Step Up

Enjoy the security of a CD with flexibility to step up your rate.

Step-Up Certificate of Deposit

If you're looking for a reliable way to increase your savings over time, a step-up Certificate of Deposit (CD) is an excellent choice. Grow your savings with the option to increase your interest rate.

Benefits and Features

A step-up CD offers the option to increase your interest rate over time. As a result, this is the simplest way to keep your CD at the most favorable rate. Plus, like a traditional CD, you will get higher interest rates than a traditional savings or money market account. Interested in step-up CDs from Bank of South Texas? We can help you choose the option that's right for you.

Up-to-Date Rates

Explore the current rates for step-up CDs, and discover the benefits of this safe and reliable way to save.

Month CD Offer*1 Rate APY
24 2.75% 2.78%
30 2.85% 2.88%
36 3.00% 3.03%
48 1.48% 1.49%

*1 - At your request, the initial interest rate on your account has a one-time step-up option within the 1st 24 months, if the bank’s 24-month non-promotional CD interest rate increases to a higher rate than the step-up option CD rate. At maturity, your 24-Month Step-Up CD will renew into the 24-Month non-promotional CD with no step-up option.

*2 - At your request, the initial interest rate on your account has a one-time step-up option within the 1st 30 months, if the bank’s 30-month non-promotional CD interest rate increases to a higher rate than the step-up option CD rate. At maturity, your 30-Month Step-Up CD will renew into the 30-Month non-promotional CD with no step-up option.

*3 - At your request, the initial interest rate on your account has a one-time step-up option within the 1st 36 months, if the bank’s 36-month non-promotional CD interest rate increases to a higher rate than the step-up option CD rate. At maturity, your 36-Month Step-Up CD will renew into the 36-Month non-promotional CD with no step-up option.

*4 - At your request, the initial interest rate on your account has a one-time step-up option within the 1st 48 months, if the bank’s 48-month non-promotional CD interest rate increases to a higher rate than the step-up option CD rate. At maturity, your 48-Month Step-Up CD will renew into the 48-Month non-promotional CD with no step-up option.

APY is effective as of 11/08/2022 and is subject to change without notice. $1.000.00 minimum opening deposit required to earn the annual percentage yield (APY). CDs may be subject to early withdrawal penalty. Fees could reduce earnings on accounts.