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Best Savings Accounts in Texas of October 2022

Victoria Daniel

Texas is home to a diverse bank pool that provides residents with various online and traditional banking services. If you are searching for savings accounts, there are a wide range of options available.

A high-yield savings account helps you maximize the returns on every dollar saved. Whether you are saving for an emergency fund, buying a car, or going on vacation, this account will help you reach your goals faster.

When shopping for a high-yield savings account, it is important to find one best suited for your financial needs. Apart from a high APY, your banking habits and preferences also come into consideration.

Consider the account fees, minimums, customer service, safety, among other features. You may find an account with a high APY but also with high account monthly charges and transaction fees. It is important to compare the available options and account fees.

WalletBrain has compiled its top picks of some of the best savings accounts in Texas to make your work easier. Compare the fees and features to find what is most suitable for you.

FDIC insured with check writing capabilities

$0

Min. To Earn APY

3.01%

Est. APY

Overview

UFB Direct Rewards Savings comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.

What we like

  • Competitive interest rates
  • No minimum deposit
  • No recurring maintenance fees
  • Nationwide fee-free ATMs
  • Check writing capabilities
  • FDIC insured

What we don't

  • No physical branches
  • Account options are limited

Online banking with no monthly fees

$0

Min. To Earn APY

2.70%

Est. APY

Overview

This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

2.15%

Est. APY

Overview

Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

No monthly, minimum, and overdraft fees

$0

Min. To Earn APY

0.61%

Est. APY

Overview

This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus

Provides access to money management tools

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee