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Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Lone Star National Bank Review
The bottom line: Lone Star National Bank is a good bank if you don’t have much money for an opening deposit and want to bank with a Hispanic American-owned, brick-and-mortar institution. It has branches throughout South Texas, but accessibility is limited outside of the state. If you live outside of South Texas, you may prefer one of the best online banks instead.
Compare Today’s Savings Rates
Overall bank rating
Pros and cons
Lon Star National Bank Savings Account
Lone Star National Bank Personal Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.50%
Minimum Deposit Amount
$50
- $50 minimum opening deposit
- Easy to waive $5 monthly service fee
- Interest compounds quarterly
- $5 monthly service fee
- Only three withdrawals per month
- Low APY
Product Details
- Minority-owned bank in South Texas
- 38 branches and 56 ATMs in Texas
- Waive $5 monthly service fee by maintaining a $300 daily balance
- Up to three withdrawals per month, $2 fee for each additional transaction
- Interest compounds quarterly
- Member FDIC
You might like the Lone Star National Bank Personal Savings Account if you can keep a $300 balance, because then you’ll waive the $5 monthly service fee. If you think you may exceed Lone Star’s monthly withdrawal limit, you might prefer other banks that have more lax limits.
If you deposit between $50 and $24,999, you’ll earn 0.10% APY (Annual Percentage Yield) on your balance, while you’ll earn 0.15% APY on any amount over $25,000. If you want to snag a high APY, you can get a better interest rate with one of the best high-yield savings accounts.
Lon Star National Bank Checking Account
Lone Star National Bank Personal Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.50%
Minimum Deposit Amount
$50
- $50 minimum opening deposit
- Easy to waive $5 monthly service fee
- Interest compounds quarterly
- $5 monthly service fee
- Only three withdrawals per month
- Low APY
Product Details
- Minority-owned bank in South Texas
- 38 branches and 56 ATMs in Texas
- Waive $5 monthly service fee by maintaining a $300 daily balance
- Up to three withdrawals per month, $2 fee for each additional transaction
- Interest compounds quarterly
- Member FDIC
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Lone Star National Bank Smart Choice Checking Account
Fees
$6 monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$50
- $50 minimum opening deposit
- Charges out-of-network ATM fees (varies by machine)
- $35.99 overdraft fee
- No overdraft protection
- $6 monthly service fee
Product Details
- Minority-owned bank in South Texas
- $6 monthly service fee
- No overdraft protection
- Member FDIC
- 38 branches and 56 ATMs in Texas
Lone Star National Bank Smart Choice Checking Account is a solid option if you want an account with a low minimum opening deposit. You can also choose from two other checking accounts, including one that will pay you tier-based interest rates on your balance.Â
Lon Star National Bank CD Account
Lone Star National Bank Personal Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.50%
Minimum Deposit Amount
$50
- $50 minimum opening deposit
- Easy to waive $5 monthly service fee
- Interest compounds quarterly
- $5 monthly service fee
- Only three withdrawals per month
- Low APY
Product Details
- Minority-owned bank in South Texas
- 38 branches and 56 ATMs in Texas
- Waive $5 monthly service fee by maintaining a $300 daily balance
- Up to three withdrawals per month, $2 fee for each additional transaction
- Interest compounds quarterly
- Member FDIC
Lone Star National Bank CD
Annual Percentage Yield (APY)
1.00% to 3.80%
Minimum Deposit Amount
$1,000
- $1,000 minimum deposit
- Standard early withdrawal penalties
- Solid APY on 7-month, 3-year, 4-year, and 5-year terms
- Must contact the bank for early withdrawal penalty information
Product Details
- Minority-owned bank in South Texas
- 38 branches and 56 ATMs in Texas
- Terms range from six months to five years
- Penalty of 90 days of interest or $15, whichever is greater, for early withdrawal on terms of two years or less, and 365 days of interest or $25, whichever is greater, for early withdrawal on terms over two years
- Member FDIC
Lone Star pays competitive rates on CDs compared to other brick-and-mortar institutions, but the rates are lower than what you’ll earn with many online banks. If you want a term shorter than six months or longer than five years, you’ll have to consider another bank.
Lon Star National Bank Money Market Account
Lone Star National Bank Personal Savings Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.50%
Minimum Deposit Amount
$50
- $50 minimum opening deposit
- Easy to waive $5 monthly service fee
- Interest compounds quarterly
- $5 monthly service fee
- Only three withdrawals per month
- Low APY
Product Details
- Minority-owned bank in South Texas
- 38 branches and 56 ATMs in Texas
- Waive $5 monthly service fee by maintaining a $300 daily balance
- Up to three withdrawals per month, $2 fee for each additional transaction
- Interest compounds quarterly
- Member FDIC
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The Lone Star Premium Star Money Market Account requires you to put a lot of money down up front, and you’ll get solid interest rates depending on your balance. However, interest only compounds quarterly and the $15 monthly service fee is higher than at other banks, so this account may not be the best choice for you.Â
How Lone Star National Bank works
Lone Star National Bank is a Hispanic American-owned brick-and-mortar institution with 38 branches in South Texas. The institution has branches in:
- Brownsville
- Edinburg
- Harlingen
- Hidalgo
- Mcallen
- Mission
- Pharr
- Rio Grande City
- Roma
- San Antonio
- South Padre Island
- Weslaco
The bank has free ATMs in Texas and is a member of the Allpoint ATM network, with free machines around the US.Â
The mobile app has 4.2 out of 5 stars on the Google Play store but just 1.9 out of 5 stars on the Apple store. However, there aren’t many reviews of the app on either marketplace.Â
You can reach Lone Star customer service by phone Monday through Friday, 7:45 a.m. to 6:30 p.m. CT and on Saturday from 9:00 a.m. to 1:00 p.m. CT.Â
Your deposits are FDIC insured for up to $250,000 for an individual account and $500,000 for a joint account.
The role of Hispanic American financial institutions
Hispanic American-owned financial institutions are integral to providing products and services to underserved communities. These institutions also help address banking gaps among Hispanic American communities.
Lone Star National Bank has an ATM truck to make ATM services accessible to the community.
Is Lone Star National Bank trustworthy?
The Better Business Bureau gives Lone Star National Bank an A+ rating. A great BBB grade means a company advertises truthfully, is open about business practices, and responds effectively to consumer complaints.
However, a solid BBB rating doesn’t ensure you’ll have a good relationship with a bank. You might want to read online customer reviews or reach out to family and friends to hear about their experiences with Lone Star.Â
Lone Star doesn’t have any recent public controversies.
Between its top-notch BBB grade and sparkling history, you might determine that Lone Star is the right bank for you.Â
How Lone Star National Bank comparesÂ
We’ve compared Lone Star National Bank to two other Hispanic American-owned institutions located in Texas: Falcon International Bank and Rio Bank.Â
Lone Star National Bank has more branch locations and ATM access than Falcon International Bank or Rio Bank.Â
If you’re looking to open a savings account, you might find Lone Star National Bank or Falcon International Bank appealing. Both savings accounts earn more than the Rio Bank savings account.Â
For strong checking account options, you’ll likely prefer Falcon International Bank or Rio Bank. Falcon International Bank has a free checking account, but you’ll need at least $100 to open an account. At Rio Bank, you’ll only need a minimum opening deposit of $50. However, there’s a $3.76 monthly service fee.
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