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CoreFirst Bank & Trust Review

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CoreFirst Bank & Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1959, CoreFirst Bank & Trust has assets totaling $909 million along with deposits totaling $599 million, ranking it as a medium-size bank. CoreFirst Bank & Trust, whose headquarters are in Topeka, Kansas, 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 in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 3.9 stars out of 5, CoreFirst Bank & Trust should be near the middle of the pack in your search for a bank. CoreFirst Bank & Trust has the complete package of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, CoreFirst Bank & Trust offers an option without a maintenance or monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best option for getting the most income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

3.2
SmartAsset Average: 3.5

CoreFirst Bank & Trust has a savings rate of 0.10%, which is poor compared to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.80% and 2.02%, respectively, while its highest-yielding money market account has an APY of 0.25%. Given CoreFirst Bank & Trust's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How CoreFirst Bank & Trust's Savings Rates Compare

CoreFirst Bank & Trust Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

CoreFirst Bank & Trust has typically extremely low fees in comparison to the national average. With no monthly fee, CoreFirst Bank & Trust's checking account is ideal for people who need an easy checking account. Also, it has an overdraft fee of $29.00, which is markedly lower than the average U.S. overdraft fee. CoreFirst Bank & Trust unfortunately doesn't refund out-of-network ATM charges, meaning you'll need to search for a CoreFirst Bank & Trust ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $29.00 National Average: $35.00
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Service Quality

3.5
SmartAsset Average: 3.7

CoreFirst Bank & Trust is a brick-and-mortar bank, with 15 total bank locations in Colorado and Kansas. With mobile and web apps, CoreFirst Bank & Trust makes mobile banking convenient, even 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 6:00 p.m. CT; Saturday, and 9:00 a.m. to 12:00 p.m. CT. CoreFirst Bank & Trust receives unsatisfactory marks from users for its online presence. The CoreFirst Bank & Trust mobile app scored a 3.2 out of 5 (out of 63 customer reviews on Apple and Android) compared to the national average of 3.8. You can access CoreFirst Bank & Trust's mobile app to manage your accounts by monitoring current statements, transferring money and reaching support representatives. CoreFirst Bank & Trust gets a superb consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.0
SmartAsset Average: 4.8

CoreFirst Bank & Trust is a medium-size bank and has assets totaling $909 million and deposits totaling $599 million. It has a good Texas Ratio of 20.21%, signifying that the bank is in decent financial health. Additionally, CoreFirst 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

20.21%
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 CoreFirst Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $5000
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 2.65% APY
  • 36 Month: 1.31% APY
  • 48 Month: 1.61% APY
  • 60 Month: 2.02% APY
$1000 for all terms
Money Market Account 0.15% APY $10000

CoreFirst Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. CoreFirst Bank & Trust 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. CoreFirst Bank & Trust's CD rates are fair in comparison to the national average.

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Find a CoreFirst Bank & Trust Near Me

CoreFirst Bank & Trust has 15 branches in the U.S.

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