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877-TRY-BEAL (877-879-2325)
6000 Legacy Drive
Plano, TX 75024

Beal Bank is a Texas-based bank that focuses its product offerings on deposit accounts and is considered a wholesale bank because it doesn’t offer checking accounts or consumer loans. The bank is, however, active in trading various loans in the secondary market.

Beal Bank offers a savings account, money market accounts, CDs, and IRA CDs in its line of depository products. Its savings account has a minimum deposit requirement and requires a minimum monthly balance in order to earn interest. Money market accounts are available and come with a minimum initial deposit requirement. They also require a minimum account balance in order to earn interest, with interest levels varying depending on balance amounts. Certificates of deposit (CDs) are available in term lengths from 3 to 12 months. A minimum balance must be maintained in order to earn interest and rates vary based on location. Beal Bank is able to offer higher than average rates, compared to other banks its size, due to its limited overhead costs associated with operating fewer branches.

Beal Bank online banking provides a secure and sophisticated web-based platform from which customers can manage their accounts, pay bills, transfer funds, and track expenses. Beal’s website offers an information or knowledge tab to help guide consumers with basic banking questions and online safety tips.

Beal Bank was originally established in 1988 as Beal Savings Banc. In 1994 it changed its organization type with the FDIC to stock savings bank, and seven years later moved its headquarters from Dallas to Plano, Texas. In 2004, Beal Bank USA was started by Beal Bank’s founder, Andy Beal, and exists as a separate institution despite offering many of the same products and rates.

Related Posts

Beal Bank Advertising A Decent 12-Mo CD Rate In San Diego - 6/29/2016

Saw this Beal Bank ad in today's San Diego Union Tribune: 1.21% APY 12-month CD. Minimum balance is $1,000. The address is 8880 Rio San Diego Drive, Suite 103, San Diego, CA 92108, 877-248-0452

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Reviews (1)

Dont' Put Your Money Here

Posted by: Anonymous | Jan 26, 2011

Do not put your money here. We did and after weeks of them not getting the paperwork right they changed the CD rate we signed up for. Then charged us to remove our money because they didn't give us the rate quoted. Instead of getting the higher rate that they advertised, we got 1.01 when all other banks were giving 2.9.


Health Grade Components

FDIC Certificate #32574
Year Established1988
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.54%
Return on Equity - YTD10.57%
Annual Interest Income$133.5MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.43B$2.01B
LoansQ4 2016vs Q4 2015$1.88B$1.60B
DepositsQ4 2016vs Q4 2015$1.25B$867.1MM
Equity CapitalQ4 2016vs Q4 2015$1.07B$974.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$28.4MM$31.1MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$184.8MM$223.2MM
Real Estate OwnedQ4 2016vs Q4 2015$19.8MM$30.8MM

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Beal Bank has 17 locations. Click to view all Beal Bank locations.