Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Stock Yards Bank & Trust Company Review

Your Details Done
by Updated
Stock Yards Bank & Trust Company Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

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.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

4.2
SmartAsset Average: 3.5

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 Savings 0.25 National Average 0.26 Compare Offers
Back to Overview

Fees

3.8
SmartAsset Average: 4.4

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.

Monthly Fee $3.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
Back to Overview

Service Quality

3.5
SmartAsset Average: 3.7

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.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

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

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 2.05% APY
  • 36 Month: 2.15% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.75% APY
$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
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure