Last Updated: 04/18/2025
State Bank and Trust Company Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.5%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
$100
State Bank and Trust Company Savings Account Review
State Bank and Trust Company Savings Account is offered by State Bank & Trust Co, a bank founded in 1995 and based in Atlanta, GA. State Bank and Trust Company savings account are available in 1 state.
Key Takeaways
- Higher than average APY. State Bank and Trust Company Savings Account has an annual percentage yield of up to 0.5%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $100 to earn that interest rate.
- $0 monthly account fees available. This account charges a monthly fee of up to $0.67.
- No ATM fees. State Bank and Trust Company Savings Account does not charge fees on ATM transactions .
State Bank and Trust Company savings account Pros & Cons
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State Bank and Trust Company savings account FAQ
Are savings accounts from State Bank & Trust Co federally insured?
Yes, your deposits are insured 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.
Does State Bank & Trust Co offer a signup bonus?
State Bank and Trust Company savings account doesn't offer a signup bonus.
What is the minimum initial deposit for State Bank and Trust Company savings account?
The minimum deposit to open a State Bank and Trust Company savings account is $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does State Bank and Trust Company Savings Account offer?
State Bank and Trust Company savings account offers an APY of 0.5% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does State Bank and Trust Company savings account charge?
State Bank and Trust Company savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does State Bank and Trust Company savings account offer?
This savings account includes the following features:
- Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
- Fraud monitoring - State Bank and Trust Company savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - State Bank and Trust Company savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to State Bank and Trust Company savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for State Bank and Trust Company savings account?
The customer support email for State Bank and Trust Company savings account is customer.service@cadencebank.com.
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