Certificates of Deposit (CDs)

What Is a Certificate of Deposit (CD)?

When you open a Certificate of Deposit, you receive a fixed interest rate higher than you would receive with a regular savings account. Each CD lasts for a set period of time, known as the term.

How Bank CD Accounts Work

To maximize your savings and get some of the best CD rates, choose a CD with the longest term that you can lock your money away for.

What Are the Benefits of a Fixed-Rate Savings Account?

The primary benefit of a fixed-rate CD is earning a higher interest rate than a regular savings account while still receiving FDIC coverage against a loss.

Choose From 6-Month, 9-Month, 12-Month CD Terms, or Longer.

You can choose how long you want to commit your savings. The longer the term of a CD, the higher your interest earnings will be. Based on when you might need the funds, you could opt for the longest term possible to get the best CD rates. We offer a 28-day promo CD and CDs with terms of 6 months, 9 months, 12 months, 36 months, and 60 months.

How To Open a CD Account with First Lonestar

To open a bank CD account in Frisco, Texas, Plano, McKinney, or North Dallas, fill out our online form, call us at 469.389.3660 or visit our branch in Frisco.

Why Choose First Lonestar?

At First Lonestar, we offer more than competitive CD rates. We believe in a long-standing relationship with a local banking team that you can trust. Our team prides itself on helping our neighbors make smart financial decisions with savings products that are safe, stable, and designed to support your long-term goals.

Frequently Asked Questions (FAQs)

What are your CD Rates?

You can find our most up-to-date CD rates on our Rates Page or call us.

What is the minimum deposit to open a CD at First Lonestar?

The minimum opening deposit is $2500.

How long can I lock in a CD term?

You can select from different terms. Depending on the term you choose, you will be locked in for that term.

What happens when my CD matures?

Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

Can I open a CD online?

Not at this time

What happens if I withdraw early?

We may impose a penalty if you withdraw any or all of the deposited funds before the maturity date. The fee will equal two months of interest, and the penalty will only be imposed on the amount withdrawn.

Can I add more money to a CD after opening it?

Deposits may not be made after the CD is opened before maturity; they may only be made after maturity during the 10-day grace period.

Are CD interest rates fixed or variable?

Interest rates are fixed.

How is interest paid?

Interest is compounded monthly and will be credited to the account monthly.

Get solid returns with a First Lonestar Bank Certificate of Deposit

With a Certificate of Deposit (CD), you receive the security of a savings account but earn more interest. Whether you're saving for a short-term goal or want a reliable rate of return, our CDs make it easy to maximize your savings. You earn a guaranteed return, your account is FDIC insured, and no monthly service fee.

If you'd like to open a CD account in Frisco, Texas and the North Dallas area, please contact us or visit our local branch. We also offer several types of savings accounts.

Open a CD Account in the North Dallas Area Today!

We're a neighborhood bank proudly serving Frisco, Plano, McKinney, Prosper, Carrollton, The Colony, Dallas and Fort Worth. Whether you're looking for a short-term CD or a fixed-rate savings account, our local team is here to help you earn more confidently.