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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


SouthStar Bank started in 1920 and has its headquarters in Moulton, Texas. SouthStar Bank manages $764 million in assets as well as $509 million in deposits, which makes it a medium-size bank. SouthStar Bank lacks premium access to support representatives, 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 offerings. On the whole, SouthStar Bank is an excellent bank that you should seriously consider, with a score of 4.5 out of 5 stars from our team. SouthStar Bank offers a complete selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, 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, SouthStar Bank's ordinary checking account does not have a monthly fee. Institutions that offer no-fee checking as well as a high savings APY are your best option for returning the highest income from 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

With a savings rate of 0.30%, SouthStar Bank ranks poorly compared to the average U.S. bank. 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 in comparison to the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is ideal because it charges no out-of-network ATM fees. SouthStar Bank unfortunately does not reimburse out-of-network ATM charges, which means you will have to find a SouthStar Bank ATM or accept the cost of withdrawal.

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 bank locations in Texas. With mobile and web apps, SouthStar Bank makes mobile banking convenient, even on the go. SouthStar Bank receives fairly satisfactory scores from customers for its mobile banking services. With 20 customer reviews across both iOS and Android platforms, the SouthStar Bank mobile app is scored at 4.0 out of 5 (compared to the national average of 3.8). SouthStar Bank's mobile app lets you manage your funds by monitoring current statements, transferring funds as well as accessing customer service. SouthStar Bank gets an excellent consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial 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 ranks as a medium-size bank and manages assets totaling $764 million as well as deposits totaling $509 million. SouthStar Bank's Texas Ratio is 3.19%, signifying a low likelihood 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 like 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 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. SouthStar Bank's CD rates are fair compared to other U.S. banks.

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Find a SouthStar Bank Near Me

SouthStar Bank has 14 physical branches in the U.S.

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