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The American National Bank of Texas Review

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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 first started operating in 1981 and its headquarters are located in Terrell, Texas. It handles assets of $3 billion as well as $3 billion in deposits, making it a large bank. The American National Bank of Texas lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.1 out of 5 stars, The American National Bank of Texas should be solidly in contention for your choice of bank. The American National Bank of Texas has numerous product offerings, 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 interested in stress-free personal checking, The American National Bank of Texas's standard checking account does not have a monthly fee. Banks that offer free checking and a high interest rate savings account are your best option for gaining the highest income on your deposits while maintaining easy access to your funds.

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

With a savings rate of 0.05%, The American National Bank of Texas ranks poorly compared to the national average. Its one-year CD earns at a rate of 0.30% and the five-year CD earns at a rate of 1.00%, while its highest-yielding money market account earns at an APY of 0.07%. Given The American National Bank of Texas's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

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

On average, The American National Bank of Texas charges its customers extremely low fees compared to the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. The American National Bank of Texas doesn't reimburse out-of-network ATM fees, meaning you will need to search for a The American National Bank of Texas 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

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. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service 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's online and mobile banking platforms get mediocre feedback from users. With 160 customer reviews on both iOS and Android platforms, the The American National Bank of Texas mobile app is scored at 2.9 out of 5 (compared to the national average of 3.8). You can use The American National Bank of Texas's app to control your accounts by monitoring current statements, sending and receiving funds as well as accessing customer service. The American National Bank of Texas gets an outstanding consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 is a large bank and owns assets totaling $3 billion as well as $3 billion in deposits. The American National Bank of Texas's Texas Ratio is 1.26%, denoting that the bank is in superb financial condition and improbable to fail. 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: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.65% APY
  • 48 Month: 0.75% APY
  • 60 Month: 1.00% APY
$1000 for all terms
Money Market Account 0.07% APY $25000

The American National Bank of Texas offers several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. The American National Bank of Texas 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. The American National Bank of Texas's CD rates are fair compared to the national average.

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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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