S&T Bank was founded in 1902 and is headquartered in Indiana, Pennsylvania. It manages assets of $7 billion as well as $5 billion in deposits, making it a large bank. S&T Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, S&T Bank is a bank with better alternatives, with a rating of 3.7 out of 5 stars from our team. S&T Bank offers the basic package of product offerings, including savings accounts, checking accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for accruing the most income from your deposits while having easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.05%, S&T Bank ranks poorly in comparison to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.15% and 1.00%, respectively, while its highest-yielding money market account earns at an APY of 0.05%. Given S&T Bank's poor savings rate, you should think about other options to earn more on your deposits.
How S&T Bank's Savings Rates Compare
There is insufficient data on S&T Bank's fees to provide a full SmartAsset rating.
S&T Bank is a brick-and-mortar bank, with 60 total branches in Ohio and Pennsylvania. It also offers access to mobile and web apps for a straightforward mobile-banking experience. S&T Bank receives poor reviews from customers for its mobile app. The S&T Bank mobile app rates a 3.1 out of 5 (with 300 reviews on iOS and Android) compared to the national average of 3.8. S&T Bank's mobile app lets you control your bank accounts by reviewing monthly statements, sending and receiving money as well as accessing customer service. S&T Bank gets a superb consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
S&T Bank is a large bank with $7 billion in assets and deposits totaling $5 billion. It has an excellent Texas Ratio of 2.63%, signifying that the bank is in terrific financial shape and far from failure. Additionally, S&T Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
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 S&T Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$25|
|Checking Account||0.01% APY||$1|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Account||0.05% APY||$25000|
S&T Bank has a basic array of deposit products like savings accounts and checking accounts. S&T Bank does not have the best savings rate, which means you should think about 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. S&T Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a S&T Bank Near Me
S&T Bank has 60 physical locations across the U.S.Back to Overview