Stock Yards Bank & Trust Company first started operating in 1904 with headquarters located in Louisville, Kentucky. It handles $3 billion in assets as well as deposits totaling $3 billion, which makes it a large bank. Stock Yards Bank & Trust Company lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.1 stars out of 5, Stock Yards Bank & Trust Company proves it is a good bank that gets the job done. Stock Yards Bank & Trust Company has a complete choice of product offerings, 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 product features a monthly fee of $3.00, which is not too high in comparison to the national average. Locating a bank with no-fee checking and a high interest rate savings account is the best option for gaining the highest income from your deposits while maintaining 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 0.25%, Stock Yards Bank & Trust Company ranks poorly compared to the national average. Stock Yards Bank & Trust Company's one-year CD has a rate of 1.75% and the five-year CD has a rate of 2.75%, while its highest-yielding money market account earns at a rate of 0.45%. Given Stock Yards Bank & Trust Company's poor savings rate, you should consider looking elsewhere to open savings accounts.
How Stock Yards Bank & Trust Company's Savings Rates Compare
Stock Yards Bank & Trust Company generally has above-average fees compared to other U.S. banks. At $3.00/month, Stock Yards Bank & Trust Company's checking account is less than great for those who need an easy checking account. Additionally, it has an overdraft fee of $35.00, which is on par with the national average. Stock Yards Bank & Trust Company unfortunately doesn't refund out-of-network ATM fees, meaning you will have to search for a Stock Yards Bank & Trust Company ATM or pay the fee.
Stock Yards Bank & Trust Company is a brick-and-mortar bank, with 37 total bank locations in Indiana, Kentucky and Ohio. 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 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 feedback from customers for its online presence. The Stock Yards Bank & Trust Company mobile app has been given a 3.2 out of 5 (out of 140 ratings on Apple and Android) compared to the national average of 3.8. You can use Stock Yards Bank & Trust Company's app to manage your accounts by monitoring monthly statements, sending and receiving money and reaching support representatives. Stock Yards Bank & Trust Company receives a superb consumer satisfaction score due to relatively few complaints brought to 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 and owns assets totaling $3 billion as well as deposits totaling $3 billion. Stock Yards Bank & Trust Company has an excellent Texas Ratio of 2.66%, denoting that the bank is in terrific financial well-being and unlikely to fail. 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||0.25% APY||$1|
|Checking Account||0.2% APY||$1|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Account||0.4% APY||$10000|
Stock Yards Bank & Trust Company offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Stock Yards Bank & 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. 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 physical branches in the U.S.Back to Overview