CoreFirst Bank & Trust Review

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.

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

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 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.

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.

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

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.

Products Offered

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.

Find a CoreFirst Bank & Trust Near Me

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