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Ciera Bank Review

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Ciera Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Ciera Bank was founded in 1889 with its headquarters in Graham, Texas. It manages assets of $547 million along with $471 million in deposits, which makes it a medium-size bank. Ciera Bank lacks premium access to customer service, with no live chat or all-day service options available. 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. With a commendable 4.1 out of 5 stars, Ciera Bank proves it is a respectable bank that gets the job done. Ciera Bank provides customers with a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Ciera Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product has a $3.00 monthly fee, which is acceptable in comparison to the average U.S. bank. Banks that offer no-fee checking, in addition to a high savings APY are your best bet for gaining the most income on your deposits while maintaining easy access to your funds.

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 0.20%, Ciera Bank ranks poorly compared to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 2.52% and 3.55%, respectively, while its highest-yielding money market account earns at a rate of 0.35%. Given Ciera Bank's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How Ciera Bank's Savings Rates Compare

Ciera Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Ciera Bank has typically high fees compared to other U.S. banks. At $3.00/month, Ciera Bank is less than the best product for people who want a basic checking account. Ciera Bank doesn't reimburse out-of-network ATM fees, meaning you'll need to locate a Ciera Bank ATM or pay the cost of withdrawal.

Monthly Fee $3.00 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

Ciera Bank is a brick-and-mortar bank, with eight total bank locations in Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Ciera Bank's online and mobile banking platforms receive moderate scores from users. With 16 ratings on both iOS and Android platforms, the Ciera Bank mobile app is scored at 3.9 out of 5 (compared to the national average of 3.8). Ciera Bank's mobile app lets you manage your funds by reviewing account balances, sending and receiving funds and reaching support representatives. Ciera Bank gets an exceptional consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Ciera Bank is a medium-size bank owning assets totaling $547 million as well as deposits totaling $471 million. Ciera Bank's Texas Ratio is 5.67%, indicating a small likelihood of failure. Additionally, Ciera 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 Ciera Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $1
Checking Account 0.2% APY $100
Certificates of Deposit
  • 12 Month: 2.52% APY
  • 24 Month: 2.93% APY
  • 36 Month: 3.14% APY
  • 48 Month: 3.29% APY
  • 60 Month: 3.55% APY
$1000 for all terms
Money Market Account 0.35% APY $10000

Ciera Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Ciera Bank does not have the best savings rate, which means you should consider 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. Ciera Bank's CD rates are fair compared to other U.S. banks.

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Find a Ciera Bank Near Me

Ciera Bank has eight branches across the U.S.

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