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International Bank of Commerce Review

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International Bank of Commerce Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

International Bank of Commerce first started operating in 1966 and is headquartered in Laredo, Texas. It manages $9 billion in assets and $6 billion in deposits, which makes it a large bank. International Bank of Commerce lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated International Bank of Commerce 4.1 stars out of 5, suggesting it is a good bank that warrants your consideration. International Bank of Commerce provides customers with a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. International Bank of Commerce has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, International Bank of Commerce's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high savings APY are your best bet for returning the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.5
SmartAsset Average: 3.5

International Bank of Commerce features a savings rate of 0.25%, which is poor compared to the average U.S. bank. Its one-year CD has a rate of 0.75%, while its highest-yielding money market account has an APY of 0.20%. Given its below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How International Bank of Commerce's Savings Rates Compare

International Bank of Commerce Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

International Bank of Commerce has generally low fees in comparison to the average U.S. bank. With no monthly fee, International Bank of Commerce is perfect for those who want a simple banking experience. Additionally, it has an overdraft fee of $35.00, which is on par with the average U.S. overdraft fee. International Bank of Commerce does not refund out-of-network ATM fees, meaning you'll need to search for an International Bank of Commerce ATM or eat the withdrawal fee.

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

3.5
SmartAsset Average: 3.7

International Bank of Commerce is a brick-and-mortar bank, with 132 total bank locations in Texas. It also offers access to mobile and web apps for easy access and banking on the go. International Bank of Commerce receives unsatisfactory reviews from customers for its mobile app. The International Bank of Commerce mobile app scored a 3.2 out of 5 (with 1,600 reviews on iOS and Android) compared to the national average of 3.8. International Bank of Commerce's mobile app allows you to control your funds by reviewing account balances, transferring funds as well as accessing customer service. International Bank of Commerce receives an outstanding consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

International Bank of Commerce is a large bank with assets totaling $9 billion and $6 billion in deposits. Its Texas Ratio is 4.88%, denoting that International Bank of Commerce is in excellent financial shape and far from failure. Additionally, International Bank of Commerce is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.88%
High Risk 75% 50% 20% 10% Low Risk

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 International Bank of Commerce to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $500
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 0.80% APY
  • 36 Month: 0.80% APY
  • 48 Month: 0.80% APY
$10000 for all terms
Money Market Account 0.2% APY $2500

International Bank of Commerce offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. International Bank of Commerce does not have the best savings rate, which means you should consider 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. International Bank of Commerce's CD rates are fair as compared against the national average.

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Find a International Bank of Commerce Near Me

International Bank of Commerce has 132 physical locations across the U.S.

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