Loading
Tap on the profile icon to edit
your financial details.

Southwest Capital Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Southwest Capital Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Southwest Capital Bank first started operating in 1890 with its headquarters in Albuquerque, New Mexico. It has assets of $385 million and $339 million in deposits, ranking it as a small bank. Southwest Capital 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 in-person service, in addition to its online and mobile offerings. We gave Southwest Capital Bank a 2.9 out of 5 stars, which means it is a lower-rated bank that might not check all the boxes. Southwest Capital Bank provides customers with a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking account carries a $3.50 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Locating a bank with no-fee checking, in addition to a high savings APY is your best option for accruing the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

2.9/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.0
SmartAsset Average: 3.5

Southwest Capital Bank features a savings rate of 0.05%, which is fair in comparison to the national average. Its CD rates are 0.45% and 2.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.10%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Southwest Capital Bank's Savings Rates Compare

Southwest Capital Bank Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

3.0
SmartAsset Average: 4.4

Southwest Capital Bank has generally high fees in comparison to the average U.S. bank. Southwest Capital Bank's checking account has a monthly fee of $3.50, rating it fair for anyone looking for a simple account. Southwest Capital Bank does not reimburse out-of-network ATM charges, which means you'll need to find a Southwest Capital Bank ATM or accept the ATM charge.

Monthly Fee $3.50 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Southwest Capital Bank is a brick-and-mortar bank, with six total bank locations in New Mexico. With mobile and web apps, Southwest Capital Bank makes account access convenient, even on the go. You can access Southwest Capital Bank's mobile app to control your funds by looking at account balances, transferring money and reaching support representatives. Southwest Capital Bank gets an excellent consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

3.2
SmartAsset Average: 4.8

Southwest Capital Bank is a small bank owning assets totaling $385 million as well as $339 million in deposits. Southwest Capital Bank has a good Texas Ratio of 37.67%, indicating that Southwest Capital Bank is in satisfactory financial shape. Additionally, Southwest Capital Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

37.67%
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.

Back to Overview

Compare Southwest Capital Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.04% APY $750
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.55% APY
  • 48 Month: 1.80% APY
  • 60 Month: 2.00% APY
$1000 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

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

Back to Overview

Find a Southwest Capital Bank Near Me

Southwest Capital Bank has six physical locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure