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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


Established in 1966, Texas Bank has assets totaling $484 million as well as $399 million in deposits, which makes the institution a medium-size bank. Texas Bank, whose headquarters are in Brownwood, Texas, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Overall, Texas Bank is a great choice and should warrant serious consideration, with a rating of 4.2 stars out of 5 from the SmartAsset team. Texas Bank has a variety of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Texas Bank's most basic checking account does not carry a monthly maintenance fee. Finding a bank with free checking as well as a high savings APY is your best bet for returning the most income from your deposits while having convenient access to your money.

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 in comparison to the national average. Texas Bank's one-year and five-year term lengths CDs earn at a rate of 1.00% and 1.60%, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

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 typically extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Texas Bank unfortunately does not reimburse out-of-network ATM charges, which means you'll be required to locate a Texas Bank ATM or pay the 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 easy, even on the go. Texas Bank's online and mobile banking services get mediocre feedback from users. The Texas Bank mobile app has an overall rating of 2.9 out of 5 (with 55 ratings on iOS and Android) compared to the national average of 3.8. You can access Texas Bank's app to manage your funds by checking current statements, transferring money as well as reaching support representatives. Texas Bank gets a superb consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 and has $484 million in assets and $399 million in deposits. Texas Bank's Texas Ratio is 1.57%, indicating a negligible 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: 1.00% APY
  • 24 Month: 1.25% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.60% APY
$10000 for all terms
Money Market Account 0.3% APY $1000

Texas Bank offers several deposit products including 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 taking a look 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's CD rates are fair compared to the national average.

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Find a Texas Bank Near Me

Texas Bank has 10 physical branches across the U.S.

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