Southern Bank and Trust Company

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.35%	5-year CD	3.10% - American Express National Bank 60 Month CD
0.10%	1-year CD	2.65% - Barclays 12 Month Online CD
0.08%	Savings	2.20% - Barclays Online Savings Account

View all Southern Bank and Trust Company rates »

Overview / Commentary

www.southernbank.com

919-658-7000

100 North Center Street
Mount Olive, NC 28365

Southern Bank and Trust Company is headquartered in Mount Olive and is the 7^th largest bank in the state of North Carolina. It is also the 351^st largest bank in the nation. It was established in 1901 and as of September of 2018, it had grown to 557 employees at 62 locations. Southern Bank and Trust Company's money market rates are 3X the national average, and it has an A health rating.

Reviews (3)

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Great Service Every Time!

Posted by: TunaHelper | Mar 14, 2016

Banking with South Bank and Trust has been a refreshing experience. I had currently had accounts with Wells Fargo and was tired of racking up fees and never being able to properly cancel services. I had heard nothing but great things about Southern Bank, so I decided to make the switch four years ago. I make a lot of purchases online and they have given me the freedom to do so safely. They routinely call me if I have made several purchases to new vendors to verify all of the charges are correct. If there is a disputed charge, they have been quick to deny it and protect my safety. The tellers are excellent people who are always friendly, helpful, and efficient. It's wonderful knowing that my checking and savings accounts are in great hands!

Comment

DID NOT KEEP THEIR WORD

Posted by: Jerry Rabey | Jun 5, 2014

SOUTHERN BANK DID NOT KEEP ITS WORD ON A LOAN THEY GAVE ME, SO I WAS NOT ABLE TO KEEP MY WORD TO THE MAN I WAS BUYING LAND FROM,THEY WOULD NOT RETURN CALLS FOR WEEKS.THE MGR IN AHOSKIE TALKED UGLY TO ME, THEY CAUSED ME TO LOOSE A PEACE OF LAND I WANTED TO RETIRE ON. I WOULD NOT DEAL WITH THIS BANK

Comment

JERRY RABEY

Posted by: Jerry Rabey | May 21, 2014

THIS BANK DOES NOT KEEP ITS WORD.THEY HAVE JERKED MY WIFE AND I AROUND FOR THE LAST 30 DAYS. I DONT KNOW HOW THEY STAY IN BUSINESS.

Health

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	15359
Year Established	1901
Employees	557
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.4%
Return on Equity - YTD	13.86%
Annual Interest Income	$74.6MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$2.59B$2.54B
Loans	Q3 2018vs Q3 2017	$1.70B$1.62B
Deposits	Q3 2018vs Q3 2017	$2.32B$2.20B
Equity Capital	Q3 2018vs Q3 2017	$262.7MM$259.5MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$20.2MM$18.1MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$11.1MM$7.2MM
Real Estate Owned	Q3 2018vs Q3 2017	$594.00K$1.2MM

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southern Bank and Trust Company Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.08%	-	-	Regular Savings

Southern Bank and Trust Company Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%^*	$1m^*	-	Premium MMS
OTHER TIERS: 0.10% → $1 - $25k \| 0.25% → $25k - $50k \| 0.65% → $50k - $100k \| 0.75% → $100k - $500k \| 1.01% → $500k - $1m
0.30%^*	$100k^*	-	Insured Money Market Savings
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k \| 0.25% → $50k - $100k
0.20%	-	-	IRA Money Market
0.20%	-	-	Money Market ROTH IRA

Southern Bank and Trust Company Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.04%	-	-	Personal Interest on Checking
0.04%	-	-	Commercial Interest on Checking

Southern Bank and Trust Company CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.20%	$500	$100k	24 Month Step Rate CD Months 7 to 12
2.10%	$500	$100k	24 Month Step Rate CD Months 19 to 24
2.00%	$500	$100k	24 Month Step Rate CD Months 13 to 18
1.90%	$500	$100k	24 Month Step Rate CD Months 1 to 6
1.11%^*	$50k^*	$100k	182 - 364 Day CD
OTHER TIERS: 0.90% → $500 - $10k \| 1.01% → $10k - $50k
1.11%^*	$50k^*	$100k	182 - 364 Day Plus CD
OTHER TIERS: 0.90% → $5k - $10k \| 1.01% → $10k - $50k
1.11%^*	$50k^*	$100k	182 - 364 Day Prime CD
OTHER TIERS: 0.90% → $5k - $10k \| 1.01% → $10k - $50k
0.35%	$500	$100k	5 Year CD
0.30%	$500	$100k	48 - 59 Month CD
0.25%	$500	$100k	36 - 47 Month CD
0.20%	$500	$100k	24 - 35 Month CD
0.20%	$5k	$100k	12 - 17 Month Plus CD
0.20%	$5k	$100k	12 - 17 Month Prime CD
0.15%	$500	$100k	18 - 23 Month CD
0.10%	$500	$100k	12 - 17 Month CD
0.05%	$500	$100k	7 - 31 Day CD
0.05%	$500	$100k	32 - 90 Day CD
0.05%	$500	$100k	91 - 181 Day CD

Southern Bank and Trust Company IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%^*	$50k^*	-	182 - 364 Day IRA
OTHER TIERS: 0.90% → Up to $10k \| 1.01% → $10k - $50k
1.11%^*	$50k^*	-	182 - 364 Day Roth IRA
OTHER TIERS: 0.90% → Up to $10k \| 1.01% → $10k - $50k
0.35%	-	-	60 Month IRA
0.35%	-	-	60 Month Roth IRA
0.30%	-	-	48 - 59 Month IRA
0.30%	-	-	48 - 59 Month Roth IRA
0.25%	-	-	36 - 47 Month IRA
0.25%	-	-	36 - 47 Month Roth IRA
0.20%	-	-	24 - 35 Month IRA
0.20%	-	-	24 - 35 Month Roth IRA
0.15%	-	-	18 Month Variable IRA
0.15%	-	-	18 Month Variable Roth IRA
0.15%	-	-	18 - 23 Month IRA
0.15%	-	-	18 - 23 Month Roth IRA
0.10%	-	-	12 - 17 Month IRA
0.10%	-	-	12 - 17 Month Roth IRA
0.10%	-	-	12 - 17 Month Education Savings Account

Locations

Availability

Raleigh Area

Raleigh Area bank & credit union details

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