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Quad City Bank and Trust Company Review

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Quad City Bank and Trust Company Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Quad City Bank and Trust Company was founded in 1994 with headquarters in Bettendorf, Iowa. It handles $2 billion in assets as well as $1 billion in deposits, classifying it as a large bank. Quad City Bank and Trust Company lacks premium access to customer service, with no options for live chat or all-day service. 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. On the whole, Quad City Bank and Trust Company is a decent bank that leaves room for improvement, with a score of 3.7 out of 5 stars from the SmartAsset experts. Quad City Bank and Trust Company offers a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Quad City Bank and Trust Company has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Quad City Bank and Trust Company offers an option without a maintenance or monthly fee. Banks that offer no-fee checking and a high interest rate savings account are your best bet for gaining the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.8
SmartAsset Average: 3.5

Quad City Bank and Trust Company features a savings rate of 0.01%, which is poor in comparison to the average U.S. bank. Quad City Bank and Trust Company's one-year CD earns at a rate of 0.10% and the five-year CD has a rate of 0.60%, while its highest-yielding money market account has an APY of 0.01%. Given Quad City Bank and Trust Company's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How Quad City Bank and Trust Company's Savings Rates Compare

Quad City Bank and Trust Company Savings 0.01 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Quad City Bank and Trust Company has typically extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Quad City Bank and Trust Company unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll have to find a Quad City Bank and 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 N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Quad City Bank and Trust Company is a brick-and-mortar bank, with five total branches in Illinois and Iowa. With mobile and web apps, Quad City Bank and Trust Company makes account access easy, even on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 5:00 p.m. CT; Saturday, and 8:00 a.m. to 12:00 p.m. CT. You can utilize Quad City Bank and Trust Company's mobile app to manage your funds by checking current statements, transferring funds and accessing customer service. Quad City Bank and Trust Company receives a superb consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

4.6
SmartAsset Average: 4.8

Quad City Bank and Trust Company ranks as a large bank and owns assets totaling $2 billion as well as $1 billion in deposits. Its Texas Ratio is 8.42%, indicating that Quad City Bank and Trust Company is in fine financial health and far from failure. Additionally, Quad City Bank and 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

8.42%
High Risk 75% 50% 20% 10% Low Risk

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 Quad City Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $1
Checking Account 0.01% APY $750
Certificates of Deposit
  • 12 Month: 0.10% APY
  • 24 Month: 0.20% APY
  • 36 Month: 0.35% APY
  • 48 Month: 0.50% APY
  • 60 Month: 0.60% APY
$500 for all terms
Money Market Account 0.01% APY $25000

Quad City Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Quad City Bank and Trust Company does not have the best savings rate, which means you should think about taking a look 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. Quad City Bank and Trust Company's CD rates are fair in comparison to the national average.

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Find a Quad City Bank and Trust Company Near Me

Quad City Bank and Trust Company has five physical locations in the U.S.

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