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Texas Capital Bank Review 2020
Published April 2020 by Matthew Goldberg
Why trust us
Member FDIC
Savings account
Member FDIC
CD
Member FDIC
CD
Member FDIC
CD
Member FDIC
CD
Overall
2.8
Bankrate Score
Texas Capital Bank is a commercial bank with Texas locations.
What we like
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Offers access to branches in Texas.
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Offers a variety of CD terms.
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Generous ATM access provided through its partnership with Allpoint.
What we don't
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If you don’t live in Texas and prefer in-person banking, you will want to look elsewhere. All of Texas Capital Bank’s locations are in Texas.
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The bank offers APYs that are below the national average on its savings deposit accounts.
CD rates
3.2
Bankrate Score
Member FDIC
CD
Texas Capital Bank offers a wide range of terms on its CDs. The shortest term is 30 days and the longest term is five years.
What we like
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While not the lowest minimum balance requirement, the $1,000 required to open a CD at Texas Capital Bank is reasonable compared with other banks.
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Offers flexible terms, including a short-term option.
What we don't
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There are banks that have lower minimum opening balances for CDs.
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CDs longer than three years earn about half the APY of the bank’s three-year CD.
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You can find higher yields elsewhere.
Savings accounts
2.8
Bankrate Score
Member FDIC
Savings account
Savers at Texas Capital Bank have one main option: the consumer savings account. While it only earns the national average, it’s accessible. You only need to deposit $100 to open the account.
The bank also has the Minor’s Savings account, which requires $25 to open.
What we like
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Low minimum deposit requirements.
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Both savings accounts offer a debit card.
What we don't
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Other banks offer higher-yielding savings accounts.
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You will pay an account fee unless you keep at least $500 in your account every day.
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With the Consumer Savings account, you can make only two withdrawals per month, and six per quarter.
Checking accounts
3.4
Bankrate Score
Member FDIC
Checking account
Texas Capital Bank offers four checking accounts. If you’re looking for an account with both a low minimum opening balance requirement ($100) and no monthly fee, the Smart Checking may be an option for you. The other three checking accounts at Texas Capital Bank charge maintenance fees, but they each have ways to avoid the fees.
The Premier Interest Checking account offers free standard-style checks.
What we like
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Texas Capital Bank offers four checking accounts.
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The Capital Interest Checking account earns a little bit of interest.
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Offers access to thousands of ATMs across the country.
What we don't
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There are options available that earn a higher yield than the Capital Interest Checking account.
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The Premier Interest Checking account requires a $25,000 minimum daily ledger balance in your combined accounts to avoid a $25 monthly fee.
Money market accounts
1.6
Bankrate Score
Texas Capital Bank offers two money market accounts. To open either the Money Market Account or the Premier Money Market Account, you need to deposit only $100.
However, the Money Market Account will incur a $12 monthly fee if you don’t keep a daily ledger balance of at least $2,500.
The Premier Money Market Account doesn’t have a monthly maintenance fee as long as it’s linked to your Premier Interest Checking account. But the Premier Interest Checking account requires $25,000 in combined balances. Even though the Premier Money Market Account rewards higher-balance tiers with slightly more interest, the yield is still below the national average. These APYs aren’t keeping up with inflation and would cause your money to lose purchasing power over time.
What we like
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Very low minimum requirements to open both money market accounts at Texas Capital Bank.
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Both money market accounts reward certain higher balances through tiered interest rates.
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Even though the Premier Money Market Account rewards higher-balance tiers with slightly more interest, the yield is still below the national average.
What we don't
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You can find higher yields elsewhere.
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Both money market accounts require that you maintain a minimum daily ledger balance of at least $500 in order to earn interest.
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Even though the Premier Money Market Account rewards higher-balance tiers with slightly more interest, the yield is still below the national average.
Bank experience
Client phone support at Texas Capital Bank is only available from 8 a.m. to 6 p.m. CST, Monday through Friday.
Texas Capital Bank has Apple Pay.
About Texas Capital Bank
Texas Capital Bank has been around for more than 20 years. The bank, which has its headquarters in Dallas, has around 13 locations — all in Texas. It has banking centers in Austin, Dallas, Fort Worth, Houston and San Antonio.
Texas Capital Bank also has two online divisions: BankDirect and Bask Bank.
Matthew Goldberg @MATTATBANKRATE
Matthew Goldberg is a consumer banking reporter at Bankrate. Nearly his entire career has either been as a reporter or working in financial services, in banking and insurance. His writing has been featured on MSN, appeared in Sports Illustrated On Campus, The Atlanta Journal-Constitution, The Buffalo News and other publications. He has been honored by both the Illinois Associated Press Editors Association and the Illinois Press Association. Matthew is currently on the Society for Advancing Business Editing and Writing (SABEW) Board of Governors. He has previously served on conference planning committees, the training committee and the finance committee for SABEW, which is the world's largest and oldest organization of business and financial journalists. His reporting career has included working as a staff reporter at two daily newspapers. He earned a bachelor’s degree at Illinois State University and an MBA at William Paterson University.
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