S&T Bank Review

Overview

Established in 1902, S&T Bank has $9.24 billion in assets and $7.16 billion in deposits, making the institution a large bank. S&T Bank, whose headquarters are in Indiana, Pennsylvania, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With an average 3.7 stars out of 5, S&T Bank proves it is a decent choice, but with better options out there. S&T Bank offers a complete selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking product maintains a $10.00 monthly fee, making it a rather expensive bank for checking. Banks that offer no-fee checking, in addition to a high savings APY are your best bet for getting the highest income from your deposits while having convenient access to your money.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

S&T Bank features a savings rate of 0.01%, which is fair in comparison to the national average. S&T Bank's one-year CD has a rate of 4.25% and the four-year CD has a rate of 3.00%, while its highest-yielding money market account earns at a rate of 2.00%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.

How S&T Bank's Savings Rates Compare

There is insufficient data on S&T Bank's fees to provide a full SmartAsset rating.

S&T Bank is a brick-and-mortar bank, with 72 total bank locations in , , , , , , , , , , and . With mobile and web apps, S&T Bank makes mobile banking convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday – Friday, 7am – 9pm, Saturday, 8am – 5pm, Sunday, and 10am – 5pm. S&T Bank also offers a live chat feature, an alternative customer service tool if you can't call in during business hours. S&T Bank receives inferior marks from users for its online presence. With 300 customer reviews across Apple and Android platforms, the S&T Bank mobile app is scored at 3.1 out of 5 (compared to the national average of 3.8). You can use S&T Bank's app to manage your finances by looking at account balances, transferring money as well as reaching customer service. S&T Bank receives an excellent consumer satisfaction rating due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

S&T Bank ranks as a large bank owning assets totaling $9.24 billion and $7.16 billion in deposits. S&T Bank's Texas Ratio is 1.26%, suggesting that S&T Bank is in terrific financial shape and far from failure. Additionally, S&T Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

S&T Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. S&T Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. S&T Bank's CD rates are fair in comparison to the average U.S. bank.

Find a S&T Bank Near Me

S&T Bank has 72 branches across the U.S.