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SouthTrust Bank Review

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SouthTrust Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1934, SouthTrust Bank has $378 million in assets as well as deposits totaling $336 million, which makes it a small bank. SouthTrust Bank, whose headquarters are in George West, 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 offerings. Coming in at a commendable 4.3 stars out of 5, SouthTrust Bank is a solid contender in your bank search. SouthTrust Bank has a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, SouthTrust Bank's standard checking account does not have a monthly fee. Institutions that offer no-fee checking as well as a high interest rate savings account are the best option for gaining the highest 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

SouthTrust Bank has a savings rate of 0.20%, which is poor compared to other U.S. banks. SouthTrust Bank's one-year CD has a rate of 1.76% and the five-year CD earns at a rate of 2.94%, while its highest-yielding money market account has an APY of 0.50%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How SouthTrust Bank's Savings Rates Compare

SouthTrust Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

SouthTrust Bank charges its customers extremely low fees as compared against the national average. With no monthly fee, SouthTrust Bank's checking account is ideal for people who need a hassle-free checking account. SouthTrust Bank doesn't reimburse out-of-network ATM charges, which means you'll be required to search for a SouthTrust Bank ATM or accept the 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

SouthTrust Bank is a brick-and-mortar bank, with six total bank locations in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. SouthTrust Bank's online and mobile banking platforms get moderately high ratings from users. Out of 9 customer reviews on Apple and Android platforms, the SouthTrust Bank mobile app has an overall rating of 4.2 out of 5 (compared to the national average of 3.8). SouthTrust Bank's mobile app allows you to manage your accounts by checking current statements, transferring money and accessing customer service. SouthTrust Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

SouthTrust Bank ranks as a small bank and manages assets totaling $378 million and deposits totaling $336 million. It has a strong Texas Ratio of 18.22%, indicating a small chance of failure. Additionally, SouthTrust 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 SouthTrust Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.1% APY $500
Certificates of Deposit
  • 12 Month: 1.76% APY
  • 24 Month: 2.02% APY
  • 36 Month: 2.27% APY
  • 60 Month: 2.94% APY
$500 for all terms
Money Market Account 0.4% APY $5000

SouthTrust Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. SouthTrust 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. SouthTrust Bank's CD rates are fair in comparison to other U.S. banks.

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Find a SouthTrust Bank Near Me

SouthTrust Bank has six physical locations across the U.S.

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