A convenient and accessible way to save money, you may use statement savings on its own, linked to your Texas Exchange Bank ATM card or MasterCard® Debit card*! It is ideal for low transaction volume businesses.
*MasterCard® Debit card available only when combined with an eligible Checking Account, and subject to proper authorizations.** Monthly with EFT activity
Earn a money market rate on your account balances and enjoy the convenience of easy access to your account with our Business Money Market Account.
Our high yield money market account provides interest rate tiers, to maximize your return - the larger your balance, the higher the rate you receive on your funds.
Texas Exchange Bank’s Certificate of Deposits offer a guaranteed, higher interest rate with terms from 30 days to 5 years. The interest rate and annual percentage yield will not change for the term of the account.
Penalty for Early Withdrawal may apply.
The interest rate and annual percentage yield may change, at our discretion, at anytime.Please see Rates tab, at left, for our current rate offerings.
Refer to account terms and disclosures for further information and limitations ON ALL BUSINESS ACCOUNTS - please contact a New Accounts Representative for this document.
By federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category.
For more information, please visit www.fdic.gov/deposit/deposits/unlimited/expiration
To obtain more information on deposit insurance coverage and the level of protection that the insurance affords, please refer to the website address provided below:http://www.fdic.gov
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