At a glance

4.6

Bankrate Score

CDs

Checking

Savings

MMA

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

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

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

The bank offers competitive APYs for its CDs.
Standard deposit products have low opening balance requirements.
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.
The bank still charges overdraft fees.
Some of Texas Capital Bank’s deposit products require gargantuan deposits to earn the highest yields.

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Texas Capital Bank banking products

5.0

Bankrate Score

Compare top savings rates

FEATURES

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

There’s no minimum deposit to open either savings account at Texas Capital Bank.
The high-yield account offers a very high rate.
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.

Rate history for Texas Capital Bank's Savings account

Texas Capital Bank

APY

APY last updated between 11/16 and 11/22.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Texas Capital Bank

APY

APY last updated between 11/16 and 11/22.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

4.5

Bankrate Score

Compare top CD rates

FEATURES

Texas Capital Bank CD overview

Texas Capital Bank offers CDs with terms ranging from 30 days to two years. Each CD requires a $1,000 minimum opening deposit, and almost all of them earn a robust yield. The 12-month term offers the highest yield, followed by the six-month term, during the time of this review.

Boosted APYs are also available through Texas Capital’s “Preferred Pricing” benefit, but you’ll need to deposit at least $500,000 into a CD before seeing a higher yield. Preferred customer status is evaluated daily at the start of the day, determined by “the overall combined relationship balance of accounts,” according to the bank.

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 almost all CD terms are competitive.

Cons

You can find CDs at other banks with lower opening deposit requirements.
Customers need to deposit at least $500,000 into a CD before receiving an APY boost under the bank’s Preferred Pricing benefit.

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Texas Capital Bank money market overview

Texas Capital Bank offers just one money market account. While the account comes without a monthly fee, you need a $500 minimum daily ledger balance in order to earn interest. The account is tiered, so higher balances earn higher APYs, but you need at least $500,000 in deposits to earn a higher rate beyond the starting yield. To earn the highest yield, you need at least $25 million in deposits.

The account comes with a debit card from which you can make unlimited transactions, including ATM withdrawals at Texas Capital Bank and Allpoint ATMs. But you can only make up to $1,000 per day at ATMs.

Pros

There is no monthly service fee.
The money market account is tiered.
Yields are robust, though not the highest in the market.

Cons

Higher yields can be found at other banks.
The account requires a $500 daily balance to earn interest.
The top-notch APY requires at least $25 million in deposits.
You can’t withdraw more than $1,000 from an ATM per day.

4.8

Bankrate Score

Compare top checking rates

Texas Capital Bank checking overview

Texas Capital Bank offers two checking accounts: Star Checking and Star Plus Checking. The latter was the account scored for this review.

The Star Checking account is a non-interest bearing account that comes with a $12 monthly fee, which you can waive if you maintain an average monthly balance of $1,500. The account doesn’t reimburse ATM surcharge fees.

On the other hand, the Star Plus Checking account comes without a monthly fee and provides up to $20 in rebates per month for out-of-network ATM surcharge fees. Moreover, this account earns a modest interest rate. While it isn’t bad, you can find higher interest-bearing checking accounts elsewhere.

Both accounts come with access to Zelle and charge $15 in overdraft fees — which is below the national average — each time you make an overdrawn transaction. 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 can be charged up to three times a day for a total of $45 per day.

Pros

The Star Plus Checking account doesn’t charge a monthly service fee, earns interest and provides ATM fee rebates.
Accounts have access to peer-to-peer transactions through Zelle.

Cons

You can find higher yields at other banks.
The Star Checking account requires $1,500 to waive the $12 monthly fee.
There are overdraft fees of $15 per overdrawn transaction up to 3 times per day.
You can’t withdraw more than $1,000 from an ATM per day.

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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.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Texas Capital Bank APY APY last updated between 11/16 and 11/22. APY last updated between 11/16 and 11/22	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
11/19/2024	4.70%	0.56%
11/05/2024	4.90%	0.56%
10/08/2024	4.90%	0.57%
10/01/2024	5.10%	0.57%
09/03/2024	5.10%	0.61%
06/25/2024	5.10%	0.59%

Texas Capital Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about Texas Capital Bank

Texas Capital Bank banking products

Texas Capital Bank savings overview

Pros

Cons

Rate history for Texas Capital Bank's Savings account

Texas Capital Bank CD overview

Pros

Cons

Texas Capital Bank money market overview

Pros

Cons

Texas Capital Bank checking overview

Pros

Cons

Bank fees

About Texas Capital Bank

Customer experience

Review methodology

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