The Bank of Edwardsville first started operating in 1868 and its headquarters are located in Edwardsville, Illinois. It handles $2 billion in assets as well as $2 billion in deposits, classifying it as a large bank. The Bank of Edwardsville 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. At a SmartAsset rating of 4.3 out of 5 stars, The Bank of Edwardsville should be solidly in contention for your choice of bank. The Bank of Edwardsville provides customers with a full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. The Bank of Edwardsville has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Bank of Edwardsville's most basic checking does not have a monthly maintenance fee. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best bet for returning the most income from your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
The Bank of Edwardsville has a savings rate of 0.05%, which is poor compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.30% and 2.50%, respectively, while its highest-yielding money market account earns at an APY of 0.05%. Given its noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.
How The Bank of Edwardsville's Savings Rates Compare
The Bank of Edwardsville charges customers extremely low fees as compared against the national average. The Bank of Edwardsville's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. The Bank of Edwardsville unfortunately does not refund out-of-network ATM charges, which means you'll have to search for a The Bank of Edwardsville ATM or accept the withdrawal fee.
The Bank of Edwardsville is a brick-and-mortar bank, with 20 total branches in Illinois and Missouri. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 6:00 p.m. CT; Saturday, and 8:00 a.m. to 1:00 p.m. CT. The Bank of Edwardsville's online and mobile banking platforms receive high marks from customers. The The Bank of Edwardsville mobile app has an overall rating of 4.6 out of 5 (with 1,200 customer reviews on Apple and Android) compared to the national average of 3.8. You can access The Bank of Edwardsville's app to manage your finances by checking account balances, sending and receiving money as well as reaching support representatives. The Bank of Edwardsville gets a superb consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
The Bank of Edwardsville ranks as a large bank with $2 billion in assets as well as $2 billion in deposits. The Bank of Edwardsville has an excellent Texas Ratio of 2.07%, indicating a negligible probability of failure. Additionally, The Bank of Edwardsville 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 The Bank of Edwardsville to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$1|
|Checking Account||0.05% APY||$2500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.05% APY||$1|
The Bank of Edwardsville has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Bank of Edwardsville does not have the best savings rate, which means you should consider other options 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 of Edwardsville's CD rates are fair in comparison to the national average.Back to Overview
Find a The Bank of Edwardsville Near Me
The Bank of Edwardsville has 20 physical branches across the U.S.Back to Overview