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Texas Gulf Bank Review

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Texas Gulf Bank Savings
0.45% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1913, Texas Gulf Bank has assets totaling $590 million and $524 million in deposits, which makes it a medium-size bank. Texas Gulf Bank, whose headquarters are in Houston, 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 access to service representatives at a physical location, in addition to its online and mobile apps. SmartAsset has rated Texas Gulf Bank 4.3 stars out of 5, which means it is a solid pick to be your bank. Texas Gulf Bank offers a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Texas Gulf Bank's standard checking account does not have a monthly maintenance fee. Locating a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is your best option for returning the most income from your deposits while having 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 Gulf Bank has a savings rate of 0.45%, which is poor in comparison to the average U.S. bank. Texas Gulf Bank's CDs feature a rate of 1.26% and 2.12% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.50%. Given its poor savings rate, you should consider other options to earn more on your deposits.

How Texas Gulf Bank's Savings Rates Compare

Texas Gulf Bank Savings 0.45 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Texas Gulf Bank has typically low fees as compared against the national average. With no monthly fee, Texas Gulf Bank is ideal for those who want a basic banking experience. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $2.00, which is reasonable in comparison to the national average. Additionally, Texas Gulf Bank has an overdraft fee of $30.00, which is noticeably lower than the national average overdraft fee. Texas Gulf Bank unfortunately doesn't refund out-of-network ATM charges, which means you'll need to find a Texas Gulf Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Texas Gulf Bank is a brick-and-mortar bank, with nine total bank locations in Texas. With mobile and web apps, Texas Gulf Bank makes mobile banking easy, even on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Wednesday, 9:00 a.m. to 5:00 p.m. CT; Thursday to Friday, and 9:00 a.m.m to 5:30 p.m. CT. Texas Gulf Bank receives inferior feedback from customers for its mobile app. With 21 ratings across iOS and Android platforms, the Texas Gulf Bank mobile app is scored at 3.2 out of 5 (compared to the national average of 3.8). Texas Gulf Bank's mobile app allows you to control your funds by reviewing account balances, transferring funds and accessing support representatives. Texas Gulf Bank gets an excellent 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 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Texas Gulf Bank is currently a medium-size bank and manages $590 million in assets as well as $524 million in deposits. Texas Gulf Bank's Texas Ratio is 1.53%, suggesting that the bank is in outstanding financial condition and unlikely to fail. Additionally, Texas Gulf 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 Gulf Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.45% APY $100
Checking Account 0.45% APY $1
Certificates of Deposit
  • 12 Month: 1.26% APY
  • 24 Month: 1.41% APY
  • 36 Month: 1.46% APY
  • 48 Month: 1.76% APY
  • 60 Month: 2.12% APY
$2500 for all terms
Money Market Account 0.45% APY $2500

Texas Gulf Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Texas Gulf 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 Gulf Bank's CD rates are fair compared to the average U.S. bank.

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Find a Texas Gulf Bank Near Me

Texas Gulf Bank has nine branches across the U.S.

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