APY | ACCOUNT TYPE | HOW THEY COMPARE |
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2.60% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
1.85% | Money Market | 2.20% - Barclays Online Savings Account |
2.80% | 2-year CD | 2.80% - Barclays 24 Month Online CD |
State Bank of Texas (SBT) is headquartered in Dallas and is the 75th largest bank in the state of Texas. It is also the 915th largest bank in the nation. It was established in 1987 and as of September of 2018, it had grown to 122 employees at 6 locations. State Bank of Texas (SBT)'s money market rates are 4X the national average, and it boasts an A+ health rating.
Featured Account Options | SPONSORED LISTINGS | ||||
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We decided to open a jumbo money market account at the Garland branch based on the excellent rate. The sign up experience was shaky. We had to ask for both checks to be sent to us and a receipt for our deposit, among other things. I keep waiting for a phone call telling me they forgot something
The Chicago office said you must go into one of the branches to open an account. It can't be done online or by snail mail.
Beware- when balance falls below $25,000 there is $20 monthly fee-
So many banks have a much more APY. And this bank wants a minimum balance of $100,000 for their abysmal APY?
I called this bank on TWO separate occasions inquiring about its Jumbo Money Market account. I had to leave messages both times, but nobody ever called me back.
I find this to be incredibly unprofessional and bad business on their part since I was looking to deposit $100,000 and not open a Christmas Club account with $100.00!
I'm shocked by their incompetence.
Overall | |
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FDIC Certificate # | 27074 |
Year Established | 1987 |
Employees | 122 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 4.65% |
Return on Equity - YTD | 25.96% |
Annual Interest Income | $42.6MM |
Assets and Liabilities | ||
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Assets | Q3 2018vs Q3 2017 | $843.2MM$842.8MM |
Loans | Q3 2018vs Q3 2017 | $651.1MM$598.6MM |
Deposits | Q3 2018vs Q3 2017 | $690.8MM$661.7MM |
Equity Capital | Q3 2018vs Q3 2017 | $146.3MM$176.4MM |
Loan Loss Allowance | Q3 2018vs Q3 2017 | $5.8MM$6.3MM |
Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $6.2MM$9.5MM |
Real Estate Owned | Q3 2018vs Q3 2017 | $1.8MM$10.4MM |
Always verify rates and promotions with the bank or credit union. We are not State Bank of Texas (SBT); we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.05% | - | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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1.85% | $100k | - | Jumbo MMDA |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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2.80% | $25k | - | Jumbo 24 Month CD | |
2.70% | $25k | - | Jumbo 18 Month CD | |
2.60% | $25k | - | Jumbo 12 Month CD |
State Bank of Texas (SBT) Locations | ||
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Devon Branch | 2615 West Devon | Chicago, IL 60659 |
O'hare International Airport Branch | 10000 West O'hare Avenue | Chicago, IL 60666 |
State Bank Of Texas | 11950 Webb Chapel Road | Dallas, TX 75234 |
Richardson Branch | 500 W Belt Line Road | Richardson, TX 75080 |
Garland Branch | 517 West I-30 | Garland, TX 75041 |
Irving Branch | 605 W. Airport Freeway | Irving, TX 75062 |