Started in 1912, Round Top State Bank has $525 million in assets along with deposits totaling $467 million, classifying the institution as a medium-size bank. Round Top State Bank, whose headquarters are in Round Top, Texas, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset has rated Round Top State Bank 4.6 stars out of 5, which means it is a top-tier bank that would be an ideal pick. Round Top State Bank offers a selection of product offerings, which include savings accounts, checking accounts, money market accounts, mortgage products and credit cards. Round Top State Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's standard checking account does not carry a monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best option for returning the most income from your deposits while maintaining convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Round Top State Bank has a savings rate of 0.35%, which is fair compared to the national average. Round Top State Bank's one-year CD earns at a rate of 1.73% and the five-year CD earns at a rate of 2.55%, while its highest-yielding money market account earns at a rate of 0.35%. Given Round Top State Bank's noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.
How Round Top State Bank's Savings Rates Compare
Round Top State Bank charges customers extremely low fees compared to the average U.S. bank. With no monthly fee, Round Top State Bank is ideal for people who want a simple checking account. Round Top State Bank does not reimburse out-of-network ATM fees, meaning you will be required to find a Round Top State Bank ATM or pay the fee.
Round Top State Bank is a brick-and-mortar bank, with six total bank locations in Texas. With mobile and web apps, Round Top State Bank makes account access straightforward, even on the go. Round Top State Bank receives moderate feedback from customers for its mobile platform. Out of 9 customer reviews on both Apple and Android platforms, the Round Top State Bank mobile app has an overall rating of 3.8 out of 5 (compared to the national average of 3.8). Round Top State Bank's mobile app lets you manage your accounts by checking account balances, sending and receiving funds as well as accessing customer service. Round Top State Bank gets an excellent consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Round Top State Bank is a medium-size bank and owns assets totaling $525 million as well as $467 million in deposits. Its Texas Ratio is 0.03%, indicating that the bank is in outstanding financial shape and far from failure. Additionally, Round Top State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
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.Back to Overview
Compare Round Top State Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.35% APY||$100|
|Checking Account||0.1% APY||$1000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.25% APY 0.35% APY||$10000 $15000|
Round Top State Bank has several deposit products including savings accounts, checking accounts and money market accounts to give you many options to manage your money. Round Top State Bank does not have the best savings rate, which means you should consider taking a look elsewhere 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. Round Top State Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Round Top State Bank Near Me
Round Top State Bank has six physical locations in the U.S.Back to Overview