Elkhorn Valley Bank & Trust Review

Overview

Elkhorn Valley Bank & Trust started in 1943 and its headquarters are located in Norfolk, Nebraska. It manages assets of $774 million as well as deposits totaling $672 million, making it a medium-size bank. Elkhorn Valley Bank & Trust 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. With a score of 4.6 stars out of 5, Elkhorn Valley Bank & Trust should be near the top of your list for your bank search. Elkhorn Valley Bank & Trust has a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Elkhorn Valley Bank & Trust has a fair savings rate; other popular banks have higher rates. Banks that offer no-fee checking as well as a high interest rate savings account are the best option for accruing the highest income on your deposits while maintaining 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 0.95%, which is poor compared to the national average. Elkhorn Valley Bank & Trust's one-year CD earns at a rate of 2.05% and the five-year CD has a rate of 2.60%, while its highest-yielding money market account has an APY of 1.20%. Given Elkhorn Valley Bank & Trust's noncompetitive 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 typically has low fees in comparison to the national average. For those who frequently visit the ATM, it is solid because it has an out-of-network ATM fee of $1.00, which is solid in comparison to other U.S. banks. Also, at $20.00, its overdraft fee is significantly lower than the national average overdraft fee. Elkhorn Valley Bank & Trust does not reimburse out-of-network ATM charges, meaning you'll be required to find 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 account access straightforward, even on the go. Elkhorn Valley Bank & Trust's online and mobile banking services get fair marks from users. The Elkhorn Valley Bank & Trust mobile app scored a 3.7 out of 5 (with 3 reviews on iOS and Android) compared to the national average of 3.8. Elkhorn Valley Bank & Trust's mobile app allows you to control your bank accounts by monitoring monthly statements, transferring funds as well as accessing customer service. Elkhorn Valley Bank & Trust receives a superb consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Elkhorn Valley Bank & Trust is currently a medium-size bank with $774 million in assets and $672 million in deposits. Elkhorn Valley Bank & Trust has an excellent Texas Ratio of 1.52%, denoting that Elkhorn Valley Bank & Trust is in excellent financial shape and unlikely to fail. 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.

Products Offered

Elkhorn Valley Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Elkhorn Valley Bank & Trust does not have the best savings rate, which means you should think about 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 as compared against the national average.

Find a Elkhorn Valley Bank & Trust Near Me

Elkhorn Valley Bank & Trust has 10 physical branches in the U.S.