Started in 1941, Security State Bank & Trust has $978 million in assets along with deposits totaling $795 million, classifying the institution as a medium-size bank. Security State Bank & Trust, whose headquarters are in Fredericksburg, Texas, 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. With a commendable 4.1 stars out of 5, Security State Bank & Trust proves it is a good bank that gets the job done. Security State Bank & Trust provides customers with a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly maintenance charge. Institutions that offer free checking as well as a high savings APY are the best option for getting the most income on your deposits alongside convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Security State Bank & Trust features a savings rate of 0.10%, which is poor compared to the national average. Security State Bank & Trust's one-year CD earns at a rate of 2.27% and the five-year CD has a rate of 2.53%, while its highest-yielding money market account has a rate of 0.10%. Given its noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.
How Security State Bank & Trust's Savings Rates Compare
Security State Bank & Trust has generally extremely low fees in comparison to other U.S. banks. With no monthly fee, Security State Bank & Trust's checking account is ideal for people who want an easy banking experience. Additionally, it has an overdraft fee of $30.00, which is noticeably lower than the average overdraft fee charged by U.S. banks. Security State Bank & Trust does not reimburse out-of-network ATM charges, meaning you'll be required to search for a Security State Bank & Trust ATM or eat the fee.
Security State Bank & Trust is a brick-and-mortar bank, with 21 total bank locations in Texas. It also offers access to a web app, for a straightforward online-banking experience. Security State Bank & Trust receives a superb consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Security State Bank & Trust is a medium-size bank and owns assets totaling $978 million as well as deposits totaling $795 million. Security State Bank & Trust's Texas Ratio is 4.35%, suggesting that the bank is in terrific financial condition and far from failure. Additionally, Security State Bank & Trust 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 Security State Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$50|
|Checking Account||0.1% APY||$2500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Account||0.1% APY||$2500|
Security State Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Security State Bank & Trust 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. Security State Bank & Trust's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Security State Bank & Trust Near Me
Security State Bank & Trust has 21 physical locations across the U.S.Back to Overview