2 star ratingAverage User Rating:
2 star rating based on 2 reviews.

Southern Community Bank & Trust

Southern Community Bank & Trust Locations
AcquiredThis bank has been acquired by Capital Bank, National Association

P.O. Box 26134
Winston-Salem, NC 27114
(888) 768-2666

FDIC


Inactive as of October 11, 2012 Southern Community Bank and Trust is no longer doing business under that name because it has been merged or acquired without government assistance. See the active successor institution Capital Bank, National Association (FDIC #: 59049)

Southern Community Bank & Trust Routing Number: 053112097

Related Posts

Southern Community Bank & Trust Cuts Reward Checking Rate From 2.25% To 1.15% (Forum) - 2/2/2011

Just one month after the last big rate cut, they did another one. This time the top reward checking yield has fallen from 2.25% to 1.15% APY. The balance cap remains at $25K. This is called the Maximum Earnings Banking account, and this rate is shown on t

Ready Saver Account Rate Plummets To 0.90% (Forum) - 1/12/2011

Ready Saver, the internet bank from Southern Community Bank & Trust, slashed its savings account yield from 1.35% to 0.90% APY. This applies to all balances.

Southern Community Bank & Trust Cuts RCA Rate From 3.0% To 2.25%, Keeps $25K Cap (Forum) - 1/3/2011

Ken reported in his Jan. 2 weekly summary that Southern Community Bank and Trust has cut their interest rate on their ME  Banking RCA account from 3.0% to 2.25%. The new rate shows on the bank's web site as being effective Jan. 1, 2011. The other fea

Special No-Penalty CD at Southern Community Bank & Trust in NC - Available Nationwide - 12/29/2010

Southern Community Bank & Trust is offering a special 18-month CD called the Easy Access CD. It has a competitive yield of 1.50% APY with a minimum deposit of $500. It's called Easy Access because ...

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ReadySaver - Southern Community Bank & Trust
2 stars - tommytwotooth - Wednesday, June 16, 2010 - 10:33 AM

While it boasts one of the highest savings rates of any online bank, the web interface is sub-par. 

Web-inerface:

My first impression of the website was that it was extremely slow and nonintuitive.  It's an odd mix of flash overlayed on a primitive non-flash webpage.  If all you want to do is log in and see your account balance, then their website is fine.  However, having been somewhat of a connoisseur of several online banks (e.g. ing, capital one, emigrant, etc) I've come to expect some minimum features that I believe all online websites should have.

For example, there isn't a way to set any e-mail alerts whatsover.  I find that particularly annoying because it requires me to log in to confirm when/whether a particular transferred was successful; or to simply be alerted of any unanticipated account activity.

Setting up the ability for ACH transfers was also a hassle because they require a separate authorization form to be approved by an actual customer service representative.  That's before you've even set-up any ACH links to the other banking institutions.  It took almost 2 weeks to link up my accounts.

Customer Service:

They have live chat during business hours (9-5), which is a nice but necessary feature given that you can't seem to accomplish much with their website alone.  When I opened an account, someone at the bank actually sent me a e-mail attached with a pdf document confirming that I had opened an account.  Personal, but weird in this day and age.

Overall:

Overall, I find it strange that so many things seem unautomated given that it's an 'online' bank.  For me, that gives the uneasy feeling that there is a higher risk of human error than most other online banks.  There is also no ability to set-up any e-mail/text alerts for account activities.  So, if you can remember to log-in to your account every week to make sure things are okay, then the high interest rate their paying is worth it (for the time being).

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New Interest Rate Is 2.25% As Of 1-1-11
2 stars - jackstilton - Saturday, January 1, 2011 - 9:18 AM

Another one bites the dust.

http://www.smallenoughtocare.com/other.aspx?show=rates

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