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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


Founded in 1973, Texas Bank has assets totaling $452 million and $382 million in deposits, making the institution 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 traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.4 out of 5 stars, Texas Bank should be solidly in contention for your choice of bank. Texas Bank offers a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It 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 standard checking does not have a monthly maintenance charge. Locating a bank with no-fee checking as well as a high savings APY is the best option for accruing the most income from your deposits alongside 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

Texas Bank has a savings rate of 0.25%, which is poor compared to other U.S. banks. Texas Bank's CDs feature a rate of 1.81% and 2.73% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 1.51%. Given Texas Bank's noncompetitive savings rate, you should consider looking at the competition 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

On average, Texas Bank charges customers extremely low fees as compared against the national average. With no monthly fee, Texas Bank is ideal for those who want a basic checking account. Texas Bank unfortunately does not reimburse out-of-network ATM charges, which means you'll need 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 branches in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. Texas Bank's online and mobile banking platforms receive mediocre marks from users. The Texas Bank mobile app is rated at 3.4 out of 5 (out of 91 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Texas Bank's app to control your funds by looking at current statements, transferring funds and reaching customer service. Texas Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints registered with 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 with assets totaling $452 million and $382 million in deposits. Texas Bank has a strong Texas Ratio of 9.62%, suggesting a tiny 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

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: 1.81% APY
  • 24 Month: 2.22% APY
  • 36 Month: 2.42% APY
  • 48 Month: 2.52% APY
  • 60 Month: 2.73% APY
$500 for all terms
Money Market Account 1.51% APY $10000

Texas Bank 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 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. 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 locations in the U.S.

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