On This Page
On This Page
- At a glance
- Overall
- Texas Capital Bank bank products
- Bank experience
- Review Methodology
At a glance
Best regional bank
4.2
Rating: 4.2 stars out of 5
Bankrate Score
CDs
Rating: 4.2 stars out of 5
Checking
Rating: 4.7 stars out of 5
Savings
Rating: 3.5 stars out of 5
MMA
Rating: 3.6 stars out of 5
About Bankrate Score
Overview
The bank is best for consumers who live in Texas seeking accounts with relatively low minimum deposit requirements and competitive CD rates.
Highlights
- ATM Fee Refunds
- Low Min Deposit
Compare offers
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
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.
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, except where prohibited by law for our mortgage, home equity and other home lending products. 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
5.00
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 1/27/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer: Plus, no monthly fees and unlimited free external transfers
LendingClub
Member FDIC
Savings Account Details
5.00
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate5.00%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Plus, no monthly fees and unlimited free external transfers
Member FDIC
Savings Account
5.10
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 1/27/2024
Rating: 4.7 stars out of 5
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer:
BMO Alto
Member FDIC
Savings Account Details
5.10
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate4.96%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.60
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 1/27/2024
Rating: 5 stars out of 5
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.
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.
$0
Min. balance for APY
Promoted offer: No account fees & earn up to $300 w/ direct deposit. Terms apply.
SoFi
Member FDIC
Savings Account Details
4.60
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate4.60%
Minimum to avoid fees$0
Monthly fees$0
Check writingYes
No account fees & earn up to $300 w/ direct deposit. Terms apply.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
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.
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, except where prohibited by law for our mortgage, home equity and other home lending products. 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
4.9
Rating: 4.9 stars out of 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.
Bankrate Score
5.00
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 1/27/2024
$0
Min. balance for APY
Promoted offer: Plus, no monthly fees and unlimited free external transfers
LendingClub
Member FDIC
Savings Account Details
5.00
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate5.00%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Plus, no monthly fees and unlimited free external transfers
Member FDIC
Savings Account
4.7
Rating: 4.7 stars out of 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.
Bankrate Score
5.10
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 1/27/2024
$0
Min. balance for APY
Promoted offer
BMO Alto
Member FDIC
Savings Account Details
5.10
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate4.96%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
5.0
Rating: 5 stars out of 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.
Bankrate Score
4.60
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 1/27/2024
$0
Min. balance for APY
Promoted offer: No account fees & earn up to $300 w/ direct deposit. Terms apply.
SoFi
Member FDIC
Savings Account Details
4.60
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate4.60%
Minimum to avoid fees$0
Monthly fees$0
Check writingYes
No account fees & earn up to $300 w/ direct deposit. Terms apply.
Member FDIC
Savings Account
4.4
Rating: 4.4 stars out of 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.
Bankrate Score
4.35
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 1/27/2024
$1
Min. balance for APY
Promoted offer
American Express
Member FDIC
Savings Account Details
4.35
%
APY
$1
Min balance for APY
Offer rate as of1/27/2024
Interest rate4.26%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.7
Rating: 4.7 stars out of 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.
Bankrate Score
4.50
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 1/27/2024
$0
Min. balance for APY
Promoted offer
Marcus by Goldman Sachs
Member FDIC
Savings Account Details
4.50
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate4.50%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Overall
Texas Capital Bank is a commercial bank based in Dallas that offers consumer deposit products, credit cards and personal loans. A regional institution, Texas Capital offers competitive APYs on their CDs and savings accounts, though its money market and checking accounts are a tad lackluster, offering paltry interest rates compared to top-performing banks. While the bank is primarily headquartered in Texas, customers can get access to their money without fees using Allpoint ATMs scattered across the country.
Pros
The bank offers competitive APYs for its CDs.
Standard deposit products have low opening balance requirements.
The standard checking account doesn’t have monthly fees.
The bank has generous ATM access through its partnership with Allpoint.
Texas Capital Bank has a big umbrella, with commercial services and one online-only banking division.
