Southern Bank

Reviews (7)

Great Bank

I've been a customer for a few years now and they are great place to bank at. I have accounts at least three different banks and they are the best.

Best Interest rate for checking account!

Posted by: |

My experience with Southern Bank has been good. I setup my account with them all online and was relatively easy. They have a smooth mobile app that allows you to access your account anytime you want to. You can deposit checks using the app for easy convenience. The reason I picked this bank was because of their killer interest rate on checking accounts. Currently it's at 3% on up to $15,000. The only catch is you have to do some sort of direct deposit, 12 debit card transactions, and sign-up for paperless statements. It's easy to find 12 things a month to use my debit card on. If you meet all the requirements then they will reimburse you on ATM fees from other banks.

Rude And Moneythirsty

Posted by: |

Don’t bank here unless you like being treated like dirt any time you call customer service for assistance, and you have plenty of extra money to be drained for random charges. If you have a dispute on a charge it’ll take more than 30 days for a resolution, and you’ll have to waste your own time following up with them repeatedly to remind them to do their job and ask for updates on your case. Their reps are disrespectful and condescending, including the managers. I’ll let a more respectful bank profit from my funds instead.

Worst Bank Ever

Posted by: |

This bank will add fees to closed accounts, never contacting ALL of the account holders and then send the whole mess to collections. The account had to be closed because the debit card use was unreliable for an out of town traveler because the bank was hacked so many times and the cards were constantly declined and had to be replaced. Sending something to collections without notifying ALL the account holders of an issue (after adding $100's of dollars in fees) and threatening credit reporting is akin to extortion. They also will not work with you in any way to take care of the alleged amount owed in a timely manner. Basically you bank here, you're screwed.

Unhappy With This Bank!

Posted by: |

Very unhappy with this bank. I have constant problems with the ATM never having money in it or being "temp out of service". This is the only branch in Batesville and the only ATM. You would think they would keep it stocked. Just in the past week, I've had to make 4 trips to the ATM to try to get money out of it since they are only open the times I'm at work. Three of these trips, the ATM was either Out of Service or had no money in it. This seems to be a constant problem. I've called and complained many times and never get a call back. It's extremely frustrating. I have called the main bank numerous times and the bank in Batesville but nothing ever seems to be done about it. I called and complained AGAIN at the main bank in Missouri ( the number automatically sends you there if the bank in Batesville is closed) I was told they would let the Batesville Manager know and it would be taken care of. I go back this morning to try to get money out of my account...( the bank is closed because they have changed their opening hours to 830am) and of course it is TEMP OUT OF SERVICE. I'm to the point of starting to use another bank. I have accounts at two other banks in Batesville (First Community and Citizens) and I have NEVER had an issue with their ATMS but Southern has ONE ATM in Batesville and it never works. I have literally pulled up to the ATM of this bank right at closing time and watched the employees walking out leaving with the ATM flashing "OUT OF SERVICE". Not happy with SOUTHERN BANK at all. VERY VERY UNHAPPY CUSTOMER!! THINK TWICE ABOUT OPENING AN ACCT HERE...ESPECIALLY IF YOU HAVE TO USE THE ATM OFTEN BECAUSE OF THE INCONVENIENT HOURS THEY ARE OPEN.

Worst Bank Ever

This is the worst bank I have had the displeasure of dealing with. If you are a person that has a low income and live penny to penny, don't deal with them. Never do overdraft either. They "rearrange" things in your account so they can get the maximum overdraft charges. Bank of America was sued for this. They will lock your account even when it has money in it and tell you it's a "safety feature" and not let you access your money. You can complain and they will take messages and nobody will respond. I filed a better business bureau complaint and nobody responded. Shady bank with shady practices!

Stiffing The Appraiser

Posted by: |

As an appraiser, I've yet to receive payment for an appraisal I did in January 2016. I don't expect payment because I didn't "bring home the bacon" on their deal apparently. So much for the Appraisal Independence Requirement of Dodd-Frank.

Need I remind the appraiser's job is not to rubber stamp the value? It is to provide an independent opinion of value.


Health Grade Components

FDIC Certificate #28332
Year Established1887
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.49%
Return on Equity - YTD15.28%
Annual Interest Income$60.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.19B$2.69B
LoansQ2 2022vs Q2 2021$2.69B$2.20B
DepositsQ2 2022vs Q2 2021$2.82B$2.33B
Equity CapitalQ2 2022vs Q2 2021$306.5MM$283.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$33.2MM$33.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.1MM$5.6MM
Real Estate OwnedQ2 2022vs Q2 2021$2.2MM$2.2MM
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Southern Bank; we are a rate comparison website and cannot provide official rates or promotions.

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

Southern Bank Savings Account Rates

0.50%--First-Time Home Buyers Savings

Southern Bank Checking Account Rates

2.01%*-$25kSouthern Advantage
OTHER TIERS: 0.05% $25k+
1.01%*-$10kSouthern Elite
OTHER TIERS: 0.10% $10k+


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.