which is poor compared to other U.S. banks. Texas Bank's CDs feature a rate of 4.07% and 4.07% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 3.04%. Given Texas Bank's noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

Texas Bank charges customers extremely low fees as compared against the national average. With no monthly fee, Texas Bank is ideal for those who want a basic checking account. Texas Bank unfortunately does not reimburse out-of-network ATM charges, which means you'll need to locate a Texas Bank ATM or eat the withdrawal fee.

with 12 total branches in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. Texas Bank's online and mobile banking platforms receive mediocre marks from users. The Texas Bank mobile app is rated at 3.4 out of 5 (out of 91 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Texas Bank's app to control your funds by looking at current statements, transferring funds and reaching customer service. Texas Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

with assets totaling $822.2 million and $709.7 million in deposits. Texas Bank has a strong Texas Ratio of 2.99%, suggesting a tiny possibility of failure. Additionally, Texas Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.