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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 $590 million in assets along with deposits totaling $524 million, which makes the institution a medium-size bank. Texas Gulf Bank, whose headquarters are in Houston, Texas, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. On the whole, Texas Gulf Bank is a great choice and should warrant serious consideration, with a score of 4.3 out of 5 stars from our team. Texas Gulf Bank offers a mixture of banking products, 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. Banks that offer no-fee checking and a high savings APY are your best bet for returning the highest income from 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 Gulf Bank has a savings rate of 0.45%, which is poor in comparison to other U.S. banks. Texas Gulf Bank's CD rates are 1.26% and 2.12% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.50%. Given Texas Gulf Bank's noncompetitive 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 typically has low fees in comparison to the average U.S. bank. With no monthly fee, Texas Gulf Bank is perfect for people who want a basic banking experience. For those who use cash often, Texas Gulf Bank is fair because it has an out-of-network ATM fee of $2.00, which is reasonable in comparison to the national average. Also, at $30.00, it has a considerably lower overdraft fee compared to the national average. Texas Gulf Bank unfortunately does not refund out-of-network ATM fees, which means you will be required to search for a Texas Gulf Bank ATM or accept the cost of withdrawal.

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 branches in Texas. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not offer all-day customer service with actual service 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's online and mobile banking services get mediocre scores from users. The Texas Gulf Bank mobile app has been given a 3.2 out of 5 (with 21 customer reviews on iOS and Android) compared to the national average of 3.8. You can utilize Texas Gulf Bank's app to control your accounts by checking account balances, transferring funds as well as accessing support representatives. Texas Gulf Bank receives a superb consumer satisfaction rating based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 ranks as a medium-size bank with assets totaling $590 million as well as deposits totaling $524 million. Texas Gulf Bank's Texas Ratio is 1.53%, signifying that Texas Gulf Bank is in outstanding financial health 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 0.5% 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 $1

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

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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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