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CommunityBank of Texas Review

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CommunityBank of Texas Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


CommunityBank of Texas started in 1926 and its headquarters are located in Beaumont, Texas. CommunityBank of Texas has assets of $3 billion as well as $3 billion in deposits, classifying it as a large bank. CommunityBank of Texas lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 4.1 stars out of 5, CommunityBank of Texas should be solidly in contention for your choice of bank. CommunityBank of Texas provides customers with a full choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, CommunityBank of Texas's ordinary checking account does not have a monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same bank is the best bet for gaining the most income from your deposits alongside 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

CommunityBank of Texas has a savings rate of 0.05%, which is fair as compared against the national average. CommunityBank of Texas's one-year and five-year term lengths CDs earn at a rate of 0.65% and 1.00%, respectively, while its highest-yielding money market account has a rate of 0.13%. Given CommunityBank of Texas's below average savings rate, you should consider choosing another bank to earn more on your deposits.

How CommunityBank of Texas's Savings Rates Compare

CommunityBank of Texas Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

CommunityBank of Texas generally has low fees as compared against the national average. With no monthly fee, CommunityBank of Texas's checking account is ideal for people who want an easy banking experience. For those who visit the ATM often, it is fair because it has an out-of-network ATM fee of $2.00, which is reasonable compared to other U.S. banks. Additionally, at $30.00, CommunityBank of Texas has a noticeably lower overdraft fee compared to the average U.S. overdraft fee. CommunityBank of Texas doesn't refund out-of-network ATM charges, meaning you will need to locate a CommunityBank of Texas ATM or eat the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

CommunityBank of Texas is a brick-and-mortar bank, with 33 total branches in Texas. It also offers access to mobile and web apps for straightforward access and banking on the go. CommunityBank of Texas receives fair marks from users for its mobile app. With 59 ratings on both iOS and Android platforms, the CommunityBank of Texas mobile app rates a 3.9 out of 5 (compared to the national average of 3.8). CommunityBank of Texas's mobile app allows you to manage your finances by checking account balances, sending and receiving funds and reaching support representatives. CommunityBank of Texas gets an excellent consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

CommunityBank of Texas ranks as a large bank and manages assets totaling $3 billion and deposits totaling $3 billion. Its Texas Ratio is 1.93%, denoting a negligible chance of failure. Additionally, CommunityBank 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

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 CommunityBank of Texas to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 24 Month: 0.90% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.00% APY
$1000 for all terms
Money Market Account 0.075% APY $2500

CommunityBank of Texas offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. CommunityBank of Texas 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. CommunityBank of Texas's CD rates are fair in comparison to the national average.

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Find a CommunityBank of Texas Near Me

CommunityBank of Texas has 33 physical branches in the U.S.

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