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ServisFirst Bank Review

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ServisFirst Bank Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 2005, ServisFirst Bank has assets totaling $7 billion and deposits totaling $6 billion, which makes the institution a large bank. ServisFirst Bank, whose headquarters are in Birmingham, Alabama, 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 apps. On the whole, ServisFirst Bank is a great choice and should warrant serious consideration, with a rating of 4.2 out of 5 stars from the SmartAsset experts. ServisFirst Bank provides customers with multiple banking products, including savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. Locating a bank with no-fee checking as well as a high savings APY is your best option for returning the most income on your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

ServisFirst Bank features a savings rate of 0.40%, which is poor compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.51% and 2.79%, respectively, while its highest-yielding money market account earns at an APY of 0.25%. Given its poor savings rate, you should consider looking at the competition to open savings accounts.

How ServisFirst Bank's Savings Rates Compare

ServisFirst Bank Savings 0.40 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on ServisFirst Bank's fees to provide a full SmartAsset rating.

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

SmartAsset Average: 3.7

ServisFirst Bank is a brick-and-mortar bank, with 20 total branches in Alabama, Florida, Georgia, South Carolina and Tennessee. It also offers access to mobile and web apps for a straightforward mobile-banking experience. ServisFirst Bank's online and mobile banking services get poor feedback from customers. The ServisFirst Bank mobile app has been given a 2.8 out of 5 (with 17 customer reviews on iOS and Android) compared to the national average of 3.8. ServisFirst Bank's mobile app lets you manage your funds by checking monthly statements, sending and receiving funds and accessing support representatives. ServisFirst Bank receives an exceptional consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 2.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

ServisFirst Bank is a large bank with $7 billion in assets as well as deposits totaling $6 billion. ServisFirst Bank's Texas Ratio is 2.41%, signifying a low likelihood of failure. Additionally, ServisFirst Bank 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.

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Compare ServisFirst Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $100
Checking Account 0.3% APY $1
Certificates of Deposit
  • 12 Month: 1.51% APY
  • 24 Month: 2.02% APY
  • 36 Month: 2.28% APY
  • 48 Month: 2.43% APY
  • 60 Month: 2.79% APY
$1000 for all terms
Money Market Account 0.25% APY $1

ServisFirst Bank offers several deposit products including savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. ServisFirst Bank does not have the best savings rate, which means you should think about 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. ServisFirst Bank's CD rates are fair as compared against the national average.

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Find a ServisFirst Bank Near Me

ServisFirst Bank has 20 branches across the U.S.

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