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Share CDs

Share CDs

Flex CDs

Flex CDs are our most versatile CDs. You can choose from one of these three options during the term of the CD:

  • Boost Your Rate. With a deposit of an additional 10% of the starting balance, you can increase to the higher current Flex CD rate.
  • Increase Your Investment. Add at least $500 extra cash to your CD.
  • Withdraw Funds, Penalty Free. Withdraw up to 25% of your current balance with no penalties.

Other great features of the Flex CD include:

  • NCUA Insured
  • Receive Free eAlerts upon maturity date. Login to Online Banking to set up your eAlerts.
  • Available in 6-month, 1-year, 2-year, 3-year, 4-year and 5-year terms
  • Interest accrued and paid monthly
  • Automatic grace period of 10 calendar days
  • You may withdraw dividends that have been paid without penalty

Penalties for unqualified early withdrawals are:

  • 6-month term = 90 days' dividends
  • 1 year or more = 180 days' dividends

Jumbo CDs

Jumbo CDs have higher denominations than regular CDs. They allow investors to deposit and receive interest and are considered low-risk, stable investments for large-scale investors. They typically pay higher interest rate dividends than smaller CDs.

Texas Trust offers two types of Jumbo CDs:

  • Mini Jumbo - $50,000 and up
  • Jumbo - $98,000 and up

Our Jumbo CD offers a great rate for those who open CDs with a higher balance. The minimum balance for this CD is $98,000.

Some features are:

  • Available in 3 mo., 6 mo., and 1 year terms
  • Interest accrued and paid monthly
  • Automatic Grace period of 10 calendar days
  • NCUA Insured
  • Receive Free eAlerts upon maturity date. Login to Online Banking to setup your eAlerts
  • You may withdraw dividends that have been paid without penalty

Deposits are not permitted during term of certificate. Penalties for early withdrawal are:
3 mos. 45 days' dividends
6 mos. 90 days' dividends
1 year or more 180 days' dividends

Mini Jumbo CDs

Our Jumbo CD offers a great rate for those who open CDs with a higher balance. The minimum balance for this CD is $50,000.

Texas Trust offers two types of Jumbo CDs:

  • Available in 3 mo., 6 mo., and 1 year terms
  • Interest accrued and paid monthly
  • Automatic Grace period of 10 calendar days
  • NCUA Insured
  • Receive Free eAlerts upon maturity date. Login to Online Banking to setup your eAlerts
  • You may withdraw dividends that have been paid without penalty

Deposits are not permitted during term of certificate. Penalties for early withdrawal are:
3 mos. 45 days' dividends
6 mos. 90 days' dividends
1 year or more 180 days' dividends

Term IRA CD for ages under 59½

Our Term Share IRA Certificates are Federally Regulated Retirement Fund CDs with 1-, 2-, 3-, 4-, and 5-year terms. These CDs only require a minimum balance of $1,000.

Other great features of this CD include:

  • NCUA Insured
  • Receive Free eAlerts upon maturity date. Login to Online Banking to setup your eAlerts
  • Interest accrued and paid monthly
  • Automatic Grace period of 10 calendar days

Deposits are not permitted during term of certificate. The minimum withdrawal is $1,000. Pursuant to Federal Regulation, a penalty may be imposed by the IRS for withdrawals. Penalties for early withdrawal are 180 days' dividends.

Term Share IRA Certificate for ages over 59½

Our Term Share IRA Certificates are Federally Regulated Retirement Fund CDs with 1-, 2-, 3-, 4-, and 5-year terms. These CDs only require a minimum balance of $1,000.

Other great features of this CD include:

  • NCUA Insured
  • Receive Free eAlerts upon maturity date. Login to Home Banking to setup your eAlerts.
  • Interest accrued and paid monthly
  • Automatic Grace period of 10 calendar days

Deposits are not permitted during term of certificate. One withdrawal per year without penalty. The minimum withdrawal is $1,000. Pursuant to Federal Regulation, a penalty may be imposed by the IRS for withdrawals. Penalties for early withdrawal are 180 days' dividends.

55-and-Better CDs

The 55-and-Better CD is a 15-month term CD available to our members age 55 and better. This is a special CD that takes the base rate and adds .01 for every year of your age.

