NexBank is headquartered in Dallas and is the 10th largest bank in the state of Texas. It is also the 158th largest bank in the nation. It was established in 1934 and as of December of 2018, it had grown to 85 employees at 3 locations. NexBank's money market rates are 5X the national average, and it has a B health rating.
Related Posts
5/2/10 - Bump-Up & Add-On CD at NexBank in Dallas Texas - Local Only
3/14/10 - 2.00% 24-Month Add-On CD at NexBank in Dallas - Local Only
2/10/10 - NexBank Increases the Rate of its 24-Month CD Special - Texas Only
1/5/10 - 2.25% 24-Month Add-On CD at NexBank in Texas - Local Only
8/30/09 - 2.45% 24-Month Add-On CD & 2.15% 12-Month CD at NexBank in Texas
5/5/09 - 2.85% 24-Month Add-On CD at NexBank in Texas
7/8/08 - 4.28% 12-Month CD at a Dallas Bank (NexBank)
5/6/08 - 3.50% 12-Month Liquid CD Promotion at NexBank
Bad Customer Experience
(1) Online presence is awkward to use. (2) Opted to establish a "link" to my personal checking account in order to transfer in and out. Applied online and received approval in just a day or two. But, when I tried to transfer out funds upon CD maturity I was told that out-of-state accounts could not be used. (3) In order to withdraw funds I had to send a notarized letter, a ridiculous requirement that only added to the "float" time they benefit from. (4) Trying to speak with anyone at the bank was difficult and you have to leave a message and wait for a return call. Played 'telephone tag.'
Certainly will not patronize this bank again!
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29209 |
| Year Established | 1934 |
| Employees | 85 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.43% |
| Return on Equity - YTD | 18.43% |
| Annual Interest Income | $209.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $8.31B$8.35B |
| Loans | Q4 2018vs Q4 2017 | $5.02B$5.14B |
| Deposits | Q4 2018vs Q4 2017 | $5.12B$5.95B |
| Equity Capital | Q4 2018vs Q4 2017 | $666.1MM$560.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $31.7MM$31.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $5.7MM$3.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $1.2MM$892.00K |
Always verify rates and promotions with the bank or credit union. We are not NexBank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
NexBank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Savings Account |
NexBank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.05%* | $25k* | - | High-Yield Money Market Savings | ||
| OTHER TIERS: 1.40% → $1k - $5k | 1.80% → $5k - $25k | |||||
NexBank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | - | - | Platinum One Checking |
NexBank CD Rates
| NexBank Locations | ||
|---|---|---|
| Nexbank, SSB | 2515 Mckinney Ave, Suite 1100 | Dallas, TX 75201 |
| Preston Center Branch | 6121 Luther Lane | Dallas, TX 75225 |
| Mckinney Branch | 2515 Mckinney Avenue, Suite 1700 | Dallas, TX 75201 |