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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 was founded in 1926 and has its headquarters in Beaumont, Texas. It manages assets of $3 billion and $3 billion in deposits, making it a large bank. CommunityBank of Texas lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked the bank at a 4.1 stars out of 5, suggesting CommunityBank of Texas is a respectable bank that you should consider. CommunityBank of Texas provides customers with a complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, CommunityBank of Texas offers an option without a maintenance or monthly fee. Banks that offer no-fee checking as well as a high interest rate savings account are your best bet for returning the highest income on your deposits alongside 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

CommunityBank of Texas features a savings rate of 0.05%, which is fair in comparison to the average U.S. bank. CommunityBank of Texas's one-year CD has a rate of 0.65% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account has an APY of 0.13%. Given CommunityBank of Texas's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

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

On average, CommunityBank of Texas charges its customers low fees compared to other U.S. banks. CommunityBank of Texas's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $2.00, which is reasonable as compared against the national average. Also, CommunityBank of Texas has an overdraft fee of $30.00, which is considerably less than the national average. CommunityBank of Texas does not refund out-of-network ATM fees, meaning you will need to search for a CommunityBank of Texas ATM or eat the cost of withdrawal.

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 an easy mobile-banking experience. CommunityBank of Texas gets fair reviews from customers for its online presence. The CommunityBank of Texas mobile app has been given a 3.9 out of 5 (out of 59 ratings on Apple and Android) compared to the national average of 3.8. You can use CommunityBank of Texas's mobile app to control your finances by monitoring monthly statements, transferring funds as well as accessing customer service. CommunityBank of Texas receives an exceptional consumer satisfaction score based on comparatively few complaints brought 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 is a large bank owning assets totaling $3 billion as well as deposits totaling $3 billion. Its Texas Ratio is 1.93%, suggesting a negligible possibility 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 has 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 compared to the average U.S. bank.

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Find a CommunityBank of Texas Near Me

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

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