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Lindell Bank & Trust Company Review

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

Overview

Started in 1923, Lindell Bank & Trust Company has assets totaling $539 million as well as $433 million in deposits, classifying the institution as a medium-size bank. Lindell Bank & Trust Company, whose headquarters are in St. Louis, Missouri, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Lindell Bank & Trust Company is a solid pick to be your bank, with a score of 4.2 stars out of 5 from the SmartAsset team. Lindell Bank & Trust Company offers the complete package 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's standard checking does not carry a monthly charge. Institutions that offer free checking and a high interest rate savings account are the best option for gaining the highest income on your deposits alongside easy 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

Lindell Bank & Trust Company has a savings rate of 0.25%, which is fair as compared against the national average. Lindell Bank & Trust Company's 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 0.40%. Given Lindell Bank & Trust Company's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Lindell Bank & Trust Company's Savings Rates Compare

Lindell Bank & Trust Company Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.0
SmartAsset Average: 4.4

Lindell Bank & Trust Company has typically average fees in comparison to the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Additionally, it has an overdraft fee of $36.00, which is somewhat steeper than the national average overdraft fee. Lindell Bank & Trust Company does not reimburse out-of-network ATM charges, meaning you will need to search for a Lindell Bank & Trust Company ATM or accept 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
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Service Quality

4.0
SmartAsset Average: 3.7

Lindell Bank & Trust Company is a brick-and-mortar bank, with 12 total bank locations in Illinois and Missouri. It also offers access to mobile and web apps for easy access and banking on the go. It does not offer all-day customer service with 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's online and mobile banking services get relatively decent scores from users. The Lindell Bank & Trust Company mobile app has been given a 4.0 out of 5 (out of 6 reviews on iOS and Android) compared to the national average of 3.8. Lindell Bank & Trust Company's mobile app allows you to manage your finances by checking current statements, transferring money as well as accessing support representatives. Lindell Bank & Trust Company gets a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Lindell Bank & Trust Company is a medium-size bank and manages $539 million in assets and deposits totaling $433 million. Lindell Bank & Trust Company has an excellent Texas Ratio of 2.34%, denoting that the bank is in terrific financial well-being and improbable to fail. 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.

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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 0.15% 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 average U.S. bank.

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Find a Lindell Bank & Trust Company Near Me

Lindell Bank & Trust Company has 12 locations in the U.S.

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