Best Banks and Credit Unions in Texas for 2025
Earn up to 4.00% APY* & up to $50 or $400 with direct deposit*
- Limited Time Offer - New accounts earn a 0.70% APY boost to 4.00% for up to 6 months with eligible direct deposit*
- $0 min. balance to earn APY
- Open Checking & Savings Accounts with 1 Sign Up
- Up to 2-Day-Early Paycheck3
- Access additional FDIC insurance up to $3M on deposits4
- No Account Fees5 & No-fee Overdraft Coverage6
*Terms Apply
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Up to $400 Bonus Tiered Disclosure
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
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APY disclosures
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet. -
Fee Policy
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/. -
Additional FDIC Insurance
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks. -
ATM Access
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time. -
Early Access to Direct Deposit Funds Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
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Overdraft Coverage Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi.
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0.70% Savings APY Boost
Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Earn Up to 3.75% APY* with Barclays' Tiered Savings Account
- $0 Min. Balance to Earn APY on Barclays' Tiered Savings
- No Monthly Maintenance Fees
- Easy Direct Deposits & Online Transfers
- Deposits are FDIC Insured
*Rate as of 4/14/2026
* Barclays Tiered Savings Annual Percentage Yields (APYs) are accurate as of 01/13/2025 and may change at any time without prior notice, before or after the account is opened. The APYs are determined by the Balance Tiers (Tiers) and the amount deposited. The same rate may apply to multiple Tiers and Tiers may change without notice. APY is calculated based on the Tier into which the end of day account balance falls. Fees could reduce the earnings on the account. No minimum balance to open, but for interest to post to your account you must maintain a minimum balance that would earn you at least $0.01. Please see the Compare Account Page for current Tier and APY information. The APY for the Barclays Tiered Savings account for balance tiers greater than $250,000 are currently 10X the national average of 0.46% APY, based on the national average of savings account rates published in the FDIC's National Rates and Rate Caps, accurate as of 09/16/2024.
Earn 4.10% APY* for 6 months with $5k min. balance
- $5,000 min. balance to earn top APY
- $100 minimum deposit to open an account
- No account opening or monthly service fees
*Boosted rate for 6 months; 3.75% APY after. Enter promo code CITBOOST for APY bonus. Rate as of 04/13/2026.
*For complete list of account details and fees, see our Personal Account disclosures
1 Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-ofday account balance. *APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
2 Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.
*Platinum Savings APY Boost Promotion Terms and Conditions
This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends June 30, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.
The promotion can end at any time without notice.
New CIT Bank Customers: This Platinum Savings APY Boost promotion offer is valid for New CIT Bank customers, who, at account opening, do not have a valid CIT Bank User ID (a "New Customer") or any open CIT Bank accounts provided that the following requirements are met:
• New customers must open a Platinum Savings account with a valid Promo Code, CITBoost. The Platinum Savings APY Boost Promo Code will appear on the online account opening enrollment web page. The Promo Code must be used at the time of account opening. Accounts opened during the program period without the Promo Code are ineligible to receive the APY boost.
• The enrolled Platinum Savings account must be open to receive the APY boost during the promotional period.
CIT Bank Customers with an account prior to the promotion: This Platinum Savings APY Boost promotion is valid for a Primary account owner with an existing account with a CIT Bank User ID before the start of the promotion, provided that the following requirements are met:
• Customers without a Platinum Savings account open prior to the Promotion must open a new Platinum Savings account via the enrollment web page using Promo Code CITBoost.
• Customers with a Platinum Savings account opened prior to the promotion may enroll their current Platinum Savings account into the Platinum Savings Boost promotion via the enrollment web page using Promo Code CITBoost.
• Customers who are not the Primary account owner on a Platinum Savings account may open a new Platinum Savings account as the primary account owner via the enrollment web page using Promo Code CITBoost.
• Accounts opened or enrolled during the program period without the Promo Code are ineligible to receive the APY boost.
There is a limit of one Platinum Savings APY Boost promotional offer per account and per Primary customer. If multiple Platinum Savings accounts are opened, only one account per primary account owner is eligible.
There is no minimum account balance requirement to participate in the Platinum Savings APY Boost promotion.
Additional Important Terms
• The Platinum Savings APY Boost promotion may not be combined with other promotions.
• Customers are ineligible to participate in the Platinum Savings APY Boost promotion if:
o They are earning an APY over the standard rate.
o They participated in a cash bonus promotion in the past 6 months.
• Custodial accounts and accounts in the name of a Trust are not eligible.
• This offer is non-transferable.
The value of Platinum Saving Boost will be reported as interest income on IRS Form 1099-INT for the calendar year in which it was paid. The recipient is responsible for any applicable taxes.
There are over 200 banks and credit unions operating in the Lone Star State. If that number seems overwhelming, we can help. Money researched the leading financial institutions in Texas based on account offerings, annual percentage yields (APYs), fees and interest rates.
