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SouthStar Bank Review

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SouthStar Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1920, SouthStar Bank has $764 million in assets and $509 million in deposits, classifying it as a medium-size bank. SouthStar Bank, whose headquarters are in Moulton, Texas, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Overall, SouthStar Bank is among the best banks, and should be given strong consideration, with a score of 4.5 stars out of 5 from the SmartAsset experts. SouthStar Bank provides customers with a full choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. SouthStar Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, SouthStar Bank's most basic checking does not have a monthly maintenance fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is your best option for returning the most income on your deposits alongside 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

SouthStar Bank features a savings rate of 0.30%, which is fair compared to the national average. SouthStar Bank's one-year CD earns at a rate of 1.15% and the five-year CD has a rate of 1.81%, while its highest-yielding money market account has a rate of 0.45%. Given SouthStar Bank's below average savings rate, you should think about looking elsewhere to open savings accounts.

How SouthStar Bank's Savings Rates Compare

SouthStar Bank Savings 0.30 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

SouthStar Bank generally has extremely low fees compared to the national average. With no monthly fee, SouthStar Bank's checking account is ideal for those who need a hassle-free checking account. For those who often withdraw cash from the ATM, SouthStar Bank is ideal because it charges no out-of-network ATM fees. SouthStar Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will need to locate a SouthStar Bank ATM or accept the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

SouthStar Bank is a brick-and-mortar bank, with 14 total branches in Texas. With mobile and web apps, SouthStar Bank makes account access straightforward, even on the go. SouthStar Bank's online and mobile banking platforms receive relatively high marks from customers. The SouthStar Bank mobile app has an overall rating of 4.0 out of 5 (out of 20 ratings on Apple and Android) compared to the national average of 3.8. You can access SouthStar Bank's app to manage your bank accounts by looking at account balances, sending and receiving funds and reaching customer service. SouthStar Bank gets a superb consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

SouthStar Bank is a medium-size bank owning $764 million in assets and deposits totaling $509 million. SouthStar Bank's Texas Ratio is 3.19%, signifying a low probability of failure. Additionally, SouthStar 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 SouthStar Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $200
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 1.15% APY
  • 24 Month: 1.36% APY
  • 36 Month: 1.51% APY
  • 48 Month: 1.61% APY
  • 60 Month: 1.81% APY
$1000 for all terms
Money Market Account 0.45% APY $10000

SouthStar 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. SouthStar 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. SouthStar Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a SouthStar Bank Near Me

SouthStar Bank has 14 branches across the U.S.

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