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West Texas National Bank Review

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West Texas National Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1979, West Texas National Bank has assets totaling $1 billion and $1 billion in deposits, making it a medium-size bank. West Texas National Bank, whose headquarters are in Midland, 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 offerings. On the whole, West Texas National Bank is a good bank that deserves your consideration, with a rating of 3.9 stars out of 5 from the SmartAsset experts. West Texas National Bank has multiple product offerings, including savings accounts, checking accounts, CDs, mortgage products and credit cards. West Texas National Bank has a fair savings rate compared to the average savings account. Institutions that offer free checking as well as a high interest rate savings account are the best bet for gaining the most income from your deposits while maintaining 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

With a savings rate of 0.03%, West Texas National Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 0.98% and the five-year CD has a rate of 1.91%, while its highest-yielding money market account earns at a rate of 0.03%. Given its poor savings rate, you should consider looking at the competition to open savings accounts.

How West Texas National Bank's Savings Rates Compare

West Texas National Bank Savings 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on West Texas National Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

West Texas National Bank is a brick-and-mortar bank, with 10 total branches in Texas. With mobile and web apps, West Texas National Bank makes mobile banking straightforward, even on the go. West Texas National Bank gets inferior marks from users for its online presence. The West Texas National Bank mobile app has an overall rating of 3.4 out of 5 (out of 30 customer reviews on Apple and Android) compared to the national average of 3.8. West Texas National Bank's mobile app allows you to control your accounts by reviewing account balances, sending and receiving funds as well as reaching customer service. West Texas National Bank receives a superb consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

West Texas National Bank is currently a medium-size bank and has assets totaling $1 billion as well as $1 billion in deposits. West Texas National Bank's Texas Ratio is 7.76%, indicating a small possibility of failure. Additionally, West Texas National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 West Texas National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.025% APY $50
Checking Account 0.03% APY $2500
Certificates of Deposit
  • 12 Month: 0.98% APY
  • 24 Month: 1.28% APY
  • 36 Month: 1.62% APY
  • 48 Month: 1.85% APY
  • 60 Month: 1.91% APY
$1000 for all terms
Money Market Account 0.03% APY $25000

West Texas National Bank offers several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. West Texas National Bank does not have the best savings rate, which means you should think about taking a look 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. West Texas National Bank's CD rates are fair in comparison to other U.S. banks.

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Find a West Texas National Bank Near Me

West Texas National Bank has 10 physical locations across the U.S.

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