Overview / Commentary
2515 Mckinney Ave, # 1100
Dallas, TX 75201

NexBank is headquartered in Dallas and is the 8th largest bank in the state of Texas. It is also the 143rd largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 85 employees at 3 locations. NexBank's money market rates are 14% higher than the national average, and it has an A health rating.

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NexBank's 12-Month CD Holds Steady At 2.70% APY - 7/24/2019

NexBank's nationally available 12-month CD continues to earn 2.70% APY. Minimum opening deposit $10k, with a balance cap of $240k.

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Reviews (1)

Bad Customer Experience

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(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!


Health Grade Components

FDIC Certificate #29209
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD11.22%
Annual Interest Income$285.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$9.77B$8.31B
LoansQ4 2019vs Q4 2018$6.67B$5.02B
DepositsQ4 2019vs Q4 2018$6.78B$5.12B
Equity CapitalQ4 2019vs Q4 2018$693.0MM$666.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$38.2MM$31.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$17.4MM$5.7MM
Real Estate OwnedQ4 2019vs Q4 2018$1.0MM$1.2MM
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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

0.15%--Savings Account

NexBank Money Market Rates

0.50%*$25k*-High-Yield Money Market Savings
OTHER TIERS: 0.10% $1k - $5k | 0.15% $5k - $25k

NexBank Checking Account Rates

0.50%--Platinum One Checking

NexBank CD Rates

0.75%$10k$240k12 Month CD
0.75%$10k$240k18 Month CD
0.75%$10k$240k36 Month CD
0.75%$10k$240k48 Month CD
0.75%$10k$240k60 Month CD
0.75%$10k$240k24 Month CD
0.50%$10k$240k3 Month CD
0.50%$10k$240k6 Month CD

NexBank Locations
Nexbank, SSB2515 Mckinney Ave, Suite 1100Dallas, TX 75201
Preston Center Branch6121 Luther LaneDallas, TX 75225
Mckinney Branch2515 Mckinney Avenue, Suite 1700Dallas, TX 75201

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