Featured Savings Rates
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LegacyTexas Bank (TX)

Popular Accounts at this Bank

1.00%Reward CheckingMaximum Checking
1.00%5-year CD60 Month Regular CD
0.10%1-year CD12 Month Regular Start-Up CD

Overview / Commentary
5851 Legacy Circle
Plano, TX 75024

LegacyTexas Bank (TX) is headquartered in Plano and is the 9th largest bank in the state of Texas. It is also the 148th largest bank in the nation. It was established in 2006 and as of June of 2016, it had grown to 850 employees at 46 locations. LegacyTexas Bank (TX)'s money market rates are 14% higher than the national average, and it has an A health rating.

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Old Reviews

Posted by: txlegacy | Dec 24, 2015

LegacyTexas Bank was formed at the end of 2014 and changed names early 2015. View Point and other banks where acquired by LegacyTexas. If you are looking at reviews on this site for LegacyTexas and the date is prior to 2014, then the reviews are not actually about LeqacyTexas. For me, it has been the best bank I have dealt with. I have had accounts a Chase, BOA, before that NationsBank, WellsFargo, Frostbank (another great bank), 1stcb and a few others. My wife and I just finished a completing a chapter 13 and were able to get 4.0% on an auto loan for 16K. No other bank would work with us. We received personal service. I would rate this bank perfect for everything I have ever used them for. And keep in mind reviews prior to 2014 are not for LegacyTexas.

Absolute Checking Rate Dropped Again

Posted by: aezalpha | Jul 31, 2012

I've never had any trouble with the bank itself...always encounter friendly and helpful staff at the branch.  However, the interest rate dropped for the 3rd time since we've been customers in September 2010.  We started out with 4%...and it just dropped to 1% this month (no warning at all, just an update to the website).

I Had The Same Problem As Others And Was Rejected Because Of The Report From Checksystems (Too Many

Posted by: Anonymous | Apr 14, 2010

I had the same problem as others and was rejected because of the report from Checksystems (too many inquiries).  I sent an e-mail to the President of the Bank and followed up with a call.  I received a call from a woman in the President's office and she was able to get everything resolved.  It was definately not easy to open an account.  I have been a customer for two months and so far everything is going fine. 


Posted by: sisterina | Jan 2, 2016

legacy bank continues to utilize incompetent IT personnel. The online and telephone account info has been down for 3 days because the company they use is doing their end of year reporTting. This is not the first time Legacy's system has been unavailable for days.I suspect they may liquidate.I will take my monies out before they go belly up due to their horrible business practices. CUSTOMERS BEWARE FIND A BANK THAT IS DEPENDABLE AND REPUTABLE.!!!!



Health Grade Components

FDIC Certificate #58006
Year Established2006
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD11.13%
Annual Interest Income$154.0MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$8.06B$6.67B
LoansQ2 2016vs Q2 2015$6.63B$5.47B
DepositsQ2 2016vs Q2 2015$5.66B$4.54B
Equity CapitalQ2 2016vs Q2 2015$902.4MM$755.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$62.2MM$30.9MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$39.5MM$23.5MM
Real Estate OwnedQ2 2016vs Q2 2015$13.4MM$4.5MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LegacyTexas Bank (TX) Savings Account Rates

0.10%*$250k*-Health Savings Account
OTHER TIERS: 0.05% $5k - $250k
0.05%--Basic Savings
0.05%--Kid's Club Savings
0.05%$250-IRA Savings
0.05%--Business Savings
0.05%$250-CESA Savings

LegacyTexas Bank (TX) Money Market Rates

0.50%*$5m*-Premier Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k | 0.35% $250k - $1mm | 0.40% $1mm - $5mm
0.25%*$5m*$25mBusiness Premier Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $250k | 0.20% $250k+
0.20%*$100k*-Business Money Market Savings
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $50k | 0.15% $50k - $100k
0.15%*$250k*-Money Market Checking
OTHER TIERS: 0.02% Up to $2,500 | 0.05% $2,500 - $7,500 | 0.10% $7,500 - $250k
0.15%*$25k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $25k

LegacyTexas Bank (TX) Checking Account Rates

1.00%*-$25kMaximum Checking - Qualifying
OTHER TIERS: 0.25% $25k+

LegacyTexas Bank (TX) CD Rates

1.00%$1k-60 Month Regular CD
0.85%$1k-120 Month Regular CD
0.55%$1k-48 Month Regular CD
0.45%$1k-36 Month Regular CD
0.35%$1k-24 Month Regular CD
0.30%$1k-18 Month Regular CD
0.25%$1k-12 Month Regular CD
0.15%$1k-6 Month Regular CD
0.10%$100-12 Month Regular Start-Up CD
0.05%$1k-3 Month Regular CD

LegacyTexas Bank (TX) IRA Rates

1.00%$1k-60 Month IRA
0.85%$1k-120 Month IRA
0.55%$1k-48 Month IRA
0.45%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-12 Month IRA
0.15%$1k-6 Month IRA
0.10%$100-12 Month IRA Start-Up
0.05%$1k-3 Month IRA

LegacyTexas Bank (TX) has 46 locations. Click to view all LegacyTexas Bank (TX) locations.