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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


Started in 1934, SouthTrust Bank has $378 million in assets and $336 million in deposits, which makes the institution a small bank. SouthTrust Bank, whose headquarters are in George West, Texas, 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 apps. We gave the bank a 4.3 stars out of 5, which means SouthTrust Bank is a great bank that you should seriously consider. SouthTrust Bank has a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, SouthTrust Bank offers an option without a monthly fee. Locating an institution with free checking and a high interest rate savings account is the best bet for returning the most income on your deposits alongside convenient 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

SouthTrust Bank features a savings rate of 0.20%, which is fair compared to the average U.S. bank. Its CDs feature a rate of 1.82% and 2.94% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.50%. Given SouthTrust Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

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 customers extremely low fees compared to the average U.S. bank. With no monthly fee, SouthTrust Bank's checking account is perfect for those who want an easy checking account. SouthTrust Bank does not refund out-of-network ATM fees, meaning you will be required to find a SouthTrust Bank ATM or accept 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

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 receives moderately high marks from customers for its mobile app. The SouthTrust Bank mobile app scored a 4.2 out of 5 (out of 9 reviews on Apple and Android) compared to the national average of 3.8. SouthTrust Bank's mobile app lets you control your finances by checking monthly statements, sending and receiving money and accessing support representatives. SouthTrust Bank receives a superb consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed 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 owning assets totaling $378 million as well as $336 million in deposits. SouthTrust Bank has a strong Texas Ratio of 18.22%, suggesting that SouthTrust Bank is in good financial condition and far from 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: 1.82% APY
  • 24 Month: 2.35% APY
  • 36 Month: 2.50% APY
  • 60 Month: 2.94% APY
$500 for all terms
Money Market Account 0.4% APY $5000

SouthTrust Bank offers several deposit products like 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 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. SouthTrust Bank's CD rates are fair compared to other U.S. banks.

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Find a SouthTrust Bank Near Me

SouthTrust Bank has six branches in the U.S.

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