Last Updated: 04/18/2025
First Bank and Trust of Texas Certificates of Deposit
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.1% - 0.4%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1,000
Certificate Term
- 3 months
- 6 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
- 7 years
First Bank and Trust of Texas Certificates of Deposit Review
First Bank and Trust of Texas Certificates of Deposit are offered by Heartland Financial USA Inc, a nonbank financial services provider founded in 1981 and based in Dubuque, IA. First Bank and Trust of Texas Certificates of Deposit are available in 1 state.
Key Takeaways
- Only one CD type available. First Bank and Trust of Texas Certificates of Deposit only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.4%.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. First Bank and Trust of Texas 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 First Bank and Trust of Texas Certificates of Deposit
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First Bank and Trust of Texas Certificates of Deposit FAQ
Are CD from Heartland Financial USA Inc federally insured?
Yes, your Heartland Financial USA Inc 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 Heartland Financial USA Inc offer?
First Bank and Trust of Texas 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.
What rates does Heartland Financial USA Inc offer on its CDs?
First Bank and Trust of Texas Certificates of Deposit offers an APY starting at 0.1% and ranging up to 0.4%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does First Bank and Trust of Texas Certificates of Deposit offer?
Heartland Financial USA Inc offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 3-Month APY | 0.1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.1% - 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.2% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Heartland Financial USA Inc?
First Bank and Trust of Texas Certificates of Deposit require a minimum deposit of $1,000 to open an account.
What is the grace period for First Bank and Trust of Texas Certificates of Deposit?
First Bank and Trust of Texas 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 Heartland Financial USA Inc 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.
Heartland Financial USA Inc charges an early withdrawal fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transfer Fee | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed