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Sabine State Bank and Trust Company Review

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Sabine State Bank and Trust Company Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1902, Sabine State Bank and Trust Company has $872 million in assets as well as $764 million in deposits, making it a medium-size bank. Sabine State Bank and Trust Company, whose headquarters are in Many, Louisiana, lacks premium access to support representatives, with no options for live chat or all-day service. 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. With a score of 4 out of 5 stars, Sabine State Bank and Trust Company should be near the middle of the pack in your search for a bank. Sabine State Bank and Trust Company provides customers with a mixture of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Sabine State Bank and Trust Company 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 have a monthly charge. Banks that offer free checking as well as a high interest rate savings account are your best option for accruing the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

With a savings rate of 0.10%, Sabine State Bank and Trust Company ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 0.45%, while its highest-yielding money market account earns at a rate of 0.10%. Given Sabine State Bank and Trust Company's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Sabine State Bank and Trust Company's Savings Rates Compare

Sabine State Bank and Trust Company Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Sabine State Bank and Trust Company charges its customers low fees compared to other U.S. banks. Sabine State Bank and Trust Company's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Also, at $35.00, its overdraft fee is lower than the national average overdraft fee. Sabine State Bank and Trust Company unfortunately does not refund out-of-network ATM fees, which means you will be required to find a Sabine State Bank and Trust Company ATM or pay the cost of withdrawal.

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

3.9
SmartAsset Average: 3.7

Sabine State Bank and Trust Company is a brick-and-mortar bank, with 52 total bank locations in Louisiana and Texas. With mobile and web apps, Sabine State Bank and Trust Company makes account access easy, even on the go. Sabine State Bank and Trust Company receives average marks from users for its mobile app. The Sabine State Bank and Trust Company mobile app has been given a 3.8 out of 5 (with 130 reviews on Apple and Android) compared to the national average of 3.8. You can use Sabine State Bank and Trust Company's app to manage your finances by monitoring account balances, transferring money as well as reaching support representatives. Sabine State Bank and Trust Company gets an excellent consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Sabine State Bank and Trust Company is a medium-size bank with $872 million in assets as well as deposits totaling $764 million. Its Texas Ratio is 6.19%, signifying a small likelihood of failure. Additionally, Sabine State Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

6.19%
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 Sabine State Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $200
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.45% APY
$5000 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

Sabine State Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Sabine State Bank and Trust Company does not have the best savings rate, which means you should consider looking 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. Sabine State Bank and Trust Company's CD rates are fair compared to other U.S. banks.

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Find a Sabine State Bank and Trust Company Near Me

Sabine State Bank and Trust Company has 52 locations in the U.S.

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