,0000.25%15 months' interest on the amount withdrawnYes10 daysYes
2-yearTriumph Savings Bank$1,0001.35%6 months' interestYes10 daysYes
2-yearWells Fargo Bank$2,5000.15%6 months' interest, minimum $25Yes7 daysYes
5-yearBank of America$1,0000.15%365 days' interest on the amount withdrawnYes7 daysYes
5-yearBBVA Compass$5000.5%$25, plus 1% of amount withdrawnYes10 daysYes
5-yearBeal Bank$1,0001.25%Greater of 1% of the amount withdrawn or replacement cost of amount withdrawnYes10 daysYes
5-yearChase Bank$1,0000.25%2% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
5-yearColonial Savings$1,0001.11%6 months' interest on the amount withdrawnYes10 daysYes
5-yearNexBank$10,0000.65%6 months' interestYes10 daysNot offered
5-yearTexas Capital Bank$1,0000.25%15 months' interest on the amount withdrawnYes10 daysYes
5-yearTriumph Savings Bank$1,0001.47%6 months' interestYes10 daysYes
5-yearWells Fargo Bank$2,5000.35%12 months' interest, minimum $25Yes7 daysYes

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets Oct. 1-13, 2015. Included were the top 5 banks and the top 5 thrifts by deposit size in each market. The top 5 credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Partner Center
advertisement

Connect with us