Featured Savings Rates
Featured Accounts

State Bank of Texas

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.55%Money MarketJumbo MMDA
1.55%1-year CDJumbo 12 Month CD
1.45%1-year CD12 Month CD

Overview / Commentary
972-252-6000
11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas is headquartered in Dallas and is the 65th largest bank in the state of Texas. It is also the 787th largest bank in the nation. It was established in 1987 and as of March of 2017, it had grown to 220 employees at 15 locations. State Bank of Texas' money market rates are 4X the national average, and it has a B+ health rating.

Related Posts

1.55 % Money Market, BUT NOT FOR ME - 7/17/2017

I have apparently made the unpardonable error of being a current customer of State Bank of Texas. The current posted rate for their Jumbo Money Market account is 1.55%. When I got my latest statement, the rate shown is 1.25%, the rate when I opened the account. I called today, and was told that the higher rate is for"new money". I replied that the old money is likely to disappear given the bank's behavior toward its customers. The response was that the banker would talk to the Treasurer of the bank to see what he could do. Maybe this will be fixed by my leaving, or maybe they will pay what they are advertising- we will see. The one thing for sure is that you have to watch your accounts with them like a hawk!

State Bank of Texas Ups Jumbo MMDA To 1.55% APY ($100k+) - 6/26/2017

State Bank of Texas has raised the rate on its nationally available Jumbo MMDA (1.55% APY, $100k+). Balances below $100k do not earn any interest.

State Bank of Texas 12-Month Jumbo CD (1.55% APY) Available Nationwide - 5/24/2017

State Bank of Texas has raised the rate on its nationally available 12-month Jumbo CD (1.55% APY, $100k min) and 12-month CD (1.45% APY, $25k min).

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Reviews (4)

Shaky Start

Posted by: dla1946 | May 27, 2016

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

Account Opening

Posted by: CSample | Mar 11, 2016

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.

Money Market Account

Posted by: dale26s | Jun 16, 2017

Beware- when balance falls below $25,000 there is $20 monthly fee-

Awful Customer Service

Posted by: pwj7050 | Jul 28, 2017

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #27074
Year Established1987
Employees220
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD19.02%
Return on Equity - YTD116.69%
Annual Interest Income$14.0MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$959.4MM$675.5MM
LoansQ1 2017vs Q1 2016$654.9MM$500.0MM
DepositsQ1 2017vs Q1 2016$781.9MM$483.3MM
Equity CapitalQ1 2017vs Q1 2016$154.0MM$127.4MM
Loan Loss AllowanceQ1 2017vs Q1 2016$6.3MM$6.7MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$13.1MM$13.8MM
Real Estate OwnedQ1 2017vs Q1 2016$10.1MM$6.1MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

1.55 % Money Market, BUT NOT FOR ME

RichL40T   |  
I have apparently made the unpardonable error of being a current customer of State Bank of Texas. The current posted rate for their Jumbo Money Market account is 1.55%. When I got my latest statement, the rate shown is 1.25%, the rate when I opened the account.

I called today, and was told that the higher rate is for"new money". I replied that the old money is likely to disappear given the bank's behavior toward its customers. The response was that the banker would talk to the Treasurer of the bank to see what he could do. Maybe this will be fixed by my leaving, or maybe they will pay what they are advertising- we will see.

The one thing for sure is that you have to watch your accounts with them like a hawk!

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

State Bank of Texas Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%$100k-Jumbo MMDA

State Bank of Texas CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%$100k-Jumbo 12 Month CD
1.45%*$25k*-12 Month CD
OTHER TIERS: 1.30% $5k - $25k
Locations

State Bank of Texas has 15 locations. Click to view all State Bank of Texas locations.