CDs and IRAs

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Certificates of Deposit Account

Certificate of Deposit accounts (CDs) are our most popular investment accounts. CDs offer a variety of fixed maturity periods with attractive interest rates.

Features that are common to all TrustTexas Bank CDs include the following:

• You may open any Regular CD with a minimum balance of $1,000.00
• You may open any Jumbo CD with a minimum balance of $100,000.00
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Interest begins to accrue on your funds on the business day that you deposit non-cash items (for example, checks) into a certificate account.
• You may not make any deposits into your account before maturity.
• You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
• You can only withdraw interest credited in the term, before maturity of that term, without penalty. You can withdraw interest during the current term after it is credited to your account.
• There are certain circumstances, such as the death or incompetence of an owner, where we will waive early withdrawal penalties.
• If you close your account before interest is credited, you will receive the accrued interest.

There are several other specific terms within a certificate of deposit agreement that may vary based on the maturity selected and/or the amount of money invested. Examples of terms that may vary include the compounding frequency, the interest crediting frequency, the conditions under which early withdrawals of principal or interest may be made and options for the automatic renewal* of the account, etc. If you have any questions, please contact a Customer Service Representative for more information.

*Automatic renewal - These accounts will automatically renew at maturity. You may prevent renewal if you withdraw the funds or we receive written notice from you at maturity or within the grace period. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, your deposit will be placed in a savings account and earn interest at the current savings rate.

Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.

You will have nine calendar days after maturity to withdraw the funds without a penalty.

IRA Savings Account

Interest bearing account designed for your retirement savings.

Account Features

• Minimum initial balance to open: $100.00
• Minimum daily balance to earn interest: $100.00
• Minimum average daily balance to avoid a minimum balance fee: $100.00
• Minimum balance fee per month on average daily balances below $100.00: $5.00
• An excess debit fee of $5.00 is charged for each withdrawal in excess of one per calendar month.
• Statements are issued on a quarterly statement cycle, as required by regulations.
• Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, Internet, Phone Bank, ACH debit or wire transfers are limited to six per month.

Other Information

For Current Rates, Fee Schedules, and more information, please call TrustTexas Bank at 1-800-342-0679.

Your interest rate and annual percentage yield ("A.P.Y.") may change in accordance with the terms of the particular type of account. At our discretion, we may change the rate of interest on your account at any time without prior notification.