Frost Bank
Frost Bank 1 Year CD Rates
| Type | Fixed |
| Rate | 1.04% |
| Currency | USD |
Website: https://www.frostbank.com
Authority: Since 1868 with 148 branches in Texas and is a leading Texan bank.
How to open a Frost Bank Certificate of Deposit:
You currently cannot open an account for you online, but are happy to help by phone or in person.
It suggests to talk to a Frost Banker - Monday - Friday from 8am to 7pm (9am to 2pm on Sat) on (866) 376-7889
If you cannot reach them directly, on their website at https://www.frostbank.com where you can request a call back or email.
Minimum requirements to provide to open up a Frost Bank 1yr CD
On the website it asks you to have
- a social security number,
- government issued photo ID and a
- minimum opening deposit of $1000.
Please note that you may also have to visit a physical branch with nearest locations available on the website.
Information on Frost Bank 1 Year CD Rates:
When considering a 1 Year investment in a CD from Frost Bank that can be impacted on a few factors.
Consider that in its 2017 annual report from Frost bank’s that saving/checking made up 42%, MMA 50% and time deposits (CDs) made up around 5%. In addition to deposits, its primary source of short-term borrowings is from federal funds that are purchased from correspondent banks and repurchase agreements as well as from upstream banks. So core deposits provide a stable funding source in the short, medium and long term to fund loan growth and often can be cheaper and stable source of funding than borrowings.
Its corresponding rates for a Frost Bank CD rate can be dependent on a number of factors with the most important set from the policy decisions set by the Federal Reserve which can force them to raise or decrease rates for its customers. When Frost Bank sets its 1 year CD Rates higher or lower or the same, it considers the banks profitability (net interest margin), not oompetiting and losing core deposits for loan growth as well as regulations on deposit ratios/requirements.
The displayed rate is requires a minimum of $100,000 balance, with deposits below $100,000 possibly being a different rate.
The rate of 1.04% is 0.35% lower than the average 1.39%. Also it is 3.61 % lower than the highest rate 4.65 Updated Mar, 2022
Website: https://www.frostbank.com
Authority: Since 1868 with 148 branches in Texas and is a leading Texan bank.
How to open a Frost Bank Certificate of Deposit:
You currently cannot open an account for you online, but are happy to help by phone or in person.
It suggests to talk to a Frost Banker - Monday - Friday from 8am to 7pm (9am to 2pm on Sat) on (866) 376-7889
If you cannot reach them directly, on their website at https://www.frostbank.com where you can request a call back or email.
Minimum requirements to provide to open up a Frost Bank 1yr CD
On the website it asks you to have
- a social security number,
- government issued photo ID and a
- minimum opening deposit of $1000.
Please note that you may also have to visit a physical branch with nearest locations available on the website.
Information on Frost Bank 1 Year CD Rates:
When considering a 1 Year investment in a CD from Frost Bank that can be impacted on a few factors.
Consider that in its 2017 annual report from Frost bank’s that saving/checking made up 42%, MMA 50% and time deposits (CDs) made up around 5%. In addition to deposits, its primary source of short-term borrowings is from federal funds that are purchased from correspondent banks and repurchase agreements as well as from upstream banks. So core deposits provide a stable funding source in the short, medium and long term to fund loan growth and often can be cheaper and stable source of funding than borrowings.
Its corresponding rates for a Frost Bank CD rate can be dependent on a number of factors with the most important set from the policy decisions set by the Federal Reserve which can force them to raise or decrease rates for its customers. When Frost Bank sets its 1 year CD Rates higher or lower or the same, it considers the banks profitability (net interest margin), not oompetiting and losing core deposits for loan growth as well as regulations on deposit ratios/requirements.
The displayed rate is requires a minimum of $100,000 balance, with deposits below $100,000 possibly being a different rate.
The rate of 1.04% is 0.35% lower than the average 1.39%. Also it is 3.61 % lower than the highest rate 4.65 Updated Mar, 2022
Type
Fixed
Rate
1.04%
Currency
USD