Started in 1988, Enterprise Bank & Trust has $5 billion in assets along with deposits totaling $4 billion, classifying it as a large bank. Enterprise Bank & Trust, whose headquarters are in Clayton, Missouri, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Enterprise Bank & Trust is a great bank that you should seriously consider, with a score of 4.3 stars out of 5 from our experts. Enterprise Bank & Trust offers a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Enterprise Bank & Trust has a fair savings rate; you can find higher rates with other banks. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is the best option for getting the most income from 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
With a savings rate of 0.25%, Enterprise Bank & Trust ranks poorly as compared against the national average. Enterprise Bank & Trust's one-year and five-year term lengths CDs earn at a rate of 0.90% and 1.31%, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given Enterprise Bank & Trust's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.
How Enterprise Bank & Trust's Savings Rates Compare
Enterprise Bank & Trust has generally extremely low fees in comparison to other U.S. banks. Also, at $30.00, its overdraft fee is markedly lower than the national average. Enterprise Bank & Trust unfortunately does not refund out-of-network ATM charges, meaning you'll need to find an Enterprise Bank & Trust ATM or pay the withdrawal fee.
Enterprise Bank & Trust is a brick-and-mortar bank, with 33 total bank locations in Arizona, Kansas and Missouri. With mobile and web apps, Enterprise Bank & Trust makes account access convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 7:30 a.m. to 6:00 p.m. CT. Enterprise Bank & Trust's online and mobile banking services receive poor scores from users. Out of 100 customer reviews on both iOS and Android platforms, the Enterprise Bank & Trust mobile app has an overall rating of 3.1 out of 5 (compared to the national average of 3.8). Enterprise Bank & Trust's mobile app allows you to manage your accounts by reviewing account balances, sending and receiving money and reaching support representatives. Enterprise Bank & Trust receives an outstanding consumer satisfaction score due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Enterprise Bank & Trust ranks as a large bank and has $5 billion in assets as well as $4 billion in deposits. Enterprise Bank & Trust's Texas Ratio is 2.92%, indicating a low likelihood of failure. Additionally, Enterprise 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 Enterprise Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$1|
|Checking Account||0.2% APY||$2500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.2% APY 0.2% APY||$10000 $15000|
Enterprise Bank & Trust has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Enterprise Bank & Trust does not have the best savings rate, which means you should think about looking 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. Enterprise Bank & Trust's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a Enterprise Bank & Trust Near Me
Enterprise Bank & Trust has 33 locations in the U.S.Back to Overview