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

Lindell Bank & Trust Company Review

Your Details Done
by Updated
Lindell Bank & Trust Company Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Lindell Bank & Trust Company first started operating in 1923 with headquarters located in St. Louis, Missouri. It handles assets of $539 million and deposits totaling $433 million, which makes it a medium-size bank. Lindell 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 offerings. Overall, Lindell Bank & Trust Company is a great choice and should warrant serious consideration, with a rating of 4.2 out of 5 stars from the SmartAsset experts. Lindell Bank & Trust Company has a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs and mortgage products. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Lindell Bank & Trust Company offers an option without a monthly fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are the best option 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

3.7
SmartAsset Average: 3.5

With a savings rate of 0.25%, Lindell Bank & Trust Company ranks poorly compared to the national average. Its one-year CD has a rate of 1.00% and the five-year CD has a rate of 1.20%, while its highest-yielding money market account has an APY of 0.15%. Given its poor savings rate, you should think about looking elsewhere to open savings accounts.

How Lindell Bank & Trust Company's Savings Rates Compare

Lindell Bank & Trust Company Savings 0.25 National Average 0.26 Compare Offers
Back to Overview

Fees

4.0
SmartAsset Average: 4.4

Lindell Bank & Trust Company typically has average fees compared to other U.S. banks. Lindell Bank & Trust Company's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Also, it has an overdraft fee of $36.00, which is slightly steeper than the average U.S. overdraft fee. Lindell Bank & Trust Company does not refund out-of-network ATM fees, meaning you will be required to find a Lindell Bank & Trust Company ATM or eat the cost of withdrawal.

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

Service Quality

4.0
SmartAsset Average: 3.7

Lindell Bank & Trust Company is a brick-and-mortar bank, with 12 total branches in Illinois and Missouri. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:30 a.m. to 5:00 p.m. CT. Lindell Bank & Trust Company gets relatively high praise from customers for its online presence. The Lindell Bank & Trust Company mobile app has an overall rating of 4.0 out of 5 (with 6 customer reviews on Apple and Android) compared to the national average of 3.8. You can utilize Lindell Bank & Trust Company's app to manage your accounts by checking current statements, sending and receiving funds and reaching support representatives. Lindell Bank & Trust Company receives an exceptional consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

Lindell Bank & Trust Company is a medium-size bank with assets totaling $539 million and $433 million in deposits. Lindell Bank & Trust Company has an excellent Texas Ratio of 2.34%, suggesting a negligible likelihood of failure. Additionally, Lindell 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 Overview

Compare Lindell Bank & Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.25% APY
  • 48 Month: 1.10% APY
  • 60 Month: 1.20% APY
$1000 for all terms
Money Market Account 0.05% APY $10000

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

Back to Overview

Find a Lindell Bank & Trust Company Near Me

Lindell Bank & Trust Company has 12 physical locations 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