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South Louisiana Bank Review

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South Louisiana Bank Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


South Louisiana Bank first started operating in 1980 and is headquartered in Houma, Louisiana. South Louisiana Bank manages assets of $462 million along with $394 million in deposits, making it a medium-size bank. South Louisiana Bank has above-average customer service access with all-day support available, great for getting help during the work week. 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. At a SmartAsset rating of 4.7 stars out of 5, South Louisiana Bank should be near the top of your list for your bank search. South Louisiana Bank has a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, South Louisiana Bank offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best option for accruing the most income on your deposits while maintaining easy access to your funds.

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

South Louisiana Bank has a savings rate of 0.35%, which is fair in comparison to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 1.50% and 2.30%, respectively, while its highest-yielding money market account has a rate of 0.50%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How South Louisiana Bank's Savings Rates Compare

South Louisiana Bank Savings 0.35 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, South Louisiana Bank charges its customers extremely low fees compared to other U.S. banks. With no monthly fee, South Louisiana Bank is ideal for those who want a basic checking account. South Louisiana Bank doesn't refund out-of-network ATM fees, meaning you'll have to locate a South Louisiana Bank ATM or accept the cost of withdrawal.

Monthly Fee $0 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

South Louisiana Bank is a brick-and-mortar bank, with seven total bank locations in Louisiana. It also offers access to mobile and web apps for an easy mobile-banking experience. It offers all-day access to representatives. South Louisiana Bank's online and mobile banking services receive great ratings from users. The South Louisiana Bank mobile app has an overall rating of 4.7 out of 5 (with 26 reviews on iOS and Android) compared to the national average of 3.8. You can use South Louisiana Bank's app to manage your bank accounts by checking monthly statements, transferring money and accessing support representatives. South Louisiana Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

South Louisiana Bank ranks as a medium-size bank owning assets totaling $462 million as well as deposits totaling $394 million. South Louisiana Bank has a strong Texas Ratio of 5.53%, suggesting that South Louisiana Bank is in good financial health and improbable to fail. Additionally, South Louisiana Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 South Louisiana Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $100
Checking Account 0.15% APY $2500
Certificates of Deposit
  • 12 Month: 1.50% APY
  • 24 Month: 1.85% APY
  • 36 Month: 2.00% APY
  • 48 Month: 2.15% APY
  • 60 Month: 2.30% APY
$1000 for all terms
Money Market Account 0.4% APY $10000

South Louisiana Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. South Louisiana Bank does not have the best savings rate, which means you should consider 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. South Louisiana Bank's CD rates are fair in comparison to other U.S. banks.

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Find a South Louisiana Bank Near Me

South Louisiana Bank has seven physical locations across the U.S.

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