PlainsCapital Bank has a new certificate of deposit promotion for Texas banking customers.  The bank’s CD promotion includes three different maturities, all with yields that are well above the national average rate on comparable term accounts.  Regrettably, not all consumers can share in the returns offered by PlainsCapital.  The outsized CD rates are only available to savers and investors in the Texas market served by the bank.

The three maturities in the PlainsCapital Bank certificate of deposit promotion include a 10 month term CD, 13 month term, and 19 month term certificate.  $1,000 minimum balance is required to open one of the CDs and obtain the annual percentage yield advertised.  And for the big money customers, the CD rates are valid for balances up to $5 million.

The 10 month CD rate is 1.00%, the 13 month has a 1.26% rates of return, and the 19 month CD rate is 1.51%.  With the average one year CD rate earning a paltry 0.25% (source:, PlainsCapital’s promotional rates are four times the national rate on the bank’s short maturity promotion, five times on the 13 month, and six times the national one year rate on the 19 month.

PlainsCapital Bank is a Dallas-based, FDIC insured financial institution.  The bank is the sixth-largest Texas headquartered bank by deposit market share and operates more than 6o bank branches In the Lone Star state.  PlainsCapital Bank serves a number of Texas major markets including: Austin, Corpus Christi, Dallas, El Paso, Fort Worth, Houston, Lubbock, the Rio Grande Valley and San Antonio.

Along with personal bank products and services, PlainsCapital offers commercial lending, treasury management, small business banking, private banking, and trust and wealth management services.

More information about the CD rates in Texas and the current bank promotion offered by PlainsCapital Bank can be obtained by calling a customer service representative at 866.762.8392.

All rates subject to change at bank’s discretion.  A fee will be imposed for early withdrawal from CDs and IRAs.  Early withdrawal fees on CD’s will reduce earnings on the CD.  All interest is compounded quarterly and can be paid out or capitalized quarterly based on customer’s discretion.  Interest payments requested on a basis more frequent than quarterly will have a reduced interest rate.  Additional terms and conditions may apply.

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