Enjoy Higher Rates With Frost

We've raised our interest rates to some of the highest in the industry. See how our rates stack up against other banks.
business savings options / frost certificate of deposit

Frost Certificate of Deposit Account

A safe and reliable way for your business to build a stronger financial future, a Frost CD allows you to invest a fixed amount of money for a specific amount of time — and earn a fixed amount of interest in return.

Ready to open a CD? The team at your nearest Frost Financial Center will be glad to help.

Find a Location
1,000

minimum opening deposit


14-day to 24 month terms
  • No monthly service charge
  • Competitive interest rates, guaranteed until maturity
  • Automatically renewable at the effective rate at maturity

Enjoy higher interest with Frost

See how we stack up against the big banks

Frost
Annual Percentage Yield (APY)
Bank of America
Annual Percentage Yield (APY)
Chase
Annual Percentage Yield (APY)
Wells Fargo
Annual Percentage Yield (APY)
$100,000 and over
0.05%
14 Day
0.03%
14 Day
0.02%
14 Day
not offered
14 Day
0.10%
30 Day
0.03%
30 Day
0.02%
30 Day
not offered
30 Day
0.20%
60 Day
0.03%
60 Day
0.02%
60 Day
not offered
60 Day
4.05%
90 Day
0.03%
90 Day
4.00%
90 Day
1.02%
90 Day
3.55%
180 Day
0.03%
180 Day
0.05%
180 Day
1.51%
180 Day
3.80%
12 Month
0.03%
12 Month
3.75%
12 Month
2.01%
12 Month
3.05%
24 Month
0.03%
24 Month
2.00%
24 Month
2.01%
24 Month
$1,000 to $99,999.99
3.55%
90 Day
0.03%
90 Day
3.50%
90 Day
0.51%
90 Day
3.20%
180 Day
0.03%
180 Day
0.05%
180 Day
1.02%
180 Day
3.35%
12 Month
0.03%
12 Month
3.25%
12 Month
1.51%
12 Month
2.70%
24 Month
0.03%
24 Month
2.00%
24 Month
1.51%
24 Month


Data for Frost Bank provided by Frost Bank
Frost Annual Percentage Yield effective as of 01/26/2023. Fees could reduce the earnings on the account. Penalty may be imposed for early withdrawal.
Data for Bank of America, Chase, and Wells Fargo provided by:

Information effective 01/25/2023

Business CD account additional features

  • Competitive interest rates, guaranteed until maturity
  • Any withdrawals prior to maturity date are subject to early withdrawal penalty
  • Withdraw your funds within 10 calendar days from the maturity date to avoid being charged a penalty

Opening Your Account

To open a Business Savings account, call (866) 376-7889 or stop by your local Frost financial center and bring:

Social Security Number

Tax ID Number or SSN if Sole Proprietorship

Company’s Tax ID number (or Social Security number if Sole Proprietorship)

Business Entity Documents

Certificate of Formation, Certificate of Filing, Company Operating Agreement

Goverment-Issued Photo ID

This can be a driver’s license, state ID or U.S military ID for each account signer

Business Information

Business physical address

Minimum Opening Deposit

You’ll need to make an initial deposit of $1,000 or more

You may also need to bring state certificate filings, Entity meeting minutes authorizing signers.

Documentation may vary depending on your type of business.

Experience the Frost difference

At our core, we're just people helping people.
We're passionate about supporting your financial goals, keeping your money accessible, and offering help when you need it.

Real human support

Here for you all day. And all night. Don’t let your financial questions or concerns make you lose sleep. Give us a call 24/7 at (866) 376-7889.

Easy access to your money

Enjoy fee-free ATM withdrawals at H-E-B and Circle K locations statewide, plus CVS and Walgreens stores in Dallas and Tarrant County.

Providing peace of mind

Our technology and security tools like freezing your card in the app or customizing debit card alerts are designed to help you feel more in control of your own money.

Still not sure which is the best account for you?

We’ve put some key details into an easy-to-use chart.

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