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Services That are Right for You

We can help you gain the confidence you need to make important financial decisions for you, your family or your business.

Retirement Account

We provide a variety of savings and investment strategies designed to help you achieve financial security in retirement.

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Retirement Account Features and Benefits

A Bank of South Texas representative can provide guidance to help you determine the right investments for your future. Take control of your retirement, no matter what your financial situation is now. Bank of South Texas offers a wide range of products and solutions that will allow you to invest your savings in a secure manner.

Frequently Asked Questions

Learn more about the convenient services at Bank of South Texas.

  • Minimum balance requirement

    You must make a minimum deposit of $100.00 to open this account.

  • Effect of Closing an IRA

    If you close your account before interest is credited, you will receive the accrued interest. Other penalties will apply from the Internal Revenue Service.

  • Transaction Limitations

    You may make additional contributions to this account during a term as long as you do not exceed your maximum yearly contribution.

  • Early Withdrawal Penalty

    If we consent to a request for withdrawal that is otherwise not permitted you may have to pay a penalty. The penalty will be an amount equal to: Up to 1 yr. IRA - 90 days interest penalty. Over 1 yr. 183 days interest penalty.

  • Rate information

    The APY (Annual Percentage Yield), assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

  • Renewal Policy

    All IRAs will Automatically Renew. You will have 10 days after the maturity date to withdraw funds without a penalty.

  • Balance Computation Method

    We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

  • Compounding and Crediting

    Interest will be compounded quarterly. Interest will be credited quarterly.

Features

All of our products and services come with the latest features and benefits.

Mobile Banking

Mobile Banking

Our free Mobile Banking service makes it easy to track your spending, pay bills, send money, deposit checks, and more.

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Online Banking

Online Banking

Our user-friendly interface allows you to see bill payment activity, view balances, monitor transactions, and more.

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Instant Debit Card

Instant Debit Card

No more waiting! Walk in to any branch to open an account and walk out with your new debit card in hand - instantly!

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ATM Services

ATM Services

Bank of South Texas customers can access thousands of surcharge-free ATMs worldwide thanks to our partnership with Allpoint.

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CardValet

CardValet

The CardValet app gives you real-time alerts about your card usage with the ability to control your cards with your mobile device.

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Overdraft Program

Overdraft Program

We offer a variety of overdraft protection options that can help protect you and give you financial peace of mind.

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