Texas Capital Bank Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The bank also offers the Savings – Minor account for savers under age 16. It requires $25 to open, comes with a Visa debit card and pays the same APY as Consumer Savings.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The regular MMA incurs a $12 monthly fee unless there is a daily balance of at least $2,500. There is no monthly fee with the Premier account if it's linked to Premier Checking, but that account has a minimum daily balance requirement of $25,000.
Both accounts reward higher balance tiers with more interest, but a daily balance of $100,000 is required to earn the highest rate.
The fee for nonsufficient funds is a steep $45, higher than what many banks and credit unions charge. On a positive note, Texas Capital customers have fee-free access to over 55,000 ATMs in the Allpoint network.
The other three checking accounts charge maintenance fees that can be waived if minimum balance requirements are met.
The Capital Interest and Premier checking accounts earn some interest, but higher APYs are available elsewhere. The Premier account comes with a few perks, such as free personalized checks, but there is a whopping $25 monthly maintenance fee unless a combined minimum daily balance of $25,000 in related accounts is maintained.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Texas Capital BankTexas Capital Bank Review 2022
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
3.7 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
The bank is best for consumers who live in Texas seeking accounts with relatively low minimum deposit requirements.Highlights
ATM Fee Refunds Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Texas Capital Bank is a commercial bank based in Dallas that also offers consumer deposit products, credit cards and personal loans.Pros
It offers a variety of consumer deposit products and checking accounts. The bank has generous ATM access through its partnership with Allpoint. Texas Capital Bank has a big umbrella, with commercial services and two online-only banking divisions.Cons
If you don’t live in Texas and prefer in-person banking, this bank is not a good fit. Yields on deposits are either so-so or below national averages.Texas Capital Bank bank products
Savings CD Money Market Checking 2.4 Bankrate ScoreTexas Capital Bank savings overview
Texas Capital Bank's Consumer Savings account requires $100 to open, comes with free mobile and online banking, and a Visa debit card. It currently earns less than the national average.The bank also offers the Savings – Minor account for savers under age 16. It requires $25 to open, comes with a Visa debit card and pays the same APY as Consumer Savings.
Pros
The opening deposit requirements are reasonable. Both savings account options come with a Visa debit card.Cons
There are banks that pay much higher APYs on savings accounts. You must maintain a daily balance of at least $500 in the Consumer Savings account to avoid the $5 monthly fee. The Consumer Savings account allows only two withdrawals per month, or six per quarter. There is a $2 fee for each savings account withdrawal that exceeds the limit. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 4.2 Bankrate ScoreTexas Capital Bank CD overview
Texas Capital Bank offers 10 CD terms ranging from 30 days to five years. The opening deposit is $1,000. Customers who open CDs of two years or longer get slightly higher yields if they have $25,000 in combined deposit balances. Still, yields are not that exciting and they're easily beat, especially by online banks.Pros
The $1,000 opening deposit is reasonable compared with some other banks. The range of terms enables depositors to build a CD ladder. It has a short-term option for customers who don't want to tie up their money for a long time.Cons
You can find higher yields at other financial institutions. You can find CDs at other banks with lower opening deposit requirements. The five-year CD pays less than some of the shorter terms. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.1 Bankrate ScoreTexas Capital Bank money market overview
Texas Capital Bank offers two money market accounts. The opening deposit for both the standard money market account and the Premier MMA is only $100, but a daily balance of $500 is required to earn interest.The regular MMA incurs a $12 monthly fee unless there is a daily balance of at least $2,500. There is no monthly fee with the Premier account if it's linked to Premier Checking, but that account has a minimum daily balance requirement of $25,000.
Both accounts reward higher balance tiers with more interest, but a daily balance of $100,000 is required to earn the highest rate.
Pros
The opening deposit requirements for both money market accounts is only $100. Both money market accounts reward higher balances through tiered interest rates.Cons
Much higher yields can be found at other banks. Both money market accounts require a minimum daily balance of $500 to earn interest. The highest yield doesn't kick in until the daily balance hits $100,000. To open an account, you must live in Texas and apply at a branch. 4.7 Bankrate ScoreTexas Capital Bank checking overview
Texas Capital Bank offers four checking accounts, all of which require a minimum opening deposit of $100 and two of which pay interest. If you’re looking for an account with no monthly fee and no minimum balance requirement, the Smart Checking is worth considering. It's not interest-bearing, but it does come with a debit card and access to online and mobile banking.The fee for nonsufficient funds is a steep $45, higher than what many banks and credit unions charge. On a positive note, Texas Capital customers have fee-free access to over 55,000 ATMs in the Allpoint network.
The other three checking accounts charge maintenance fees that can be waived if minimum balance requirements are met.
The Capital Interest and Premier checking accounts earn some interest, but higher APYs are available elsewhere. The Premier account comes with a few perks, such as free personalized checks, but there is a whopping $25 monthly maintenance fee unless a combined minimum daily balance of $25,000 in related accounts is maintained.
Pros
The Smart Checking account has a low opening deposit and no monthly service charge. There are four checking account options to fit different needs. There are two checking accounts that earn some interest. Customers have fee-free access to over 55,000 Allpoint ATMs across the country.Cons
You can find higher yields at other banks. Premier checking requires a $25,000 minimum daily balance in combined accounts to avoid a $25 monthly fee. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Customer service by phone is available from 8 a.m. to 6 p.m. Central time, Monday through Friday. You can also email the bank. The bank has a mobile app that gets mixed reviews among iOS and Android device users. Person-to-person payments can be made using PayNow. You can use your Texas Capital Bank-issued debit card at ATMs in the Pulse, Cirrus, Accel and Allpoint networks, but to avoid a service fee, use a Texas Capital Bank or Allpoint network ATM. The debit card works with Apple Pay and Google Pay.About Texas Capital Bank
Texas Capital Bank is an FDIC-insured commercial bank that also offers personal banking products, including checking and savings accounts, CDs, money market accounts, credit cards and personal loans. It is headquartered in Dallas, with banking centers in Austin, Fort Worth, Houston, San Antonio and New York City. Texas Capital Bank has two online-only banking divisions: Bask Bank, which offers a savings account that earns American Airlines miles instead of interest, and BankDirect, which offers consumer checking, savings and money market accounts and CDs.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .