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Bankers Trust Company Review

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Bankers Trust Company Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1917, Bankers Trust Company has assets totaling $4 billion and deposits totaling $3 billion, ranking the institution as a large bank. Bankers Trust Company, whose headquarters are in Des Moines, Iowa, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.3 stars out of 5, Bankers Trust Company should be solidly in contention for your choice of bank. Bankers Trust Company offers multiple banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's standard checking does not have a monthly maintenance fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are the best bet for accruing the highest income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.10%, Bankers Trust Company ranks poorly compared to the average U.S. bank. Bankers Trust Company's one-year and five-year term lengths CDs earn at a rate of 1.45% and 2.10%, respectively, while its highest-yielding money market account earns at an APY of 0.35%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Bankers Trust Company's Savings Rates Compare

Bankers Trust Company Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Bankers Trust Company typically has extremely low fees in comparison to other U.S. banks. With no monthly fee, Bankers Trust Company is perfect for those who want a basic banking experience. Bankers Trust Company unfortunately doesn't refund out-of-network ATM fees, meaning you will have to locate a Bankers Trust Company ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Bankers Trust Company is a brick-and-mortar bank, with 25 total bank locations in Arizona and Iowa. With mobile and web apps, Bankers Trust Company makes mobile banking easy, even on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 7:30 a.m. to 8:00 p.m. CT; Saturday, and 8:00 a.m. to 12:00 p.m. CT. Bankers Trust Company's online and mobile banking services get poor feedback from users. Out of 100 ratings across both Apple and Android platforms, the Bankers Trust Company mobile app rates a 3.3 out of 5 (compared to the national average of 3.8). Bankers Trust Company's mobile app allows you to manage your bank accounts by looking at current statements, sending and receiving money as well as accessing support representatives. Bankers Trust Company receives an outstanding consumer satisfaction score based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Bankers Trust Company is a large bank and handles assets totaling $4 billion as well as $3 billion in deposits. Bankers Trust Company's Texas Ratio is 3.03%, indicating a low probability of failure. Additionally, Bankers Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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.

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Compare Bankers Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.17% APY $2500
Certificates of Deposit
  • 12 Month: 1.45% APY
  • 24 Month: 1.55% APY
  • 36 Month: 1.80% APY
  • 48 Month: 1.95% APY
  • 60 Month: 2.10% APY
$1000 for all terms
Money Market Account 0.35% APY $10000

Bankers Trust Company has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. Bankers Trust Company does not have the best savings rate, which means you should think about 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. Bankers Trust Company's CD rates are fair in comparison to other U.S. banks.

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Find a Bankers Trust Company Near Me

Bankers Trust Company has 25 branches across the U.S.

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