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Plains State Bank Review

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Plains State Bank Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Plains State Bank started in 1957 and its headquarters are located in Humble, Texas. It manages $429 million in assets and $381 million in deposits, making it a medium-size bank. Plains State Bank 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. At a SmartAsset rating of 4.3 stars out of 5, Plains State Bank should be solidly in contention for your choice of bank. Plains State Bank offers a mixture of banking products, including savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking does not carry a monthly charge. Using an institution with no-fee checking, in addition to a high savings APY is your best bet for returning the most income from your deposits alongside easy access to your funds.

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 0.50%, Plains State Bank ranks poorly in comparison to the national average. Plains State Bank's one-year CD has a rate of 2.73%, while its highest-yielding money market account has a rate of 1.10%. Given its below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How Plains State Bank's Savings Rates Compare

Plains State Bank Savings 0.50 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Plains State Bank has typically extremely low fees compared to the national average. Plains State Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Plains State Bank unfortunately does not refund out-of-network ATM charges, which means you will need to search for a Plains State Bank ATM or pay the cost of withdrawal.

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

SmartAsset Average: 3.7

Plains State Bank is a brick-and-mortar bank, with six total bank locations in Texas. With mobile and web apps, Plains State Bank makes mobile banking convenient, even on the go. Plains State Bank's mobile app lets you control your funds by monitoring monthly statements, transferring money and accessing support representatives. Plains State Bank gets an excellent consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government 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

Plains State Bank is currently a medium-size bank owning $429 million in assets and deposits totaling $381 million. Its Texas Ratio is 6.43%, signifying that Plains State Bank is in good financial condition and unlikely to fail. Additionally, Plains 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

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 Plains State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $50
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 2.73% APY
  • 24 Month: 2.94% APY
  • 36 Month: 3.14% APY
$1000 for all terms
Money Market Account 1.1% APY $25000

Plains State Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Plains State Bank 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. Plains State Bank's CD rates are fair in comparison to the national average.

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Find a Plains State Bank Near Me

Plains State Bank has six physical branches in the U.S.

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