Fidelity Bank & Trust Review

Overview

Fidelity Bank & Trust was founded in 1910 and its headquarters are located in Dubuque, Iowa. Fidelity Bank & Trust has $824 million in assets and $680 million in deposits, which makes it a medium-size bank. Fidelity Bank & Trust lacks premium access to support representatives, 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 apps. On the whole, Fidelity Bank & Trust is a great bank that you should seriously consider, with a rating of 4.3 out of 5 stars from our team. Fidelity Bank & Trust offers a variety of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Fidelity Bank & Trust has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Fidelity Bank & Trust's most basic checking account does not have a monthly charge. Using a bank with no-fee checking, in addition to a high interest rate savings account is the best bet for returning the most income on your deposits alongside convenient access to your money.

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

Fidelity Bank & Trust features a savings rate of 0.05%, which is poor in comparison to the national average. Its one-year CD has a rate of 0.65% and the five-year CD has a rate of 1.66%, while its highest-yielding money market account earns at a rate of 0.05%. Given its noncompetitive savings rate, you should think about looking at the competition to open savings accounts.

How Fidelity Bank & Trust's Savings Rates Compare

Fidelity Bank & Trust generally has extremely low fees in comparison to the national average. With no monthly fee, Fidelity Bank & Trust's checking account is ideal for those who want a hassle-free banking experience. Fidelity Bank & Trust does not refund out-of-network ATM fees, which means you'll need to locate a Fidelity Bank & Trust ATM or accept the ATM charge.

Fidelity Bank & Trust is a brick-and-mortar bank, with 20 total bank locations in Illinois, Iowa and Wisconsin. It also offers access to mobile and web apps for a simple mobile-banking experience. Fidelity Bank & Trust's online and mobile banking services receive moderately good scores from users. The Fidelity Bank & Trust mobile app is rated at 4.4 out of 5 (with 75 reviews on Apple and Android) compared to the national average of 3.8. Fidelity Bank & Trust's mobile app lets you manage your accounts by monitoring monthly statements, transferring money and reaching support representatives. Fidelity Bank & Trust gets an outstanding consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Fidelity Bank & Trust is a medium-size bank owning $824 million in assets and deposits totaling $680 million. Fidelity Bank & Trust's Texas Ratio is 1.88%, signifying that Fidelity Bank & Trust is in excellent financial well-being and improbable to fail. Additionally, Fidelity 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

Fidelity 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. Fidelity Bank & Trust does not have the best savings rate, which means you should consider other options 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. Fidelity Bank & Trust's CD rates are fair as compared against the national average.

Find a Fidelity Bank & Trust Near Me

Fidelity Bank & Trust has 20 locations across the U.S.