
Overview
Fidelity Bank & Trust started in 1910 with headquarters in Dubuque, Iowa. Fidelity Bank & Trust manages assets of $824 million along with $680 million in deposits, making it a medium-size bank. Fidelity Bank & Trust lacks premium access to support representatives, 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. On the whole, Fidelity Bank & Trust is a great bank that you should seriously consider, with a rating of 4.3 stars out of 5 from the SmartAsset experts. Fidelity Bank & Trust has a complete choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Fidelity Bank & Trust has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Fidelity Bank & Trust offers an option without a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best option for getting the most income on your deposits while having convenient access to your funds.
How We Rated It
SmartAsset's Overall Rating
National Average: 4.1The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Rates
SmartAsset Average: 3.5With a savings rate of 0.05%, Fidelity Bank & Trust ranks poorly in comparison to the national average. Fidelity Bank & Trust's one-year CD has a rate of 0.65% and the five-year CD earns at a rate of 1.66%, while its highest-yielding money market account earns at a rate of 0.05%. Given Fidelity Bank & Trust's poor savings rate, you should think about taking a look at other banks for savings accounts.
How Fidelity Bank & Trust's Savings Rates Compare
Fees
SmartAsset Average: 4.4Fidelity Bank & Trust charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Fidelity Bank & Trust's checking account is perfect for people who need an easy checking account. Fidelity Bank & Trust does not reimburse out-of-network ATM charges, which means you'll have to find a Fidelity Bank & Trust ATM or eat the ATM charge.
Service Quality
SmartAsset Average: 3.7Fidelity Bank & Trust is a brick-and-mortar bank, with 20 total branches in Illinois, Iowa and Wisconsin. It also offers access to mobile and web apps for easy access and banking on the go. Fidelity Bank & Trust's online and mobile banking platforms get fairly decent feedback from users. Out of 75 customer reviews across both Apple and Android platforms, the Fidelity Bank & Trust mobile app is scored at 4.4 out of 5 (compared to the national average of 3.8). Fidelity Bank & Trust's mobile app lets you control your funds by checking monthly statements, sending and receiving funds and reaching customer service. Fidelity Bank & Trust gets an exceptional consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Financial Health
SmartAsset Average: 4.8Fidelity Bank & Trust ranks as a medium-size bank owning assets totaling $824 million as well as $680 million in deposits. Fidelity Bank & Trust's Texas Ratio is 1.88%, signifying a negligible probability of failure. 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.
Back to OverviewCompare Fidelity Bank & Trust to Other Competitive Offers
Products Offered
Product | Current Terms and Rates | Minimum Balance for APY |
---|---|---|
Savings Account | 0.05% APY | $1 |
Checking Account | 0.05% APY | $1 |
Certificates of Deposit |
| $500 for all terms |
Money Market Accounts | 0.05% APY 0.05% APY | $10000 $15000 |
Fidelity 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. Fidelity 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. Fidelity Bank & Trust's CD rates are fair compared to the national average.
Back to OverviewFind a Fidelity Bank & Trust Near Me
Fidelity Bank & Trust has 20 branches across the U.S.
Back to Overview