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American Momentum Bank Review

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American Momentum Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 2006, American Momentum Bank has $1 billion in assets as well as $842 million in deposits, which makes the institution a medium-size bank. American Momentum Bank, whose headquarters are in College Station, Texas, lacks premium access to support representatives, 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. We gave the bank a 4.3 stars out of 5, suggesting American Momentum Bank is a solid contender in your bank search. American Momentum Bank has a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, American Momentum Bank's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are your best bet for gaining the most income on your deposits alongside convenient 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

With a savings rate of 0.25%, American Momentum Bank ranks poorly in comparison to the national average. Its one-year and five-year term lengths CDs earn at a rate of 2.02% and 2.53%, respectively, while its highest-yielding money market account has a rate of 0.20%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.

How American Momentum Bank's Savings Rates Compare

American Momentum Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

American Momentum Bank has typically extremely low fees compared to the average U.S. bank. American Momentum Bank's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. American Momentum Bank unfortunately doesn't refund out-of-network ATM charges, which means you will need to find an American Momentum Bank ATM or pay the withdrawal fee.

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

American Momentum Bank is a brick-and-mortar bank, with 17 total bank locations in Florida and Texas. It also offers access to mobile and web apps for simple access and banking on the go. American Momentum Bank's online and mobile banking platforms receive fair feedback from users. Out of 11 ratings across both iOS and Android platforms, the American Momentum Bank mobile app rates a 3.6 out of 5 (compared to the national average of 3.8). You can utilize American Momentum Bank's mobile app to manage your funds by checking current statements, sending and receiving money as well as accessing customer service. American Momentum Bank receives an excellent consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

American Momentum Bank is a medium-size bank owning assets totaling $1 billion as well as deposits totaling $842 million. American Momentum Bank has a strong Texas Ratio of 12.55%, indicating a small chance of failure. Additionally, American Momentum Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 American Momentum Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 2.02% APY
  • 24 Month: 2.15% APY
  • 36 Month: 2.28% APY
  • 48 Month: 2.40% APY
  • 60 Month: 2.53% APY
$1000 for all terms
Money Market Account 0.2% APY $1

American Momentum Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. American Momentum Bank does not have the best savings rate, which means you should think about other options 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. American Momentum Bank's CD rates are fair in comparison to the national average.

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Find a American Momentum Bank Near Me

American Momentum Bank has 17 locations in the U.S.

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