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Southcrest Bank Review

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Southcrest Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1920, Southcrest Bank has assets totaling $543 million along with $445 million in deposits, which makes the institution a medium-size bank. Southcrest Bank, whose headquarters are in Atlanta, Georgia, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Southcrest Bank is a respectable bank that deserves your consideration, with a rating of 3.9 stars out of 5 from our experts. Southcrest Bank offers a variety of product offerings, including savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Southcrest Bank's most basic checking account does not have a monthly fee. Institutions that offer free checking and a high interest rate savings account are the best option for gaining the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.10%, Southcrest Bank ranks poorly compared to other U.S. banks. Its CD rates are 1.10% and 2.02% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its below average savings rate, you should think about taking a look at other banks for savings accounts.

How Southcrest Bank's Savings Rates Compare

Southcrest Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Southcrest Bank generally has extremely low fees compared to other U.S. banks. With no monthly fee, Southcrest Bank is perfect for people who want a basic banking experience. Southcrest Bank doesn't refund out-of-network ATM fees, which means you will be required to locate a Southcrest Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Southcrest Bank is a brick-and-mortar bank, with 11 total branches in Georgia. It also offers access to mobile and web apps for simple access and banking on the go. Southcrest Bank gets inferior reviews from users for its mobile platform. The Southcrest Bank mobile app scored a 2.2 out of 5 (with 44 reviews on Apple and Android) compared to the national average of 3.8. Southcrest Bank's mobile app allows you to control your accounts by looking at current statements, sending and receiving money as well as reaching customer service. Southcrest Bank receives an exceptional consumer satisfaction score based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 2.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Southcrest Bank ranks as a medium-size bank with assets totaling $543 million as well as deposits totaling $445 million. Southcrest Bank has a strong Texas Ratio of 16.01%, denoting that Southcrest Bank is in fine financial condition and far from failure. Additionally, Southcrest Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Southcrest Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $50
Checking Account 0.2% APY $50
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 1.36% APY
  • 36 Month: 1.82% APY
  • 48 Month: 1.92% APY
  • 60 Month: 2.02% APY
$500 for all terms
Money Market Account 0.15% APY $25000

Southcrest Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Southcrest Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Southcrest Bank's CD rates are fair compared to the average U.S. bank.

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Find a Southcrest Bank Near Me

Southcrest Bank has 11 locations across the U.S.

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