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BTC Bank Review

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BTC Bank Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1919, BTC Bank has assets totaling $465 million along with deposits totaling $361 million, which makes it a medium-size bank. BTC Bank, whose headquarters are in Bethany, Missouri, 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. Overall, BTC Bank is a great bank that you should seriously consider, with a rating of 4.4 stars out of 5 from our team. BTC Bank provides customers with the complete selection of product offerings, including savings accounts, checking accounts, money market 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 interested in stress-free personal checking, BTC Bank's standard checking account does not carry a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best bet for gaining the most income on your deposits alongside easy access to your funds.

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

BTC Bank has a savings rate of 0.50%, which is poor compared to the national average. Its one-year CD has a rate of 1.75% and the five-year CD earns at a rate of 2.50%, while its highest-yielding money market account earns at an APY of 0.75%. Given its poor savings rate, you should consider looking at the competition to open savings accounts.

How BTC Bank's Savings Rates Compare

BTC Bank Savings 0.50 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, BTC Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, BTC Bank's checking account is perfect for those who want a hassle-free banking experience. BTC Bank does not reimburse out-of-network ATM fees, which means you will be required to search for a BTC Bank ATM or accept the withdrawal 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

BTC Bank is a brick-and-mortar bank, with nine total branches in Iowa and Missouri. It also offers access to mobile and web apps for a simple mobile-banking experience. BTC Bank's online and mobile banking platforms receive reasonably high ratings from users. The BTC Bank mobile app has an overall rating of 4.0 out of 5 (with 4 customer reviews on Apple and Android) compared to the national average of 3.8. You can utilize BTC Bank's app to manage your accounts by monitoring account balances, sending and receiving funds and accessing customer service. BTC Bank receives an excellent consumer satisfaction rating due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

BTC Bank is a medium-size bank with $465 million in assets and $361 million in deposits. It has an excellent Texas Ratio of 4.42%, signifying that BTC Bank is in terrific financial health and far from failure. Additionally, BTC Bank 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 BTC Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $100
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.10% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.50% APY
$500 for all terms
Money Market Account 0.75% APY $2500

BTC Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. BTC Bank 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. BTC Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a BTC Bank Near Me

BTC Bank has nine physical branches across the U.S.

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