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Certificate of Deposit

Save and earn more with a Certificate

A certificate of deposit (CD) provides members with the opportunity to lock-in a fixed rate of return for a specified length of time. With CDs, you are guaranteed a competitive interest rate for the full term of the CD. Open a Texas Bay CD for as little as a $1,000 deposit. Select the term, as few as 6 months or as long as 60 months, and watch your savings grow.

  • Open with just a $1,000 deposit
  • Deposit accounts are insured up to $250,000 by the National Credit Union Administration
  • Plus, additional deposits are insured through Excess Share Insurance up to $500,000, the highest level of combined federal/private share savings insurance available.

Contact us during business hours to help you decide the best option for you.

CD Rates

Deposit Insurance

Texas Bay Credit Union is federally insured by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the U. S. Government. The National Credit Union Administration (NCUA) is an independent agency of the United States Government. NCUA regulates, charters, and insures the nation’s Federal credit unions. In addition, NCUA insures state-chartered credit unions that desire and qualify for federal insurance.

Your deposits/shares at Texas Bay are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUA. Established by Congress in 1970 to insure member deposit/shares accounts at federally insured credit unions, the Fund is managed by NCUA under the direction of the NCUA Board. Your deposit/shares insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC).

Deposit/share accounts are insured up to $250,000, an amount equal to the insurance protection offered by the FDIC. Generally, if a credit union member has more than one account in the same insured Credit Union, those accounts are added together and are issued up to $250,000; however, there are exceptions.

Protecting your savings with the highest level of security available is one of Texas Bay Credit Union’s major objectives. That is why we combine your federal deposit insurance coverage with excess deposit insurance protection from Excess Share Insurance (ESI).

In addition to your accounts being covered by the National Credit Union Association (NCUA) to a limit of $250,000, ESI provides an additional $250,000 of savings protection to each qualifying account.

REFIyourCD

Why wait?  Refinance your Certificate of Deposit (CD) you have at another financial institution with Texas Bay.  Earn more now!

Do you have a CD earning peanuts?  Are you waiting until the maturity date to avoid an early withdrawal penalty?  Wait no more!  You may be leaving money on the table.

Interest rates have increased so it is likely that you can earn more by refinancing your CD sitting at another financial institution with Texas Bay, despite any early withdrawal penalties.  Our professionally trained representatives will be happy to assist and answer any questions you may have.  Contact us for a free analysis and start earning more today!

Drop by any one of our branch locations to start earning more today!

*In addition to your accounts being covered by the National Credit Union Association (NCUA) to a limit of $250,000, Texas Bay offers Excess Share Insurance (ESI) that provides an additional $250,000 of savings protection to each qualifying account at no cost to you.  ESI premium  is paid by Texas Bay as another free membership benefit!

Earning More, Made Easy

Texas Bay Credit Union is excited to offer the new Payroll Growth Certificate of Deposit.  This new CD is designed to help you start earning more, faster, by starting with a lower deposit.  If you don’t have the initial $1,000 deposit for a regular Texas Bay CD, the Payroll Growth CD is a great way to get there.  It requires only $100 to open with a term of 12 months.  Your balance increases up to the required $1,000 from periodic payroll/ACH deposits from your employer.  You will begin earning competitive dividends immediately.  At the end of the term, you should have the minimum amount to open a regular Texas Bay CD.  Start earning more today by opening a Payroll Growth CD at any Texas Bay branch location.

    • Minimum opening balance is $100
    • 12 month term
    • Higher interest rate than regular savings
    • Requires payroll/ACH deposit
    • Option to roll funds into a regular Texas Bay CD at the end of the term.

CD Rates