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American Trust & Savings Bank Review

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American Trust & Savings Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

American Trust & Savings Bank was founded in 1905 with headquarters in Dubuque, Iowa. American Trust & Savings Bank manages $1 billion in assets along with deposits totaling $942 million, ranking it as a medium-size bank. American Trust & Savings Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.1 out of 5 stars, American Trust & Savings Bank is a good bank that should be given a look. American Trust & Savings Bank offers a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and brokerage accounts. American Trust & Savings Bank 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 charge. Banks that offer free checking, in addition to a high savings APY are the best option for returning the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.20%, American Trust & Savings Bank ranks poorly in comparison to other U.S. banks. Its CDs feature a rate of 0.30% and 1.25% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.20%. Given American Trust & Savings Bank's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How American Trust & Savings Bank's Savings Rates Compare

American Trust & Savings Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, American Trust & Savings Bank charges its customers extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. American Trust & Savings Bank doesn't refund out-of-network ATM fees, meaning you'll be required to search for an American Trust & Savings Bank ATM or accept the ATM charge.

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

3.7
SmartAsset Average: 3.7

American Trust & Savings Bank is a brick-and-mortar bank, with 11 total bank locations in Iowa. It also offers access to mobile and web apps for simple access and banking on the go. American Trust & Savings Bank's online and mobile banking services receive fair scores from customers. Out of 32 ratings across Apple and Android platforms, the American Trust & Savings Bank mobile app is scored at 3.6 out of 5 (compared to the national average of 3.8). You can use American Trust & Savings Bank's app to control your funds by reviewing current statements, sending and receiving funds and accessing customer service. American Trust & Savings Bank gets a superb consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

American Trust & Savings Bank is currently a medium-size bank with assets totaling $1 billion as well as deposits totaling $942 million. American Trust & Savings Bank has a strong Texas Ratio of 5.60%, indicating a tiny opportunity of failure. Additionally, American Trust & Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.6%
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 American Trust & Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.70% APY
  • 60 Month: 1.25% APY
$2000 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

American Trust & Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. American Trust & Savings Bank does not have the best savings rate, which means you should think about looking elsewhere 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. American Trust & Savings Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a American Trust & Savings Bank Near Me

American Trust & Savings Bank has 11 physical locations in the U.S.

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