Deposit Products > Certificate of Deposit

A Certificate of Deposit is a non-negotiable, interest-bearing instrument with which a customer promises to keep his funds on deposit for a specified length of time, thereby earning a guaranteed rate of return. Schertz Bank & Trust offers fixed rate, simple interest CDs for different terms and rates. CDs are automatically renewable. Different rates are offered for Jumbo CDs ($100,000.00 or more).

Regular CDs
Jumbo CDs

Regular CDs
Three month CD

• Automatically renewable
• Interest paid at term only
• Penalty for early withdrawal is an amount equal to one month’s interest.
• Redeemable on day of maturity or within 10 days after without penalty

Six month CD

• Automatically renewable
• Interest paid at term only
• Penalty for early withdrawal is an amount equal to one month’s interest.
• Redeemable on day of maturity or within 10 days after without penalty

Twelve month CD

• Automatically renewable
• Interest paid monthly, quarterly, semi-annually, or annually.
• Penalty for early withdrawal is an amount equal to three month’s interest.
• Redeemable on day of maturity or within 10 days after without penalty

Eighteen month CD

• Automatically renewable
• Interest paid monthly, quarterly, semi-annually, or annually.
• Penalty for early withdrawal is an amount equal to three month’s interest.
• Redeemable on day of maturity or within 10 days after without penalty

Contact our New Accounts Department for further information on terms, rates, interest payments, and penalties on regular CDs.

Jumbo CDs

• Simple interest – computed as Rate X Balance = interest for one year
• Terms up to twelve months – interest is paid monthly, quarterly, semi-annually
• Term – Add back to CD, deposited to an account, or Cashier’s Check.
• Penalties – One month’s interest for one, three, or six month CD and three month’s interest for twelve month CD

Contact our New Accounts Department for further information on terms, rates, interest payments, and penalties on Jumbo CDs.