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.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
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 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.
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.
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
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
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$1|
|Checking Account||0.05% APY||$1000|
|Certificates of Deposit|| ||$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