Established in 1988, Enterprise Bank & Trust has $5 billion in assets and $4 billion in deposits, making the institution a large bank. Enterprise Bank & Trust, whose headquarters are in Clayton, Missouri, lacks premium access to customer service, 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. Overall, Enterprise Bank & Trust is a great choice and should warrant serious consideration, with a rating of 4.3 stars out of 5 from our team. Enterprise Bank & Trust has a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It 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 bank is your best option for gaining the most 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
Enterprise Bank & Trust has a savings rate of 0.25%, which is poor in comparison to the national average. Its one-year CD has a rate of 0.90%, while its highest-yielding money market account has an APY of 0.20%. Given its poor savings rate, you should think about other options to earn more on your deposits.
How Enterprise Bank & Trust's Savings Rates Compare
On average, Enterprise Bank & Trust charges customers extremely low fees in comparison to other U.S. banks. Additionally, Enterprise Bank & Trust has an overdraft fee of $30.00, which is noticeably less than the average U.S. overdraft fee. Enterprise Bank & Trust does not reimburse out-of-network ATM fees, which means you will have to search for an Enterprise Bank & Trust ATM or eat the ATM charge.
Enterprise Bank & Trust is a brick-and-mortar bank, with 33 total bank locations in Arizona, Kansas and Missouri. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its customer service 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 platforms receive poor feedback from customers. 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). You can use Enterprise Bank & Trust's app to control your funds by checking account balances, transferring funds as well as reaching support representatives. Enterprise Bank & Trust gets an exceptional consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Enterprise Bank & Trust is currently a large bank owning $5 billion in assets as well as deposits totaling $4 billion. Its Texas Ratio is 2.92%, denoting that Enterprise Bank & Trust is in superb financial health and far from 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|| ||$1000 for all terms|
|Money Market Account||0.2% APY||$10000|
Enterprise 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. Enterprise 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. Enterprise Bank & Trust's CD rates are fair compared to other U.S. banks.Back to Overview
Find a Enterprise Bank & Trust Near Me
Enterprise Bank & Trust has 33 physical branches across the U.S.Back to Overview