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Citizens State Bank (TX) Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Citizens State Bank Savings
0.54% APY

Overview

Our Rating: 4.6/5 How we calculated this rating

Started in 1925, Citizens State Bank has $915 million in assets along with $796 million in deposits, making the institution a medium-size bank. Citizens State Bank, whose headquarters are in Buffalo, Texas, does not have the access to customer service other banks offer. It is a traditional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile presence. Overall, Citizens State Bank is an outstanding bank that you should seriously consider at a score of 4.6 out of 5 stars from our team. 

Citizens State Bank provides customers with a full selection of banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Perfect for those who have extra money to save, Citizens State Bank's savings account APY is extremely competitive. If you're looking for a checking account for everyday use, Citizens State Bank's ordinary checking account does not have a monthly fee. Opening both checking and savings accounts in one place can be ideal for getting the largest interest rates on your money while retaining convenient access to your funds.

Service Quality

Citizens State Bank is a brick-and-mortar bank, with nine total branches in Texas. With mobile and web apps, Citizens State Bank makes mobile banking straightforward, even on the go.  

Citizens State Bank receives reasonably high praise from users for its online presence: with 15 customer reviews on iOS and Android platforms, the Citizens State Bank mobile app rates a 3.8 out of 5 (compared to the national average of 3.8). Citizens State Bank's mobile app allows you to control your funds by looking at monthly statements, sending and receiving funds and reaching customer service. Citizens State Bank receives an excellent consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.54% APY $100 Compare Offers
Certificates of Deposit
  • 12 Month: 1.92% APY
  • 24 Month: 2.02% APY
  • 36 Month: 2.12% APY
  • 48 Month: 2.22% APY
$1,000 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.19% APY
  • 25K tier: 0.26% APY
  • $1,000
  • $25,000
Compare Offers
Checking Accounts 0.25% APY $1,000 Compare Offers

Citizens State Bank offers several deposit products including savings accounts, checking accounts and CDs, meaning you have many options to manage your money. Its savings account has an outstanding interest rate, perfect for those who want to save toward a long-term goal. 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 stellar compared to other U.S. banks. 

Rates

Citizens State Bank features a savings rate of 0.54%, which is extremely high compared to other U.S. banks. Citizens State Bank's one-year CD has a rate of 1.92%, while its highest-yielding money market account earns at a rate of 0.26%. Given that Citizens State Bank boasts an excellent savings rate, Citizens State Bank's savings account can be used to prepare toward a key life event such as paying off loans.

Compare Citizens State Bank to Other Competitive Offers

Fees

On average, Citizens State Bank charges its customers extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. For those who use cash often, it is solid because it offers ATM fee of $1.00, which is solid compared to other U.S. banks. Additionally, at $30, it has a markedly lower overdraft fee compared to the national average, making it perfect for those who don't check their balance often. Citizens State Bank  doesn't refund ATM fees meaning you'll be required to find a Citizens State Bank ATM or accept the fee.

Financial Health

Citizens State Bank is currently a medium-size bank and has $915 million in assets as well as $796 million in deposits. Citizens State Bank has an excellent Texas Ratio of 3.50%, denoting that Citizens State Bank is in superb financial health and exceedingly 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.

Find a Citizens State Bank Near Me

Citizens State Bank has nine physical branches across the U.S.

 

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