LegacyTexas Bank (TX)

Overview / Commentary
5000 Legacy Drive
Plano, TX 75024

LegacyTexas Bank (TX) is headquartered in Plano and is the 8th largest bank in the state of Texas. It is also the 142nd largest bank in the nation. It was established in 2006 and as of June of 2019, it had grown to 883 employees at 44 locations. LegacyTexas Bank (TX)'s money market rates are 14% higher than the national average, and it has an A health rating.

Related Posts

View all posts from:

8/28/11 - Viewpoint Bank RCA Rate Change To 3%
9/1/10 - Viewpoint Bank Rate Tiers Changing Effective November 1, 2010
7/27/10 - Update on ViewPoint's Reward Checking Account - New Accounts Now Limited to Texas
7/26/10 - ViewPoint Bank Narrows Its National Availability
7/7/10 - Reward Checking Gotchas - ViewPoint Bank
6/18/10 - Details of Applying For ViewPoint Bank's Reward Checking Account
5/14/10 - I've Been Reading The Bad Rejection Review Here And Hesitate To Open Account
5/5/10 - I Am Out Of Their State And They Approved My Online Application
4/14/10 - To Anon#30
4/6/10 - I Called The Bank
4/2/10 - To All The Dishearted Individuals Above Check Out Pelican State Credit Union
3/29/10 - My Application Was Rejected
3/24/10 - @Anonymous Who Posted On 3/15/2010
2/6/10 - L- Your Comments In Defense Of This Bank Are Unreasonable Unless Of Course You Are Their Employee
1/28/10 - L- Do You Work For This Bank
1/21/10 - They're Based Out Of Texas
1/13/10 - And If It Was Fraud Or A Scam To Get Personal Information
1/13/10 - Well...If You Have So Many Accounts That Are Paying High Interest
1/12/10 - Hahahahaha
1/10/10 - Like The Others Postings
1/10/10 - I Ve Had A Really Good Experience
1/7/10 - Totally Agree With All The Postings Here
1/7/10 - Totally Agree With All The Postings
12/23/09 - What A Joke
12/22/09 - Same Case. My Application Got Rejected For No Reason (I Have An Excellent Credit And Has Never Been
12/18/09 - Don't Waste Your Time To Apply It
12/8/09 - This Bank Is A JOKE
11/8/09 - Reward Checking Account at a Texas Bank (ViewPoint)
11/3/08 - 5.25% 60-Month CD at ViewPoint Bank - Nationally Available
9/20/07 - iPod nano Checking Account Bonus at ViewPoint Bank (Nationally Available)
11/6/06 - 6.00% 12-Month CD Still at a Dallas Bank - $125k min (ViewPoint)
10/10/06 - 6.00% 12-Month CD at a Dallas Bank - $125k min (ViewPoint)

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 Dont Know Anything About Banks But...

Posted by: dorianjp | Aug 3, 2018

I did get stranded in California as well because of them. Customer service is different based on location.

Not Up To Snuff

Posted by: Ourdad1 | Feb 12, 2019

1. Started when it was Richardson Credit Union in the early ‘80’s. What a great CU then. Of course at the expense of us CU Members the fat cats decided to turn it into a publicly traded bank as the end unit.
2. That being said it turns out (according to the bank employee I dealt with this morning) anyone can get hold of your checks and sign them anyway they want. They could sign King Kong and this bank does not have the technology to compare signatures to your signed card on file. Or as the employee said, “ we can’t afford to have someone sitting around comparing signatures”. I was so stunned I couldn’t speak.
3. Now I’m here at 6pm CST and the drive thrus are closed. According to their hours it closed at 5. Now I really do not believe that as no one is ignorant enough to believe everyone can get from their office to the bank prior to 5. Oh when a credit union and I’m fairly sure while just Viewbank prior to merger they were open until 7.
Now I may not find later drive thru times elsewhere but I do know many banks do have the software capability for checking signatures. I mean how in the world can a Linda look the same as George plus My signature is a mess at best. So I say time to move my measly 100k in cash somewhere I can appreciate them as well as being appreciated.

Hope this helps1.



Health Grade Components

FDIC Certificate #58006
Year Established2006
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD10.41%
Annual Interest Income$224.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$9.94B$9.25B
LoansQ2 2019vs Q2 2018$8.59B$7.94B
DepositsQ2 2019vs Q2 2018$7.09B$6.91B
Equity CapitalQ2 2019vs Q2 2018$1.22B$1.08B
Loan Loss AllowanceQ2 2019vs Q2 2018$92.2MM$64.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$61.7MM$19.4MM
Real Estate OwnedQ2 2019vs Q2 2018$1.8MM$6.7MM
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Always verify rates and promotions with the bank or credit union. We are not LegacyTexas Bank (TX); 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.

LegacyTexas Bank (TX) Savings Account Rates

0.10%*$250k*-Health Savings Account
OTHER TIERS: 0.05% $5k - $250k
0.05%--Basic Savings
0.05%--Kids Club Savings
0.05%--IRA Savings
0.05%--Business 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 - $1m | 0.40% $1m - $5m
0.35%*$250k*-Money Market Checking
OTHER TIERS: 0.02% Up to $2.5k | 0.05% $2.5k - $7.5k | 0.10% $7.5k - $50k | 0.25% $50k - $250k
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 $2.5k | 0.10% $2.5k - $50k | 0.15% $50k - $100k
0.15%*$25k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k

LegacyTexas Bank (TX) Checking Account Rates

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

LegacyTexas Bank (TX) CD Rates

2.75%$1k-120 Month Regular CD
2.75%$1k-Business 120 Month Regular CD
2.45%$1k-60 Month Regular CD
2.45%$1k-Business 60 Month Regular CD
2.30%$1k-48 Month Regular CD
2.30%$1k-Business 48 Month Regular CD
2.15%$1k-36 Month Regular CD
2.15%$1k-Business 36 Month Regular CD
2.00%$1k-24 Month Regular CD
2.00%$1k-Business 24 Month Regular CD
1.50%$1k-18 Month Regular CD
1.50%$1k-Business 18 Month Regular CD
1.00%$1k-12 Month Regular CD
1.00%$1k-Business 12 Month Regular CD
0.50%$1k-6 Month Regular CD
0.50%$1k-Business 6 Month Regular CD
0.10%$100-12 Month Regular Start-Up CD
0.10%$100-Business 12 Month Regular Start-Up CD
0.05%$1k-3 Month Regular CD
0.05%$1k-Business 3 Month Regular CD

LegacyTexas Bank (TX) IRA Rates

2.75%$1k-120 Month IRA
2.45%$1k-60 Month IRA
2.30%$1k-48 Month IRA
2.15%$1k-36 Month IRA
2.00%$1k-24 Month IRA
1.50%$1k-18 Month IRA
1.00%$1k-12 Month IRA
0.50%$1k-6 Month IRA
0.10%$100-12 Month IRA Start-Up
0.05%$1k-3 Month IRA


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