NexBank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.25% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 1.45% | 2-year CD | 24 Month CD |
| 1.35% | 18-month CD | 18 Month CD 1.30% - Ally Bank High Yield 18-Month CD |
NexBank is headquartered in Dallas and is the 16th largest bank in the state of Texas. It is also the 266th largest bank in the nation. It was established in 1934 and as of June of 2016, it had grown to 89 employees at 3 locations. NexBank's money market rates are 2X the national average, and it has an A health rating.
Related Posts
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
12/6/09 - 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 Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29209 |
| Year Established | 1934 |
| Employees | 89 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.4% |
| Return on Equity - YTD | 28.11% |
| Annual Interest Income | $47.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $3.49B$2.16B |
| Loans | Q2 2016vs Q2 2015 | $2.50B$1.65B |
| Deposits | Q2 2016vs Q2 2015 | $2.63B$1.76B |
| Equity Capital | Q2 2016vs Q2 2015 | $298.9MM$197.3MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $16.4MM$11.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $2.7MM$1.8MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $904.00K$952.00K |
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.
NexBank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $200 | - | Savings Account |
NexBank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.90% | $10k | - | High-Yield Money Market Savings |
NexBank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.90% | $2k | - | Platinum One Checking |
NexBank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $10k | - | 24 Month CD | |
| 1.35% | $10k | - | 18 Month CD | |
| 1.25% | $10k | - | 12 Month CD | |
| 0.85% | $10k | - | 6 Month CD | |
| 0.65% | $10k | - | 60 Month CD | |
| 0.50% | $10k | - | 48 Month CD | |
| 0.45% | $10k | - | 36 Month CD | |
| 0.15% | $10k | - | 3 Month CD | |
| 0.10% | $10k | - | 1 Month CD | |
| 0.10% | $10k | - | 2 Month CD |
| 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 |