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The Bank and Trust Review

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The Bank and Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1910, The Bank and Trust has assets totaling $423 million along with $359 million in deposits, ranking the institution as a medium-size bank. The Bank and Trust, whose headquarters are in Del Rio, Texas, lacks premium access to customer service, 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 out of 5 stars, The Bank and Trust is a respectable bank that gets the job done. The Bank and Trust offers a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The Bank and Trust has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Bank and Trust's ordinary checking account does not have a monthly fee. Finding a bank with free checking as well as a high interest rate savings account is the best option for gaining the highest income on your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.3
SmartAsset Average: 3.5

The Bank and Trust features a savings rate of 0.10%, which is poor as compared against the national average. Its CD rates are 0.85% and 1.10% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given The Bank and Trust's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How The Bank and Trust's Savings Rates Compare

The Bank and Trust Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The Bank and Trust typically has extremely low fees in comparison to the average U.S. bank. With no monthly fee, The Bank and Trust is perfect for those who want a simple checking account. The Bank and Trust unfortunately doesn't reimburse out-of-network ATM charges, which means you will need to search for a The Bank and Trust ATM or accept 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

2.5
SmartAsset Average: 3.7

The Bank and Trust is a brick-and-mortar bank, with seven total bank locations in Texas. With a mobile app, The Bank and Trust provides easy account access, even from home or work. The Bank and Trust gets an excellent consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

The Bank and Trust is currently a medium-size bank with assets totaling $423 million as well as deposits totaling $359 million. The Bank and Trust's Texas Ratio is 0.69%, denoting a low probability of failure. Additionally, The Bank and Trust 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.

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Compare The Bank and Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 0.95% APY
  • 36 Month: 1.05% APY
  • 48 Month: 1.05% APY
  • 60 Month: 1.10% APY
$500 for all terms
Money Market Account 0.15% APY $25000

The Bank and Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Bank and Trust does not have the best savings rate, which means you should think about 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. The Bank and Trust's CD rates are fair compared to other U.S. banks.

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Find a The Bank and Trust Near Me

The Bank and Trust has seven locations in the U.S.

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