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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

CoreFirst Bank & Trust was founded in 1959 with headquarters located in Topeka, Kansas. CoreFirst Bank & Trust owns assets of $909 million and $599 million in deposits, classifying it as a medium-size bank. CoreFirst Bank & Trust 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 access to service representatives at a physical location, in addition to its online and mobile apps. 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 provides customers with a complete selection of banking products, 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 looking for a checking account for everyday use, the bank's most basic checking account does not carry a monthly fee. Locating an institution with free checking, in addition to a high savings APY is your best bet for accruing the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
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

With a savings rate of 0.10%, CoreFirst Bank & Trust ranks poorly in comparison to the average U.S. bank. 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 a rate of 0.25%. Given CoreFirst Bank & Trust's noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

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 generally extremely low fees in comparison to the national average. CoreFirst Bank & Trust's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Additionally, at $29.00, CoreFirst Bank & Trust's overdraft fee is markedly lower than the average overdraft fee charged by U.S. banks. CoreFirst Bank & Trust doesn't reimburse out-of-network ATM fees, meaning you'll be required to find a CoreFirst Bank & Trust ATM or eat the cost of withdrawal.

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. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not provide access to all-day customer service with 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 poor reviews from customers for its mobile app. With 63 customer reviews on Apple and Android platforms, the CoreFirst Bank & Trust mobile app is scored at 3.2 out of 5 (compared to the national average of 3.8). You can use CoreFirst Bank & Trust's mobile app to control your finances by monitoring account balances, sending and receiving money as well as reaching customer service. CoreFirst Bank & Trust gets an outstanding consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 ranks as a medium-size bank with $909 million in assets as well as $599 million in deposits. Its Texas Ratio is 20.21%, indicating that CoreFirst Bank & Trust is in fine financial shape. 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 offers 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 compared to other U.S. banks.

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Find a CoreFirst Bank & Trust Near Me

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

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