Alliance Bank Central Texas was established on March 16, 1939.   The bank has been FDIC insured since that time.  Alliance Bank Central Texasis chartered as a Federal Reserve Non-member.  The primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has three bank branches, in Waco, Jewett and Donie Texas.

As of September 2008 Alliance Bank Central Texas had assets of $92,483,000.  The bank had net loss during the first nine months of 2008 of -$101,000.  As of September 2008 the bank had a tier 1 risk-based capital ratio of 9.01% and a total risk-based capital ratio of 9.82%.

Alliance Bank Central Texas offers a full line of banking products and services with emphasis in commercial banking for small and medium sized businesses.

The banks savings, CDs and money market accounts, are established to help consumers establish savings plan that will help them reach their personal financial goals.  Putting money aside for the future is one of the most important parts of any sound financial plan.  By using one of the banks CDs, investors put money into an account for a specified amount of time and, at the date of maturity, they receive the deposit plus all accrued interest.

With a minimum deposit of $1,000.00, the bank has several different CD rates and terms to choose from.

The bank is running two special CD rates, a 7 month certificate of deposit which earns an interest rate of 2.51% APY and a 13 month certificate of deposit with an interest rate if 2.68% APY.

Standard CD rates being promoted include:

30 day certificate of deposit rate is 1.11% APY
90 day certificate of deposit interest rate is 1.41% APY
180 day certificate of deposit has a rate of 1.75% APY
1 year certificate of deposit earns an interest rate of 2.22% APY
2 year certificate of deposit rate is 2.37% APY
3 year certificate of deposit has a rate of 2.57% APY
4 year certificate of deposit earns an interest rate of 2.83% APY
5 year certificate of deposit yields a rate of 3.14% APY

Bank certificate of deposit rates are subject to change and additional conditions may apply to open these bank accounts.  For current bank rate information and account details a bank representative can be contacted at 254-741-8000.  Additional bank rates and bank products information can be found on the bank website located at abctsecure.com.

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