bank rates

NexBank Restricts CD Sales To Texas

We learned today that NexBank is no longer accepting deposits from savers across the country and has dropped off of our CD Rates Leaderboard.

The bank, which has a single branch in Dallas, says its CDs are now limited to Texas residents.

NexBank had been sharing the national lead in 24-month CD rates with CIT Bank and Synchrony Bank.

NexBank first entered our national rankings back in 2012, when it also held the lead in 24-month returns.

After slashing rates in mid-2013, it began reappearing on our Leaderboard in 2014.

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