Some features are:

  • Interest accrued and paid monthly
  • Automatic grace period of 10 calendar days
  • NCUA Insured
  • Receive Free eAlerts upon maturity date. Login to Online Banking to set up your eAlerts.
  • You may withdraw dividends that have been paid without penalty
  • Minimum opening balance is $10,000
For example, if the current APY1 is .75%, Members who are 55 or older can open a 15-month CD starting at .75% APY. Then, for every year of your age, add .01 to .75 to determine your APY.

That means:

If you are 57 years old, add .57 to .75, making your APY 1.32%

If you are 66 years old, add .66 to .75, your APY would be 1.41%

If you are 72 years old, add .72 to .75, your APY would be 1.47%

1APY = Annual Percentage Yield

Promotional rate will be available for a limited time only and is subject to expiration without notice. $10,000 minimum opening deposit with a 15 month term. New money only. At maturity, deposits and interest will roll over into a new 15-month CD at the prevailing rate. Early withdrawal penalties apply. Membership required. Federally Insured by NCUA.

Smart Start Youth CDs

It's never too early to teach kids the importance of saving money.

Our Smart Start CD* is available to members ages 17 and younger. Features include:

  • Competitive savings yields
  • Low $100 minimum deposit to open
  • 1-year term
  • Deposits can be made anytime, by anyone

Your child will have their very own CD to learn how to save for the future, while earning more money than a regular savings account. After all, what kid doesn't like to make MORE money? Plus, anyone (such as grandparents) can deposit money into a Smart Start CD at any time for occasions such as birthdays and holidays. As a joint owner, you can help them chart their progress with a "youth-friendly" statement sent to you each quarter.

Mega Flex CDs

Mega Flex CDs were created especially for our Public Servants. You can choose from one of these two options during the term of the CD:

  • Six deposits any time during the term
    OR;
  • Withdraw funds without incurring a penalty

Withdraw up to 25% of your current balance with no penalties. Must maintain minimum balance of $1,000.

Other great features of the Mega Flex CD include:

  • NCUA insured
  • Receive free eAlerts upon maturity date. Log into Online Banking to set up your eAlerts.
  • Available in 9-month term
  • Interest accrued and paid monthly
  • Automatic grace period of 10 calendar days
  • You may withdraw dividends that have been paid without penalty

Penalties for unqualified early withdrawals are:
135 days dividends

Compare our Share CD** terms, rates, and other features. All Texas Trust CDs are federally insured by the National Credit Union Administration (NCUA).

Type Opening Deposit Minimum Terms Interest Compounded Interest Payment Frequency Grace Period
Term Share $500 3 months, 6 months
1-5 year
Monthly Monthly Automatic/10 Day
Smart Start Youth $100 1-year Monthly Monthly Automatic/10 Day
55-and-Better Share $10,000 15 months Monthly Monthly Automatic/10 Day
Flex $5,000 6 months
1-5 year
Monthly Monthly Automatic/10 Day
Term IRA over age 59 1/2 $500 1-5 year Monthly Monthly Automatic/10 Day
Term IRA under age 59 1/2 $500 1-5 year Monthly Monthly Automatic/10 Day
Mini Jumbo $50,000 3 months
6 months
1-year
Monthly Monthly Automatic/10 Day
Jumbo $98,000 3 months
6 months
1-year
Monthly Monthly Automatic/10 Day
Mega Flex** $1,000 9 mo. Monthly Monthly Automatic/10 Day

*$100 minimum opening deposit. 1-year term. Joint owner required. Additional deposits are permitted of at least $25. At age 16, minor may withdraw without joint owner consent. Once youth reaches age 18 and the CD matures, the money will automatically roll into a 1-year Term Share CD if it meets balance requirements. If not, the funds will be transferred to the Share Account. Penalties apply for early withdrawal. Youth Savings Account required.

**Texas Trust Credit Union membership eligibility required. You must have a Share Account open with a minimum balance of $5 to open any Share CD.

***Only Public Servants are eligible for the Mega Flex CD.

See our Truth in Savings disclosures: Certificates of Deposit

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