Blackhawk Bank & Trust first started operating in 1961 and is headquartered in Milan, Illinois. Blackhawk Bank & Trust handles $1 billion in assets as well as $945 million in deposits, ranking it as a medium-size bank. Blackhawk Bank & Trust lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked the bank at a 4.4 stars out of 5, which means Blackhawk Bank & Trust is a solid contender in your bank search. Blackhawk Bank & Trust provides customers with a mixture of banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Blackhawk Bank & Trust has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's most basic checking does not carry a monthly maintenance fee. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best bet for accruing the most income from your deposits while having easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.15%, Blackhawk Bank & Trust ranks poorly compared to the national average. Its one-year CD earns at a rate of 1.59% and the five-year CD has a rate of 2.75%, while its highest-yielding money market account earns at a rate of 0.20%. Given Blackhawk Bank & Trust's poor savings rate, you should consider opting for higher earning savings accounts with other banks.
How Blackhawk Bank & Trust's Savings Rates Compare
Blackhawk Bank & Trust typically has low fees in comparison to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. For those who often frequent the ATM, it is solid because it has an out-of-network ATM fee of $1.00, which is solid in comparison to the national average. Blackhawk Bank & Trust unfortunately does not refund out-of-network ATM fees, which means you will have to search for a Blackhawk Bank & Trust ATM or accept the ATM charge.
Blackhawk Bank & Trust is a brick-and-mortar bank, with 17 total branches in Illinois and Iowa. It also offers access to mobile and web apps for an easy mobile-banking experience. Blackhawk Bank & Trust gets high praise from customers for its mobile app. The Blackhawk Bank & Trust mobile app has an overall rating of 4.7 out of 5 (out of 26 customer reviews on iOS and Android) compared to the national average of 3.8. You can access Blackhawk Bank & Trust's mobile app to control your funds by checking current statements, transferring money and accessing customer service. Blackhawk Bank & Trust receives an outstanding consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Blackhawk Bank & Trust is a medium-size bank with $1 billion in assets as well as deposits totaling $945 million. Its Texas Ratio is 3.37%, suggesting a minute probability of failure. Additionally, Blackhawk Bank & Trust 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 Blackhawk Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.15% APY||$100|
|Checking Account||0.1% APY||$500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Account||0.15% APY||$10000|
Blackhawk Bank & Trust has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Blackhawk Bank & Trust does not have the best savings rate, which means you should consider 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. Blackhawk Bank & Trust's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a Blackhawk Bank & Trust Near Me
Blackhawk Bank & Trust has 17 locations in the U.S.Back to Overview