NexBank headquartered in Texas is pushing for their best cd rates. The top cd rates can be enjoyed by opening a CD account for at least $10,000:
- 12 months 1.55% APY
- 18 months 1.75% APY
- 24 months 2.00% APY
The current cd rates they offer for the 24-month certificate of deposit may not be the highest cd rates in the market but it has a very nice bump feature. This allows consumers to top up their CD with $10,000 more once a year and get the best interest rate the bank offers.
NexBank offers an online application for their CDs as well as their other savings products. However, this appears to be a local offer as there it seems to be limited to Texas.
NexBank has branches in Plano and Dallas in Texas.
NexBank is FDIC insured.