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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


West Texas National Bank started in 1979 with its headquarters in Midland, Texas. West Texas National Bank owns assets of $1 billion and $1 billion in deposits, which makes it a medium-size bank. West Texas National Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated West Texas National Bank 3.9 out of 5 stars, suggesting it is a respectable bank that warrants your consideration. West Texas National Bank has a choice of banking products, including savings accounts, checking accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Locating a bank with no-fee checking, in addition to a high savings APY is the best option for accruing the highest income from your deposits alongside convenient 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 national average. Its one-year CD has a rate of 0.98% and the five-year CD earns at a rate of 1.91%, while its highest-yielding money market account earns at a rate of 0.03%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.

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 account access straightforward, even on the go. West Texas National Bank gets unsatisfactory marks from users for its mobile banking services. With 30 customer reviews on Apple and Android platforms, the West Texas National Bank mobile app rates a 3.4 out of 5 (compared to the national average of 3.8). West Texas National Bank's mobile app lets you manage your funds by monitoring current statements, transferring money and reaching support representatives. West Texas National Bank receives an exceptional consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 a medium-size bank with $1 billion in assets as well as deposits totaling $1 billion. Its Texas Ratio is 7.76%, indicating that West Texas National Bank is in good financial health and far from 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 to give you many options to manage your money. West Texas National 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. West Texas National Bank's CD rates are fair compared to other U.S. banks.

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Find a West Texas National Bank Near Me

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

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