Frost Bank CD Rates December 2010 Update
Frost Bank CD Rates December 2010 Update
Frost Bank CD Rates December 2010 UpdateFrom Highest CD Rates we are providing today an update on the Frost Bank CD rates. This is the largest Texas owned and operated bank in the state. Their commitment to Texas and its people have not wavered since it first opened its doors in 1868. Frost Bank has more than 100 financial centers in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Frost provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services.
The Frost Bank certificate of deposit rates are in a tiered format so the more you invest, the greater your return will be. These CD's can be purchased online, over the phone or at one of the Frost Bank branch office. Whichever is more convenient for you. The tiered sections from Frost are for deposits from $1,000 to $99,999.99 for the first tier and the second is for deposit greater than $100,000.
The current CD rates available online are for the 180 day CD is an APY of 0.20% and 0.25% respectively. The 1 year CD is earning an APY of 0.30% and 0.35%. The 2 year CD is earning an APY of 0.55% and 0.60%.
The current CD rates available at one of the branch offices or over the phone include the 90 day CD that is earning an APY of 0.15% and 0.20% respectively. The 180 day CD is earning an APY of 0.20% and 0.25%. The one year CD is earning an APY of 0.30% and 0.35%. The 18 month CD is earning an APY of 0.50% and 0.55%. The best CD rates are from the 2 year CD that is earning an APY of 0.55% and 0.60% respectively.
Frost Bank elected not to apply for federal funding under the TARP in October 2008 as they are well capitalized and didn't want to dilute their shareholder value. They have sailed with ease during the economic meltdown.