
Overview
Libertyville Bank & Trust Company first started operating in 1995 and its headquarters are located in Libertyville, Illinois. It owns $1 billion in assets as well as deposits totaling $1 billion, which makes it a medium-size bank. Libertyville 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 in-person service, in addition to its online and mobile apps. On the whole, Libertyville Bank & Trust Company is a respectable bank that gets the job done, with a rating of 4.1 out of 5 stars from the SmartAsset team. Libertyville Bank & Trust Company provides customers with a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Libertyville Bank & Trust Company has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Libertyville Bank & Trust Company's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high savings APY are the best option for getting the highest income from your deposits while maintaining easy access to your funds.
How We Rated It
SmartAsset's Overall Rating
National Average: 4.1The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Rates
SmartAsset Average: 3.5Libertyville Bank & Trust Company has a savings rate of 0.20%, which is fair compared to the national average. Its CDs feature a rate of 0.20% and 0.80% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.30%. Given Libertyville Bank & Trust Company's below average savings rate, you should consider other options to earn more on your deposits.
How Libertyville Bank & Trust Company's Savings Rates Compare
Fees
SmartAsset Average: 4.4On average, Libertyville Bank & Trust Company charges customers extremely low fees in comparison to the national average. With no monthly fee, Libertyville Bank & Trust Company's checking account is ideal for those who need a hassle-free checking account. For those who will need cash in a pinch, Libertyville Bank & Trust Company is perfect because it has no out-of-network ATM fees. Libertyville Bank & Trust Company doesn't reimburse out-of-network ATM fees, which means you'll have to locate a Libertyville Bank & Trust Company ATM or pay the cost of withdrawal.
Service Quality
SmartAsset Average: 3.7Libertyville Bank & Trust Company is a brick-and-mortar bank, with eight total branches in Illinois. It also offers access to mobile and web apps for a simple mobile-banking experience. Libertyville Bank & Trust Company gets moderate marks from customers for its mobile platform. Out of 25 ratings on both Apple and Android platforms, the Libertyville Bank & Trust Company mobile app is scored at 3.6 out of 5 (compared to the national average of 3.8). Libertyville Bank & Trust Company's mobile app allows you to control your bank accounts by monitoring account balances, sending and receiving money as well as accessing support representatives. Libertyville Bank & Trust Company gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Financial Health
SmartAsset Average: 4.8Libertyville Bank & Trust Company ranks as a medium-size bank with $1 billion in assets and deposits totaling $1 billion. Its Texas Ratio is 4.57%, suggesting a minute probability of failure. Additionally, Libertyville 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
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 OverviewCompare Libertyville 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 | 0.05% APY | $1 |
Certificates of Deposit |
| $1000 for all terms |
Money Market Accounts | 0.3% APY 0.3% APY | $10000 $15000 |
Libertyville Bank & 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. Libertyville Bank & Trust Company does not have the best savings rate, which means you should think about 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. Libertyville Bank & Trust Company's CD rates are fair in comparison to the average U.S. bank.
Back to OverviewFind a Libertyville Bank & Trust Company Near Me
Libertyville Bank & Trust Company has eight physical locations in the U.S.
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