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