Stock Yards Bank & Trust Company Review

Overview

Established in 1904, Stock Yards Bank & Trust Company has assets totaling $7.72 billion as well as $6.21 billion in deposits, ranking the institution as a large bank. Stock Yards Bank & Trust Company, whose headquarters are in Louisville, Kentucky, 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. With a score of 4.1 out of 5 stars, Stock Yards Bank & Trust Company should be solidly in contention for your choice of bank. Stock Yards Bank & Trust Company offers a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account has a $3.00 monthly fee, which is not too high as compared against the national average. Finding a bank with no-fee checking as well as a high interest rate savings account is the best option for getting the highest income from your deposits while having convenient access to your funds.

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

Stock Yards Bank & Trust Company has a savings rate of 0.30%, which is fair compared to the average U.S. bank. Stock Yards Bank & Trust Company's one-year and five-year term lengths CDs earn at a rate of 2.50% and 2.75%, respectively, while its highest-yielding money market account earns at a rate of 1.00%. Given Stock Yards Bank & Trust Company's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Stock Yards Bank & Trust Company's Savings Rates Compare

Stock Yards Bank & Trust Company has generally above-average fees in comparison to the average U.S. bank. At $5.00 per month, Stock Yards Bank & Trust Company's checking account is less than great for those who want a hassle-free checking account. Also, it has an overdraft fee of $35.00, which is on par with the national average overdraft fee. Stock Yards Bank & Trust Company does not refund out-of-network ATM fees, meaning you will have to locate a Stock Yards Bank & Trust Company ATM or pay the withdrawal fee.

Stock Yards Bank & Trust Company is a brick-and-mortar bank, with 75 total branches in , , , , , , , , , , , , , , , , and . It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:00 a.m. to 5:00 p.m. ET; Friday, 8:00 a.m. to 5:30 p.m. ET; Saturday, and 9:00 a.m. to 12:00 p.m. ET. Stock Yards Bank & Trust Company gets moderately decent feedback from customers for its online presence. The Stock Yards Bank & Trust Company mobile app is rated at 4.4 out of 5 (out of 2,082 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Stock Yards Bank & Trust Company's app to manage your funds by monitoring account balances, sending and receiving funds as well as accessing support representatives. Stock Yards Bank & Trust Company receives a superb consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Stock Yards Bank & Trust Company ranks as a large bank with assets totaling $7.72 billion and $6.21 billion in deposits. Stock Yards Bank & Trust Company has an excellent Texas Ratio of 2.06%, suggesting that Stock Yards Bank & Trust Company is in excellent financial shape and far from failure. Additionally, Stock Yards 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.

Products Offered

Stock Yards Bank & Trust Company offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Stock Yards 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. Stock Yards Bank & Trust Company's CD rates are fair in comparison to other U.S. banks.

Find a Stock Yards Bank & Trust Company Near Me

Stock Yards Bank & Trust Company has 75 physical branches across the U.S.