CERTIFICATE OF DEPOSIT (CD)

A certificate of deposit (CD) is a bank account that lets you earn a fixed interest rate in exchange for locking in your deposit for a specified term. At T Bank, we offer several terms to choose from—see our CD Rates and Terms.

You can add funds to your new CD from these sources:

• Transfer from existing T Bank account
• Transfer from a non-T Bank account – Electronic transfer (ACH) from your external bank account: You can easily set up an external account transfer during the online funding process.
• Wire transfer – Ask you bank if there are any fees associated with this.
• Paper check: write a check to yourself or get a cashier’s check from your current bank. (Note: you may not use a traveler’s check, money order, international bank check, or double endorsed/third-party check.)  and mail to:

T Bank

Attn: Deposit Operations

16200 Dallas Pkwy #190
Dallas, TX 75248

Please make sure to put your new T Bank account number on the check (which you will receive at the end of your account application).

A CD is designed to provide a guaranteed rate for the term and the amount on deposit, therefore, no changes to the CD should be made during its term. If you need to withdraw any of the CD principle, a penalty may be imposed. You may, however, withdraw interest that has been credited to your account during the current term without penalty.

Once your CD matures, there is a 10-day grace period during which you can add funds, renew the CD, put the funds in a different CD, or withdraw funds.

30 days before your CD maturity date, we’ll send you a maturity notice. Once the maturity date arrives, you get a 10-day grace period, during which you can add funds, withdraw funds, or change the term. If you don’t do anything, your CD is automatically renewed. We’ll send you a renewal notice after the grace period ends.