Scottrade Bank is headquartered in Saint Louis and is the 3rd largest bank in the state of Missouri. It is also the 89th largest bank in the nation. It was established in 2008 and as of December of 2016, it had grown to 149 employees at 1 location. Scottrade Bank has a B+ health rating.
Scottrade Bank is by far the best internet bank I have ever experienced. You must have a qualified brokerage account with Scottrade, Inc. in order to establish an account at Scottrade Bank, but it is worth it. Scottrade Bank offers competitive rates on their deposit accounts and doesn't include all the unnecessary fluff that other institution's accounts carry. I have never experienced any issues with Scottrade Bank and rarely ever find the need to call their Bank Support department in need for help. On one occasion, I did need to call the Bank Support department in regards to a question I had with setting up my account. I was able to speak to a real, live representative stationed in America, without an automated system. The Bank Support representative was extremely helpful and would happily contact them again if a question were to arise.
Firstly, I just wanted to say that I'm a real person and not an employee of Scottrade or anything.
My fiancee and I both have bank accounts with Scottrade. If you have a normal bank and are sick and tired of the "banker's hours" and the nonchalant charging of your account and the poor customer service, consolidate your assets and move to this bank. No fees, no nonsense. Local brokerage branches are everywhere. You can always get in touch with a real person without navigating through millions of automated call options. During operating hours, your local branch will get all your requests and will even call you by name (if they know you well enough). I can't say enough good things about these guys. But maybe that's because of where we have come from.
My fiancee and I have recently gotten engaged and were looking to start a joint brokerage, banking, and savings accounts. Here is where the story begins. We both have had so many negative experiences with banks -- and I'm just your above-average Joe. I have no credit card debt, no outstanding balances, I have a great credit score, and I float at least a 2k balance in my account a month. I go to school full time and I work full time. My fiancee has just recently graduated law school, and is working as well.
I got so tired of the bankers hours, the mistakes the bank made and the horrible customer service. We both have banked with BB&T, CB&T, and Bank of America. I have to say, Scottrade makes these guys look pathetic. Let's be honest.
For people that are nervous about switching to a bank that does most of its business online, don't be afraid. It's well worth it -- I guarantee you'll like them more than you do your current bank.
-- Email message me if you like. My email is firstname.lastname@example.org.
|FDIC Certificate #||58656|
|Return on Assets - YTD||0.89%|
|Return on Equity - YTD||11.49%|
|Annual Interest Income||$351.4MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$16.96B$15.79B|
|Loans||Q4 2016vs Q4 2015||$3.97B$2.86B|
|Deposits||Q4 2016vs Q4 2015||$15.66B$14.56B|
|Equity Capital||Q4 2016vs Q4 2015||$1.25B$1.18B|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$21.1MM$14.4MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$17.2MM$8.6MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$0$0|
Sorry, we do not have rate data for Scottrade Bank.
|Scottrade Bank Locations|
|Scottrade Bank||700 Maryville Centre Drive||Saint Louis, MO 63141|