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Happy State Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Happy State Bank Savings
0.25% APY

Overview

Our Rating: 4.3/5 How we calculated this rating

Founded in 1908, Happy State Bank has $3 billion in assets as well as deposits totaling $3 billion, making it a large bank. Happy State Bank, whose headquarters are in Happy, Texas, has above-average customer service access with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile apps. With a commendable 4.3 out of 5 stars, Happy State Bank is a great choice and should warrant serious consideration. 

Happy State Bank has a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. Happy State Bank offers a savings account with a standard APY, appropriate if you need a worthier place to stash your money than a checking account. Perfect for basic banking needs, Happy State Bank offers one without a maintenance or monthly fee. Why keep checking and savings accounts with one bank? Convenient transferring between both accounts means you can still get higher interest rates in your savings account but still have access to your money from your checking.

Service Quality

Happy State Bank is a brick-and-mortar bank, with 36 total branches in Texas. With mobile and web apps, Happy State Bank makes account access convenient, even on the go. It offers all-day access to representatives. 

Happy State Bank's online and mobile banking services receive reasonable scores from users: the Happy State Bank mobile app has been given a 2.5 out of 5 (with 64 ratings on iOS and Android) compared to the national average of 3.8. Happy State Bank's mobile app allows you to manage your funds by reviewing account balances, transferring money as well as accessing support representatives. Happy State Bank receives an exceptional consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.25% APY $100 Compare Offers
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 2.11% APY
  • 36 Month: 0.25% APY
  • 48 Month: 0.30% APY
  • 60 Month: 0.35% APY
  • $1,000
  • $1,000 
  • $10,000
  • $10,000 
  • $10,000 
Compare Offers
Money Market Accounts
  • 10K tier: 0.25% APY
  • 25K tier: 0.30% APY
  • $1,000
  • $25,000
Compare Offers  
Checking Accounts 0.10% APY $1,000 Compare Offers

It has several deposit products which include savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. It does not have the best savings rate, which means you should consider other options for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Happy State Bank's CD rates are competitive as compared against the national average.

Rates

Happy State Bank has a savings rate of 0.25%, which is moderate as compared against the national average. Its one-year CD earns at a rate of 1.75% and the five-year CD has a rate of 0.35%, while its highest-yielding money market account has a rate of 0.30%. Taking into account that Happy State Bank offers an average APY, Happy State Bank's savings account is perfect if you would like especially for a noteworthy landmark such as a new mortgage.

Compare Happy State Bank to Other Competitive Offers

Fees

On average, Happy State Bank charges customers extremely low fees compared to the national average. With no monthly fee, Happy State Bank is ideal for those who want a basic checking account. For those who use cash often, Happy State Bank is good because it has ATM fee of $1.50, which is solid compared to the national average. Also, at $27, it has a noticeably lower overdraft fee compared to the average U.S. overdraft fee. 

Financial Health

Happy State Bank is a large bank owning assets totaling $3 billion and deposits totaling $3 billion. Its Texas Ratio is 5.43%, signifying a tiny likelihood of failure. Additionally, Happy State Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Happy State Bank Near Me

Happy State Bank has 36 physical branches across the U.S. 

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