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Texas Star Bank Review

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Texas Star Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1890, Texas Star Bank has assets totaling $390 million as well as deposits totaling $342 million, which makes the institution a small bank. Texas Star Bank, whose headquarters are in Van Alstyne, Texas, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. SmartAsset has rated Texas Star Bank 4.2 out of 5 stars, which means it is a solid pick to be your bank. Texas Star Bank offers a full choice of banking products, including savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly maintenance charge. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best option for returning the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

Texas Star Bank has a savings rate of 0.15%, which is fair in comparison to the average U.S. bank. Texas Star Bank's CDs feature a rate of 0.30% and 1.41% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.15%. Given Texas Star Bank's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Texas Star Bank's Savings Rates Compare

Texas Star Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Texas Star Bank charges its customers extremely low fees compared to other U.S. banks. With no monthly fee, Texas Star Bank is perfect for those who want a basic checking account. Texas Star Bank does not reimburse out-of-network ATM fees, meaning you will have to locate a Texas Star Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Texas Star Bank is a brick-and-mortar bank, with eight total bank locations in Oklahoma and Texas. It also offers access to mobile and web apps for a simple mobile-banking experience. Texas Star Bank gets moderately decent feedback from customers for its mobile app. The Texas Star Bank mobile app has been given a 4.1 out of 5 (with 14 customer reviews on iOS and Android) compared to the national average of 3.8. Texas Star Bank's mobile app allows you to manage your bank accounts by monitoring account balances, transferring money as well as accessing support representatives. Texas Star Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Texas Star Bank ranks as a small bank with assets totaling $390 million and $342 million in deposits. Texas Star Bank's Texas Ratio is 2.25%, suggesting a low possibility of failure. Additionally, Texas Star Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Texas Star Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $150
Checking Account 0.05% APY $100
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.55% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.21% APY
  • 60 Month: 1.41% APY
$1000 for all terms
Money Market Account 0.15% APY $1500

Texas Star Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Texas Star Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Texas Star Bank's CD rates are fair compared to other U.S. banks.

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Find a Texas Star Bank Near Me

Texas Star Bank has eight physical locations in the U.S.

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