Loading
Tap on the profile icon to edit
your financial details.

Bank of Blue Valley Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Bank of Blue Valley Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1989, Bank of Blue Valley has $684 million in assets and $571 million in deposits, making the institution a medium-size bank. Bank of Blue Valley, whose headquarters are in Overland Park, Kansas, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated Bank of Blue Valley 4.2 stars out of 5, indicating that it is a solid pick to be your bank. Bank of Blue Valley offers a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's most basic checking account does not carry a monthly charge. Locating an institution with free checking as well as a high interest rate savings account is the best bet for returning the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

With a savings rate of 0.25%, Bank of Blue Valley ranks poorly as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.83% and 2.22%, respectively, while its highest-yielding money market account has a rate of 0.35%. Given Bank of Blue Valley's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Bank of Blue Valley's Savings Rates Compare

Bank of Blue Valley Savings 0.25 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, Bank of Blue Valley charges customers extremely low fees in comparison to the national average. Bank of Blue Valley's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Bank of Blue Valley doesn't refund out-of-network ATM fees, meaning you'll be required to search for a Bank of Blue Valley ATM or pay the withdrawal 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
Back to Overview

Service Quality

3.5
SmartAsset Average: 3.7

Bank of Blue Valley is a brick-and-mortar bank, with five total bank locations in Kansas. With mobile and web apps, Bank of Blue Valley makes account access straightforward, even on the go. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:00 a.m. to 6:00 p.m. CT; Saturday, and 8:00 a.m. to 1:00 p.m. CT. Bank of Blue Valley's online and mobile banking platforms receive mediocre feedback from users. The Bank of Blue Valley mobile app scored a 3.2 out of 5 (out of 20 customer reviews on iOS and Android) compared to the national average of 3.8. Bank of Blue Valley's mobile app allows you to manage your finances by looking at monthly statements, sending and receiving funds and accessing support representatives. Bank of Blue Valley gets a superb consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.5
SmartAsset Average: 4.8

Bank of Blue Valley is a medium-size bank and manages $684 million in assets and $571 million in deposits. Bank of Blue Valley has a strong Texas Ratio of 11.82%, indicating a tiny likelihood of failure. Additionally, Bank of Blue Valley is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

11.82%
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.

Back to Overview

Compare Bank of Blue Valley to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.83% APY
  • 24 Month: 1.42% APY
  • 36 Month: 1.61% APY
  • 48 Month: 1.82% APY
  • 60 Month: 2.22% APY
$500 for all terms
Money Market Accounts 0.25% APY 0.35% APY $10000 $15000

Bank of Blue Valley has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Bank of Blue Valley does not have the best savings rate, which means you should think about taking a look 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. Bank of Blue Valley's CD rates are fair compared to the national average.

Back to Overview

Find a Bank of Blue Valley Near Me

Bank of Blue Valley has five physical branches across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure