Lone Star Bank offers 15 terms for CDs, ranging from 7-29 days to 60 months. Opening a CD requires a minimum deposit of $1,000 or $100,000. The yields are competitive.
If you withdraw money before the term ends, you incur penalty fees, which reduce your earnings.
You need at least $1,000 to open a CD.
The APY on a 5-year CD of at least $100,000 is no better than a $1,000 CD with the same term.
You can find higher yields, especially at online banks.