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  State Bank and Trust Company Savings Account
State Bank and Trust Company Savings Account
in Savings Accounts from State Bank & Trust Co · Member FDIC
Unaffiliated

State Bank and Trust Company Savings Account

Unaffiliated
in Savings Accounts from State Bank & Trust Co · Member FDIC
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Highlights
Monthly Fee $0 - $0.67
APY (Annual Percentage Yield) 0.5%
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 is available in 1 state across the USA.

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 national average interest rate on savings accounts. Note that you must keep a minimum balance of $100.
  • $0 monthly Service Charge available. This account charges a monthly service fee of up to $0.67.
  • No ATM fees. State Bank and Trust Company Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through State Bank & Trust Co.

State Bank and Trust Company savings account Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not come with a debit card
  • Only available in one state.
  • Monthly service charge.

State Bank and Trust Company savings account FAQ

Are savings accounts from State Bank & Trust Co federally insured?

Yes, this account is 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.

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.
State Bank and Trust Company Savings Account Minimums
Description
Minimum Balance to Earn APY $100
Minimum Opening Deposit Starting at $25

What APY does State Bank & Trust Co 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?

In most cases, the answer is yes. 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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Other Services by State Bank & Trust Co

Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

Minimum Balance to Earn APY $100
Minimum Opening Deposit Starting at $25
Monthly Fee $0 - $0.67
Immigration Status Considered
  • U.S. Citizen
Verification Documents Required
  • Driver License (or other photo ID)
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.5%

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