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Lone Star National 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
Lone Star National Bank Savings
0.10% APY

Overview

Our Rating: 4.1/5 How we calculated this rating

Founded in 1983, Lone Star National Bank has assets totaling $2 billion as well as deposits totaling $2 billion, ranking it as a large bank. Lone Star National Bank, whose headquarters are in Pharr, Texas, does not have the same customer service perks that others do. It is a conventional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile apps. Overall, Lone Star National Bank is a good bank that gets the job done at a score of 4.1 out of 5 stars from our experts. 

Lone Star National Bank offers a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, brokerage accounts and mortgage products. Lone Star National Bank has a fair savings rate, which means other popular banks have higher rates. Perfect for basic banking needs, Lone Star National Bank offers one without a maintenance or monthly fee. Why keep checking and savings accounts with one bank? Convenient transferring of funds between the two accounts translates to better interest rates in your savings account with the ability to spend from your checking.

Service Quality

Lone Star National Bank is a brick-and-mortar bank, with 30 total bank locations in Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 7:45 a.m. to 6:30 p.m. CT; Saturday, 9:00 a.m. to 1:00 p.m. CT. 

Lone Star National Bank's online and mobile banking services get great ratings from users: with 220 customer reviews on both Apple and Android platforms, the Lone Star National Bank mobile app is scored at 4.1 out of 5 (compared to the national average of 3.8). Lone Star National Bank's mobile app lets you manage your finances by reviewing current statements, transferring funds and reaching customer service. Lone Star National Bank gets an excellent consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.10% APY $50 Compare Offers
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.55% APY
  • 36 Month: 0.95% APY
  • 48 Month: 1.26% APY
  • 60 Month: 1.51% APY
$1,000 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.05% APY
  • 25K tier: 0.15% APY
  • $2,500
  • $25,000
Compare Offers
Checking Accounts 0.05% APY $1,200 Compare Offers

Lone Star National Bank offers several deposit products including 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 looking elsewhere 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. Lone Star National Bank's CD rates are competitive compared to the national average.

Rates

Lone Star National Bank features a savings rate of 0.10%, which is fair compared to the average U.S. bank. Lone Star National Bank's one-year and five-year term lengths CD's earn at a rate of 0.20% and 1.51%, respectively, while its highest-yielding money market account earns at an APY of 0.15%. Lone Star National Bank has a fair savings rate, which means other popular banks have higher rates. Think about looking at some of the competition to open savings accounts.

Compare Lone Star National Bank to Other Competitive Offers

Fees

Lone Star National Bank typically has extremely low fees compared to the national average. With no monthly fee, Lone Star National Bank is perfect for people who want a simple banking experience. For those who will need cash in a pinch, Lone Star National Bank is ideal because it has no ATM fees. 

Financial Health

Lone Star National Bank is a large bank with assets totaling $2 billion as well as $2 billion in deposits. It has a very good Texas Ratio of 17.32%, indicating a small possibility of failure. Additionally, Lone Star National Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Lone Star National Bank Near Me

Lone Star National Bank has 30 branches across the U.S.

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