The net earnings credit is then applied toward your total activity charges for the statement period. If the earnings credit calculation exceeds the activity charges, there is no service charge for that period. If the activity charges exceed the earnings credit calculation, your account will be charged the net difference. Customers are permitted three free debits per month. Please consult with your TexasBank representative for current interest rate information.
All certificates of deposit are automatically renewable and interest is paid quarterly.
Interest may be credited back to your certificate of deposit, deposited to your other TexasBank account, or you may receive a check. There is a penalty for early withdrawal, based on the original term of your certificate of deposit. This allows you to manage the account access on your own terms. Banking online will reduce your trips to the bank, saving you time and money. With a TexasBank sweep account, your business can have funds automatically transferred from one or more transaction accounts into a single account on a daily basis.