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Select Bank

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Select Bank Rates & Review October 2026

Q: How many branches does Select Bank operate?

Select Bank currently maintains approximately 6 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Select Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Select Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 14, 2026

Select Bank rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month CD rates are currently at 3.00%, 6-month CD rates at 2.86% and 3-month CD rates at 2.70%. Savings rates are at 0.88% and money market rates are at 1.19%. Mortgage rates on 30-year fixed loans are around 7.35%. These rates come from our rate database, not Select Bank, and you can see how they compare in the Select Bank rate tables below. MonitorBankRates evaluates the financial stability of Select Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 11.24%. Database rates last updated and verified on 10/14/2026.

Select Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Select Bank? Share your experience about Select Bank by leaving a review below, or read customer reviews before you decide to use Select Bank.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

11.24%

Excellent Higher than avg

Health Trend

Steady 12 quarters

Full history ›

Select Bank

211 Gristmill Dr
Forest, VA 24551

https://www.myselectbank.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Select Bank Other Rates

Product	Rate	Points	APY/APR
Free Kasasa Cash Checking	2.47%	-	2.50%
Min Deposit $25 Details Minimum: $25 minimum deposit to open; Qualifications Required: At least 12 debit card purchases; Be enrolled in and agree to receive eStatements; Be enrolled in and log into online banking; 2.50% APY* on balances up to $50,000; 2.50% to 1.00% APY on balances over $50,000 depending on balance in account; 0.05% APY if qualifications aren't met. Unlimited refunds on ATM withdrawal fees, nationwide*. Link to free Kasasa Saver to build savings automatically. No minimum balance to earn rewards. Free checking that pays high interest. At least 12 debit card purchases; Be enrolled in and log into online banking. Last Updated 10/11/2026 Rate History No change since Oct 7, 2026 · 2.50% APY · checked 2 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 11.24%
Free Kasasa Cash Checking	0.05%	-	0.05%
Min Deposit $25 Details Minimum: $25 minimum deposit to open; 0.05% APY* if qualifications aren't met. Unlimited refunds on ATM withdrawal fees, nationwide*. Link to free Kasasa Saver to build savings automatically. No minimum balance to earn rewards. Free checking that pays high interest. Last Updated 10/11/2026 Rate History No change since Oct 7, 2026 · 0.05% APY · checked 2 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 11.24%
Kasasa Cash Checking	0.05%	-	0.05%
Min Deposit $25 Details When your Kasasa Cash qualifications are not met, the interest rate earned on the account's entire average daily balance will be 0.05% resulting in an annual percentage yield of 0.05%, and ATM withdrawal fees are not refunded. Monthly enrollment in online banking is a condition of this account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications. Last Updated 10/11/2026 Rate History 1 change since Sep 29, 2026 · 2.50% → 0.05% ▼ 2.45 pts · high 2.50% / low 0.05% Oct 4, 20260.05%▼ from 2.50% Sep 29, 20262.50%first recorded Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 11.24%
KASASA CASH Checking	-	-	2.50%
Min Deposit $25 Details Qualifications Required: 2.50% APY on balances up to $50,000; 0.25% to 1.00% APY on balances over $50,000 depending on balance in account; 0.05% APY if qualifications aren't met; 2.50% APY* on balances up to $50,000; 0.25% to 1.00% APY on balances over $50,000 depending on balance in account; 0.05% APY if qualifications aren't met Last Updated 10/11/2026 Rate History No change since Sep 29, 2026 · 2.50% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 11.24%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Select Bank’s Texas Ratio rose from 6.63% in Q3 2023 to 11.24% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 4.8 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$524M	11.24%	5.0	A
March 31, 2026	$500M	5.74%	5.0	A+
December 31, 2025	$513M	10.95%	5.0	A
September 30, 2025	$507M	9.80%	5.0	A
June 30, 2025	$501M	10.72%	5.0	A
March 31, 2025	$494M	11.23%	5.0	A
December 31, 2024	$483M	4.99%	5.0	A+
September 30, 2024	$472M	5.33%	5.0	A+
June 30, 2024	$465M	4.61%	5.0	A+
March 31, 2024	$461M	5.39%	5.0	A+
December 31, 2023	$470M	6.59%	5.0	A
September 30, 2023	$455M	6.63%	4.8	A

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Select Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Select Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Select Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Select Bank

Bank Holding Company SELECT BANK FINANCIAL CORP

Address 211 Gristmill Dr, Forest, VA 24551 · Bedford

Website https://www.myselectbank.com

FDIC Certificate # 58563

Established 20070604

FDIC Insurance Date 20070604

Domestic Offices 6

Total Branches 6

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 94/100

5.0

Exceptional Out of 5.0 Stars

11.24%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.2217%

Return on Equity (ROE) 15.0100%

Non-Performing Loans (NPL) 0.93%

Total Assets $524,446,000

Total Deposits $448,410,000

Equity Capital $43,496,000

Net Income $3,131,000

Headquarters Forest

Total Branches and Offices 6

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Select Bank earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

<a href="https://monitorbankrates.com/banks/select-bank-rates-review-58563">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

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Frequently Asked Questions About Select Bank

How many branches does Select Bank operate?

Select Bank currently maintains approximately 6 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Select Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Select Bank provides members with tools to manage their accounts and build a solid financial history.

Does Select Bank offer online and mobile banking?

Most modern institutions like Select Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.myselectbank.com.