City National Bank Certificates of Deposit

City National Bank Certificates of Deposit Review

City National Bank Certificates of Deposit is offered by City National Bank of Texas, a bank founded in 1889 and based in Sulphur Springs, TX. City National Bank Certificates of Deposit is available in 1 state across the USA.

Key Takeaways

• Only one CD account type available. City National Bank Certificates of Deposit only offers traditional CD accounts.
• $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Wide selection of CD terms. City National 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 City National Bank Certificates of Deposit

City National Bank Certificates of Deposit FAQ

Are CDs from City National Bank of Texas federally insured?

Yes, your City National Bank of Texas CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #5544). 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 City National Bank of Texas 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 rolling over the CD for another term.

What CD rates does City National Bank of Texas offer on its CDs?

What is the minimum deposit to open a CD account with City National Bank of Texas?

City National Bank Certificates of Deposit requires a minimum deposit of $1,000 to open an account.

What is the grace period for City National Bank Certificates of Deposit?

City National Bank Certificates of Deposit 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 City National 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.

City National Bank of Texas charges an early withdrawal fee.

City National Bank of Texas does charge any of the fees we track.