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PlainsCapital 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
PlainsCapital Bank Savings
0.20% APY

Overview

Our Rating: 3.8/5 How we calculated this rating

PlainsCapital Bank started in 1955 and its headquarters are located in Dallas, Texas. It has assets totaling $10 billion and deposits totaling $8 billion, which makes it a large bank. PlainsCapital Bank has above-average customer service access with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank, which means in-person service, in addition to its online and mobile presence. Our team rated PlainsCapital Bank a 3.8 out of 5 stars, PlainsCapital Bank should be near the middle of the pack in your search for a bank. 

PlainsCapital Bank has a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate, which means you can find higher rates with other banks. The bank's standard checking account maintains a $10.00 monthly fee, better for those who carry a large balance. Using the same bank for checking and savings is perfect for getting the highest interest rates on your deposits while maintaining convenient control over your money.

Service Quality

PlainsCapital Bank is a brick-and-mortar bank, with 66 total branches in Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It offers all-day customer service. 

PlainsCapital Bank's online and mobile banking platforms receive fair feedback from users: out of 130 ratings across iOS and Android platforms, the PlainsCapital Bank mobile app has an overall rating of 2.9 out of 5 (compared to the national average of 3.8). You can access PlainsCapital Bank's app to manage your funds by looking at account balances, sending and receiving money as well as reaching customer service. PlainsCapital Bank receives a superb consumer satisfaction score based on comparatively few complaints brought to 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 0.20% APY $100 Compare Offers
Certificates of Deposit
  • 12 Month: 1.96% APY
  • 24 Month: 2.22% APY
  • 36 Month: 2.42% APY
  • 48 Month: 2.52% APY
  • 60 Month: 2.62% APY
$1,000 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.55% APY
  • 25K tier: 0.65% APY
  • $5,000
  • $25,000
Compare Offers
Checking Accounts 0.10% APY $1 Compare Offers

PlainsCapital Bank has several deposit products like 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 think about other options 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. PlainsCapital Bank's CD rates are competitive in comparison to other U.S. banks.

Rates

PlainsCapital Bank has a savings rate of 0.20%, which is fair as compared against the national average. PlainsCapital Bank's CD rates are 1.96% and 2.62% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.65%. PlainsCapital Bank has a fair savings rate, which means you can find higher rates with other banks. Think about taking a look at other banks for savings accounts.

Compare PlainsCapital Bank to Other Competitive Offers

Fees

On average, PlainsCapital Bank charges customers high fees compared to other U.S. banks. At $10.00/month, PlainsCapital Bank is not the best product for those who want a simple banking experience. Additionally, at $35, PlainsCapital Bank's overdraft fee is lower than the national average overdraft fee, making it good for those who frequently overdraft. PlainsCapital Bank refunds any incurred ATM charges (with conditions), making withdrawals a free and easy process.

Financial Health

PlainsCapital Bank ranks as a large bank and owns assets totaling $10 billion and deposits totaling $8 billion. PlainsCapital Bank has a very good Texas Ratio of 6.60%, denoting a small likelihood of failure. Additionally, PlainsCapital Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a PlainsCapital Bank Near Me

PlainsCapital Bank has 66 physical locations across the U.S.

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