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Hills Bank and Trust Company Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Hills Bank and Trust Company Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1904, Hills Bank and Trust Company has $3 billion in assets along with $2 billion in deposits, which makes the institution a large bank. Hills Bank and Trust Company, whose headquarters are in Hills, Iowa, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4.2 stars out of 5, Hills Bank and Trust Company is a solid pick to be your bank. Hills Bank and Trust Company offers a complete choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Hills Bank and Trust Company's ordinary checking account does not have a monthly fee. Using an institution with free checking and a high interest rate savings account is the best bet for returning the most income on your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

Hills Bank and Trust Company features a savings rate of 0.15%, which is fair compared to the average U.S. bank. Hills Bank and Trust Company's one-year CD has a rate of 0.45% and the five-year CD earns at a rate of 1.50%, while its highest-yielding money market account earns at an APY of 0.25%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Hills Bank and Trust Company's Savings Rates Compare

Hills Bank and Trust Company Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Hills Bank and Trust Company has typically extremely low fees in comparison to other U.S. banks. With no monthly fee, Hills Bank and Trust Company is perfect for people who want a basic checking account. Hills Bank and Trust Company does not refund out-of-network ATM charges, which means you will have to locate a Hills Bank and Trust Company ATM or accept the withdrawal 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

3.6
SmartAsset Average: 3.7

Hills Bank and Trust Company is a brick-and-mortar bank, with 20 total bank locations in Iowa. It also offers access to mobile and web apps for easy access and banking on the go. Hills Bank and Trust Company's online and mobile banking platforms receive poor marks from users. Out of 170 ratings across both iOS and Android platforms, the Hills Bank and Trust Company mobile app rates a 3.4 out of 5 (compared to the national average of 3.8). Hills Bank and Trust Company's mobile app allows you to control your funds by reviewing current statements, transferring money and accessing support representatives. Hills Bank and Trust Company receives a superb consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Hills Bank and Trust Company is currently a large bank with assets totaling $3 billion and $2 billion in deposits. Its Texas Ratio is 2.40%, indicating that Hills Bank and Trust Company is in outstanding financial condition and improbable to fail. Additionally, Hills Bank and 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

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 Hills Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.95% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.50% APY
$500 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

Hills Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Hills Bank and 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. Hills Bank and Trust Company's CD rates are fair compared to other U.S. banks.

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Find a Hills Bank and Trust Company Near Me

Hills Bank and Trust Company has 20 branches across the U.S.

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