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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


Bankers Trust Company started in 1917 with its headquarters in Des Moines, Iowa. It manages assets of $4 billion as well as deposits totaling $3 billion, classifying it as a large bank. Bankers Trust Company lacks premium access to support representatives, 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. Coming in at a commendable 4.3 out of 5 stars, Bankers Trust Company proves it is a great choice and should warrant serious consideration. Bankers Trust Company offers an array banking products, including savings accounts, checking 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 have a monthly charge. Institutions that offer no-fee checking as well as a high interest rate savings account are the best bet for getting the most income from your deposits alongside convenient 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 other U.S. banks. 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 has an APY of 0.30%. Given Bankers Trust Company's poor 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 generally has extremely low fees as compared against the national average. With no monthly fee, Bankers Trust Company is ideal for those who want a basic banking experience. Bankers Trust Company unfortunately doesn't refund out-of-network ATM charges, which means you'll have to find a Bankers Trust Company ATM or accept 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. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not offer all-day customer service with actual service 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 platforms get mediocre marks from customers. Out of 100 ratings across both iOS and Android platforms, the Bankers Trust Company mobile app is scored at 3.3 out of 5 (compared to the national average of 3.8). Bankers Trust Company's mobile app allows you to control your funds by monitoring monthly statements, transferring funds and reaching customer service. Bankers Trust Company gets an excellent consumer satisfaction rating based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 ranks as a large bank owning $4 billion in assets as well as deposits totaling $3 billion. Bankers Trust Company's Texas Ratio is 3.03%, denoting that Bankers Trust Company is in excellent financial well-being and unlikely to fail. 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 0.12% 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 0.3% APY $10000

Bankers Trust Company has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Bankers Trust Company does not have the best savings rate, which means you should consider 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. Bankers Trust Company's CD rates are fair compared to the national average.

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Find a Bankers Trust Company Near Me

Bankers Trust Company has 25 physical locations in the U.S.

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