Security Bank of Crawford (TX) Adds New Rewards Checking Account


Deal Summary: Rewards Checking, 3.00% APY on qualifying balances up to $15k.

Availability: Bell County and McLennan County, Texas

A year ago, Security Bank of Crawford (Security Bank) was one of the few Texas-based banks that offered Kasasa brand products statewide. That ended two months ago when Security Bank stopped offering the Kasasa Cash and Kasasa Saver accounts and added a Rewards Checking account that’s only available locally. The Rewards Checking currently earns 3.00% APY on qualifying balances up to $15k (just like the Kasasa Cash account). Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

3.00%-$15kSecurity Bank of Crawford Rewards Checking
Rates as of February 21, 2024.

The qualification cycle requirements have remained the same and include,

  • At least 12 debit card purchases
  • At least one ACH debit or credit transaction
  • Be enrolled in and agree to receive e-Statements

The Rewards Checking account has no minimum balance requirement or monthly service fee, but does require a $50 minimum opening deposit. Nationwide ATM fees will be reimbursed up to a total of $25 each month, if qualifications are met. Unlimited check writing is available and a free Mastercard debit card will be issued following account opening. There is a limit of one account per Social Security number.


Headquartered in Crawford, Texas, Security Bank of Crawford’s market area includes the City of Crawford, Bell County, and McLennan County.

While the Kasasa brand products were offered to all Texas residents through an online application, opening the new Rewards Checking account must be done at either of two Texas full-service branches located in Crawford and Temple.

When I wrote about the now-defunct Kasasa Cash and Kasasa Saver accounts in June 2020, I noted that as a small institution, Security Bank might decide to not offer its Kasasa Cash account on a state-wide basis if the response was overwhelming. As I anticipated, CSR wasn’t able to provide any insight as to why the Kasasa brand was dropped or why the market area for the Rewards Checking is limited.

Bank Overview

Security Bank of Crawford has an overall health grade of "A" at, with a Texas Ratio of 4.02% (excellent) based on June 30, 2021 data. In the past year, Security Bank has increased its total non-brokered deposits by $22.94 million, an excellent annual growth rate of 35.96%. Please refer to our financial overview of Security Bank of Crawford (FDIC Certificate # 15731) for more details.

Founded in 1940, Security Bank of Crawford is a community bank serving the residents of Bell and McLennan Counties in Texas. In the past 80 years, the Bank has had four different names (Security National Bank of Whitesboro, 1940; Security Bank of Whitesboro, 1986; The First Bank, 2011; and Security Bank of Crawford, 2013), headquarters in three different Texas towns (Whitesboro, Roxton, and Crawford), and acquired two other Texas banks (Collinsville State Bank and The First Bank of Roxton).

How the Rewards Checking Compares

When compared to the High Yield Rewards Checking Accounts tracked by that are available within the market area and have maximum qualifying balances of at least $15k, Security Bank’s Rewards Checking APY currently ranks third.

The above information and rates are accurate as of 10/21/2020.

To search for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Waco checking accounts, reward checking accounts

Security Bank of Crawford (TX) Offers Kasasa Cash Statewide
Deal Summary: Kasasa Cash, 3.00% APY on qualifying balances up to $15k. Kasasa Saver, 0.75% APY on qualifying balances up to $100k.

Availability: All Texas residents.

Security Bank of Crawford (Security Bank) is one of a handful of Texas-based banks that is offering Kasasa brand products statewide. The Kasasa Cash account currently earns 3.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

Security Bank began offering the Kasasa Cash account about a...

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