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The American National Bank of Texas Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
The American National Bank of Texas Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The American National Bank of Texas was founded in 1981 with headquarters in Terrell, Texas. The American National Bank of Texas manages $3 billion in assets as well as deposits totaling $3 billion, making it a large bank. The American National Bank of Texas lacks premium access to customer service, 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, The American National Bank of Texas is a good bank that deserves your consideration, with a score of 4.1 out of 5 stars from our experts. The American National Bank of Texas provides customers with numerous banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. The American National Bank of Texas has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, The American National Bank of Texas's standard checking account does not have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same bank is your best bet for returning the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.9
SmartAsset Average: 3.5

The American National Bank of Texas has a savings rate of 0.05%, which is poor compared to the average U.S. bank. The American National Bank of Texas's CDs feature a rate of 0.75% and 1.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.07%. Given The American National Bank of Texas's noncompetitive savings rate, you should consider other options to earn more on your deposits.

How The American National Bank of Texas's Savings Rates Compare

The American National Bank of Texas Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The American National Bank of Texas has generally extremely low fees compared to the average U.S. bank. The American National Bank of Texas's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. The American National Bank of Texas unfortunately does not reimburse out-of-network ATM fees, meaning you will need to locate a The American National Bank of Texas ATM or accept 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

3.4
SmartAsset Average: 3.7

The American National Bank of Texas is a brick-and-mortar bank, with 26 total bank locations in Texas. With mobile and web apps, The American National Bank of Texas makes mobile banking easy, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:30 a.m. to 6:00 p.m. CT; Saturday, and 9:00 a.m. to 1:00 p.m. CT. The American National Bank of Texas receives poor marks from users for its mobile platform. The The American National Bank of Texas mobile app has been given a 2.9 out of 5 (out of 160 customer reviews on iOS and Android) compared to the national average of 3.8. The American National Bank of Texas's mobile app lets you control your finances by checking monthly statements, sending and receiving money as well as reaching customer service. The American National Bank of Texas receives an excellent consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 2.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

The American National Bank of Texas ranks as a large bank with $3 billion in assets and deposits totaling $3 billion. It has an excellent Texas Ratio of 1.26%, denoting a low chance of failure. Additionally, The American National Bank of Texas 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 The American National Bank of Texas to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $300
Checking Account 0.05% APY $5000
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.27% APY
  • 36 Month: 1.35% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.40% APY
$1000 for all terms
Money Market Accounts 0.07% APY 0.07% APY $10000 $15000

The American National Bank of Texas has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. The American National Bank of Texas 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. The American National Bank of Texas's CD rates are fair compared to other U.S. banks.

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Find a The American National Bank of Texas Near Me

The American National Bank of Texas has 26 locations in the U.S.

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