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St. Charles Bank & Trust Company Review

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St. Charles Bank & Trust Company Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1987, St. Charles Bank & Trust Company has $1 billion in assets along with deposits totaling $913 million, ranking it as a medium-size bank. St. Charles Bank & Trust Company, whose headquarters are in Saint Charles, Illinois, lacks premium access to support representatives, 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. At a SmartAsset rating of 4.2 stars out of 5, St. Charles Bank & Trust Company should be solidly in contention for your choice of bank. St. Charles Bank & Trust Company has a full choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking does not carry a monthly maintenance fee. Locating a bank with no-fee checking as well as a high savings APY is your best option for getting the most income on your deposits alongside convenient access to your funds.

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

3.4
SmartAsset Average: 3.5

St. Charles Bank & Trust Company features a savings rate of 0.20%, which is fair compared to the average U.S. bank. St. Charles Bank & Trust Company's CDs feature a rate of 0.80% and 1.75% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.30%. Given St. Charles Bank & Trust Company's noncompetitive savings rate, you should think about looking at the competition to open savings accounts.

How St. Charles Bank & Trust Company's Savings Rates Compare

St. Charles Bank & Trust Company Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

St. Charles Bank & Trust Company has typically extremely low fees in comparison to the average U.S. bank. With no monthly fee, St. Charles Bank & Trust Company is ideal for people who want a basic checking account. St. Charles Bank & Trust Company does not refund out-of-network ATM fees, which means you will have to search for a St. Charles Bank & Trust Company ATM or pay the withdrawal fee.

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

3.6
SmartAsset Average: 3.7

St. Charles Bank & Trust Company is a brick-and-mortar bank, with six total bank locations in Illinois. With mobile and web apps, St. Charles Bank & Trust Company makes account access easy, even on the go. St. Charles Bank & Trust Company gets poor marks from customers for its mobile platform. With 31 ratings on both Apple and Android platforms, the St. Charles Bank & Trust Company mobile app rates a 3.3 out of 5 (compared to the national average of 3.8). St. Charles Bank & Trust Company's mobile app allows you to manage your finances by reviewing account balances, sending and receiving money as well as accessing customer service. St. Charles Bank & Trust Company gets an outstanding consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

St. Charles Bank & Trust Company is currently a medium-size bank and manages assets totaling $1 billion and deposits totaling $913 million. It has a strong Texas Ratio of 7.44%, signifying a tiny possibility of failure. Additionally, St. Charles 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

7.44%
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 St. Charles Bank & Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.25% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.75% APY
$1000 for all terms
Money Market Accounts 0.3% APY 0.3% APY $10000 $15000

St. Charles Bank & Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. St. Charles Bank & Trust Company does not have the best savings rate, which means you should think about looking 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. St. Charles Bank & Trust Company's CD rates are fair as compared against the national average.

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Find a St. Charles Bank & Trust Company Near Me

St. Charles Bank & Trust Company has six branches across the U.S.

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