Cons
If you don’t live in Texas and prefer in-person banking, this bank is not a good fit.
Yields on most deposits are either so-so or below national averages.
Texas Capital Bank banking products
3.5
Rating: 3.5 stars out of 5
Bankrate Score
Compare top savings rates
FEATURES
Texas Capital Bank savings overview
Texas Capital Bank's Consumer Savings account requires $100 to open, and it comes with a Visa debit card upon request.This account’s APY is best described as middling: It isn’t the best out there, but it far surpasses the national average.
Texas Capital Bank also offers a savings account for minors, called the Savings-Minor account, which offers the same APY as the regular savings account and offers a debit card upon request. In contrast to the regular checking account, you only need $25 to get started, but you need to visit a branch in order to open it.
Pros
There’s a low minimum deposit to open an account.
Both savings account options come with a Visa debit card.
Neither of the accounts incur monthly fees.
Cons
There are banks that pay much higher APYs on savings accounts.
See how rates for this account have changed over time.Interact with the trend lines to view APY by date.
Texas Capital Bank
APY
APY
National average APY
How do we get this data?
Texas Capital Bank savings rates
Date
Texas Capital Bank
APY
APY
National average APY
04/11/2023 2.02% 0.42% 04/04/2023 2.02% 0.42% 03/28/2023 2.02% 0.39% 03/21/2023 2.02% 0.39% 03/15/2023 2.02% 0.39% 02/28/2023 2.02% 0.37% 02/21/2023 2.02% 0.37% 02/14/2023 2.02% 0.37% 02/07/2023 2.02% 0.37% 01/31/2023 2.02% 0.35%
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
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.
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, except where prohibited by law for our mortgage, home equity and other home lending products. 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
5.00
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 1/27/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min balance for APY
LendingClub
Member FDIC
Savings Account Details
5.00
%
APY
$0
Min balance for APY
Offer rate as of1/27/2024
Interest rate5.00%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Plus, no monthly fees and unlimited free external transfers
Promoted offer: Plus, no monthly fees and unlimited free external transfers
4.2
Rating: 4.2 stars out of 5
Bankrate Score
Compare top CD rates
FEATURES
Texas Capital Bank CD overview
Texas Capital Bank offers two types of CDs: Regular and Premier. Premier CDs, which offer slightly higher yields, are only available to customers who have a Premier Checking account at this bank.
For both, you can choose from five terms ranging from 90 days to two years. The opening deposit for all CDs is $1,000, and Texas Capital offers competitive APYs for even the shortest term.
Pros
The $1,000 opening deposit is reasonable compared with some other banks.
It has a short-term option for customers who don't want to tie up their money for a long time.
The APYs for all CD terms are competitive.
Cons
You can find CDs at other banks with lower opening deposit requirements.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
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.
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, except where prohibited by law for our mortgage, home equity and other home lending products. 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
5.40
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 1/27/2024
Rating: 4.9 stars out of 5
Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$500
Min. deposit
14mo
Term
Marcus by Goldman Sachs
Member FDIC
CD Details
5.40
%
APY
$500
Min. deposit
14mo
Term
Offer rate as of1/27/2024
Minimum deposit$500
Expires 4/17/24. APY may change before CD is opened & funded.
Promoted offer: Expires 4/17/24. APY may change before CD is opened & funded.
3.6
Rating: 3.6 stars out of 5
Bankrate Score
Compare top money market rates
Texas 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 Premier MMA earns a slightly higher yield, but you need a Premier Checking account to open this MMA. The Premier MMA also offers unlimited out-of-network ATM fee rebates. In contrast, the standard MMA only provides 4 rebates per month.
While the regular MMA has no monthly fees, the Premier MMA incurs a $25 monthly fee unless there is a daily balance of at least $25,000 across combined Premier accounts, including Premier Checking.
Both accounts reward higher balance tiers with more interest, but a daily balance of $1 millon 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.
There are no monthly fees for the regular MMA.
Cons
Much higher yields — and lower minimum balance requirements to earn interest — 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 $1 million.
