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Invest in a certificate today! Insured up to $500,000.

Certificate of Deposit

Take Advantage of the Better Rates to Save!

One way we thank Texas Bay members is in the form of great rates.  Financially, Texas Bay is in position to do more by offering the better rates to members to support any savings plan.  That’s right.  We want to pay our members back for doing business with us.  Take advantage of our current CD rates today and save for tomorrow.

A certificate of deposit (CD) provides members with the opportunity to lock-in a fixed rate of return for a specified length of time. With CDs, you are guaranteed a competitive interest rate for the full term of the CD. Open a Texas Bay CD for as little as a $1,000 deposit. Select the term, as few as 6 months or as long as 60 months, and watch your savings grow.

  • Open with just a $1,000 deposit
  • Deposit accounts are insured up to $250,000 by the National Credit Union Administration
  • Plus, additional deposits are insured through Excess Share Insurance up to $500,000, the highest level of combined federal/private share savings insurance available.

Contact us during business hours to help you decide the best option for you.

CD Rates

CD Rates (APY)*
(Including IRA Certificates) – Current as Approved by the Board/ALCO (08/10/20)

    • 6-11 Month CD
    • Jumbo – 6-11 Month CD
    • 12-17 Month CD
    • Jumbo – 12-17 Month CD
    • 18-23 Month CD
    • Jumbo – 18-23 Month CD
    • 24-35 Month CD
    • Jumbo – 24-35 Month CD
    • 36-47 Month CD
    • Jumbo – 36-47 Month CD
    • 48-59 Month CD
    • Jumbo – 48-59 Month CD
    • 60 Month CD
    • Jumbo – 60 Month CD
    • Payroll Growth CD¹ – 12 Mth

APY=Annual Percentage Yield
¹Minimum $100 deposit.  Requires ACH deposit.

a) Minimum amount to open a Share Certificate is $1,000.

b) Minimum amount to open a Jumbo Share Certificate is $50,000.

c) All Share Certificate dividend rates and APY are subject to change without notice.

* APY or ANNUAL PERCENTAGE YIELD assumes dividends remain in the account until maturity. Withdrawals or fees reduce earnings.  Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves.  All accounts must remain open through the end of the dividend period or the maturity date to be paid the accrued dividends.

Fees can reduce the earnings of deposit accounts. Penalty may apply for early withdrawal of CD deposits. Rates may change after account is opened.

Please Note: The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by NCUA under the direction of the three-person NCUA Board. Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). Most properly established share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), which is $250,000 as of October 2008, but may change in the future. Recent legislation has increased the insurance coverage on certain retirement accounts, such as IRAs and Keoghs, up to $250,000. Generally, if a credit union member has more than one account in the same credit union, those accounts are added together and insured in the aggregate. There are exceptions, though. You may obtain additional separate coverage on multiple accounts, but only if you have different ownership interests or rights in different types of accounts and you properly complete account forms and applications. For example, if you have a regular share account and an Individual Retirement Account (IRA) at the same credit union, the regular share account is insured up to $250,000 and the IRA is separately insured up to $250,000. However, if you have a regular share account, a share certificate, and a share draft account, all in your own name, you will not have additional coverage. Those accounts will be added together and insured up to $500,000 as your individual account. Additionally, shares denominated in foreign currencies are insured as outlined in NCUA Rules and Regulations.

Excess Share Insurance

Protecting your savings with the highest level of security available is one of Texas Bay Credit Union’s major objectives. That is why we combine your federal deposit insurance coverage with excess deposit insurance protection from Excess Share Insurance (ESI).

In addition to your accounts being covered by the National Credit Union Association (NCUA) to a limit of $250,000, ESI provides an additional $250,000 of savings protection to each qualifying account.


Why wait?  Refinance your Certificate of Deposit (CD) you have at another financial institution with Texas Bay.  Earn more now!

Do you have a CD earning peanuts?  Are you waiting until the maturity date to avoid an early withdrawal penalty?  Wait no more!  You may be leaving money on the table.

Interest rates have increased so it is likely that you can earn more by refinancing your CD sitting at another financial institution with Texas Bay, despite any early withdrawal penalties.  Our professionally trained representatives will be happy to assist and answer any questions you may have.  Contact us for a free analysis and start earning more today!

Drop by any one of our branch locations to start earning more today!

*In addition to your accounts being covered by the National Credit Union Association (NCUA) to a limit of $250,000, Texas Bay offers Excess Share Insurance (ESI) that provides an additional $250,000 of savings protection to each qualifying account at no cost to you.  ESI premium  is paid by Texas Bay as another free membership benefit!

Earning More, Made Easy

Texas Bay Credit Union is excited to offer the new Payroll Growth Certificate of Deposit.  This new CD is designed to help you start earning more, faster, by starting with a lower deposit.  If you don’t have the initial $1,000 deposit for a regular Texas Bay CD, the Payroll Growth CD is a great way to get there.  It requires only $100 to open with a term of 12 months.  Your balance increases up to the required $1,000 from periodic payroll/ACH deposits from your employer.  You will begin earning competitive dividends immediately.  At the end of the term, you should have the minimum amount to open a regular Texas Bay CD.  Start earning more today by opening a Payroll Growth CD at any Texas Bay branch location.

    • Minimum opening balance is $100
    • 12 month term
    • Higher interest rate than regular savings
    • Requires payroll/ACH deposit
    • Option to roll funds into a regular Texas Bay CD at the end of the term.

CD Rates

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