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Brent Lundberg
Illustration: Andrey Suslov/iStock
Plano-Based Beal Bank Enters the Online CD Market with Two New Divisions
by Dallas Innovates | Staff Report | Jan 25, 2023
Plano-based Beal Bank has entered the online CD market with two newly introduced divisions: UmbrellaBank.com and myCDbank.com. Targeting savings depositors and investors nationwide, the two divisions specialize in offering online-only certificates of deposit (CDs) with competitive rates. Each is currently featuring a 12-month CD at 4.65% APY with a $1,000 minimum deposit.
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They’ve all discovered that their next big idea might come from a college classroom....
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