BTH Bank Review

BTH Bank Savings

0.03% APY

BTH Bank started in 1914 with headquarters in Quitman, Texas. BTH Bank owns $2 billion in assets and deposits totaling $1 billion, which makes it a large bank. BTH Bank lacks premium access to support representatives, with no options of live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.4 stars out of 5, BTH Bank proves it is a solid contender in your bank search. 

BTH Bank has a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs and mortgage products. BTH Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, BTH Bank's most basic checking account does not have a monthly charge. Why keep checking and savings accounts with one bank? Fast transferring between both accounts translates to higher interest rates in your savings account with the versatility of spending from your checking.

Service Quality

BTH Bank is a brick-and-mortar bank, with 13 total branches in Texas. It also offers access to mobile and web apps for easy access and banking on the go.  

BTH Bank's online and mobile banking platforms receive moderate marks from customers: out of 99 customer reviews on Apple and Android platforms, the BTH Bank mobile app has an overall rating of 3.9 out of 5 (compared to the national average of 3.8). You can utilize BTH Bank's mobile app to manage your bank accounts by looking at current statements, sending and receiving money as well as reaching support representatives. BTH Bank gets an exceptional consumer satisfaction rating based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency. 

Products Offered

BTH Bank has several deposit products which include savings accounts, checking accounts, money market accounts and CDs, giving you many options to manage your money. It does not have the best savings rate, which means you should think about looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. BTH Bank's CD rates are great in comparison to other U.S. banks.

Rates

BTH Bank features a savings rate of 0.03%, which is fair compared to other U.S. banks. BTH Bank's 12 month CD has a rate of 0.555% and the 24 month CD has a rate of 0.55%, while its traditional money market account earns at an APY of 0.03%. Given BTH Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

Fees

BTH Bank has typically low fees as compared against the national average. With no monthly fee, BTH Bank is perfect for people who want a simple checking account. BTH Bank reimburses any incurred ATM fees (with conditions), making finding an ATM a free and convenient process.

Financial Health

BTH Bank is a large bank owning assets totaling $2 billion as well as deposits totaling $1 billion. Its Texas Ratio is 3.50%, suggesting that the bank is in excellent financial well-being and very unlikely to fail. Additionally, BTH Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a BTH Bank Near Me

BTH Bank has 13 physical branches across the U.S.