Founded in 2004, Beverly Bank & Trust Company has assets totaling $1 billion along with $1 billion in deposits, ranking it as a medium-size bank. Beverly Bank & Trust Company, whose headquarters are in Chicago, Illinois, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave Beverly Bank & Trust Company a 4.3 out of 5 stars, suggesting it is a great choice and should warrant serious consideration. Beverly Bank & Trust Company offers a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Beverly Bank & Trust Company has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Beverly Bank & Trust Company offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best bet for getting the most income from your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Beverly Bank & Trust Company features a savings rate of 0.15%, which is fair compared to the average U.S. bank. Beverly Bank & Trust Company's one-year and five-year term lengths CDs earn at a rate of 0.30% and 0.90%, respectively, while its highest-yielding money market account has an APY of 0.20%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.
How Beverly Bank & Trust Company's Savings Rates Compare
Beverly Bank & Trust Company has typically extremely low fees in comparison to the national average. With no monthly fee, Beverly Bank & Trust Company's checking account is ideal for those who need an easy banking experience. Beverly Bank & Trust Company doesn't refund out-of-network ATM charges, meaning you'll be required to search for a Beverly Bank & Trust Company ATM or eat the ATM charge.
Beverly Bank & Trust Company is a brick-and-mortar bank, with seven total bank locations in Illinois. With mobile and web apps, Beverly Bank & Trust Company makes mobile banking convenient, even on the go. Beverly Bank & Trust Company receives relatively high praise from users for its mobile banking services. With 29 ratings on both iOS and Android platforms, the Beverly Bank & Trust Company mobile app is scored at 4.0 out of 5 (compared to the national average of 3.8). You can access Beverly Bank & Trust Company's app to manage your finances by reviewing account balances, sending and receiving funds as well as reaching support representatives. Beverly Bank & Trust Company gets an exceptional consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Beverly Bank & Trust Company ranks as a medium-size bank and owns assets totaling $1 billion and deposits totaling $1 billion. Beverly Bank & Trust Company has an excellent Texas Ratio of 1.07%, indicating a negligible likelihood of failure. Additionally, Beverly Bank & 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
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 Beverly Bank & Trust Company to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.15% APY||$1|
|Checking Account||0.05% APY||$100|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.2% APY||$10000|
Beverly Bank & Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Beverly Bank & Trust Company 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. Beverly Bank & Trust Company's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Beverly Bank & Trust Company Near Me
Beverly Bank & Trust Company has seven locations in the U.S.Back to Overview