Capital Bank Certificates of Deposit

Capital Bank Certificates of Deposit Review

Capital Bank Certificates of Deposit are offered by Capital Bank Of Texas, a bank founded in 1965 and based in Houston, TX. Capital Bank Certificates of Deposit are available in 1 state across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a CD account.
• $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Wide selection of CD terms. Capital Bank Certificates of Deposit allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Capital Bank Certificates of Deposit

Capital Bank Certificates of Deposit FAQ

Are CDs from Capital Bank Of Texas federally insured?

Yes, your Capital Bank Of Texas CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 is the grace period for Capital Bank Certificates of Deposit?

There is a 10-day grace period for Capital Bank Certificates of Deposit. 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 10-day 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 Capital Bank Certificates of Deposit 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 CD term ends.

Capital Bank Of Texas does not charge an early withdrawal fee.