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Texas Bank Review

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Texas Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1973, Texas Bank has $452 million in assets along with deposits totaling $382 million, ranking it as a medium-size bank. Texas Bank, whose headquarters are in Henderson, Texas, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.4 out of 5 stars, Texas Bank is a great bank that you should seriously consider. Texas Bank provides customers with a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Texas Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's most basic checking does not carry a monthly fee. Locating a bank with no-fee checking, in addition to a high savings APY is the best bet for getting 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

Texas Bank has a savings rate of 0.25%, which is poor compared to the national average. Its one-year CD has a rate of 1.76% and the five-year CD has a rate of 2.63%, while its highest-yielding money market account earns at an APY of 1.41%. Given its below average savings rate, you should consider looking elsewhere to open savings accounts.

How Texas Bank's Savings Rates Compare

Texas Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Texas Bank charges its customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, Texas Bank's checking account is perfect for people who need a hassle-free checking account. Texas Bank does not refund out-of-network ATM charges, which means you will have to locate 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 11 total bank locations in Texas. It also offers access to mobile and web apps for simple access and banking on the go. Texas Bank's online and mobile banking services get poor feedback from users. The Texas Bank mobile app scored a 3.4 out of 5 (with 91 reviews on iOS and Android) compared to the national average of 3.8. You can access Texas Bank's app to control your accounts by monitoring account balances, transferring funds as well as reaching customer service. Texas Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.4/5
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 ranks as a medium-size bank owning $452 million in assets as well as deposits totaling $382 million. Texas Bank has a strong Texas Ratio of 9.62%, suggesting a small opportunity 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

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 to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.25% APY $750
Certificates of Deposit
  • 12 Month: 1.76% APY
  • 24 Month: 2.22% APY
  • 36 Month: 2.42% APY
  • 48 Month: 2.52% APY
  • 60 Month: 2.63% APY
$500 for all terms
Money Market Account 1.41% APY $10000

Texas Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Texas Bank does not have the best savings rate, which means you should consider 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 compared to the average U.S. bank.

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Find a Texas Bank Near Me

Texas Bank has 11 physical branches in the U.S.

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