Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Security State Bank & Trust Review

Your Details Done
by Updated
Security State Bank & Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Security State Bank & Trust started in 1941 with headquarters located in Fredericksburg, Texas. Security State Bank & Trust handles assets of $978 million along with $795 million in deposits, making it a medium-size bank. Security State Bank & Trust lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.1 out of 5 stars, Security State Bank & Trust should be solidly in contention for your choice of bank. Security State Bank & Trust has a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Security State Bank & Trust's most basic checking account does not have a monthly maintenance fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is the best option for accruing the most income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

4.0
SmartAsset Average: 3.5

With a savings rate of 0.10%, Security State Bank & Trust ranks poorly in comparison to the national average. Security State Bank & Trust's one-year CD earns at a rate of 2.22% and the five-year CD has a rate of 2.53%, while its highest-yielding money market account earns at a rate of 0.10%. Given Security State Bank & Trust's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Security State Bank & Trust's Savings Rates Compare

Security State Bank & Trust Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, Security State Bank & Trust charges its customers extremely low fees as compared against the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. Additionally, Security State Bank & Trust has an overdraft fee of $30.00, which is considerably lower than the national average overdraft fee. Security State Bank & Trust does not reimburse out-of-network ATM fees, meaning you'll have to search for a Security State Bank & Trust ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Security State Bank & Trust is a brick-and-mortar bank, with 21 total bank locations in Texas. With a mobile app, Security State Bank & Trust provides straightforward account access, even from home or work. Security State Bank & Trust receives a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

Security State Bank & Trust is a medium-size bank owning $978 million in assets and $795 million in deposits. Its Texas Ratio is 4.35%, suggesting a negligible likelihood of 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

4.35%
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.

Back to Overview

Compare Security State Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $50
Checking Account 0.1% APY $2500
Certificates of Deposit
  • 12 Month: 2.22% APY
  • 24 Month: 2.22% APY
  • 36 Month: 2.32% APY
  • 60 Month: 2.53% APY
$500 for all terms
Money Market Account 0.1% APY $2500

Security State Bank & Trust has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Security State Bank & Trust 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. Security State Bank & Trust's CD rates are fair compared to other U.S. banks.

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
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure