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Texas Star Bank Review

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Texas Star Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Texas Star Bank was founded in 1890 and is headquartered in Van Alstyne, Texas. It owns assets of $390 million as well as $342 million in deposits, ranking it as a small bank. Texas Star Bank lacks premium access to customer service, with no options for live chat or all-day service. 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. On the whole, Texas Star Bank is a solid contender in your bank search, with a rating of 4.2 out of 5 stars from the SmartAsset experts. Texas Star Bank has a variety of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. Texas Star Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking account does not carry a monthly maintenance fee. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same bank is the best option for getting the most income from your deposits alongside 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

Texas Star Bank features a savings rate of 0.15%, which is poor in comparison to the national average. Texas Star Bank's one-year CD earns at a rate of 0.30% and the five-year CD has a rate of 1.41%, while its highest-yielding money market account has a rate of 0.15%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Texas Star Bank's Savings Rates Compare

Texas Star Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Texas Star Bank charges customers extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Texas Star Bank doesn't refund out-of-network ATM fees, which means you'll have to locate a Texas Star Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Texas Star Bank is a brick-and-mortar bank, with eight total bank locations in Oklahoma and Texas. With mobile and web apps, Texas Star Bank makes mobile banking easy, even on the go. Texas Star Bank gets moderately good scores from users for its mobile banking services. The Texas Star Bank mobile app rates a 4.1 out of 5 (with 14 reviews on iOS and Android) compared to the national average of 3.8. You can utilize Texas Star Bank's app to control your accounts by checking monthly statements, transferring funds and reaching support representatives. Texas Star Bank gets a superb consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Texas Star Bank is currently a small bank with $390 million in assets and $342 million in deposits. Texas Star Bank's Texas Ratio is 2.25%, denoting that the bank is in terrific financial well-being and far from failure. Additionally, Texas Star 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 Star Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $150
Checking Account 0.05% APY $100
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.55% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.21% APY
  • 60 Month: 1.41% APY
$1000 for all terms
Money Market Account 0.15% APY $1500

Texas Star Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Texas Star Bank does not have the best savings rate, which means you should consider other options 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 Star Bank's CD rates are fair in comparison to the national average.

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Find a Texas Star Bank Near Me

Texas Star Bank has eight branches in the U.S.

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