Bankrate.com’s 2015 CD Early Withdrawal Penalty Survey collected data in Houston 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 Houston CD rates

Houston

Term Institution Minimum deposit Yield Penalty for early withdrawal Reduction in principal if accrued and unpaid interest is less than the penalty? Grace period on automatically renewable CDs Are early withdrawal penalties the same for retirement CDs
3-month Amegy Bank $1,000 0.05% 30 days’ simple interest on amount withdrawn Yes 10 days Yes
3-month Bank of America $1,000 0.03% 90 days’ interest on the amount withdrawn Yes 7 days Not offered
3-month BBVA Compass $500 0.05% $25, plus 1% of amount withdrawn Yes 10 days Yes
3-month Beal Bank $1,000 0.36% Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term Yes 10 days Not offered
3-month Chase Bank $1,000 0.01% 1% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
3-month Integrity Bank $1,000 0.25% All interest earned No 10 days Yes
3-month Preferred Bank $1,000 0.25% 1.5% of CD value No 7 days Yes
3-month Third Coast Bank $1,000 0.25% 30 days’ interest Yes 7 days Not offered
3-month Wells Fargo Bank $2,500 0.01% 3 months’ interest, minimum $25 Yes 7 days Yes
6-month Amegy Bank $1,000 0.1% 30 days’ simple interest on amount withdrawn Yes 10 days Yes
6-month Bank of America $1,000 0.03% 90 days’ interest on the amount withdrawn Yes 7 days Yes
6-month BBVA Compass $500 0.1% $25, plus 1% of amount withdrawn Yes 10 days Yes
6-month Beal Bank $1,000 0.51% Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term Yes 10 days Not offered
6-month Chase Bank $1,000 0.01% 1% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
6-month Integrity Bank $1,000 0.4% 3 months’ interest Yes 10 days Yes
6-month Preferred Bank $1,000 0.35% 1.5% of CD value No 7 days Yes
6-month Spirit of Texas Bank $1,000 0.61% 90 days’ interest Yes 10 days Not offered
6-month Third Coast Bank $1,000 0.4% 30 days’ interest Yes 7 days Yes
6-month Wells Fargo Bank $2,500 0.01% 3 months’ interest, minimum $25 Yes 7 days Yes
1-year Amegy Bank $1,000 0.1% 90 days’ simple interest on amount withdrawn Yes 10 days Yes
1-year Bank of America $1,000 0.05% 180 days’ interest on the amount withdrawn Yes 7 days Yes
1-year BBVA Compass $500 0.1% $25, plus 1% of amount withdrawn Yes 10 days Yes
1-year Beal Bank $1,000 0.66% Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term Yes 10 days Yes
1-year Chase Bank $1,000 0.01% 1% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
1-year Integrity Bank $1,000 0.6% 6 months’ interest Yes 10 days Yes
1-year Preferred Bank $1,000 0.4% 2.5% of CD value No 7 days Yes
1-year Spirit of Texas Bank $1,000 0.91% 120 days’ interest Yes 10 days Yes
1-year Third Coast Bank $1,000 0.55% 90 days’ interest Yes 7 days Yes
1-year Wells Fargo Bank $2,500 0.05% 3 months’ interest, minimum $25 Yes 7 days Yes
2-year Amegy Bank $1,000 0.15% 180 days’ simple interest on the amount withdrawn Yes 10 days Yes
2-year Bank of America $1,000 0.1% 180 days’ interest on the amount withdrawn Yes 7 days Yes
2-year BBVA Compass $500 0.3% $25, plus 1% of amount withdrawn Yes 10 days Yes
2-year Beal Bank $1,000 0.81% Greater of 1% of the amount withdrawn or replacement cost of amount withdrawn Yes 10 days Yes
2-year Chase Bank $1,000 0.05% 2% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
2-year Integrity Bank $1,000 1% 6 months’ interest Yes 10 days Yes
2-year Preferred Bank $1,000 0.5% 2.5% of CD value No 7 days Yes
2-year Spirit of Texas Bank $1,000 1.36% 180 days’ interest Yes 10 days Yes
2-year Third Coast Bank $1,000 0.8% 90 days’ interest Yes 7 days Yes
2-year Wells Fargo Bank $2,500 0.15% 6 months’ interest, minimum $25 Yes 7 days Yes
5-year Amegy Bank $1,000 1% 180 days’ simple interest on the amount withdrawn Yes 10 days Yes
5-year Bank of America $1,000 0.15% 12 months’ interest on the amount withdrawn Yes 7 days Yes
5-year BBVA Compass $500 0.5% $25, plus 1% of amount withdrawn Yes 10 days Yes
5-year Beal Bank $1,000 1.25% Greater of 1% of the amount withdrawn or replacement cost of amount withdrawn Yes 10 days Yes
5-year Chase Bank $1,000 0.25% 2% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
5-year Integrity Bank $1,000 1.6% 6 months’ interest Yes 10 days Not offered
5-year Preferred Bank $1,000 1.1% 3.5% of CD value No 7 days Yes
5-year Spirit of Texas Bank $1,000 1.76% 180 days’ interest Yes 10 days Not offered
5-year Third Coast Bank, SSB $1,000 1.5% 12 months’ interest Yes 7 days Yes
5-year Wells Fargo Bank $2,500 0.35% 12 months’ interest, minimum $25 Yes 7 days Yes

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.

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