Amarillo National Bank Review: Small Bank With Lots of Options

Find out if ANB and its services are right for you.

Everything might be bigger in Texas, but this award-winning Texas bank is quite small. Amarillo National Bank (ANB) is a family-owned, FDIC-insured bank that operates primarily in the state of Texas with a little more than 20 brick-and-mortar locations available. But since it was founded in 1892, the bank has accumulated over $3.7 billion in total assets. ANB has grown to be one the best banks in Texas with many products and services that have attracted a large group of consumers.

Read on to see what Amarillo National Bank offers to determine if it’s the best bank for you.

Amarillo National Bank Review

Amarillo National Bank provides unique banking products that include five checking accounts, several options for savings, certificates of deposit, and broker and investment services. The bank has been awarded Amarillo’s Best Bank for the last 17 years, which might be due to its various philanthropic work, personal banking service and bank account options.

Amarillo National Bank Products and Services

The Texas-based bank features checking accounts for a variety of customers, including accounts for students and seniors.

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Amarillo National Bank Checking Accounts

There are five checking accounts at Amarillo National Bank: Personal Checking, Free Checking, Senior Checking, Interest-Bearing Checking and Student Plastic Account. Each checking account is similar to each other except for a slight variance in service fees, average daily balances and opening deposits.

Three of the checking accounts have a minimum balance of $50 to open, except for the Interest-Bearing and Student Plastic accounts. The Interest-Bearing and Student Plastic accounts have a minimum balance of $1,000 and $20, respectively. The Interest-Bearing Checking account also has the highest service fee at $8 per month.

If you want to open a Personal or Senior Checking account, the average daily balance is $500, whereas the average daily balance for the Interest-Bearing Checking account is $1,000. There is no average daily balance requirement for the remaining checking accounts.

Keep in mind that all checking accounts have a $19 fee per item for non-sufficient funds.

Amarillo National Bank Savings Accounts

Unlike traditional and bigger banks, Amarillo National offers higher interest rates for its personal savings accounts. For instance, if you open an account with a balance that falls between $0 and $9,999, the APY is 0.60 percent. For accounts with a balance between $10,000 and $99,999, the APY is 0.70 percent. And savings accounts with a balance of $100,000 or more have the highest APY at 0.95 percent, which is way above the national average at 0.08 percent.

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Amarillo National Bank CDs

Amarillo National offers two types of certificates of deposit (CDs): short term and long term. For short-term CDs, terms begin at 14 days to one year, each with a different APY rate. For example, a short-term CD for 90 days has a 1.20% APY. A short-term CD for 365 days has a 1.60% APY. But keep in mind, you deposit a minimum of $1,000 to open an account.

If you’re looking to save for the long haul, you can choose from among the long-term CD options. Terms vary from 1 1/2 years to five years. See all the rates of the different long-term CDs below:

Amarillo National Bank Long-Term CDs

1.5 years1.90%
2 years2.00%
2.5 years2.10%
3 years2.30%
4 years2.40%
5 years2.85%
Rates are accurate as of Aug. 7, 2018.

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Amarillo National Bank Pros and Cons

When choosing a bank, you’ll want to weigh all the options so you can find one that fits your needs.


  • FDIC-insured
  • Access to 55,000 Allpoint ATMs worldwide
  • Connect with real people for all customer service
  • Flexible terms for short-term savings accounts
  • Ten-day grace period for funds to be withdrawn or deposited without penalty for CDs
  • Mobile banking available


  • $19 fee for non-sufficient funds
  • Limited branches

The Bottom Line on Amarillo National Bank

Overall, Amarillo National Bank offers a lot of solid options for customers, especially if you’re looking to make money quickly with a short-term CD. This bank can offer its clients personal customer service that a smaller bank typically offers as well as a variety of banking services.

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GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article. All fees and rates are subject to change at the issuers’ discretion. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Verify terms and conditions before opening an account.

About the Author

Taylor Bell is an Los Angeles-based journalist and staff writer for GOBankingRates covering personal finance. She is a former staff writer for ATTN: and has covered topics ranging from trending pop culture news to women’s social issues.