Money you'll need soon belongs in savings. Money you can set aside for years should be earning at its full potential. We'll help you figure out which is which — then open the right account in minutes.
When will you need the money?
Your money stays within reach
The fee is waived any quarter your balance stays at or above $200
Right for: Emergency funds and everyday saving — start with $100
Pick a date. Lock in the rate.
No monthly service charge, ever
Right for: Money with a job but no deadline — tuition in three years, a down payment in five
Future you says thanks
No monthly service charge
Right for: Retirement savings with real tax advantages — on top of any workplace plan
Bigger balance, better rate. That's the deal.
Waived with a $5,000 average daily balance
Right for: $500+ sitting in checking that should be earning more
Same bank, same FDIC insurance — the difference is how long you can set the money aside. As published on the Savings / CDs / IRAs Comparison Chart.
| Account | Personal Savings | Certificate of Deposit | Individual Retirement Account | Personal Money Market |
|---|---|---|---|---|
| Monthly fee | $3 or $0The fee is waived any quarter your balance stays at or above $200 | $0No monthly service charge, ever | $0No monthly service charge | $10 or $0Waived with a $5,000 average daily balance |
| Minimum opening deposit | $100 | $2,500 | $1,000 variable / $2,000 fixed | $500 |
| Monthly service charge | $3 if avg daily balance under $200 that month | $0 | $0 | $10 or $0* |
| Minimum daily balance to earn interest | $100 | $2,500 | No minimum | $5,000 to waive the fee; tiers set the rate |
| Interest rate type | Variable | Fixed for the term | Variable or fixed | Variable, tiered |
| Interest compounding | Quarterly | Monthly | Quarterly | Monthly |
| Statement cycle | Quarterly | N/A | N/A | Monthly |
| Access to funds | Withdraw anytime (limits apply) | At maturity — early-withdrawal penalty applies | At maturity — early-withdrawal penalty may apply | Withdraw anytime (limits apply) |
| Open | Open | Talk to a banker | Open |
Early withdrawal penalties may apply to CDs and IRAs. *Advertised APYs reflect the highest available rate tier and may require qualifying balances or activity. Variable rates may change after account opening. Contact Texas Gulf Bank at 1-800-467-7216 for a Truth-In-Savings / Reg DD disclosure of terms, conditions, fees, and rate information.
The perk our best customers don't know they have
Triple tax advantage for medical expenses
Tell a Branch Banking Specialist what the money is for and when you'll need it. They'll point you to the right account — and tell you honestly if it's one you don't need.
Prefer to talk it through? 800.467.7216
