Heartland Bank started in 1899 and is headquartered in Geneva, Nebraska. It handles assets of $403 million and $333 million in deposits, ranking it as a small bank. Heartland Bank 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. On the whole, Heartland Bank is a top-tier bank that warrants a serious look, with a score of 4.7 out of 5 stars from our experts. Heartland Bank offers a variety of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Heartland Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Heartland Bank offers an option without a maintenance or monthly fee. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same bank is your best bet for accruing the most income from your deposits while maintaining easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Heartland Bank has a savings rate of 0.60%, which is poor in comparison to the average U.S. bank. Its CDs feature a rate of 1.35% and 2.35% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.50%. Given its poor savings rate, you should think about other options to earn more on your deposits.
How Heartland Bank's Savings Rates Compare
Heartland Bank generally has extremely low fees compared to other U.S. banks. Heartland Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, Heartland Bank is perfect because it has no out-of-network ATM fees. Heartland Bank does not reimburse out-of-network ATM charges, meaning you will need to find a Heartland Bank ATM or accept the cost of withdrawal.
Heartland Bank is a brick-and-mortar bank, with eight total branches in Nebraska. With mobile and web apps, Heartland Bank makes account access convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:30 a.m. to 4:00 p.m. ET. Heartland Bank gets great ratings from customers for its mobile banking services. With 15 customer reviews on Apple and Android platforms, the Heartland Bank mobile app is scored at 4.7 out of 5 (compared to the national average of 3.8). You can access Heartland Bank's app to manage your finances by reviewing account balances, transferring money and accessing customer service. Heartland Bank receives an exceptional consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Heartland Bank is currently a small bank with $403 million in assets as well as deposits totaling $333 million. Its Texas Ratio is 2.26%, indicating that Heartland Bank is in excellent financial shape and far from failure. Additionally, Heartland 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.Back to Overview
Compare Heartland Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.6% APY||$1000|
|Checking Account||0.35% APY||$2500|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Accounts||0.4% APY 0.5% APY||$10000 $15000|
Heartland Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Heartland Bank 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. Heartland Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a Heartland Bank Near Me
Heartland Bank has eight physical locations in the U.S.Back to Overview