Plano-Based Beal Bank Enters the Online CD Market with Two Plano-Based Divisions » Dallas Innovates

Illustration: Andrey Suslov/iStock 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. “CDs have long been attractive to investors seeking secure, stable returns,” Beal enterprise COO Brent Lundberg said in a statement. “However, in the current rising interest-rate environment, we want to also attract investors who may not have considered CDs in the past but are now looking for solid returns at low risk. Our current offering and online system make it easy for all investors to open a CD account at a great rate and manage the account online.” The bank says all deposits through both divisions are insured up to applicable FDIC limits. Get on the list. Dallas Innovates, every day. Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day. READ NEXT Plano ISD partners with Capital One for the Savings Success program to take some of the myths out of money and turn them into financial facts. In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from UTD’s Center for Brainhealth, DART, Enseo, LiquidAgents/StaffDNA, Alpine Advanced Materials, Runway Growth Capital, Optic Gaming, Dallas Thrives, Downtown Dallas Inc., TechGenies, Kainos Capital, Texas Motor Speedway, and more. Bank of America has donated nearly $4 million to North Texas nonprofits this year, including local food banks and two 2022 Bank of America Neighborhood Builder® awardees. Topgolf, the golf entertainment company based in Dallas, has launched its largest-ever global brand campaign. Inviting everyone to “Come Play Around,” the campaign includes this 60-second spot that shows everyone from a priest to long-bearded bikers to an Afro-topped karate kicker getting their swing on at a Topgolf venue. “We’re making the game of golf more inclusive and open for all to enjoy,” said Chief Brand Officer Geoff Cottrill, “and this campaign celebrates different people and personalities from all over the world coming together and enjoying a little golf… and a little of our ‘not golf.'” Led by New York-based agency… Paul Quinn College President Michael Sorrell has a vision for a global network of Urban Work Colleges that take aim at intergenerational poverty and “smash it.” The first one opened in Plano in 2018. Accepting a leadership award from the Collin County Business Alliance, Sorrell asked his staff and students to stand up. why? Because “they’re going to come see you and talk to you about hiring students to work at your companies,” Sorrell told the audience filled with local business leaders. “And I want everyone to practice this with me: ‘Yes.’

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