State Bank & Trust Co Money Market Account

State Bank & Trust Co Money Market Account Review

State Bank & Trust Co Money Market Account is offered by State Bank & Trust Co, a bank founded in 1995 and based in Atlanta, GA. State Bank & Trust Co Money Market Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.5%, which is much higher than the national average for a money market account.
• No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.
• Small minimum initial deposit. You only need $50 to open an account.

Pros & Cons of State Bank & Trust Co Money Market Account

Pros	Cons
Available in all 50 states. High-interest yield. Deposit checks remotely.	No signup bonus. Does not provide a debit card. Monthly service charge.

State Bank & Trust Co Money Market Account FAQ

Are money market accounts from State Bank & Trust Co federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for State Bank and Trust money market rates?

State Bank and Trust money market offers an APY starting at 0.5% and ranging up to 1.5% (APY stands for annual percentage yield, rates may change).

State Bank and Trust money market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.5% - 1.5%

What are the fees for State Bank & Trust Co Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $5,000.

State Bank & Trust Co will charge you a $8 fee if you exceed your maximum number of monthly transactions.

State Bank & Trust Co Money Market Account Fees

Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A
Excess Transaction Fee	$8

What is the minimum balance for State Bank and Trust money market?

Minimum deposit of $50. You must make an initial deposit of at least $50 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.

What features and perks does State Bank and Trust money market offer?

This account includes the following features:

• Fraud monitoring - State Bank & Trust Co monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - State Bank and Trust money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this business card is (800) 414-4177.

What is the support contact email?

The support contact email for this business credit card is customer.service@cadencebank.com.

How to open an account with State Bank & Trust Co

• Visit the State Bank & Trust Co website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.