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Commercial Bank of Texas 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
Commercial Bank of Texas Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Commercial Bank of Texas first started operating in 1901 and has its headquarters in Nacogdoches, Texas. It handles assets of $672 million as well as $597 million in deposits, which makes it a medium-size bank. Commercial Bank of 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 access to service representatives at a physical location, in addition to its online and mobile apps. On the whole, Commercial Bank of Texas is a solid contender in your bank search, with a score of 4.4 stars out of 5 from the SmartAsset experts. Commercial Bank of Texas offers a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Commercial Bank of Texas offers an option without a monthly fee. Locating a bank with no-fee checking and a high interest rate savings account is your best bet for gaining the highest income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.7
SmartAsset Average: 3.5

With a savings rate of 0.15%, Commercial Bank of Texas ranks poorly in comparison to the national average. Its one-year CD has a rate of 1.75% and the five-year CD has a rate of 2.22%, while its highest-yielding money market account has an APY of 0.30%. Given Commercial Bank of Texas's noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Commercial Bank of Texas's Savings Rates Compare

Commercial Bank of Texas Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Commercial Bank of Texas charges customers extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Commercial Bank of Texas does not reimburse out-of-network ATM charges, which means you will be required to find a Commercial Bank of Texas ATM or pay the ATM charge.

Monthly Fee $0 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

4.3
SmartAsset Average: 3.7

Commercial Bank of Texas is a brick-and-mortar bank, with 19 total bank locations in Texas. With mobile and web apps, Commercial Bank of Texas makes mobile banking convenient, even on the go. Commercial Bank of Texas gets great feedback from users for its online presence. The Commercial Bank of Texas mobile app scored a 4.6 out of 5 (out of 300 ratings on Apple and Android) compared to the national average of 3.8. Commercial Bank of Texas's mobile app allows you to manage your bank accounts by reviewing monthly statements, transferring funds and reaching customer service. Commercial Bank of Texas gets a superb consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.6
SmartAsset Average: 4.8

Commercial Bank of Texas ranks as a medium-size bank owning assets totaling $672 million as well as $597 million in deposits. Commercial Bank of Texas's Texas Ratio is 8.19%, signifying a tiny likelihood of failure. Additionally, Commercial Bank of Texas is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

8.19%
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 Commercial Bank of Texas to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $2000
Checking Account 0.15% APY $2500
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 1.86% APY
  • 36 Month: 2.02% APY
  • 48 Month: 2.17% APY
  • 60 Month: 2.22% APY
$1000 for all terms
Money Market Accounts 0.2% APY 0.3% APY $10000 $15000

Commercial Bank of Texas has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Commercial Bank of Texas does not have the best savings rate, which means you should think about 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. Commercial Bank of Texas's CD rates are fair as compared against the national average.

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Find a Commercial Bank of Texas Near Me

Commercial Bank of Texas has 19 locations across the U.S.

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