Question 1

Are CD from Bridge City Bank federally insured?

Accepted Answer

Yes, your Bridge City Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC # 18155 ). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings... Learn More at SuperMoney.com

Question 2

What types of CDs does Bridge City Bank offer?

Accepted Answer

Bridge City Bank CD provides the following types of CDs. Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.

Question 3

What is the minimum deposit to open a CD account with Bridge City Bank?

Accepted Answer

Bridge City Bank CD require a minimum deposit of $1,000 to open an account.

Question 4

What is the grace period for Bridge City Bank CD?

Accepted Answer

Bridge City Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs... Learn More at SuperMoney.com

Question 5

What types of fees, such as early withdrawal penalties, does Bridge City Bank charge?

Accepted Answer

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends. Bridge City Bank charges an early withdrawal fee.

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