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Bridgeview Bank Group Review

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Bridgeview Bank Group Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Bridgeview Bank Group was founded in 1973 with headquarters located in Bridgeview, Illinois. Bridgeview Bank Group handles $1 billion in assets along with $990 million in deposits, ranking it as a medium-size bank. Bridgeview Bank Group 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 access to service representatives at a physical location, in addition to its online and mobile apps. On the whole, Bridgeview Bank Group is a fair bank that does not stack up to some of the larger banks, with a score of 3.3 out of 5 stars from our team. Bridgeview Bank Group offers a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account has a monthly fee of $8.00, which ranks on the higher end of monthly fees. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same bank is the best bet for accruing the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.3/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.05%, Bridgeview Bank Group ranks poorly compared to the average U.S. bank. Its one-year CD has a rate of 0.25%, while its highest-yielding money market account has a rate of 0.10%. Given Bridgeview Bank Group's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Bridgeview Bank Group's Savings Rates Compare

Bridgeview Bank Group Savings 0.05 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

Bridgeview Bank Group generally has high fees compared to the national average. At $8.00 per month, Bridgeview Bank Group is less than the best product for those who want a basic checking account. Bridgeview Bank Group doesn't refund out-of-network ATM fees, which means you'll need to search for a Bridgeview Bank Group ATM or accept the withdrawal fee.

Monthly Fee $8.00 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

4.1
SmartAsset Average: 3.7

Bridgeview Bank Group is a brick-and-mortar bank, with 17 total bank locations in Illinois. With mobile and web apps, Bridgeview Bank Group makes mobile banking easy, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 5:00 p.m. CT; Saturday, and 8:00 a.m. to 1:00 p.m. CT. Bridgeview Bank Group receives moderately high marks from customers for its mobile banking services. Out of 49 customer reviews across iOS and Android platforms, the Bridgeview Bank Group mobile app has an overall rating of 4.2 out of 5 (compared to the national average of 3.8). Bridgeview Bank Group's mobile app allows you to manage your bank accounts by monitoring monthly statements, sending and receiving funds as well as accessing support representatives. Bridgeview Bank Group gets a superb consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

Bridgeview Bank Group is currently a medium-size bank owning $1 billion in assets as well as deposits totaling $990 million. Its Texas Ratio is 13.75%, denoting a small possibility of failure. Additionally, Bridgeview Bank Group is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

13.75%
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 Bridgeview Bank Group to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $2500
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.45% APY
  • 48 Month: 0.55% APY
$5000 for all terms
Money Market Account 0.1% APY $25000

Bridgeview Bank Group offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Bridgeview Bank Group does not have the best savings rate, which means you should consider 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. Bridgeview Bank Group's CD rates are fair compared to the national average.

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Find a Bridgeview Bank Group Near Me

Bridgeview Bank Group has 17 locations in the U.S.

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