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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

Established in 1902, Sabine State Bank and Trust Company has $872 million in assets and deposits totaling $764 million, classifying it as a medium-size bank. Sabine State Bank and Trust Company, whose headquarters are in Many, Louisiana, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4 stars out of 5, Sabine State Bank and Trust Company proves it is a good bank that deserves your consideration. Sabine State Bank and Trust Company has a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Sabine State Bank and Trust Company offers an option without a monthly fee. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best bet for getting the most income on your deposits while maintaining convenient access to your money.

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 as compared against the national average. Sabine State Bank and Trust Company's one-year CD has a rate of 0.45%, while its highest-yielding money market account has an APY of 0.10%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

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

On average, Sabine State Bank and Trust Company charges customers low fees compared to other U.S. banks. Sabine State Bank and Trust Company's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Also, Sabine State Bank and Trust Company has an overdraft fee of $35.00, which is on par with the average overdraft fee charged by U.S. banks. Sabine State Bank and Trust Company unfortunately does not refund out-of-network ATM fees, which means you'll be required to locate a Sabine State Bank and Trust Company ATM or eat the withdrawal fee.

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. It also offers access to mobile and web apps for easy access and banking on the go. Sabine State Bank and Trust Company's online and mobile banking platforms get fair scores from users. The Sabine State Bank and Trust Company mobile app rates a 3.8 out of 5 (out of 130 reviews on iOS and Android) compared to the national average of 3.8. Sabine State Bank and Trust Company's mobile app allows you to control your funds by reviewing current statements, transferring money and accessing customer service. Sabine State Bank and Trust Company gets a superb consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 and handles assets totaling $872 million and deposits totaling $764 million. Sabine State Bank and Trust Company's Texas Ratio is 6.19%, denoting a tiny 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 Account 0.1% APY $1

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 think about 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. Sabine State Bank and Trust Company's CD rates are fair in comparison 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 physical branches in the U.S.

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