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Industry State Bank Review

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Industry State Bank Savings
0.54% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Industry State Bank started in 1911 with its headquarters in Industry, Texas. It has $771 million in assets as well as $670 million in deposits, making it a medium-size bank. Industry State Bank lacks premium access to support representatives, 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 offerings. At a SmartAsset rating of 4 stars out of 5, Industry State Bank should be near the middle of the pack in your search for a bank. Industry State Bank offers a variety of banking products, including savings accounts, checking accounts, CDs and IRAs. Industry State Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product features a monthly fee of $10.00, making it a rather costly bank for checking. Using an institution with no-fee checking and a high savings APY is the best bet for accruing the most income on your deposits while maintaining 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

With a savings rate of 0.54%, Industry State Bank ranks poorly compared to other U.S. banks. Its CDs feature a rate of 1.92% and 2.33% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.26%. Given Industry State Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Industry State Bank's Savings Rates Compare

Industry State Bank Savings 0.54 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Industry State Bank charges customers high fees compared to other U.S. banks. At $10.00/month, Industry State Bank's checking account is less than ideal for those who want a hassle-free banking experience. Additionally, at $30.00, Industry State Bank's overdraft fee is significantly lower than that of other U.S. banks. Industry State Bank does not refund out-of-network ATM fees, meaning you'll need to locate an Industry State Bank ATM or eat the fee.

Monthly Fee $10.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Industry State Bank is a brick-and-mortar bank, with five total bank locations in Texas. With mobile and web apps, Industry State Bank makes account access easy, even on the go. You can access Industry State Bank's app to manage your funds by checking account balances, sending and receiving funds and accessing support representatives. Industry State Bank gets a superb consumer satisfaction rating due to 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 NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Industry State Bank is a medium-size bank owning assets totaling $771 million as well as $670 million in deposits. Industry State Bank's Texas Ratio is 0.02%, indicating that the bank is in superb financial shape and far from failure. Additionally, Industry State 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 Industry State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.54% APY $1
Checking Account 0.25% APY $100
Certificates of Deposit
  • 12 Month: 1.92% APY
  • 24 Month: 2.02% APY
  • 36 Month: 2.12% APY
  • 48 Month: 2.22% APY
  • 60 Month: 2.33% APY
$1000 for all terms
Money Market Account 0.19% APY $1000

Industry State Bank has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Industry State 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. Industry State Bank's CD rates are fair compared to the average U.S. bank.

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Find a Industry State Bank Near Me

Industry State Bank has five physical locations in the U.S.

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