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BTC Bank Review

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BTC Bank Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


BTC Bank was founded in 1919 and is headquartered in Bethany, Missouri. It owns $465 million in assets as well as $361 million in deposits, making it a medium-size bank. BTC Bank lacks premium access to support representatives, 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 offerings. Coming in at a commendable 4.4 stars out of 5, BTC Bank proves it is a great choice and should warrant serious consideration. BTC Bank offers a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. BTC Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, BTC Bank's standard checking account does not have a monthly fee. Using a bank with no-fee checking, in addition to a high savings APY is the best bet for getting the highest income from your deposits alongside convenient access to your money.

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 features a savings rate of 0.35%, which is fair in comparison to the average U.S. bank. Its CDs feature a rate of 1.00% and 2.15% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.25%. Given BTC Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How BTC Bank's Savings Rates Compare

BTC Bank Savings 0.35 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

BTC Bank typically has extremely low fees in comparison to the average U.S. bank. BTC Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. BTC Bank unfortunately does not refund out-of-network ATM fees, which means you'll have to locate a BTC Bank ATM or eat the 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 easy access and banking on the go. BTC Bank receives relatively high marks from customers for its mobile banking services. Out of 4 customer reviews across both iOS and Android platforms, the BTC Bank mobile app has an overall rating of 4.0 out of 5 (compared to the national average of 3.8). You can access BTC Bank's mobile app to manage your funds by checking monthly statements, sending and receiving money as well as reaching support representatives. BTC Bank receives a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 assets totaling $465 million as well as $361 million in deposits. Its Texas Ratio is 4.42%, signifying that the bank is in outstanding financial condition 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 0.35% APY $100
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.50% APY
  • 36 Month: 1.75% APY
  • 48 Month: 2.00% APY
  • 60 Month: 2.15% APY
$500 for all terms
Money Market Account 0.25% APY $2500

BTC Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. BTC Bank 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. BTC Bank's CD rates are fair in comparison to other U.S. banks.

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Find a BTC Bank Near Me

BTC Bank has nine locations across the U.S.

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