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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 and deposits totaling $913 million, which makes the institution a medium-size bank. St. Charles Bank & Trust Company, whose headquarters are in Saint Charles, Illinois, 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 in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.2 out of 5 stars, St. Charles Bank & Trust Company proves it is a great choice and should warrant serious consideration. St. Charles Bank & Trust Company provides customers with a variety of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. St. Charles Bank & Trust Company has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, St. Charles Bank & Trust Company's ordinary checking account does not have a monthly fee. Institutions that offer no-fee checking, in addition to a high savings APY are the best bet for accruing the most income from your deposits while maintaining convenient 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

3.4
SmartAsset Average: 3.5

With a savings rate of 0.20%, St. Charles Bank & Trust Company ranks poorly in comparison to other U.S. banks. St. Charles Bank & Trust Company's one-year CD has a rate of 0.80% and the five-year CD has a rate of 1.75%, while its highest-yielding money market account has a rate of 0.30%. Given St. Charles Bank & Trust Company's noncompetitive savings rate, you should consider 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 generally extremely low fees compared to the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. St. Charles Bank & Trust Company unfortunately does not reimburse out-of-network ATM fees, meaning you'll need to locate a St. Charles Bank & Trust Company ATM or eat 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. It also offers access to mobile and web apps for an easy mobile-banking experience. St. Charles Bank & Trust Company gets poor feedback from customers for its mobile app. The St. Charles Bank & Trust Company mobile app rates a 3.3 out of 5 (with 31 reviews on Apple and Android) compared to the national average of 3.8. You can use St. Charles Bank & Trust Company's mobile app to control your bank accounts by looking at monthly statements, sending and receiving funds as well as reaching support representatives. St. Charles Bank & Trust Company gets an outstanding consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 ranks as a medium-size bank and owns assets totaling $1 billion as well as $913 million in deposits. St. Charles Bank & Trust Company's Texas Ratio is 7.44%, signifying that St. Charles Bank & Trust Company is in fine financial shape and far from 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 Account 0.3% APY $10000

St. Charles Bank & Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. St. Charles Bank & 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. 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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