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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 was founded in 1911 with its headquarters in Industry, Texas. Industry State Bank has $771 million in assets as well as $670 million in deposits, which makes it a medium-size bank. Industry State Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated the bank 4 out of 5 stars, suggesting Industry State Bank is a good bank that warrants your consideration. Industry State Bank offers numerous banking products, including savings accounts, checking accounts, CDs and IRAs. Industry State Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product features a $10.00 monthly fee, which ranks on the higher end of monthly fees. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best bet for getting the most income from your deposits while having easy 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

Industry State Bank has a savings rate of 0.54%, which is poor in comparison to the average U.S. bank. Its one-year CD has a rate of 1.92% and the five-year CD earns at a rate of 2.33%, while its highest-yielding money market account has an APY of 0.26%. Given Industry State Bank's poor savings rate, you should consider looking at the competition to open savings accounts.

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

On average, Industry State Bank charges customers high fees in comparison to the national average. Industry State Bank's checking account has a monthly fee of $10.00, which makes it fair for anyone looking for a simple account. Also, Industry State Bank has an overdraft fee of $30.00, which is considerably less than the national average. Industry State Bank unfortunately does not reimburse out-of-network ATM fees, meaning you'll need to search for an Industry State Bank ATM or eat the ATM charge.

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 branches in Texas. It also offers access to mobile and web apps for simple access and banking on the go. You can use Industry State Bank's mobile app to manage your finances by reviewing account balances, sending and receiving money as well as reaching customer service. Industry State Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints reported 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 ranks as a medium-size bank owning $771 million in assets and deposits totaling $670 million. Industry State Bank has an excellent Texas Ratio of 0.02%, signifying a negligible possibility of 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 $1
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 like savings accounts, checking accounts and CDs to give you many options to manage your money. Industry State Bank does not have the best savings rate, which means you should consider looking 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. Industry State Bank's CD rates are fair compared to other U.S. banks.

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Find a Industry State Bank Near Me

Industry State Bank has five physical branches across the U.S.

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