All of Texas knows the Longhorns were winners.  We found a bank in Austin that is also a winner.  Not only does this Texas bank have great products and services, including some of the best CD rates, but the President of the bank is also an alumnus of the University of Texas.  An alumnus who received where he received both his bachelors and masters degree.   A bank run by a man that can make such a sound decision on education is bound to be a bank worth looking at.  The Texas bank is Treaty Oak Bank.

Treaty Oak Bank was established in 2004.  The bank has more than $60 million in deposits and is locally owned and independently operated.  Treaty Oak Bank offers CD terms that are available from 30 days up to 3 years.  The 3 year CD is now earning an interest rate of 3.34% APY.  The bank offers a two year CD that has an interest rate of 3.08% APY.  There is a one year CD that yields a rate of 2.68% APY.  Treaty offers a 6 month CD that has an interest rate of 1.91% APY.  They also offer a 3 month which presently earns an interest rate of 1.61% APY.  And finally, the bank offers a very short one month CD that pays an interest rate of 1.31% APY.  The minimum amount to open these bank CDs is $1,000.00.

Treaty Oak Bank offers a variety of other consumer and business bank products and services.  The bank has a wide assortment of savings products from standard savings accounts to money market accounts as well as an assortment of residential loan programs and commercial loan options.  To reach a bank representative call 512-617-3600.  The bank web site posts current savings rates as well as provides information on the plethora of products and service offered by Treaty Oak Bank.  The web site is located at www.treatyoakbank.com.  Interest rates subject to change and conditions may apply to open a bank CD.  Information updated on January 6, 2008.

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