Third Coast Bank, SSB


Overview / Commentary
833-844-7708
20202 Hwy 59 North, Suite 190
Humble, TX 77338

Third Coast Bank, SSB is headquartered in HUMBLE and is the 24th largest bank in the state of Texas. It is also the 305th largest bank in the nation. It was established in 2008 and as of December of 2023, it had grown to 365 employees at 17 locations. Third Coast Bank, SSB's money market rates are 6X the national average, and it boasts an A+ health rating.

Reviews (2)

CD Rate Is Very Good For This Bank

I have online accounts at all the banks you see to the right, and more. I saw Third Coast was offering one of the best HYSA, i am so interested in the CD bank investment and also a good APY rate are better also..


I have online accounts at all the banks you see to the right, and more. I saw Third Coast was offering one of the best HYSA,

So Far, So Good.

Posted by: |

I have online accounts at all the banks you see to the right, and more. I saw Third Coast was offering one of the best HYSA, so I checked it out. I am writing this long review because there are no other reviews. This is my understanding of the process. Third Coast is a member of a network of maybe a dozen banks and credit unions, jointly marketed by savebetter.com.

Funds are actually held by Central Bank of Kansas City as well as Lewis and Clark Bank. According to Bauer Financial, they are both 5 star rated institutions. Yes, I always do my homework before I establish any accounts or initiate any transfers.

Savebetter, according to their website, is the U.S. operation of Deposit Solutions, a German company backed by Peter Thiel.

Account application for any of these banks or credit unions is actually performed on the savebetter.com website. The process was one of the easiest I have encountered. They do not use Plaid, so there is no giving of your bank login and password.

You supply the routing and account number of the external account you wish to set up. You establish an email address and a password, and the amount of the transfer, and Savebetter verifies your account. Once verified, the transfer is made.

Log into savebetter.com, and the main page displays the bank name and logo where you established your account. The balance, and the current yield. What is really like in addition to this transparency, is the ability to immediately transfer additional funds to any of the other banks or credit unions under the savebetter umbrella using your existing external account.

I decided to open an account at Western Alliance Bank, one of the member banks. I clicked on the bank, and immediately a page popped up allowing me to transfer funds from my previously established external account to Western Alliance.

Now, when I log into savebetter.com, both of those banks appear on my main page with account info and yield.

From the long-winded review, some might think I am affiliated with savebetter, and I am shilling for them. Not true. My only affiliation, is as a depositor, just like anyone else. Always do your own due diligence.



Health
A+

Health Grade Components

Overall
FDIC Certificate #58716
Year Established2008
Employees365
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD8.1%
Annual Interest Income$266.2MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$4.39B$3.77B
LoansQ4 2023vs Q4 2022$3.6B$3.08B
DepositsQ4 2023vs Q4 2022$3.81B$3.24B
Equity CapitalQ4 2023vs Q4 2022$525.1MM$482.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$37MM$30.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$17.3MM$11.5MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Third Coast Bank, SSB Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%*$250k*-High Yield Money Market Special - New Money
OTHER TIERS: 0.25% Up to $25k | 2.00% $25k - $100k | 2.25% $100k - $250k
2.75%*$250k*-Business High Yield Money Market Special - New Money
OTHER TIERS: 0.25% Up to $25k | 2.00% $25k - $100k | 2.25% $100k - $250k

Third Coast Bank, SSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$100k-18 Month CD Special - New Money
4.00%$100k-Business 18 Month CD Special - New Money
3.75%$100k-12 Month CD Special - New Money
3.75%$100k-Business 12 Month CD Special - New Money
Locations

Availability



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