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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


Texas Exchange Bank first started operating in 1970 and has its headquarters in Crowley, Texas. It handles assets of $1 billion as well as $557 million in deposits, which makes it a medium-size bank. Texas Exchange Bank 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With an average 3.8 out of 5 stars, Texas Exchange Bank proves it is a decent choice, but with better options out there. Texas Exchange Bank offers a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking product has a $7.50 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Locating a bank with no-fee checking, in addition to a high interest rate savings account is the best bet for gaining the highest income on your deposits while having easy 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

With a savings rate of 0.10%, Texas Exchange Bank ranks poorly compared to the average U.S. bank. Texas Exchange Bank's CD rates are 2.85% and 1.85% 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 Texas Exchange Bank's below average savings rate, you should consider taking a look at other banks for savings accounts.

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 compared to the national average. At $7.50 per month, Texas Exchange Bank is less than ideal for people who want a basic banking experience. Additionally, it has an overdraft fee of $25.00, which is considerably less than the national average overdraft fee. Texas Exchange Bank does not refund out-of-network ATM charges, which means you'll have to locate a Texas Exchange Bank ATM or accept the 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 bank locations in Texas. With a mobile app, Texas Exchange Bank provides easy mobile banking, even from home or work. Texas Exchange Bank gets a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 ranks as a medium-size bank and manages $1 billion in assets as well as $557 million in deposits. Texas Exchange Bank's Texas Ratio is 0.00%, signifying that Texas Exchange Bank is in outstanding 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: 1.40% APY
  • 36 Month: 1.55% APY
  • 48 Month: 1.66% APY
  • 60 Month: 1.85% APY
$10000 for all terms
Money Market Account 0.15% APY $2500

Texas Exchange Bank has 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 consider 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 as compared against 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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