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Southcrest Bank Review

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Southcrest Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1920, Southcrest Bank has $543 million in assets as well as $445 million in deposits, classifying it as a medium-size bank. Southcrest Bank, whose headquarters are in Atlanta, Georgia, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked Southcrest Bank at a 3.9 stars out of 5, suggesting it is a respectable bank that warrants your consideration. Southcrest Bank has a varied selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. Southcrest Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Southcrest Bank's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking as well as a high savings APY are your best bet for gaining the most income from 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

With a savings rate of 0.10%, Southcrest Bank ranks poorly in comparison to the national average. Its one-year CD earns at a rate of 1.10% and the five-year CD has a rate of 2.02%, while its highest-yielding money market account earns at an APY of 0.15%. Given Southcrest Bank's poor savings rate, you should consider taking a look at other banks for savings accounts.

How Southcrest Bank's Savings Rates Compare

Southcrest Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Southcrest Bank charges customers extremely low fees in comparison to the national average. With no monthly fee, Southcrest Bank's checking account is ideal for people who need a hassle-free checking account. Southcrest Bank doesn't reimburse out-of-network ATM charges, which means you will have to locate a Southcrest Bank ATM or accept the withdrawal fee.

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

Southcrest Bank is a brick-and-mortar bank, with 11 total branches in Georgia. With mobile and web apps, Southcrest Bank makes mobile banking convenient, even on the go. Southcrest Bank's online and mobile banking platforms receive poor feedback from customers. The Southcrest Bank mobile app rates a 2.2 out of 5 (with 44 customer reviews on Apple and Android) compared to the national average of 3.8. Southcrest Bank's mobile app lets you manage your funds by looking at account balances, sending and receiving money as well as accessing support representatives. Southcrest Bank receives a superb consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 2.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Southcrest Bank is currently a medium-size bank and has $543 million in assets as well as deposits totaling $445 million. Southcrest Bank has a strong Texas Ratio of 16.01%, signifying a small chance of failure. Additionally, Southcrest 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 Southcrest Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $50
Checking Account 0.2% APY $50
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 1.36% APY
  • 36 Month: 1.82% APY
  • 48 Month: 1.92% APY
  • 60 Month: 2.02% APY
$500 for all terms
Money Market Account 0.15% APY $25000

Southcrest Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Southcrest 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. Southcrest Bank's CD rates are fair in comparison to the national average.

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Find a Southcrest Bank Near Me

Southcrest Bank has 11 locations in the U.S.

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