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Texas Bank and Trust Company Review

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Texas Bank and Trust Company Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1958, Texas Bank and Trust Company has $2 billion in assets as well as deposits totaling $2 billion, ranking it as a large bank. Texas Bank and Trust Company, whose headquarters are in Longview, Texas, has above-average customer service access with a live chat feature, great for getting help during the work week. 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. SmartAsset experts rated Texas Bank and Trust Company 4.3 stars out of 5, which means it is a solid pick to be your bank. Texas Bank and Trust Company provides customers with a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account carries a monthly fee of $8.00, making it a rather costly bank for checking. Locating an institution with no-fee checking, in addition to a high savings APY is your best option for getting the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

3.8
SmartAsset Average: 3.5

Texas Bank and Trust Company has a savings rate of 0.15%, which is fair compared to other U.S. banks. Texas Bank and Trust Company's one-year and five-year term lengths CDs earn at a rate of 1.61% and 2.37%, respectively, while its highest-yielding money market account has a rate of 0.10%. Given Texas Bank and Trust Company's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Texas Bank and Trust Company's Savings Rates Compare

Texas Bank and Trust Company Savings 0.15 National Average 0.26 Compare Offers
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Fees

4.2
SmartAsset Average: 4.4

Texas Bank and Trust Company charges its customers average fees in comparison to the average U.S. bank. At $8.00/month, Texas Bank and Trust Company is not ideal for people who want a simple banking experience. For those who will need cash in a pinch, Texas Bank and Trust Company is perfect because it charges no out-of-network ATM fees. Also, at $30.00, it has a significantly lower overdraft fee compared to the average U.S. overdraft fee. Texas Bank and Trust Company unfortunately does not reimburse out-of-network ATM charges, meaning you will have to find a Texas Bank and Trust Company ATM or accept the ATM charge.

Monthly Fee $8.00 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

4.3
SmartAsset Average: 3.7

Texas Bank and Trust Company is a brick-and-mortar bank, with 21 total bank locations in Texas. With mobile and web apps, Texas Bank and Trust Company makes mobile banking easy, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:15 a.m. to 11:00 p.m. CT; Saturday and Sunday, and 9:00 a.m. to 5:00 p.m. CT. Texas Bank and Trust Company also offers a live chat feature, giving customers an easy access point throughout the day. Texas Bank and Trust Company's online and mobile banking services receive fairly high marks from users. Out of 78 ratings across both Apple and Android platforms, the Texas Bank and Trust Company mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). You can access Texas Bank and Trust Company's app to control your bank accounts by monitoring current statements, transferring money and accessing support representatives. Texas Bank and Trust Company receives a superb consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.8
SmartAsset Average: 4.8

Texas Bank and Trust Company is a large bank owning assets totaling $2 billion and $2 billion in deposits. Texas Bank and Trust Company has a strong Texas Ratio of 5.85%, suggesting a tiny likelihood of failure. Additionally, Texas Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.85%
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 Texas Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 1.61% APY
  • 24 Month: 1.86% APY
  • 36 Month: 2.12% APY
  • 48 Month: 2.27% APY
  • 60 Month: 2.37% APY
$1000 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

Texas Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Texas Bank and Trust Company does not have the best savings rate, which means you should consider 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. Texas Bank and Trust Company's CD rates are fair compared to the national average.

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Find a Texas Bank and Trust Company Near Me

Texas Bank and Trust Company has 21 locations in the U.S.

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