Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.15% - 0.85%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1,500
Certificate Term
- 6 months
- 11 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
FB&T Certificates of Deposit Review
FB&T Certificates of Deposit are offered by FB&T, a bank founded in 1934 and based in Perry, OK. FB&T Certificates of Deposit are available in 1 state.
Key Takeaways
- Small selection of CD account types. FB&T Certificates of Deposit only offers IRA and traditional CDs.
- Higher than average APY. FB&T Certificates of Deposit has an annual percentage yield of up to 0.85%, which is higher than the national average for 3-month CDs.
- $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
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FB&T Certificates of Deposit FAQ
Are CD from FB&T federally insured?
Yes, your FB&T 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 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 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.
- IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but FB&T Certificates of Deposit offers a CD that is specifically for retirement.
What 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:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.4% - 0.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11-Month APY | 0.15% - 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.15% - 0.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.15% - 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 require 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 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.
FB&T charges an early withdrawal fee.
FB&T does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 3:00PM
Tuesday
8:30AM - 3:00PM
Wednesday
8:30AM - 3:00PM
Thursday
8:30AM - 3:00PM
Friday
8:30AM - 5:30PM
Saturday
Closed