Bankdirect, A Division Of Texas Capital Bank:
Online Certificate of Deposit - 0.60% APY
• There is a $10,000.00 minimum to open CD .
• Interest compounded daily .
• For maturities up to 90 days the early withdrawal penalty will be 30 days interest on principal amounts withdrawn. Maturities greater than 90 days but less than 1 year, the early withdrawal penalty will be 90 days of interest on the principal amount withdrawn. Maturities greater than 1 year, the early withdrawal penalty will be 180 days of interest on the principal amount withdrawn. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at the then current rate. It will be 10 days after the maturity date to withdraw funds without penalty.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 0.60% |
| Term Length | 18 Month |
| Minimum deposit amount | $10,000.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $10,000.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $10,000.00 |
| Fees | |
| Early withdrawal penalty | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $45.00 |
| Incoming Wires | $20.00 |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| August 20, 2023 | 0.60% |
Customer Reviews for BankDirect, a division of Texas Capital Bank
Eldridge D.
February 7, 2021
I cannot comment on Bankdirect, but I can comment on the Bask Bank subsidiary. Opening this account to earn AAdvantage miles is the best move I've made in years! I am getting 100,000 frequent flier miles and that is more than enough to get my spouse and me to Hawaii and back versus maybe $600 a year before tax (I saw maybe because rates are still falling). If you want to open an account, I can help you. Contact me at eldridge.
Is this review helpful? Yes:5 / No: 0
Rajit C
October 17, 2020 |
Is it possible to covert to this 0.75% account from Bask? I am not using airmiles during the pandemic.
Is this review helpful? Yes:5 / No: 0
Jerry N
August 23, 2020 |
I opened an account and then I realized that it is the same parent that owns Bask Bank and that took me over FDIC limits so I closed this because I prefer the Bask account. I am writing this to warn others.
Is this review helpful? Yes:11 / No: 0
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