Established in 2001, Bank of Brenham has $352 million in assets and deposits totaling $313 million, classifying it as a small bank. Bank of Brenham, whose headquarters are in Brenham, Texas, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.3 stars out of 5, Bank of Brenham is a great choice and should warrant serious consideration. Bank of Brenham has a full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Bank of Brenham has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Bank of Brenham offers an option without a maintenance or monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is your best bet for getting the most income on your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Bank of Brenham has a savings rate of 0.54%, which is poor compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.92% and 2.33%, respectively, while its highest-yielding money market account earns at a rate of 0.26%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.
How Bank of Brenham's Savings Rates Compare
Bank of Brenham charges customers extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. For those who frequent the ATM, it is ideal because it has no out-of-network ATM fees. Bank of Brenham unfortunately doesn't refund out-of-network ATM fees, meaning you will be required to search for a Bank of Brenham ATM or eat the fee.
Bank of Brenham is a brick-and-mortar bank, with one total bank locations in Texas. With mobile and web apps, Bank of Brenham makes account access straightforward, even on the go. Bank of Brenham's mobile app lets you control your funds by reviewing account balances, sending and receiving funds as well as accessing customer service. Bank of Brenham receives an exceptional consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Bank of Brenham ranks as a small bank with $352 million in assets and $313 million in deposits. Its Texas Ratio is 1.51%, denoting that Bank of Brenham is in superb financial shape and far from failure. Additionally, Bank of Brenham 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.Back to Overview
Compare Bank of Brenham to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.54% APY||$100|
|Checking Account||0.25% APY||$100|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.19% APY||$1000|
Bank of Brenham has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Bank of Brenham does not have the best savings rate, which means you should think about taking a look 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. Bank of Brenham's CD rates are fair compared to the national average.Back to Overview
Find a Bank of Brenham Near Me
Bank of Brenham has one physical locations in the U.S.Back to Overview