Founded in 1904, Stock Yards Bank & Trust Company has assets totaling $3 billion along with $3 billion in deposits, classifying it 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 traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Stock Yards Bank & Trust Company is a good bank that gets the job done, with a score of 4.1 stars out of 5 from our team. Stock Yards Bank & Trust Company offers a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. It has a fair savings rate compared to the average savings account. The bank's standard checking account carries a $3.00 monthly fee, which is acceptable as compared against the national average. Using an institution with free checking, in addition to a high savings APY is your best option for gaining the most income on your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.30%, Stock Yards Bank & Trust Company ranks poorly compared to other U.S. banks. Stock Yards Bank & Trust Company's one-year CD has a rate of 2.00% and the five-year CD earns at a rate of 2.75%, 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 choosing another bank to earn more on your deposits.
How Stock Yards Bank & Trust Company's Savings Rates Compare
Stock Yards Bank & Trust Company has typically above-average fees in comparison to the national average. Stock Yards Bank & Trust Company's checking account has a monthly fee of $3.00, which makes it slightly worse for anyone looking for a hassle-free account. Additionally, at $35.00, Stock Yards Bank & Trust Company has a lower overdraft fee compared to that of other U.S. banks. Stock Yards Bank & Trust Company doesn't reimburse out-of-network ATM charges, meaning you will need to find a Stock Yards Bank & Trust Company ATM or eat the withdrawal fee.
Stock Yards Bank & Trust Company is a brick-and-mortar bank, with 37 total branches in Indiana, Kentucky and Ohio. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not offer all-day customer service with representatives. You can get help during its 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 receives unsatisfactory reviews from users for its online presence. With 140 ratings on both iOS and Android platforms, the Stock Yards Bank & Trust Company mobile app rates a 3.2 out of 5 (compared to the national average of 3.8). Stock Yards Bank & Trust Company's mobile app allows you to control your finances by looking at monthly statements, transferring money and reaching customer service. Stock Yards Bank & Trust Company gets a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Stock Yards Bank & Trust Company is a large bank with assets totaling $3 billion as well as $3 billion in deposits. It has an excellent Texas Ratio of 2.66%, indicating a low probability of 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.Back to Overview
Compare Stock Yards Bank & Trust Company to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.3% APY||$100|
|Checking Account||0.25% APY||$1000|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||1.0% APY 1.0% APY||$10000 $15000|
Stock Yards Bank & 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. Stock Yards Bank & Trust Company does not have the best savings rate, which means you should consider 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. Stock Yards Bank & Trust Company's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Stock Yards Bank & Trust Company Near Me
Stock Yards Bank & Trust Company has 37 branches in the U.S.Back to Overview