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First Bankers Trust Company Review

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First Bankers Trust Company Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


First Bankers Trust Company started in 1946 with headquarters located in Quincy, Illinois. First Bankers Trust Company has assets of $933 million along with deposits totaling $763 million, ranking it as a medium-size bank. First Bankers Trust Company lacks premium access to customer service, 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 apps. With a score of 4.1 out of 5 stars, First Bankers Trust Company should be solidly in contention for your choice of bank. First Bankers Trust Company provides customers with a choice of banking products, which include savings accounts, checking accounts, CDs, IRAs, 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, First Bankers Trust Company's most basic checking does not have a monthly maintenance charge. Locating 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 gaining the most income on your deposits while maintaining convenient access to your money.

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

With a savings rate of 0.05%, First Bankers Trust Company ranks poorly compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.05% and 1.10%, respectively, while its highest-yielding money market account earns at an APY of 0.05%. Given its poor savings rate, you should consider choosing another bank to earn more on your deposits.

How First Bankers Trust Company's Savings Rates Compare

First Bankers Trust Company Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Bankers Trust Company charges customers extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Additionally, at $30.00, its overdraft fee is significantly lower than that of other U.S. banks. First Bankers Trust Company unfortunately doesn't refund out-of-network ATM charges, meaning you will be required to locate a First Bankers Trust Company ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

First Bankers Trust Company is a brick-and-mortar bank, with 10 total branches in Illinois. With mobile and web apps, First Bankers Trust Company makes mobile banking straightforward, even on the go. First Bankers Trust Company gets reasonably good reviews from customers for its mobile platform. Out of 47 ratings across both iOS and Android platforms, the First Bankers Trust Company mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). First Bankers Trust Company's mobile app allows you to control your bank accounts by monitoring monthly statements, sending and receiving funds as well as reaching customer service. First Bankers Trust Company receives an excellent consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First Bankers Trust Company is currently a medium-size bank owning $933 million in assets and deposits totaling $763 million. First Bankers Trust Company's Texas Ratio is 8.68%, denoting a tiny opportunity of failure. Additionally, First Bankers Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 First Bankers Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.05% APY
  • 24 Month: 0.20% APY
  • 36 Month: 0.80% APY
  • 48 Month: 0.90% APY
  • 60 Month: 1.10% APY
$1000 for all terms
Money Market Account 0.05% APY $25000

First Bankers Trust Company offers several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. First Bankers Trust Company 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. First Bankers Trust Company's CD rates are fair compared to other U.S. banks.

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Find a First Bankers Trust Company Near Me

First Bankers Trust Company has 10 locations in the U.S.

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