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SouthEast Bank Review

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SouthEast Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 2002, SouthEast Bank has assets totaling $1 billion as well as $1 billion in deposits, ranking the institution as a large bank. SouthEast Bank, whose headquarters are in Farragut, Tennessee, 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 access to service representatives at a physical location, in addition to its online and mobile apps. We gave the bank a 4.2 out of 5 stars, indicating that SouthEast Bank is a solid pick to be your bank. SouthEast Bank offers a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. SouthEast Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, SouthEast Bank offers an option without a maintenance or monthly fee. Locating an institution with no-fee checking and a high savings APY is your best bet for getting the highest 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

With a savings rate of 0.05%, SouthEast Bank ranks poorly compared to the average U.S. bank. Its one-year CD earns at a rate of 0.20% and the five-year CD earns at a rate of 0.65%, while its highest-yielding money market account has a rate of 0.10%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

How SouthEast Bank's Savings Rates Compare

SouthEast Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

SouthEast Bank generally has extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. SouthEast Bank doesn't refund out-of-network ATM fees, which means you will need to search for a SouthEast Bank ATM or pay 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

SouthEast Bank is a brick-and-mortar bank, with 16 total branches in Tennessee. With mobile and web apps, SouthEast Bank makes account access easy, even on the go. SouthEast Bank gets relatively good scores from users for its online presence. Out of 67 customer reviews across both iOS and Android platforms, the SouthEast Bank mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). You can access SouthEast Bank's mobile app to control your bank accounts by monitoring current statements, transferring funds and reaching customer service. SouthEast Bank gets a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

SouthEast Bank ranks as a large bank owning assets totaling $1 billion as well as deposits totaling $1 billion. It has an excellent Texas Ratio of 2.13%, suggesting a negligible possibility of failure. Additionally, SouthEast 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 SouthEast Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.35% APY $1
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.45% APY
  • 48 Month: 0.55% APY
  • 60 Month: 0.65% APY
$1000 for all terms
Money Market Account 0.1% APY $10000

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

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Find a SouthEast Bank Near Me

SouthEast Bank has 16 locations across the U.S.

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