Loading
Tap on the profile icon to edit
your financial details.

Inland Bank and Trust Review

Your Details Done
by Updated
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
Inland Bank and Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Inland Bank and Trust was founded in 1977 with headquarters in Oak Brook, Illinois. It manages $1 billion in assets and deposits totaling $895 million, which makes it a medium-size bank. Inland Bank and Trust 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 in-person service, in addition to its online and mobile apps. On the whole, Inland Bank and Trust is an acceptable bank choice, but may leave you wanting more, with a rating of 3.8 out of 5 stars from our experts. Inland Bank and Trust has a complete choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly maintenance charge. Banks that offer free checking and a high interest rate savings account are the best bet for getting the highest income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

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

Rates

3.2
SmartAsset Average: 3.5

Inland Bank and Trust has a savings rate of 0.10%, which is fair compared to the average U.S. bank. Inland Bank and Trust's one-year CD has a rate of 0.75% and the five-year CD earns at a rate of 1.51%, while its highest-yielding money market account has an APY of 0.25%. Given its below average savings rate, you should consider looking at the competition to open savings accounts.

How Inland Bank and Trust's Savings Rates Compare

Inland Bank and Trust Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

3.9
SmartAsset Average: 4.4

Inland Bank and Trust typically has above-average fees in comparison to other U.S. banks. With no monthly fee, Inland Bank and Trust's checking account is perfect for people who need an easy checking account. For those who withdraw money routinely, it is fair because it has an out-of-network ATM fee of $2.00, which is reasonable in comparison to the average U.S. bank. Also, at $36.00, Inland Bank and Trust's overdraft fee is slightly steeper than that of other U.S. banks. Inland Bank and Trust doesn't reimburse out-of-network ATM charges, meaning you'll have to find an Inland Bank and Trust ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $36.00 National Average: $35.00
Back to Overview

Service Quality

3.2
SmartAsset Average: 3.7

Inland Bank and Trust is a brick-and-mortar bank, with 12 total bank locations in Illinois. It also offers access to mobile and web apps for easy access and banking on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 8:30 a.m. to 6:00 p.m. CT; Saturday, and 9:00 a.m. to 1:00 p.m. CT. Inland Bank and Trust's online and mobile banking services get poor marks from customers. Out of 14 customer reviews on iOS and Android platforms, the Inland Bank and Trust mobile app is scored at 2.5 out of 5 (compared to the national average of 3.8). Inland Bank and Trust's mobile app lets you manage your accounts by reviewing account balances, transferring funds and reaching customer service. Inland Bank and Trust receives an exceptional consumer satisfaction rating based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 2.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.7
SmartAsset Average: 4.8

Inland Bank and Trust is currently a medium-size bank and manages $1 billion in assets as well as deposits totaling $895 million. Its Texas Ratio is 7.56%, denoting that the bank is in good financial condition and unlikely to fail. Additionally, Inland Bank and Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.56%
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.

Back to Overview

Compare Inland Bank and Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 0.95% APY
  • 36 Month: 1.16% APY
  • 48 Month: 1.31% APY
  • 60 Month: 1.51% APY
$10000 for all terms
Money Market Accounts 0.2% APY 0.25% APY $10000 $15000

Inland Bank and Trust has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Inland Bank and Trust does not have the best savings rate, which means you should consider 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. Inland Bank and Trust's CD rates are fair compared to the average U.S. bank.

Back to Overview

Find a Inland Bank and Trust Near Me

Inland Bank and Trust has 12 branches in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure