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Texas Community 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 Community Bank Savings
0.05% APY

Overview

Our Rating: 4.4/5 How we calculated this rating

Founded in 1983, Texas Community Bank has assets totaling $1 billion along with $1 billion in deposits, ranking the institution as a medium-size bank. Texas Community Bank, whose headquarters are in Laredo, Texas, does not have the access to customer service other banks offer. It is a conventional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 4.4 out of 5 stars, Texas Community Bank should be solidly in contention for your choice of bank. 

Texas Community Bank provides customers with the complete selection of product offerings, including savings accounts, checking accounts, money market accounts and mortgage products. Texas Community Bank has a fair savings rate, which means you can find higher rates with other banks. If you're looking for a checking account for everyday use, Texas Community Bank's standard checking account does not have a monthly maintenance fee. Why use checking and savings accounts with the same bank? Seamless transferring between both accounts means you can still get better interest rates in your savings account but still have access to your money from your checking.

Service Quality

Texas Community Bank is a brick-and-mortar bank, with nine total bank locations in Texas. It also offers access to mobile and web apps for simple access and banking on the go.  

Texas Community Bank's online and mobile banking services get positive ratings from users: with 17 ratings across both Apple and Android platforms, the Texas Community Bank mobile app rates a 4.9 out of 5 (compared to the national average of 3.8). Texas Community Bank's mobile app allows you to manage your accounts by checking monthly statements, transferring funds as well as accessing support representatives. Texas Community Bank gets an excellent consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.05% APY $1 Compare Offers
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.70% APY
  • 60 Month: 2.50% APY
$500 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.20% APY
  • 25K tier: 0.30% APY
  • $10,000
  • $25,000
Compare Offers
Checking Accounts 0.05% APY $1 Compare Offers

Texas Community Bank offers several deposit products like savings accounts, checking accounts and money market accounts, meaning you have many options to manage your money. Texas Community Bank does not have the best savings rate, which means you should think about other options for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Texas Community Bank's CD rates are competitive in comparison to the average U.S. bank.

Rates

With a savings rate of 0.05%, Texas Community Bank ranks below the mean in comparison to the average U.S. bank. Texas Community Bank's CDs feature a rate of 0.20% and 2.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.30%. It has a fair savings rate, which means other popular banks have higher rates. Consider choosing another bank to earn more on your deposits.

Compare Texas Community Bank to Other Competitive Offers

Fees

On average, Texas Community Bank charges its customers extremely low fees compared to other U.S. banks. With no monthly fee, Texas Community Bank's checking account is ideal for those who want an easy checking account. 

Financial Health

Texas Community Bank is currently a medium-size bank and owns assets totaling $1 billion as well as deposits totaling $1 billion. Its Texas Ratio is 4.56%, signifying that Texas Community Bank is in superb financial shape and exceedingly far from failure. Additionally, Texas Community Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Texas Community Bank Near Me

Texas Community Bank has nine physical branches across the U.S.

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