Business Certificates of Deposit
Partnering with CUTX empowers your business’ financial growth through customized Business CD solutions designed to maximize returns, protect your capital, and align with your short and long-term financial goals.
Open a Business
Certificate of Deposit
with CUTX!
Maximize your business funds with a CUTX Business CD — a secure, reliable investment option designed to deliver higher returns.
Ideal for businesses with funds that aren’t needed for immediate use, a Business CD allows you to invest for a fixed term while earning a competitive, guaranteed interest rate.
Build a Business CD Ladder
Enhance liquidity and returns by creating a Business CD ladder—investing in multiple CDs with staggered maturity dates.
This strategy allows your business to access funds at regular intervals while earning higher interest rates.
Maximize Earnings with a Business Checking Link
Link your CUTX Business CD to a qualifying CUTX Business Checking account to earn higher relationship rates.
Eligible accounts include: CUTX Business Checking1
Standard Business CD Rates by Term and Deposit Amount
With a minimum deposit of $10,000.00, get 4.25% Annual Percentage Yield (APY) * for 12 months
Rates are accurate as of and are subject to change.
No Penalty CD by Term and Deposit Amount
Invest without the risk! With this innovative account type, you can earn more in a shorter amount of time. Plus, there are no penalties for early withdrawal. 2
Boost Your Business Savings with a CD Account
Whether you're setting funds aside for three months or a few years, a Business Certificate of Deposit (CD) is a secure, reliable way to grow your business capital. Choose the term that fits your financial strategy and put your money to work with confidence.
- Interest Calculation: Interest is calculated using the daily balance method and compounded daily
- Early Withdrawal Penalties:
- These should align with the consumer penalty as outlined in the Business Account Fee Schedule and Rate Sheet
- Maturity Options: Upon maturity, you can choose to withdraw your funds, add more, or roll over into a new CD
- Boost Savings: Certificates earn more than most high interest savings accounts in Texas
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General Business Certificates of Deposit FAQs
How do I open a Certificate of Deposit?
Just make an appointment or visit your nearest Credit Union of Texas location. Our account specialists will help you choose which kind of CD you want to open and when you want your CD to mature. Then you fund your CD.
Can I add more money once I have opened the CD?
No. Once you have opened the CD you can't make additional deposits into it. You can open additional Certificate of Depost accounts with a savings strategy called CD Laddering. This can allow you to continually take advantage of the best CD rates in Dallas and the highest CD rates in Texas.
What is CD Laddering?
CD laddering is a smart savings strategy that helps business owners balance higher returns with regular access to funds. It involves dividing your investment across multiple Certificates of Deposit (CDs) with different maturity dates — for example, 6 months, 12 months, 18 months, and 24 months.
As each CD matures, you can either reinvest it into a new, longer-term CD to maintain your ladder or use the funds to support your business needs. This approach ensures that a portion of your savings becomes available at regular intervals while potentially earning better rates than a traditional savings account.
For business owners, CD laddering can help manage cash flow, plan for future expenses, and grow idle funds safely and strategically.
Can a CD have multiple owners?
Yes! A Certificate of Deposit (CD) can have multiple owners. This is especially helpful for business partners or co-owners who want shared access to funds in a secure, interest-earning account. All owners typically have equal rights to manage the CD, so it’s a smart option for businesses that need joint access to savings or reserves.
It’s important to carefully consider ownership roles and responsibilities, since all listed owners typically must agree on account actions or may have equal claim to funds. Always review account agreements and ownership structures to align with your business’s financial strategy and operational needs.
What happens when my CD matures?
Your CD will renew automatically, and you have a grace period of seven calendar days after renewal to withdraw your money without penalty.
How do I receive my CD interest?
It's all automatic. Interest is compounded every month. When your CD matures, you can roll the full amount into a new CD or withdraw some or all of the funds.
Why CUTX?
The stuff, loan team and customer service were very helpful throughout my car loan process. Credit Union of Texas was able to offer me the best rate available for my vehicle. I would highly recommended CUTX to all of my friends and family.
Abebe A.
Russell V.
I’ve been a member for almost 30 years, I can’t imagine banking anywhere else. You’re more than another account at CUTX, you’re a member, you’re a family.
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Download Business Account Schedule and Rate SheetWe're Here To Help
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2. You may withdraw all your money including dividend earned, without any penalties, any time after the first six (6) days following the date you funded your account. View the Business Account Fee Schedule and Rate Sheet document to see the penalties for early withdrawal and additional information.
*APY (Annual Percentage Yield) is accurate as of June 24, 2025. Your interest rate may change at any time and without notice. Opening deposit amounts must be with new funds and cannot be transferred from an existing CUTX account. Interest is earned on the average monthly collected balance per statement cycle. Interest rates are variable and subject to change. Dividends are paid on a monthly basis. Withdrawal restrictions apply. Fees could reduce earnings. Automatic or pre-authorized, digital/electronic, or telephone-initiated withdrawals are limited to a maximum of six (6) transactions per monthly statement cycle. Deposits, as well as ATM or in-person withdrawals at any of our branch locations are unlimited. For Business Money Market, a $20 service fee is assessed if the average monthly balance is less than $5,000. See CUTX Business Accounts Fee Schedule for more information.