Industry State Bank is still offering their short term and long term certificate of deposit accounts with the best interest rates. For you to earn this highest CD rates, you will have to deposit a minimum of $500 to open an account. This money in the bank deal has the following current CD rates:

• 6 months          1.16% APY
• 12 months        1.31% APY
• 18 months        1.51% APY
• 24 months        1.61% APY
• 36 months        1.87% APY
• 48 months        2.07% APY
• 60 months        2.48% APY

In case you decide to take out some money out of your account, penalty will be applied on your CD account. For instance, if your CD is less than 12 months term then the penalty is equivalent to 3 months of interest. While for CD’s that has more than 12 months for its term then the penalty is equivalent to 6 months of interest. You are given a 10 day grace period to decide if you want to renew your certificate of deposit since the bank will automatically renew the account after it matures. Take note that the interest rates listed above is subject to change anytime without prior notice.

It seems that you will have to visit the bank to open an account. After opening your CD account, you have the privilege to manage your account by enrolling to online banking. You can also call the bank’s customer service line if you still have questions with regard to your CD account and current interest rates thru 979-357-4437.

The bank has 3 branches located in the cities of Industry, Columbus and New Ulm in the state of Texas.

Industry State Bank has been in business since 1911. They have grown to have over $381 million in assets. The bank is also insured by the Federal Deposit Insurance Corporation with certificate number 12506.