4.7
Rating: 4.7 stars out of 5
Bankrate Score
Compare top checking rates
Texas Capital Bank checking overview
Texas Capital Bank offers two checking accounts: Capital Interest Checking and Premier Checking. Both accounts earn some interest with the Premier account offering just a bit more, but higher APYs are available elsewhere.
The standard checking account doesn’t have monthly fees, but the Premier account does. It costs $25 per month unless there is a combined daily balance of at least $25,000 across combined Premier accounts, including the Premier money market account. The Premier account comes with a few perks, such as unlimited out-of-network ATM rebates and no overdraft fees.
For the standard checking account, overdraft fees are present but slightly limited. You may only be charged an overdraft fee if you overdraw your account on a transaction that’s more than $50, or you exhaust a $50 total overdraft cushion and overdraw your account again. The fee is $15 per overdrawn transaction up to 3 times per day.
Pros
Both checking accounts earn some interest.
Customers have fee-free access to over 55,000 Allpoint ATMs across the country.
The standard checking account doesn’t have monthly fees.
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.
There are overdraft fees of $15 per overdrawn transaction up to 3 times per day.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
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.
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, except where prohibited by law for our mortgage, home equity and other home lending products. 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
0.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 1/27/2024
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
To open
$0
To avoid fees
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of1/27/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Bank 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 Zelle.
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 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 one online-only banking division: Bask Bank, which offers a savings account that earns American Airlines miles instead of interest.
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. Read our full review methodology.
Feedback submitted
Thank you for sharing your experience with Bankrate
As an enthusiast and expert in the realm of banking and financial products, I bring years of experience in analyzing various institutions, their offerings, and the nuances of their services. My expertise extends to understanding the intricacies of savings accounts, CDs, money market accounts, and checking accounts, as well as how they compare in terms of interest rates, fees, and customer experience.
Analyzing the provided article, it's evident that the focus is on reviewing Texas Capital Bank and its array of products. Let's break down the concepts mentioned in the article:
-
Overall Assessment: The article provides an overview of Texas Capital Bank, highlighting its strengths such as competitive APYs on CDs, low minimum deposit requirements, and fee-free ATM access through Allpoint. It also mentions drawbacks like lower interest rates on money market and checking accounts and limited physical branch presence outside Texas.
-
Bank Products: Texas Capital Bank offers various products including savings accounts, CDs, money market accounts, and checking accounts. Each product has its own set of features, benefits, and potential drawbacks, as outlined in the article.
-
Review Methodology: The article briefly describes Bankrate's review methodology, which involves analyzing factors such as interest rates, fees, minimum balance requirements, and customer experience to provide an overall score for each type of account.
-
Savings Accounts: Texas Capital Bank offers savings accounts with relatively low minimum deposit requirements. While the APY may not be the highest available, it surpasses the national average. The article also mentions a savings account option for minors.
-
CDs (Certificates of Deposit): Texas Capital Bank offers two types of CDs - Regular and Premier, with competitive APYs and reasonable minimum deposit requirements. The Premier CDs are available to customers with a Premier Checking account.
-
Money Market Accounts (MMAs): Texas Capital Bank offers two money market accounts with varying APYs and features. Both require a minimum deposit to open and maintain, with higher balances earning higher interest rates.
-
Checking Accounts: Texas Capital Bank provides two checking account options, each with its own set of features, interest rates, and fee structures. While the standard checking account has no monthly fees, the Premier account requires a minimum daily balance to avoid fees.
-
Bank Experience: The article discusses customer service availability, mobile app functionality, ATM access, and other aspects of the banking experience with Texas Capital Bank.
-
About Texas Capital Bank: This section provides background information about Texas Capital Bank, including its headquarters, branch locations, and online banking division.
-
Review Methodology: The article concludes with an overview of Bankrate's review methodology, which aims to provide consumers with comprehensive insights into financial institutions and their offerings.
In summary, the article offers a thorough assessment of Texas Capital Bank and its products, providing valuable information for consumers seeking to make informed financial decisions.
