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Citizens State Bank Review

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Citizens State Bank Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Citizens State Bank was founded in 1925 with its headquarters in Somerville, Texas. It owns assets of $526 million along with deposits totaling $468 million, classifying it as a medium-size bank. Citizens State 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 offerings. We ranked the bank at a 4.2 out of 5 stars, suggesting Citizens State Bank is a great choice and should warrant serious consideration. Citizens State Bank has a variety of banking products, including savings accounts, checking accounts, money market accounts and CDs. Citizens State Bank has a fair savings rate compared to the average savings account. Finding a bank with no-fee checking and a high savings APY is the best option for accruing the highest income from your deposits while having 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 0.35%, Citizens State Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 1.91% and the five-year CD has a rate of 3.03%, while its highest-yielding money market account has a rate of 0.35%. Given Citizens State Bank's below average savings rate, you should think about other options to earn more on your deposits.

How Citizens State Bank's Savings Rates Compare

Citizens State Bank Savings 0.35 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Citizens State Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

Citizens State Bank is a brick-and-mortar bank, with six total branches in Texas. With mobile and web apps, Citizens State Bank makes account access convenient, even on the go. Citizens State Bank's online and mobile banking services receive moderate feedback from customers. The Citizens State Bank mobile app is rated at 3.9 out of 5 (with 7 reviews on iOS and Android) compared to the national average of 3.8. You can utilize Citizens State Bank's mobile app to control your funds by reviewing current statements, transferring money and reaching customer service. Citizens State Bank gets an exceptional consumer satisfaction score due to comparatively few complaints reported 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

Citizens State Bank ranks as a medium-size bank and handles $526 million in assets and $468 million in deposits. It has a strong Texas Ratio of 14.36%, signifying that the bank is in fine financial condition and far from failure. Additionally, Citizens State 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 Citizens State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $200
Checking Account 0.15% APY $1500
Certificates of Deposit
  • 12 Month: 1.91% APY
  • 24 Month: 2.07% APY
  • 36 Month: 2.47% APY
  • 48 Month: 2.83% APY
  • 60 Month: 3.03% APY
$1000 for all terms
Money Market Account 0.35% APY $2500

Citizens State Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Citizens State Bank 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. Citizens State Bank's CD rates are fair in comparison to the national average.

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Find a Citizens State Bank Near Me

Citizens State Bank has six physical locations across the U.S.

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