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Lone Star Bank Review 2022

Updated December 2, 2022
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At a glance

4.4
Rating: 4.4 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4.2 stars out of 5

Checking

Rating: 4.4 stars out of 5

Savings

Rating: 4.8 stars out of 5

MMA

Rating: 3.6 stars out of 5

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Overview

Lone Star Bank is a good fit for individual customers and businesses in the Houston area. It's also suited for people looking for competitive rates on deposits and those with supersize deposits who need extra FDIC coverage.

Highlights

  • ATM Fee Refunds
  • Free Checking
  • Highly Rated App
Compare offers
Bank logo
Member FDIC
Savings Account
3.60
%
APY
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.60
%
APY
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

Based in Houston, Lone Star Bank is a federally insured community bank serving individual consumers and businesses, small and large.

Pros

  • Checkmark

    It has a highly rated mobile app for Android and iOS devices.

  • Checkmark

    Customers can make mobile deposits, pay bills online and make person-to-person payments.

Cons

  • Lone Star Bank does not have an ATM network.

  • It has only four branches.

Lone Star Bank bank products

4.8
Rating: 4.8 stars out of 5
Bankrate Score

Lone Star Bank savings overview

Lone Star Bank has a Personal Savings account that pays a competitive APY, and provides access to online banking and bill pay and mobile banking. A $6 quarterly service charge applies unless you keep $200 in the account or link it to a $1,000 CD at the bank.

Pros

  • Checkmark

    The APY is competitive.

  • Checkmark

    The account comes with access to online and mobile banking.

  • Checkmark

    The service charge, should you incur it, is only $6 per quarter.

Cons

  • A $200 deposit is required to open the account.

  • With only four branches, customers who prefer ATMs and branch banking will find the account harder to access.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.60
%
APY
Rating: 4.4 stars out of 5
InfoHover for more
$0
Min balance for APY

Bank experience

Lone Star Bank has a highly rated mobile app, so customers can easily manage their accounts from anywhere. It also offers access to multimillion-dollar FDIC protection for depositors who need it. To contact the bank, customers fill out a form on the website and submit it. There is a phone number, but it is not listed prominently on the site.

About Lone Star Bank

Lone Star Bank is a community bank that was established in Houston in 2006. Most of its business is in commercial banking, but it also offers a full slate of personal banking products. It is insured by the Federal Deposit Insurance Corp. Lone Star Bank has a mobile app and offers online banking, as well as electronic bill payment and person-to-person electronic payments. It has four branches, all in Texas.

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.