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Texas Capital Bank Review 2024

Updated February 2, 2024
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At a glance

4.6
Rating: 4.6 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4 stars out of 5

Checking

Rating: 4.8 stars out of 5

Savings

Rating: 5 stars out of 5

MMA

Rating: 4.4 stars out of 5

About Bankrate Score

Overview

Texas Capital Bank is best for consumers living in Texas. Most accounts come with no or low monthly service fees and several of its deposit accounts offer competitive yields.

Highlights

  • ATM Fee Refunds
  • Low Min Deposit
Sponsored offers
Info

These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
4.25
%
APY
APY
Info
As of 7/25/2024
Rating: 4.4 stars out of 5
$1
Min. balance for APY
View offer Arrow Right
Promoted offer:
Bank logo
Member FDIC
Savings Account
5.30
%
APY
APY
Info
As of 7/25/2024
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: No account fees, unlimited withdrawals, better for the planet
Bank logo
Member FDIC
Savings Account
5.00
%
APY
APY
Info
As of 7/25/2024
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: Plus, no monthly fees and unlimited free external transfers

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 high-yield savings accounts, though its interest-bearing checking account is a tad lackluster. 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

  • Checkmark

    The bank offers competitive APYs for its CDs.

  • Checkmark

    Standard deposit products have low opening balance requirements.

  • Checkmark

    The bank has generous ATM access through its partnership with Allpoint.

  • Checkmark

    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.

  • The bank still charges overdraft fees.

  • Some of Texas Capital Bank’s deposit products require gargantuan deposits to earn the highest yields.

CTA We want to know what you think about Texas Capital Bank

We want to know what you think about Texas Capital Bank

Do you have experience with Texas Capital Bank? Let us know your thoughts.

Texas Capital Bank banking products

5.0
Rating: 5 stars out of 5
Bankrate Score

Texas Capital Bank savings overview

Texas Capital Bank’s Star Savings account doesn’t have a minimum opening balance requirement or a monthly fee, but you must have a Texas residential address in order to open the account. It offers a solid yield on all balances, though you can find higher yields elsewhere. Interest is compounded daily.

The bank also offers another account, called the Star High-Yield Savings account, for which you don’t need a Texas residential address to open. It also doesn’t require a minimum opening balance and doesn’t come with a monthly fee. As its name suggests, customers who open this account will earn a very high yield on all balances. Only Texas residents can deposit more than $1 million into the savings account, at which point the APY you earn is slashed by more than half.

Pros

  • Checkmark

    There’s no minimum deposit to open either savings account at Texas Capital Bank.

  • Checkmark

    The high-yield account offers a very high rate.

  • Checkmark

    You don’t need a Texas residential address to open a Star High-Yield Savings account.

Cons

  • There are banks that pay much higher APYs on base savings accounts.

  • Only customers with a Texas residential address can open the Star Savings account.

  • Texas Capital Bank
    APY
    APY
    Info
    National average APY
    How do we get this data?
    Info
Compare Offer
Sponsored Offer
Info

This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.

Bank logo
Member FDIC
Savings Account
4.25
%
APY
APY
Info
As of 7/25/2024
Rating: 4.4 stars out of 5
Info
$1
Min balance for APY
Promoted offer:

Bank fees

Fee Charged?
Overdraft fee $15
Non-sufficient funds fee None
Monthly maintenance fees $0 – $12
Out-of-network ATM fee None
Excessive transaction fee None

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 branches in Austin, Fort Worth, Plano, Dallas Richardson, Houston and San Antonio.

Texas Capital Bank has one online-only banking division: Bask Bank, which offers a savings account that earns American Airlines miles instead of interest.

Customer experience

Customer service. Customer support by phone is 24/7. You can also email the bank. 

Digital experience. The bank has a mobile app that is highly rated among iOS and Android device users, but it's important to note that neither app has been reviewed by a significantly large number of 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.

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.