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.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
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 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.
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.
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
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$1|
|Checking Account||0.05% APY||$1000|
|Certificates of Deposit|| ||$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