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Texas Citizens Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Texas Citizens Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 2006, Texas Citizens Bank has $460 million in assets and deposits totaling $379 million, classifying the institution as a medium-size bank. Texas Citizens Bank, whose headquarters are in Pasadena, Texas, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Texas Citizens Bank is a solid contender in your bank search, with a rating of 4.3 stars out of 5 from the SmartAsset experts. Texas Citizens Bank provides customers with a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Texas Citizens Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Texas Citizens Bank's standard checking account does not have a monthly charge. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is the best bet for accruing the most income on your deposits while maintaining convenient access to your funds.

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

3.7
SmartAsset Average: 3.5

With a savings rate of 0.10%, Texas Citizens Bank ranks poorly in comparison to the national average. Texas Citizens Bank's one-year CD earns at a rate of 1.50%, while its highest-yielding money market account has an APY of 0.75%. Given Texas Citizens Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How Texas Citizens Bank's Savings Rates Compare

Texas Citizens Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Texas Citizens Bank charges its customers extremely low fees compared to the average U.S. bank. With no monthly fee, Texas Citizens Bank's checking account is perfect for people who need a hassle-free checking account. Texas Citizens Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll be required to locate a Texas Citizens Bank ATM or eat 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

4.2
SmartAsset Average: 3.7

Texas Citizens Bank is a brick-and-mortar bank, with six total bank locations in Texas. It also offers access to mobile and web apps for straightforward access and banking on the go. Texas Citizens Bank gets moderately high marks from customers for its mobile banking services. The Texas Citizens Bank mobile app has an overall rating of 4.4 out of 5 (with 45 customer reviews on iOS and Android) compared to the national average of 3.8. You can use Texas Citizens Bank's app to control your accounts by reviewing account balances, sending and receiving funds as well as reaching support representatives. Texas Citizens Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

Texas Citizens Bank is currently a medium-size bank with $460 million in assets as well as $379 million in deposits. Its Texas Ratio is 13.01%, indicating that the bank is in fine financial shape and improbable to fail. Additionally, Texas Citizens Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

13.01%
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 Citizens Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 1.50% APY
  • 24 Month: 2.10% APY
  • 36 Month: 2.27% APY
$1000 for all terms
Money Market Accounts 0.5% APY 0.75% APY $10000 $15000

Texas Citizens 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 Citizens Bank 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 Citizens Bank's CD rates are fair as compared against the national average.

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Find a Texas Citizens Bank Near Me

Texas Citizens Bank has six physical branches across the U.S.

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