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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 as well as $575 million in deposits, which makes the institution a medium-size bank. First Texas Bank, whose headquarters are in Georgetown, Texas, has above-average customer service access 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 out of 5 stars, First Texas Bank is a great choice and should warrant serious consideration. First Texas Bank has a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, First Texas Bank's standard checking account does not have a monthly maintenance charge. Using an institution with no-fee checking and a high interest rate savings account is the best bet for getting the most income from 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

First Texas Bank has a savings rate of 0.12%, which is poor compared to the average U.S. bank. Its one-year CD has a rate of 0.60%, while its highest-yielding money market account has a rate of 0.12%. Given First Texas Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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 typically has extremely low fees compared to other U.S. banks. First Texas Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. First Texas Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll have to locate a First Texas Bank ATM or eat 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

SmartAsset Average: 3.7

First Texas Bank is a brick-and-mortar bank, with eight total branches in Texas. It also offers access to mobile and web apps for a simple mobile-banking experience. It provides all-day customer service. First Texas Bank gets average feedback from customers for its online presence. Out of 9 ratings on iOS and Android platforms, the First Texas Bank mobile app rates a 3.9 out of 5 (compared to the national average of 3.8). First Texas Bank's mobile app lets you manage your accounts by monitoring account balances, sending and receiving funds as well as accessing support representatives. First Texas Bank gets a superb consumer satisfaction rating based on relatively few complaints reported to 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 currently a medium-size bank and manages assets totaling $631 million and $575 million in deposits. First Texas Bank's Texas Ratio is 0.00%, suggesting a low possibility 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 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. 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 physical branches across the U.S.

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