Here are our picks for the best banks and credit unions in Texas for 2024-2025:
- Prosperity - Best Overall
- First National Bank Texas - Best for CDs
- Frost Bank - Best for Money Market Accounts
- PNC - Best for Checking Accounts
- Woodforest National - Best for Speciality Accounts
*Rates and APYs are subject to change. All information provided was accurate as of Oct. 8, 2024.
Best Overall: Prosperity
Prosperity offers a variety of deposit accounts, including specialized accounts for teens. It also offers innovative features like its Good Cents program to help people round up their savings and build a safety net. In addition to its fee-free checking accounts, the bank also has interest-bearing and premiums checking options, and it operates hundreds of branches throughout Texas, giving you easy access to your money.
However, Prosperity charges monthly fees on its savings accounts, which is a significant drawback. It also has limited CD terms. Those looking for CDs with terms over 60 months will have to work with another bank.
- Checking options without monthly fees
- Interest-bearing checking available
- Hundreds of branches and ATMs
- Fees on savings accounts
- Limited CD terms
Best for CDs: First National Bank of Texas
The First National Bank of Texas offers CDs with much higher-than-usual rates. It has a low minimum deposit requirement; while some banks require thousands to open a CD, you can open a CD with First National Bank Texas with just $500.
First National Bank Texas has several checking options, including a high-yield checking account, but it charges monthly fees on some checking and savings accounts. Additionally, it doesn't disclose its savings APYs on its website. You have to visit a branch for details.
- Low deposit requirement for CDs
- Higher-than-average APY on some CD terms
- High-yield checking options
- Doesn't disclose savings APYs online
- Monthly fees on checking and saving accounts
Best for Money Market Accounts: Frost Bank
A money market account can be a great way to build your savings and earn interest. And, with Frost bank, you can earn a substantially higher-than-usual APY. And, if you maintain a balance of at least $15,000, you won't have to pay a monthly fee.
Frost Bank was ranked by J.D. Power as the best in the state in its U.S. Retail Customer Satisfaction Study.
However, the balance requirement to qualify for fee waivers is relatively high, and its savings accounts have lower-than-usual APYs.
- Top-ranked for customer satisfaction
- Higher-than-average APYs on money market accounts
- Low minimum deposit
- High balance requirement to qualify for fee waivers
- Lower APYs on savings accounts
Best for Checking Accounts: PNC
By opening a checking account with PNC Bank, you can combine the function and ease of a checking account with the ability to earn interest. Its accounts pay a competitive rate for checking accounts, helping you grow your money. New customers can qualify for substantial bonus offers, and PNC has money management tools you can use to create a budget and track your spending.
It should be noted, though, that PNC does have monthly fees on most deposit accounts. Also, the bank doesn't offer money market accounts.
- New customers promotions
- Interest-bearing checking
- Money management tools
- Monthly fees apply
- No money market accounts
Best for Speciality Accounts: Woodforest
Woodforest National has specialized accounts for certain groups, such as adults 55 and older, those who have had banking challenges in the past and kids. These accounts feature low fees and minimum deposits. The bank offers several checking options, including interest-bearing options that can build interest over time.
However, it has limited CD term options, and it doesn't offer money market accounts, so some customers may choose to open an account with another bank to take advantage of those options.
- Offers second chance bank accounts
- Checking and savings options for seniors and kids
- Interest-bearing checking accounts available
- Limited CD terms
- No money market accounts
Compare Savings Accounts rates today
Up to 2-day-early paycheck
Earn up to 4.00% APY* & up to $50 or $400 with direct deposit*
- Limited Time Offer - New accounts earn a 0.70% APY boost to 4.00% for up to 6 months with eligible direct deposit*
- $0 min. balance to earn APY
- Open Checking & Savings Accounts with 1 Sign Up
- Up to 2-Day-Early Paycheck3
- Access additional FDIC insurance up to $3M on deposits4
- No Account Fees5 & No-fee Overdraft Coverage6
*Terms Apply
No monthly maintenance fees
Earn Up to 3.75% APY* with Barclays' Tiered Savings Account
- $0 Min. Balance to Earn APY on Barclays' Tiered Savings
- No Monthly Maintenance Fees
- Easy Direct Deposits & Online Transfers
- Deposits are FDIC Insured
*Rate as of 4/14/2026
Open an account in 5 minutes
- With a Balance of $5,000 or More*
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Earn 0.25% APY with a Balance of Less than $5k*
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$100 Minimum Deposit to Open Account
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No Account Opening or Monthly Service Fees
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CIT Bank Account is FDIC Insured
How we chose the Best Banks of 2024-2025
To determine our list of best banks for 2024-2025, Money evaluated hundreds of the largest retail banks, credit unions, regional and state banks and online banks ranked by assets. We then compared opening balance requirements, interest paid, fees and features to determine our top picks.
To choose the best banks in Texas, we researched leading banks and compared their account offerings, rates, fees, deposit requirements and customer satisfaction ratings. We also evaluated each bank's branch and ATM network, and what online tools and resources are available to customers.
You can read our full methodology here.