Bridgeview Bank Group started in 1973 and its headquarters are located in Bridgeview, Illinois. Bridgeview Bank Group handles $1 billion in assets as well as $990 million in deposits, classifying it as a medium-size bank. Bridgeview Bank Group 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 in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.3 out of 5 stars, Bridgeview Bank Group should be more closely inspected to see if its features fit your needs. Bridgeview Bank Group provides customers with the full package of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking product carries a $8.00 monthly fee, making it a rather expensive bank for checking. Finding an institution with no-fee checking and a high interest rate savings account is your best option for returning the most income from your deposits while maintaining convenient 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 0.05%, 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 earns at a rate of 0.10%. Given its poor savings rate, you should think about taking a look at other banks for savings accounts.
How Bridgeview Bank Group's Savings Rates Compare
On average, Bridgeview Bank Group charges customers high fees in comparison to the average U.S. bank. Bridgeview Bank Group's checking account has a monthly fee of $8.00, which makes it fair for anyone looking for a simple account. Bridgeview Bank Group unfortunately does not refund out-of-network ATM charges, meaning you will need to find a Bridgeview Bank Group ATM or accept the fee.
Bridgeview Bank Group is a brick-and-mortar bank, with 17 total branches in Illinois. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not have 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's online and mobile banking platforms receive moderately high marks from customers. The Bridgeview Bank Group mobile app rates a 4.2 out of 5 (with 49 customer reviews on iOS and Android) compared to the national average of 3.8. Bridgeview Bank Group's mobile app allows you to manage your finances by monitoring monthly statements, transferring funds as well as accessing support representatives. Bridgeview Bank Group receives a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Bridgeview Bank Group ranks as a medium-size bank and has assets totaling $1 billion and deposits totaling $990 million. Its Texas Ratio is 13.75%, signifying that the bank is in fine financial health and improbable to fail. 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
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 Bridgeview Bank Group to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$2500|
|Checking Account||0.05% APY||$2500|
|Certificates of Deposit|| ||$5000 for all terms|
|Money Market Accounts||0.1% APY 0.1% APY||$10000 $15000|
Bridgeview Bank Group has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Bridgeview Bank Group does not have the best savings rate, which means you should think about 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. Bridgeview Bank Group's CD rates are fair compared to the national average.Back to Overview
Find a Bridgeview Bank Group Near Me
Bridgeview Bank Group has 17 locations in the U.S.Back to Overview