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EverTrust Bank Review

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EverTrust Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1995, EverTrust Bank has $844 million in assets and $608 million in deposits, making the institution a medium-size bank. EverTrust Bank, whose headquarters are in Pasadena, California, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4.2 stars out of 5, EverTrust Bank should be solidly in contention for your choice of bank. EverTrust Bank provides customers with numerous banking products, including savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, EverTrust Bank's most basic checking does not carry a monthly maintenance fee. Locating an institution with free checking as well as a high savings APY is your best option for getting the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

EverTrust Bank features a savings rate of 0.25%, which is fair compared to the national average. EverTrust Bank's CD rates are 1.80% and 2.15% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.40%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How EverTrust Bank's Savings Rates Compare

EverTrust Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, EverTrust Bank charges customers extremely low fees compared to the average U.S. bank. With no monthly fee, EverTrust Bank's checking account is perfect for those who want a hassle-free checking account. EverTrust Bank does not refund out-of-network ATM charges, which means you'll be required to find an EverTrust Bank ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

EverTrust Bank is a brick-and-mortar bank, with eight total branches in California. With mobile and web apps, EverTrust Bank makes account access straightforward, even on the go. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 9:00 a.m. to 5:30 p.m. PT. You can use EverTrust Bank's mobile app to manage your bank accounts by looking at current statements, sending and receiving money and accessing support representatives. EverTrust Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

EverTrust Bank ranks as a medium-size bank owning assets totaling $844 million and $608 million in deposits. It has an excellent Texas Ratio of 0.27%, denoting that the bank is in excellent financial health and improbable to fail. Additionally, EverTrust Bank 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.

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Compare EverTrust Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $300
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 1.80% APY
  • 24 Month: 2.15% APY
  • 36 Month: 2.15% APY
  • 48 Month: 2.15% APY
  • 60 Month: 2.15% APY
$3000 for all terms
Money Market Account 0.35% APY $1000

EverTrust Bank has several deposit products like savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. EverTrust Bank 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. EverTrust Bank's CD rates are fair compared to the average U.S. bank.

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Find a EverTrust Bank Near Me

EverTrust Bank has eight locations in the U.S.

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