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Hinsdale Bank & Trust Company Review

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Hinsdale Bank & Trust Company Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Hinsdale Bank & Trust Company first started operating in 1993 with its headquarters in Hinsdale, Illinois. It owns assets of $2 billion along with deposits totaling $2 billion, ranking it as a large bank. Hinsdale Bank & Trust Company lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. On the whole, Hinsdale Bank & Trust Company is a good bank that gets the job done, with a rating of 4.1 out of 5 stars from the SmartAsset experts. Hinsdale Bank & Trust Company has a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Hinsdale Bank & Trust Company's standard checking account does not have a monthly maintenance fee. Using an institution with no-fee checking as well as a high savings APY is your best bet for gaining the most income on your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
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

Hinsdale Bank & Trust Company has a savings rate of 0.20%, which is fair compared to the average U.S. bank. Hinsdale Bank & Trust Company's one-year CD earns at a rate of 0.25% and the five-year CD earns at a rate of 0.85%, while its highest-yielding money market account earns at a rate of 0.30%. Given Hinsdale Bank & Trust Company's noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.

How Hinsdale Bank & Trust Company's Savings Rates Compare

Hinsdale Bank & Trust Company Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Hinsdale Bank & Trust Company typically has extremely low fees compared to the national average. Hinsdale Bank & Trust Company's checking account has no monthly fee, making it excellent for anyone looking for a simple account. For those who frequent the ATM, Hinsdale Bank & Trust Company is perfect because it has no out-of-network ATM fees. Hinsdale Bank & Trust Company does not refund out-of-network ATM charges, which means you will be required to search for a Hinsdale Bank & Trust Company ATM or pay the withdrawal fee.

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

3.3
SmartAsset Average: 3.7

Hinsdale Bank & Trust Company is a brick-and-mortar bank, with 13 total bank locations in Illinois. With mobile and web apps, Hinsdale Bank & Trust Company makes account access convenient, even on the go. Hinsdale Bank & Trust Company gets unsatisfactory marks from customers for its mobile banking services. With 21 ratings across both iOS and Android platforms, the Hinsdale Bank & Trust Company mobile app has an overall rating of 2.8 out of 5 (compared to the national average of 3.8). You can use Hinsdale Bank & Trust Company's app to control your accounts by looking at current statements, sending and receiving funds and accessing customer service. Hinsdale Bank & Trust Company gets an excellent consumer satisfaction score due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 2.8/5
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

Hinsdale Bank & Trust Company ranks as a large bank and handles assets totaling $2 billion and deposits totaling $2 billion. Its Texas Ratio is 3.86%, indicating that the bank is in outstanding financial well-being and far from failure. Additionally, Hinsdale Bank & 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

3.86%
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 Hinsdale Bank & Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.40% APY
  • 36 Month: 0.50% APY
  • 48 Month: 0.60% APY
  • 60 Month: 0.85% APY
$1000 for all terms
Money Market Accounts 0.3% APY 0.3% APY $10000 $15000

Hinsdale Bank & Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Hinsdale Bank & Trust Company 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. Hinsdale Bank & Trust Company's CD rates are fair in comparison to the national average.

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Find a Hinsdale Bank & Trust Company Near Me

Hinsdale Bank & Trust Company has 13 physical locations across the U.S.

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