Save for the Future with a Certificate of Deposit
A Certificate of Deposit (i.e., CD) from State National Bank is a safe way to supplement your savings and receive an anticipated rate of return. If you have just $1,000 to put toward savings for a specific period of time, you can watch it reap the benefits that come from fixed interest rates and the backing of the FDIC. With a State National Bank CD, you have the option to have your interest deposited into an account or compounded into your CD. Additionally, we offer a variety of maturities on our CDs to give you options to help you build a stronger financial future.
State National Bank Certificate of Deposit Facts
- You will be paid a specified rate until CD maturity.
- The annual percentage yield (APY) assumes interest will remain on deposit until CD maturity.
- Interest begins to accrue on the business day you deposit noncash items (e.g., checks).
- You may not make withdrawals from or deposits to this account until the maturity date.
- Terms on existing CDs remain effective until the next maturity date.
Qualifications for our CDs:
In order to have a CD from State National Bank, you must meet the qualifications below. Be sure to reach out to an account representative for additional options.
- A minimum deposit of $1,000 is required to open a CD
- A minimum daily balance of $1,000 must be maintained in the CD each day to obtain the disclosed annual percentage yield
CD renewal policy & penalties
- Your CD will automatically renew at maturity. You will have (7) calendar days after the maturity date to withdraw funds without penalty. However, State National Bank may impose a penalty if you withdraw any of the deposited funds before the maturity date.
Contact us for additional information and take your first step toward growing your savings and a comfortable future!
What to know before you apply
If you are interested in opening a Certificate of Deposit, we are happy to help. Please stop by any one of our locations and bring these items:
- $1,000.00 to open the CD
- Two forms of valid United States identification
- Primary
- Driver's license
- Passport
- Social Security Number
- US Government ID Card
- US Military Identification
- Alien Registration Card
- Secondary
- Voter Registration Card
- Birth certificate
- State or local government ID
- Company ID
- Police ID
- Medical insurance card
- Proof of address if your driver's license does not match the address you provide
Contact us today!
An experienced member of our banking team will be there for you every step of your financial journey.