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Texas Exchange Bank Review

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Texas Exchange Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1970, Texas Exchange Bank has $1 billion in assets and deposits totaling $557 million, which makes the institution a medium-size bank. Texas Exchange Bank, whose headquarters are in Crowley, 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 in-person service, in addition to its online and mobile offerings. Overall, Texas Exchange Bank is an acceptable bank choice, but may leave you wanting more, with a score of 3.8 stars out of 5 from the SmartAsset experts. Texas Exchange Bank has a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product features a $7.50 monthly fee, which places it at the higher end of monthly fees. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is the best option for getting the most income on your deposits while maintaining 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 Exchange Bank features a savings rate of 0.10%, which is fair compared to the average U.S. bank. Texas Exchange Bank's CD rates are 2.85% and 2.01% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.15%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Texas Exchange Bank's Savings Rates Compare

Texas Exchange Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Texas Exchange Bank charges its customers high fees in comparison to the national average. At $7.50/month, Texas Exchange Bank is not the best option for people who want a basic checking account. Also, Texas Exchange Bank has an overdraft fee of $25.00, which is considerably lower than the national average. Texas Exchange Bank does not refund out-of-network ATM charges, which means you'll have to search for a Texas Exchange Bank ATM or accept the withdrawal fee.

Monthly Fee $7.50 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $25.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Texas Exchange Bank is a brick-and-mortar bank, with two total branches in Texas. It also offers access to a web app, for a simple online-banking experience. Texas Exchange Bank receives an outstanding consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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

SmartAsset Average: 4.8

Texas Exchange Bank is a medium-size bank owning assets totaling $1 billion and $557 million in deposits. It has an excellent Texas Ratio of 0.00%, indicating that Texas Exchange Bank is in superb financial health and unlikely to fail. Additionally, Texas Exchange 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 Exchange Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $1500
Certificates of Deposit
  • 12 Month: 2.85% APY
  • 24 Month: 1.61% APY
  • 36 Month: 1.74% APY
  • 48 Month: 1.83% APY
  • 60 Month: 2.01% APY
$10000 for all terms
Money Market Account 0.15% APY $2500

Texas Exchange 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 Exchange 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 Exchange Bank's CD rates are fair in comparison to the national average.

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Find a Texas Exchange Bank Near Me

Texas Exchange Bank has two physical locations in the U.S.

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