Bridge City Bank Certificate of Deposit

Bridge City Bank Certificate of Deposit Review

Bridge City Bank Certificate of Deposit are offered by Bridge City Bank, a bank founded in 1959 and based in Bridge City, TX. Bridge City Bank Certificate of Deposit are available in 1 state across the USA.

Key Takeaways

• Only one CD type available. Bridge City Bank CD only offers traditional CD accounts.
• $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.

Pros & Cons of Bridge City Bank Certificate of Deposit

Bridge City Bank Certificate of Deposit FAQ

Are CD from Bridge City Bank federally insured?

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 association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Bridge City Bank offer?

• 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.

What rates does Bridge City Bank offer on its CDs?

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

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

What is the grace period for Bridge City Bank CD?

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 renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

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

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 does not charge an early withdrawal fee.