State Bank of Texas
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.55% | Money Market | Jumbo MMDA 0.85% - Ally Bank Money Market Account |
| 1.55% | 1-year CD | Jumbo 12 Month CD 1.35% - Ally Bank High Yield 12-Month CD |
| 1.45% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
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
6/26 - State Bank of Texas Ups Jumbo MMDA To 1.55% APY ($100k+)
5/24 - State Bank of Texas 12-Month Jumbo CD (1.55% APY) Available Nationwide
Shaky Start
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
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
Beware- when balance falls below $25,000 there is $20 monthly fee-
Awful Customer Service
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.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27074 |
| Year Established | 1987 |
| Employees | 220 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 19.02% |
| Return on Equity - YTD | 116.69% |
| Annual Interest Income | $14.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $959.4MM$675.5MM |
| Loans | Q1 2017vs Q1 2016 | $654.9MM$500.0MM |
| Deposits | Q1 2017vs Q1 2016 | $781.9MM$483.3MM |
| Equity Capital | Q1 2017vs Q1 2016 | $154.0MM$127.4MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $6.3MM$6.7MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $13.1MM$13.8MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $10.1MM$6.1MM |
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
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!
Always verify rates and promotions with the bank or credit union. We are not State Bank of Texas; 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.
State Bank of Texas Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.55% | $100k | - | Jumbo MMDA |
State Bank of Texas CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.55% | $100k | - | Jumbo 12 Month CD | ||
| 1.45%* | $25k* | - | 12 Month CD | ||
| OTHER TIERS: 1.30% → $5k - $25k | |||||
State Bank of Texas has 15 locations. Click to view all State Bank of Texas locations.