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  FB&T Certificates of Deposit
FB&T Certificates of Deposit
in CD Rates from FB&T
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FB&T Certificates of Deposit

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in CD Rates from FB&T
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Highlights
Minimum Opening Deposit Starting at $1,500
Certificate Term
  • 6 months
  • 11 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.15% - 0.85%

FB&T Certificates of Deposit Review

FB&T Certificates of Deposit is offered by FB&T, founded in 1934 and based in Perry, OK. FB&T Certificates of Deposit is available in 1 state across the USA.

Key Takeaways
  • Small selection of CD account types. FB&T Certificates of Deposit only offers traditional and CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.85%, which is much higher than the national average for a CD account.
  • $1,500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. FB&T 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 FB&T Certificates of Deposit
Pros Cons
  • Multiple CD terms available.
  • High-interest yield.
  • Not FDIC-insured.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
FB&T Certificates of Deposit FAQ

Are cd rates from FB&T federally insured?

No, your FB&T cd rates are not insured by a federal insurance agency. This means that if FB&T were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does FB&T offer?

FB&T Certificates of Deposit provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i 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 FB&T offer on its CDs?

FB&T Certificates of Deposit offers an APY starting at 0.15% and ranging up to 0.85%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does FB&T Certificates of Deposit offer?

FB&T offers CD terms of the following lengths:
FB&T Certificates of Deposit Rates & Terms
Description
APY (Annual Percentage Yield) 0.15% - 0.85%
6-Month APY 0.15% - 0.25%
11-Month APY 0.15% - 0.25%
12-Month APY 0.4% - 0.5%
2-Year APY 0.55% - 0.65%
3-Year APY 0.6% - 0.7%
4-Year APY 0.7% - 0.8%
5-Year APY 0.8% - 0.85%

What is the minimum deposit to open a CD account with FB&T?

FB&T Certificates of Deposit requires a minimum deposit of $1,500 to open an account.

What is the grace period for FB&T Certificates of Deposit?

FB&T 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 FB&T 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.

FB&T does not charge an early withdrawal fee.

FB&T does not seem to charge any of the fees we track.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
Oklahoma
Availabile in all of Oklahoma

Feature Breakdown

Minimum Opening Deposit Starting at $1,500
APY (Annual Percentage Yield) 0.15% - 0.85%
6-Month APY 0.15% - 0.25%
11-Month APY 0.15% - 0.25%
12-Month APY 0.4% - 0.5%
2-Year APY 0.55% - 0.65%
3-Year APY 0.6% - 0.7%
4-Year APY 0.7% - 0.8%
5-Year APY 0.8% - 0.85%
CD Accounts
  • Traditional
  • IRA
Certificate Term
  • 6 months
  • 11 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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