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FirstCapital Bank of Texas Review

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FirstCapital Bank of Texas Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1998, FirstCapital Bank of Texas has $1 billion in assets along with deposits totaling $975 million, which makes it a medium-size bank. FirstCapital Bank of Texas, whose headquarters are in Midland, Texas, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a superb 4.5 out of 5 stars, FirstCapital Bank of Texas is an excellent bank that you should seriously consider. FirstCapital Bank of Texas offers numerous banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. FirstCapital Bank of Texas has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly maintenance fee. Institutions that offer no-fee checking and a high savings APY are your best option for gaining the most income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

With a savings rate of 0.40%, FirstCapital Bank of Texas ranks poorly compared to other U.S. banks. FirstCapital Bank of Texas's one-year and five-year term lengths CDs earn at a rate of 1.85% and 2.25%, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How FirstCapital Bank of Texas's Savings Rates Compare

FirstCapital Bank of Texas Savings 0.40 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

FirstCapital Bank of Texas has typically low fees compared to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Additionally, at $35.00, FirstCapital Bank of Texas's overdraft fee is lower than the national average. FirstCapital Bank of Texas unfortunately doesn't reimburse out-of-network ATM fees, meaning you will have to search for a FirstCapital 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 $35.00 National Average: $35.00
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Service Quality

4.4
SmartAsset Average: 3.7

FirstCapital Bank of Texas is a brick-and-mortar bank, with 10 total branches in Texas. With mobile and web apps, FirstCapital Bank of Texas makes account access convenient, even on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Sunday and 6:00 a.m. to 12:00 a.m. CT. FirstCapital Bank of Texas also offers a live chat feature, a helpful way to reach a representative during the work day. FirstCapital Bank of Texas gets fairly high praise from users for its mobile platform. The FirstCapital Bank of Texas mobile app rates a 4.3 out of 5 (with 6 reviews on Apple and Android) compared to the national average of 3.8. FirstCapital Bank of Texas's mobile app lets you control your finances by checking current statements, transferring money as well as reaching support representatives. FirstCapital Bank of Texas receives a superb consumer satisfaction rating due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.9
SmartAsset Average: 4.8

FirstCapital Bank of Texas ranks as a medium-size bank owning assets totaling $1 billion as well as deposits totaling $975 million. FirstCapital Bank of Texas's Texas Ratio is 2.04%, denoting that FirstCapital Bank of Texas is in outstanding financial condition and far from failure. Additionally, FirstCapital 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

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 FirstCapital Bank of Texas to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.85% APY
  • 24 Month: 1.75% APY
  • 36 Month: 2.25% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.25% APY
$500 for all terms
Money Market Account 0.2% APY $1

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

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Find a FirstCapital Bank of Texas Near Me

FirstCapital Bank of Texas has 10 physical branches across the U.S.

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