Founded in 1943, Elkhorn Valley Bank & Trust has assets totaling $774 million along with deposits totaling $672 million, ranking the institution as a medium-size bank. Elkhorn Valley Bank & Trust, whose headquarters are in Norfolk, Nebraska, lacks premium access to support representatives, 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 offerings. Overall, Elkhorn Valley Bank & Trust is a superb bank that you should seriously consider, with a rating of 4.6 stars out of 5 from our experts. Elkhorn Valley Bank & Trust provides customers with the complete slate of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Using an institution with free checking and a high interest rate savings account is your best bet for accruing the most income on your deposits while having easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Elkhorn Valley Bank & Trust has a savings rate of 0.80%, which is poor compared to the national average. Its one-year CD earns at a rate of 1.80% and the five-year CD earns at a rate of 2.60%, while its highest-yielding money market account has an APY of 1.10%. Given Elkhorn Valley Bank & Trust's poor savings rate, you should think about opting for higher earning savings accounts with other banks.
How Elkhorn Valley Bank & Trust's Savings Rates Compare
Elkhorn Valley Bank & Trust has typically low fees compared to the national average. For those who use cash often, it is solid because it charges an out-of-network ATM fee of $1.00, which is solid compared to other U.S. banks. Also, Elkhorn Valley Bank & Trust has an overdraft fee of $20.00, which is noticeably lower than the national average. Elkhorn Valley Bank & Trust does not refund out-of-network ATM fees, which means you will be required to search for an Elkhorn Valley Bank & Trust ATM or pay the cost of withdrawal.
Elkhorn Valley Bank & Trust is a brick-and-mortar bank, with 10 total branches in Nebraska. With mobile and web apps, Elkhorn Valley Bank & Trust makes mobile banking convenient, even on the go. Elkhorn Valley Bank & Trust receives moderate marks from customers for its online presence. Out of 3 ratings on Apple and Android platforms, the Elkhorn Valley Bank & Trust mobile app is scored at 3.7 out of 5 (compared to the national average of 3.8). Elkhorn Valley Bank & Trust's mobile app lets you control your funds by looking at monthly statements, transferring money and accessing support representatives. Elkhorn Valley Bank & Trust gets an outstanding consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Elkhorn Valley Bank & Trust ranks as a medium-size bank and owns $774 million in assets as well as deposits totaling $672 million. Elkhorn Valley Bank & Trust has an excellent Texas Ratio of 1.52%, denoting a low chance of failure. Additionally, Elkhorn Valley 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.Back to Overview
Compare Elkhorn Valley Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.8% APY||$1|
|Checking Account||0.25% APY||$1|
|Certificates of Deposit|| ||$1 for all terms|
|Money Market Account||0.8% APY||$2500|
Elkhorn Valley Bank & Trust offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Elkhorn Valley Bank & Trust does not have the best savings rate, which means you should consider taking a look 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. Elkhorn Valley Bank & Trust's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a Elkhorn Valley Bank & Trust Near Me
Elkhorn Valley Bank & Trust has 10 branches in the U.S.Back to Overview