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Lubbock National Bank Review

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Lubbock National Bank Money Market
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1978, Lubbock National Bank has $1 billion in assets and deposits totaling $839 million, which makes it a medium-size bank. Lubbock National Bank, whose headquarters are in Lubbock, Texas, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.2 stars out of 5, Lubbock National Bank is a great bank that you should seriously consider. Lubbock National Bank provides customers with a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Lubbock National Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Lubbock National Bank's standard checking account does not have a monthly fee. Banks that offer free checking and a high interest rate savings account are your best bet for gaining the most income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

Its one-year CD has a rate of 0.50%, while its highest-yielding money market account earns at a rate of 0.15%.

How Lubbock National Bank's Savings Rates Compare

Lubbock National Bank Money Market 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Lubbock National Bank generally has extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Lubbock National Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you will have to find a Lubbock National Bank ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.0
SmartAsset Average: 3.7

Lubbock National Bank is a brick-and-mortar bank, with 12 total branches in Texas. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 9:00 a.m. to 5:00 p.m. CT. Lubbock National Bank's online and mobile banking services get relatively high ratings from users. The Lubbock National Bank mobile app rates a 4.0 out of 5 (out of 21 ratings on iOS and Android) compared to the national average of 3.8. Lubbock National Bank's mobile app lets you manage your bank accounts by checking current statements, transferring money and accessing customer service. Lubbock National Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Lubbock National Bank is currently a medium-size bank and has $1 billion in assets and $839 million in deposits. Its Texas Ratio is 7.34%, signifying that Lubbock National Bank is in good financial health and improbable to fail. Additionally, Lubbock National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.34%
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 Lubbock National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.90% APY
  • 48 Month: 1.00% APY
$1000 for all terms
Money Market Account 0.1% APY $1

Lubbock National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Lubbock National Bank does not have the best savings rate, which means you should think about taking a look 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. Lubbock National Bank's CD rates are fair compared to other U.S. banks.

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Find a Lubbock National Bank Near Me

Lubbock National Bank has 12 locations in the U.S.

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