personal savings options / frost certificate of deposit

Frost Certificate of Deposit Account

A Frost Certificate of Deposit, or CD, is a time account that pays a certain interest rate on a specific date in the future, called the maturity date. The longer you keep funds in a CD, the more likely you are to see a higher return at maturity.

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

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Certificate of Deposit account overview

A safe, reliable way 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 receive a fixed amount of interest in return. Frost CDs:

  • are backed by the security of Frost and FDIC insured up to $250,000 per depositor
  • are viewable online and through Frost Mobile Banking (if you have a Frost checking account)
  • may be used to waive monthly service charges for a Frost consumer checking account
  • may be used for Traditional and Roth IRAs

Higher rates worth your interest

With a Frost Personal CD, you can invest a fixed amount of money for a defined time and rate. And with higher interest rates across the board than the big banks, you get to enjoy a higher return.

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
2.70%
90 Day
0.03%
90 Day
2.25%
90 Day
2.51%
90 Day
3.00%
180 Day
0.03%
180 Day
2.50%
180 Day
0.21%
180 Day
3.35%
12 Month
0.03%
12 Month
3.00%
12 Month
0.31%
12 Month
3.45%
24 Month
0.03%
24 Month
2.02%
24 Month
0.41%
24 Month
$1,000 to $99,999.99
2.30%
90 Day
0.03%
90 Day
2.25%
90 Day
0.11%
90 Day
2.70%
180 Day
0.03%
180 Day
2.50%
180 Day
0.21%
180 Day
3.05%
12 Month
0.03%
12 Month
3.00%
12 Month
0.31%
12 Month
3.10%
24 Month
0.03%
24 Month
2.02%
24 Month
0.41%
24 Month


Data for Frost Bank provided by Frost Bank
Frost Annual Percentage Yield effective as of 12/05/2022. 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 11/30/2022

CD account additional features

  • The account will automatically renew at maturity
  • You will have 10 calendar days from the maturity date to withdraw your funds without being charged a penalty
  • Account details are viewable online and through the Frost App or Frost Online Banking (if you have a Frost checking account)
  • The balance in this account may be used to waive monthly service charges for a Frost Personal Account, Frost Plus Account or Frost Premium Account
  • Interest typically paid at maturity
  • Early Withdrawal Penalty: If you withdraw any funds prior to the maturity date, you may pay a penalty.

Here are a few ways to put your
Frost CD Account to good use.

When you’re saving with a CD, you’ll set the timeline when you open the account and won’t want to touch it until it’s matured. So it’s a great way to save for things like:

Preparing for the golden years

Supporting your kid’s education goals

Making progress on a 5-year plan

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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