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State Bank and Trust Company Review

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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
State Bank and Trust Company Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 2005, State Bank and Trust Company has $5 billion in assets and deposits totaling $4 billion, which makes it a large bank. State Bank and Trust Company, whose headquarters are in Macon, Georgia, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. 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. At a SmartAsset rating of 4.4 stars out of 5, State Bank and Trust Company should be solidly in contention for your choice of bank. State Bank and Trust Company offers a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. State Bank and Trust Company has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, State Bank and Trust Company's standard checking does not carry a monthly maintenance charge. Banks that offer free checking as well as a high interest rate savings account are the best bet for getting the most income on your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

State Bank and Trust Company features a savings rate of 0.25%, which is poor compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 2.05% and 2.45%, respectively, while its highest-yielding money market account has a rate of 0.50%. Given State Bank and Trust Company's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How State Bank and Trust Company's Savings Rates Compare

State Bank and Trust Company Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

State Bank and Trust Company typically has low fees compared to the national average. State Bank and Trust Company's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Also, at $35.00, State Bank and Trust Company's overdraft fee is lower than that of other U.S. banks. State Bank and Trust Company unfortunately does not refund out-of-network ATM charges, meaning you'll have to search for a State Bank and Trust Company ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.9
SmartAsset Average: 3.7

State Bank and Trust Company is a brick-and-mortar bank, with 35 total branches in Georgia. With mobile and web apps, State Bank and Trust Company makes account access convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 7:00 a.m. to 7:00 p.m. ET; Saturday, and 8:30 a.m. to 12:00 p.m. ET. State Bank and Trust Company also offers a live chat feature, a helpful way to reach a representative during the work day. State Bank and Trust Company gets average reviews from customers for its online presence. The State Bank and Trust Company mobile app scored a 3.5 out of 5 (with 86 customer reviews on Apple and Android) compared to the national average of 3.8. You can utilize State Bank and Trust Company's mobile app to manage your finances by looking at account balances, transferring funds as well as reaching customer service. State Bank and Trust Company gets an excellent consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.9
SmartAsset Average: 4.8

State Bank and Trust Company is a large bank owning assets totaling $5 billion as well as deposits totaling $4 billion. State Bank and Trust Company's Texas Ratio is 2.50%, signifying a negligible possibility of failure. Additionally, State Bank and Trust Company 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.

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Compare State Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.1% APY $2500
Certificates of Deposit
  • 12 Month: 2.05% APY
  • 24 Month: 2.28% APY
  • 36 Month: 2.00% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.45% APY
$1000 for all terms
Money Market Accounts 0.5% APY 0.5% APY $10000 $15000

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

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Find a State Bank and Trust Company Near Me

State Bank and Trust Company has 35 branches in the U.S.

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