Texas National Bank review: Hispanic American owned-bank that pays high interest rates
Overall bank review
Feature | Insider rating (out of 5) |
Savings | 3.75 |
Checking | 4 |
CD | 4 |
Money market account | 3.5 |
Trustworthiness | 5 |
Total | 4.05 |
Pros and cons
Pros | Cons |
|
|
Savings
You may like the
Checking
CD
Texas National Bank pays high rates on CDs, and the highest rate is on the 2-year term.
Money market account
You may like the
How Texas National Bank works
The Texas National Bank mobile app has 3.5 out of 5 stars in the Apple store, and 4.4 out of 5 stars in the Google Play store.
To contact customer service, call Monday through Thursday from 9:00 a.m. to 4:30 p.m. CT, or Friday from 9:00 a.m. to 6:00 p.m. CT.
Your deposits are FDIC insured for up to $250,000, or up to $500,000 for joint accounts.
Is Texas National Bank trustworthy?
Usually, we include Better Business Bureau grades when assessing a bank's trustworthiness. The BBB has not evaluated Texas National Bank yet, though. You may want to read online customer reviews or ask friends and family about their experiences with the bank.
How Texas National Bank compares to similar institutions
We've compared Texas National Bank to two other Hispanic American-owned banks in some of the same areas: Lone Star National Bank and Rio Bank.
Texas locations 7 (Edinburg, Elsa, McAllen, Mercedes, Mission, San Juan, Weslaco) | Texas locations 33 (Brownsville, Edinburg, Harlingen, Hidalgo, McAllen, Mission, Pharr, Rio Grande City, Roma, San Antonio, South Padre Island, Weslaco) | Texas locations 15 (Brownsville, Edcouch, Edinburg, Elsa, Harlingen, Palmview, Rio Grande City, Roma, San Juan, McAllen, Weslaco) |
Strongest accounts CDs | Strongest accounts CDs | Strongest accounts Checking |
Open an account |
Texas National Bank vs. Lone Star National Bank
Your choice between Texas National Bank and Lone Star National Bank may come down to which has a branch closest to your home. Lone Star has more branches in various parts of South Texas.
Texas National Bank's interest rates are more competitive, though. You have the potential to earn more on your savings, CDs, and money market accounts, depending on your balance.
Texas National Bank vs. Rio Bank
Again, the best choice could come down to whether you live closer to a Texas National Bank or Rio Bank branch.
Rio Bank has a variety of checking accounts to choose from, including one that pays interest and one for people who wouldn't normally qualify for a checking account with most banks.
About the author
Laura Grace Tarpley is an editor at Personal Finance Insider, covering bank reviews and guides. She is also a Certified Educator in Personal Finance (CEPF). Over her five years of covering personal finance, she has written extensively about ways to save.