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The Bank and Trust Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
The Bank and Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Bank and Trust first started operating in 1910 and is headquartered in Del Rio, Texas. It handles $423 million in assets as well as $359 million in deposits, ranking it as a medium-size bank. The Bank and Trust 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 apps. Overall, The Bank and Trust is a good bank that gets the job done, with a rating of 4.0 stars out of 5 from our experts. The Bank and Trust offers the full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, The Bank and Trust offers an option without a maintenance or monthly fee. Institutions that offer free checking as well as a high savings APY are the best bet for getting the most income from your deposits while having convenient 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 in comparison to other U.S. banks. The Bank and Trust's one-year and five-year term lengths CDs earn at a rate of 1.10% and 1.10%, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its below average savings rate, you should think about taking a look at other banks for savings accounts.

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 has generally extremely low fees compared to the national average. The Bank and Trust's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. The Bank and Trust unfortunately doesn't refund out-of-network ATM charges, which means you will be required to search for a The Bank and Trust ATM or eat 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 branches 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 outstanding consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 ranks as a medium-size bank and owns $423 million in assets as well as deposits totaling $359 million. The Bank and Trust's Texas Ratio is 0.69%, indicating a negligible likelihood 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: 1.10% APY
  • 24 Month: 1.20% APY
  • 36 Month: 1.30% APY
  • 48 Month: 1.05% APY
  • 60 Month: 1.10% APY
$500 for all terms
Money Market Accounts 0.15% APY 0.15% APY $10000 $15000

The Bank and Trust offers 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 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. The Bank and Trust's CD rates are fair in comparison to the national average.

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Find a The Bank and Trust Near Me

The Bank and Trust has seven branches across the U.S.

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