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First Texas Bank Review

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First Texas Bank Savings
0.12% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1898, First Texas Bank has assets totaling $631 million along with deposits totaling $575 million, which makes it a medium-size bank. First Texas Bank, whose headquarters are in Georgetown, Texas, has above-average access to customer service with all-day support available, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.4 stars out of 5, First Texas Bank proves it is a solid contender in your bank search. First Texas Bank offers a diverse array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, First Texas Bank offers an option without a monthly fee. Finding an institution with no-fee checking, in addition to a high savings APY is your best option for getting the highest income on your deposits while maintaining 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

First Texas Bank has a savings rate of 0.12%, which is poor in comparison to the national average. Its one-year CD earns at a rate of 0.60%, while its highest-yielding money market account has a rate of 0.12%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How First Texas Bank's Savings Rates Compare

First Texas Bank Savings 0.12 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Texas Bank charges customers extremely low fees compared to the national average. First Texas Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. First Texas Bank does not reimburse out-of-network ATM charges, meaning you'll have to find a First Texas Bank ATM or pay the withdrawal fee.

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

SmartAsset Average: 3.7

First Texas Bank is a brick-and-mortar bank, with eight total bank locations in Texas. With mobile and web apps, First Texas Bank makes account access convenient, even on the go. It has access to all-day access to representatives. First Texas Bank's online and mobile banking platforms get fair scores from customers. The First Texas Bank mobile app has been given a 3.9 out of 5 (with 9 reviews on Apple and Android) compared to the national average of 3.8. First Texas Bank's mobile app allows you to manage your funds by checking account balances, transferring funds and reaching support representatives. First Texas Bank gets a superb consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government 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

First Texas Bank is a medium-size bank with $631 million in assets as well as deposits totaling $575 million. Its Texas Ratio is 0.00%, indicating a low likelihood of failure. Additionally, First Texas Bank 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 First Texas Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.12% APY $100
Checking Account 0.05% APY $1500
Certificates of Deposit
  • 12 Month: 0.60% APY
$1000 for all terms
Money Market Account 0.05% APY $1

First Texas Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First Texas Bank does not have the best savings rate, which means you should consider 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. First Texas Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a First Texas Bank Near Me

First Texas Bank has eight locations in the U.S.

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