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Texas Citizens Bank1.20%-$25kReward Plus Checking
Texas Citizens Bank0.75%-$25kReward Checking
Accounts mentioned in this post. Rates as of August 20, 2014

High-Yield Reward Checking Account at a Texas Bank (Texas Citizens)


Texas Citizens Bank

Update 7/22/10: The top yield has fallen to 2.76% APY. Refer to the bottom of the post for the rate history.

Texas Citizens Bank has a reward checking account that pays 2.76% APY on balances up to $25,000 (1.00% for above) and refunds ATM fees if the following monthly requirements are met: 1) 12 non-ATM debit card transactions, 2) 3 bill payment transactions using TCB Online Banking, and 3) receive electronic statements. The minimum initial deposit is $100. One nice perk is that it offers free checks.

Update 6/04/10: The bank offers a reward checking account called Reward Plus that has a higher rate of 5.01% APY. The only extra requirement is direct deposit. All other features are the same.

The bank is listed at CheckingFinder when you enter in several Texas zip codes. So if you can find this bank when you search on CheckingFinder, you should be able to open this account online.

Branches are located in Houston and Pasadena, Texas. It's a new bank that was established in 2006. It's a member FDIC (Certificate # 58319).

For other high yield reward checking accounts and to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:

  • 07/22/10: 2.76% APY up to $25K; 0.50% over (no DD)
  • 06/04/10: 4.76% APY no DD, 5.01% APY w/DD (4 ACH requirements replaced with 3 online bill payments)
  • 01/12/09: 4.76% APY
  • 12/07/08: 5.01% APY
  • 04/18/08: 5.26% APY up to $25K; 1.00% over

Edit 8/23/09: Added info from reader regarding the 4 ACH requirements.

  Tags: Texas Citizens Bank, Texas, checking account, reward checking account

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Comment #1 by Anonymous posted on
The reward checking account now pays 5.01%

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the update.

Comment #3 by Anonymous posted on
As of 1/2/09 the top rate is 4.76% APY. Other rate remains same.

Comment #4 by Anonymous posted on
As of 8/17/09, the rate is still 4.76%. To clarify, I just had a phone call with its CSR. The 4 ACH debit requirements do NOT include DD. They have to be debit payment initiated thru their BillPay or the payee, like utility or credit card. I forget to ask the CSR, does anyone know if they will do a hard pull?

Comment #5 by Anonymous posted on
I live in Houston and went to the Pasadena branch last week.  They were very friendly and helpful and if the woman that I was talking to didn't know the answer to my question she found someone that did.  The branch was very nice looking and everyone seemed professional.  I can't wait to leave Bank of Mexico ( B.O.A) I am tired of everybody speaking spanish and poor customer service.

Comment #6 by Anonymous posted on
I wanted to mention that the bank changed the qualifications slightly to 3 bill payments through their online banking system for new accounts. Existing reward members still have to follow the old method of 4 ACH debits (ie can still use the other company's bill payment system).

FYI: The cycle for my account ends in the middle of the month on the 15th of each month.

Earn More interest by using the following services each monthly qualification cycle* …

3 bill payment transactions using TCB Online Banking 12 non-ATM Debit Card transactions Receive your bank statement online  *Qualification cycle means a period beginning one day prior to the current statement date through one day prior to the close of the current statement.

Add direct deposit to reward checking and earn higher yields

Comment #7 by Anonymous posted on
I recently changed my Reward Checking at TCB to Reward Plus for a higher 5.01% APY.  It has the same requirements as Reward Checking with the addition of a direct deposit.

Comment #8 by Anonymous posted on
hey do you have to live in houston to get this account?