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Prosperity Bank Review

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Prosperity Bank Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Prosperity Bank first started operating in 1949 with its headquarters in El Campo, Texas. Prosperity Bank manages $23 billion in assets and deposits totaling $18 billion, which makes it a very large bank. Prosperity Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked Prosperity Bank at a 4.4 out of 5 stars, which means it is a solid contender in your bank search. Prosperity Bank has a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Prosperity Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Prosperity Bank's ordinary checking account does not have a monthly fee. Finding an institution with free checking and a high interest rate savings account is your best bet for returning the highest income on your deposits while having convenient 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 0.40%, Prosperity Bank ranks poorly compared to the average U.S. bank. Prosperity Bank's CD rates are 1.15% and 2.07% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.65%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Prosperity Bank's Savings Rates Compare

Prosperity Bank Savings 0.40 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Prosperity Bank charges its customers low fees as compared against the national average. With no monthly fee, Prosperity Bank's checking account is ideal for those who want a hassle-free banking experience. Additionally, at $35.00, it has a lower overdraft fee compared to the average U.S. overdraft fee. Prosperity Bank does not reimburse out-of-network ATM charges, meaning you'll need to search for a Prosperity Bank ATM or eat the cost of withdrawal.

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

SmartAsset Average: 3.7

Prosperity Bank is a brick-and-mortar bank, with 275 total branches in Oklahoma and Texas. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 7:00 a.m. to 7:00 p.m. CT; Saturday, and 9:00 a.m. to 5:00 p.m. CT. Prosperity Bank gets moderately satisfactory scores from users for its mobile banking services. The Prosperity Bank mobile app scored a 4.3 out of 5 (out of 1,700 reviews on iOS and Android) compared to the national average of 3.8. You can access Prosperity Bank's mobile app to manage your finances by reviewing monthly statements, sending and receiving funds and accessing support representatives. Prosperity Bank receives an excellent consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 4.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Prosperity Bank is a very large bank owning $23 billion in assets and $18 billion in deposits. Prosperity Bank's Texas Ratio is 0.96%, denoting a minute likelihood of failure. Additionally, Prosperity Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Prosperity Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.15% APY
  • 24 Month: 1.31% APY
  • 36 Month: 1.86% APY
  • 60 Month: 2.07% APY
$10000 for all terms
Money Market Account 0.65% APY $2500

Prosperity Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Prosperity Bank does not have the best savings rate, which means you should think about looking 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. Prosperity Bank's CD rates are fair compared to the national average.

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Find a Prosperity Bank Near Me

Prosperity Bank has 275 physical locations across the U.S.

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