The majority of CD rates around the country have showed little to no change after the Federal Reserve boosted the fed funds rate in mid-December but, that’s not the case with the rates offered by Green Bank based in Houston, Texas.  While the recent rate increase by the Fed has had little impact on bank rates in general, Green Bank is bucking that trend with a new high yield CD rate promotion.  Green Bank’s certificate of deposit promotion offers some of the best CD rates in Texas on midterm and long term CD accounts.

The Green Bank CD rate promotion covers three different odd term accounts.  The bank has a 14 month CD with an interest rate of 1.25%, a 29 month term account with a rate at 1.50%, and a 44 month CD that yields 1.75%.  Customers can take advantage of the bank CD rates by opening an account with a minimum $1,000.00 deposit.

These certificates of deposit offers sure returns, so bank customers and account holders can plan for their financial goals.  With the bank CDs, your savings are invested at a set rate for a specified period of time with the principal and interest earned guaranteed.  When it comes to savings and finances in an uncertain environment, it’s best not to gamble.

CD accounts with the bank are set up to automatically renew.  However, when your term is up, you can cash out of the account or roll it into another CD for more returns.  The 14 month CD will renew into a 12 month account at the current rates, the 29 month CD will renew for 24 months, and the 44 month CD will renew for 36 months at maturity.

All CD deposits with Green Bank are insured up to $250,000 by the Federal Deposit Insurance Corporation.  This is a limited time offer, all accounts must be funded with new funds to the bank.  The Annual Percentage Yields (APY) listed are based on quarterly compounding.  Interest rates are based on the institution’s online published rates and may have changed since this offer was posted.  Contact the financial institution for any rate updates and to review the terms of the current offer.  Early withdrawal penalties may reduce earnings. Other terms and conditions may apply.

Green Bank is a nationally chartered commercial bank that provides commercial and personal banking services primarily to Texas based customers through twelve full service branches in the Houston, Dallas and Austin areas.  More information on the bank CD rate promotions as well as the other products and services offered by the bank can be obtained by contacting Green Bank at (800) 352-8257.

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