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Southeastern Bank Review

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Southeastern Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1889, Southeastern Bank has assets totaling $430 million as well as deposits totaling $382 million, making it a medium-size bank. Southeastern Bank, whose headquarters are in Darien, 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 offerings. SmartAsset experts rated the bank 3.2 stars out of 5, suggesting Southeastern Bank is a satisfactory bank that you should further inspect to see if it fits your needs. Southeastern Bank has a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking product features a monthly fee of $6.00, making it a rather costly bank for checking. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same bank is the 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 0.25%, Southeastern Bank ranks poorly compared to other U.S. banks. Its one-year CD has a rate of 0.90% and the five-year CD earns at a rate of 1.51%, while its highest-yielding money market account earns at a rate of 0.35%. Given Southeastern Bank's below average savings rate, you should think about other options to earn more on your deposits.

How Southeastern Bank's Savings Rates Compare

Southeastern Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Southeastern Bank charges its customers high fees in comparison to the national average. Its checking account has a monthly fee of $6.00, making it fair for anyone looking for a hassle-free account. Southeastern Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will be required to search for a Southeastern Bank ATM or accept the cost of withdrawal.

Monthly Fee $6.00 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

Southeastern Bank is a brick-and-mortar bank, with 10 total bank locations in Florida and Georgia. It also offers access to mobile and web apps for a simple mobile-banking experience. Southeastern Bank gets inferior reviews from customers for its mobile platform. The Southeastern Bank mobile app scored a 2.3 out of 5 (out of 9 ratings on iOS and Android) compared to the national average of 3.8. Southeastern Bank's mobile app lets you control your bank accounts by looking at monthly statements, sending and receiving funds and reaching support representatives. Southeastern Bank receives an exceptional consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Southeastern Bank is a medium-size bank owning assets totaling $430 million and deposits totaling $382 million. Its Texas Ratio is 14.75%, signifying a tiny chance of failure. Additionally, Southeastern 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 Southeastern Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.1% APY $2000
Certificates of Deposit
  • 12 Month: 0.90% APY
  • 24 Month: 1.01% APY
  • 36 Month: 1.16% APY
  • 48 Month: 1.31% APY
  • 60 Month: 1.51% APY
$500 for all terms
Money Market Account 0.35% APY $25000

Southeastern 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. Southeastern Bank does not have the best savings rate, which means you should consider taking a look 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. Southeastern Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Southeastern Bank Near Me

Southeastern Bank has 10 branches across the U.S.

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