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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

Established in 1994, Quad City Bank and Trust Company has assets totaling $2 billion along with $1 billion in deposits, making it a large bank. Quad City Bank and Trust Company, whose headquarters are in Bettendorf, Iowa, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset experts rated Quad City Bank and Trust Company 3.7 stars out of 5, suggesting it is an acceptable bank choice, but may leave you wanting more. Quad City Bank and Trust Company provides customers with the complete package of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Quad City Bank and Trust Company's standard checking does not have a monthly charge. Banks that offer no-fee checking as well as a high savings APY are your best bet for gaining the highest income on your deposits while maintaining easy access to your money.

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 compared to the average U.S. bank. Its CDs feature a rate of 0.95% and 0.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.01%. Given its poor savings rate, you should consider looking elsewhere to open savings accounts.

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 charges customers extremely low fees compared to the national average. Quad City Bank and Trust Company's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Quad City Bank and Trust Company unfortunately does not refund out-of-network ATM charges, meaning you will be required to locate a Quad City Bank and Trust Company ATM or eat the ATM charge.

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. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not have all-day customer service with actual service 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. Quad City Bank and Trust Company's mobile app allows you to control your bank accounts by monitoring current statements, transferring funds and reaching customer service. Quad City Bank and Trust Company receives a superb consumer satisfaction rating based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 is currently a large bank with assets totaling $2 billion as well as deposits totaling $1 billion. Its Texas Ratio is 8.42%, suggesting a tiny likelihood of 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: 0.95% 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 consider 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 average U.S. bank.

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Find a Quad City Bank and Trust Company Near Me

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

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