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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.
We provide a variety of savings and investment strategies designed to help you achieve financial security in retirement.
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.
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.
The APY (Annual Percentage Yield), assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.
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.
All of our products and services come with the latest features and benefits.
Our free Mobile Banking service makes it easy to track your spending, pay bills, send money, deposit checks, and more.Learn More
Our user-friendly interface allows you to see bill payment activity, view balances, monitor transactions, and more.Learn More
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!Learn More
Bank of South Texas customers can access thousands of surcharge-free ATMs worldwide thanks to our partnership with Allpoint.Learn More
The CardValet app gives you real-time alerts about your card usage with the ability to control your cards with your mobile device.Learn More
We offer a variety of overdraft protection options that can help protect you and give you financial peace of mind.Learn More