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Texas Bank Review

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Texas Bank Savings
0.17% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1966, Texas Bank has $484 million in assets along with $399 million in deposits, making it a medium-size bank. Texas Bank, whose headquarters are in Brownwood, Texas, lacks premium access to customer service, 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 gave the bank a 4.2 out of 5 stars, indicating that Texas Bank is a great choice and should warrant serious consideration. Texas Bank has a mixture of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Texas Bank's standard checking account does not have a monthly maintenance fee. Finding an institution with free checking, in addition to a high interest rate savings account is your best bet for accruing the highest income from your deposits while maintaining 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 0.18%, Texas Bank ranks poorly compared to other U.S. banks. Texas Bank's one-year and five-year term lengths CDs earn at a rate of 0.80% and 1.30%, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given Texas Bank's poor savings rate, you should consider taking a look at other banks for savings accounts.

How Texas Bank's Savings Rates Compare

Texas Bank Savings 0.17 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Texas Bank has generally extremely low fees in comparison to the national average. With no monthly fee, Texas Bank's checking account is ideal for people who need a hassle-free banking experience. Texas Bank doesn't reimburse out-of-network ATM fees, meaning you'll have to find a Texas Bank ATM or eat the withdrawal fee.

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

Texas Bank is a brick-and-mortar bank, with 10 total branches in Texas. With mobile and web apps, Texas Bank makes account access straightforward, even on the go. Texas Bank's online and mobile banking platforms receive mediocre marks from customers. The Texas Bank mobile app scored a 2.9 out of 5 (out of 55 customer reviews on Apple and Android) compared to the national average of 3.8. Texas Bank's mobile app lets you control your accounts by monitoring account balances, transferring funds as well as reaching customer service. Texas Bank gets an excellent consumer satisfaction rating based on 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 2.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Texas Bank is currently a medium-size bank with $484 million in assets as well as deposits totaling $399 million. Texas Bank has an excellent Texas Ratio of 1.57%, indicating a minute possibility of failure. Additionally, Texas 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 Texas Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.175% APY $100
Checking Account 0.05% APY $700
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 0.90% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.30% APY
$10000 for all terms
Money Market Account 0.3% APY $1000

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

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Find a Texas Bank Near Me

Texas Bank has 10 branches in the U.S.

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