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Independent Bank (McKinney, TX)

Popular Accounts at this Bank

1.50%Reward CheckingFree Rewards Checking
0.50%Reward SavingsREALSaver
1.51%5-year CD5 Year CD

Overview / Commentary
3090 Craig Drive
McKinney, TX 75070

Independent Bank (McKinney, TX) is headquartered in Mckinney and is the 8th largest bank in the state of Texas. It is also the 143rd largest bank in the nation. It was established in 1913 and as of June of 2017, it had grown to 975 employees at 85 locations. Independent Bank (McKinney, TX) has an A+ health rating.

Related Posts

Rewards Checking - Reduction In Balance Cap - 8/17/2017

From my recent statement: Effective 9/21/17 the tiered rates that apply to this account for balances up to $10,000.99 will be 1.49% (1.50% APY) and balances $10,001.00 and above will be .15% (.15% APY).

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Reviews (4)

Good Experience

Posted by: pjhurst | Dec 4, 2016

I've been with the Independent Bank branch in Mckinney for about 3 years and have always had positive experiences with them. I've been inside the bank about half a dozen times and have used their ATM about the same number of times.

Poor Service/Customer Service

Have been a long time customer even before it was purchased by Independent Bank. What a shame. Service is lacking, but more important, when you walk in a branch, the people working there all look like they dislike their jobs. Therefore; service is equivalent. They really don't want to help you and they made that very clear. If you want service, this is not the place to go.


Posted by: TwinsDad | Jan 23, 2013

BEWARE! They changed the qualification criteria in Dec but didn't update the website until after the statement closed in January! When I called to complain they referred to a fine print at the very bottom of the Nov statement! Taking my money elsewhere.

Beware - This Bank Will Gouge You!

Posted by: disgusted | Oct 6, 2011

My "free" checking account at Independent Bank (Little Elm, TX branch) suddenly developed monthly service charges totalling $11.00. The charges showed up on my September bank statement. When I inquired about the charges, I was told: "We mailed out a letter in June to all free checking account holders to inform them that service charges were being initiated". Further inquiry resulted in the revelation that Independent Bank offers yet another "free checking account", but I must come in and apply for the new account in person. Even if such a change were being initiated, why couldn't the bank have politely informed account holders in June that ANOTHER type of free account is available???? The simple answer is that this bank has taken this opportunity to extract funds from its account holders who either ignored their letter or, worse yet, never received it . I have no recollection and no record in my files of having received the letter supposedly mailed in June. I have closed my account at Independent Bank and will never do business with them again. Perhaps others can profit from my experience. (I have awarded one star to this bank due to the fact that it is not possible to award zero stars.)


Health Grade Components

FDIC Certificate #3076
Year Established1913
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD8.45%
Annual Interest Income$135.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$8.57B$5.44B
LoansQ2 2017vs Q2 2016$6.22B$4.23B
DepositsQ2 2017vs Q2 2016$6.68B$4.21B
Equity CapitalQ2 2017vs Q2 2016$1.36B$751.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$35.9MM$30.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$19.9MM$13.2MM
Real Estate OwnedQ2 2017vs Q2 2016$9.2MM$1.6MM
User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Rewards Checking - Reduction In Balance Cap

akapla01 |
From my recent statement:

Effective 9/21/17 the tiered rates that apply to this account for balances up
to $10,000.99 will be 1.49% (1.50% APY) and balances $10,001.00 and above will
be .15% (.15% APY).

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Always verify rates and promotions with the bank or credit union. We are not Independent Bank (McKinney, 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.

Independent Bank (McKinney, TX) Savings Account Rates

OTHER TIERS: 0.15% Up to $15k
0.30%*$100k*-Index Fund Account
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.15%$50-Regular Savings

Independent Bank (McKinney, TX) Money Market Rates

0.10%$500-Money Market

Independent Bank (McKinney, TX) Checking Account Rates

1.50%*-$15kFree Rewards Checking
OTHER TIERS: 0.15% $15k+
0.25%$500-Platinum Club Account
0.05%$500-NOW Checking

Independent Bank (McKinney, TX) CD Rates

1.51%*$1k*$100k5 Year CD
OTHER TIERS: 0.95% $100k+
1.51%*$100k*-3 Year Step Up CD
OTHER TIERS: 0.95% $1k - $100k
1.00%$1k-3 Year CD
0.70%$1k-2 Year CD
0.60%$1k-1 Year CD
0.30%$1k-180 Day CD
0.10%$1k-90 Day CD
0.05%$1k-30 Day CD

Independent Bank (McKinney, TX) IRA Rates

1.51%$250-5 Year IRA CD
1.00%$250-3 Year IRA CD
0.60%$250-1 Year IRA CD
0.60%$250-18 Month IRA CD

Sorry, but we do not have location data for Independent Bank (McKinney, TX). Its headquarters is located at 3090 Craig Drive - McKinney, TX 75070