June 29, 2024

State Bank of Texas CD Rates

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State Bank of Texas has a 12-month CD special popular for its impressive rates. See its current rate today.

State Bank of Texas (SBT) is a family-owned bank headquartered in Dallas, Texas. It was founded in 1987, initially to provide banking services to the local entrepreneurial immigrant community.

Its legacy continues. And, it offers one of the highest rates on a jumbo CD in the market.

Continue reading to learn more about SBT's 12-month CD special rate.

What Are the CD Rates at the State Bank of Texas?

State Bank of Texas currently provides a single CD option: a 12-month CD with a competitive 5.40% APY.[1]

While it offers one of the highest 1-year CD rates a minimum deposit of $50,000 is required. But, it is lower than the usual $100,000 requirement for most jumbo CDs.

It also has an early withdrawal penalty like any standard CD. So make sure you're okay with locking in your money for the entire 12 months.

State Bank of Texas CD Features Overview
CDs AvailableJumbo
Minimum Deposit$50,000
Terms12 months/1 year
Interest PaymentsNot compounded, accrues monthly
Early Withdrawal Penalty60 days' interest
Grace Period10 days

How important is the interest rate compared to other factors when choosing a CD?

How Much Does a State Bank of Texas CD Earn?

State Bank of Texas' 12-month CD offer can earn $2,700 with its 5.40% APY and $50,000 minimum deposit.

Use this handy calculator to see how much you can earn with SBT's Personal Certificates of Deposit.

How Much Interest Will You Earn?

State Bank of Texas CD Fees & Penalties

Withdrawing your CD early will cost you. The State Bank of Texas' CD has an early withdrawal penalty of 60 days' worth of interest

If you want to make the most of your CD, try not to withdraw before its maturity date.

You can also opt for your SBT CD to be renewed automatically. Plus, you get a 10-day grace period to withdraw your money to avoid incurring early withdrawal penalties.

Can I withdraw money from State Bank of Texas CD?
Like most CDs, you usually cannot withdraw money from your State Bank of Texas CD before it matures. But, you can withdraw interest earned without facing penalties.

State Bank of Texas CD Pros and Cons


  • Competitive rate
  • No monthly service fees
  • FDIC-insured


  • $50,000 minimum deposit to open
  • Limited to one CD term only
  • Early withdrawal penalties
  • Small branch network

What's your primary reason for considering a 12-month CD at the State Bank of Texas?

How State Bank of Texas CD Rates Compare

Should I open a CD at State Bank of Texas?
This really depends on what your financial goals and needs are. If you can afford to keep at least $50,000 locked in a 12-month CD, State Bank of Texas may give you a good rate for your time. Otherwise, you would want to look at other options.

How to Open a CD at State Bank of Texas

You can open a State Bank of Texas CD through their website:

  1. On their website, click Open Account.
  2. Enter your email and complete the application form.
  3. Select Personal Certificate of Deposit and fund your account.

Who can open a State Bank of Texas CD?
You must be a US person who is at least 18 years old to open a CD with the State Bank of Texas.

How to Withdraw Upon Maturity

Typically a bank will send you a notice at least a month before your CD matures. But it's always best to remember when your CD will mature (it should be on your account disclosure form).

And before the CD term ends, decide what you want to do with your CD. Here are your options:

  • Close the CD and withdraw all funds
  • Add deposit to the CD or withdraw a part of the CD
  • Automatic renewal

You have a grace period of 10 calendar days after your State Bank of Texas CD matures. Make sure you contact the bank before it ends. Otherwise, it will be subject to early withdrawal penalties after the grace period.

How do I contact State Bank of Texas?
You can reach State Bank of Texas at 972-252-6000 from Mondays to Fridays 9:00 a.m. to 5:00 p.m. You can also call or visit any of their 8 branches or send an email to info@statebnk.com.

Other State Bank of Texas Accounts

A CD might not be the best option for you. State Bank of Texas has other bank accounts that might suit your needs.

  • State Bank of Texas Personal Money Market Account
    SBT's Personal Money Market account provides both flexible access to your money and a high APY. But, unlike CDs, the rate is not fixed which means it could change over time.

    To earn the top rate, you need to maintain a minimum of $100,000 in your account. There is also a $20 monthly fee which you can avoid with an average daily balance of $25,000.[2]

  • State Bank of Texas Personal Checking
    This checking account from SBT allows unlimited deposits and withdrawals. You'll need $100 to open it, and there's a $10 monthly fee, that you can waive by keeping an average daily balance of $800.

    It also comes with a complimentary ATM card with access to fee-free SBT-owned ATMs and SBT will not charge you for using foreign ATMs.[3]

    Is my money safe in a State Bank of Texas CD?
    State Bank of Texas is an FDIC member bank (Cert #27074). So your CDs are federally insured up to $250,000 in case the bank closes down.

    Bottom Line

    State Bank of Texas CDs can be a great choice if you're after high rates. However, you can only get a 12-month CD term. Plus, you need $50,000 to open an account.

    Some online banks or credit unions might be able to give you more term options with a little to no minimum required. Take your time browsing CD rates before you commit to one.

    How likely are you to recommend the State Bank of Texas's 12-month CD to someone else?


    1. ^ State Bank of Texas. Personal Certificates of Deposit, Retrieved 03/14/2024
    2. ^ State Bank of Texas. Personal Money Market Account, Retrieved 03/14/2024
    3. ^ State Bank of Texas. Personal Checking, Retrieved 03/14/2024
Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 9/30/2024
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Member FDIC

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Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/12/2024

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
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  • Member FDIC

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC

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