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The Bank of Edwardsville Review

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The Bank of Edwardsville Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1868, The Bank of Edwardsville has assets totaling $2 billion as well as $2 billion in deposits, classifying the institution as a large bank. The Bank of Edwardsville, whose headquarters are in Edwardsville, Illinois, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With a score 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 offers a varied selection of product offerings, including 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 ordinary checking account does not have a monthly fee. Institutions that offer no-fee checking, in addition to a high savings APY are the best bet for gaining the most income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

The Bank of Edwardsville has a savings rate of 0.05%, which is fair compared to the national average. The Bank of Edwardsville's CDs feature a rate of 0.30% and 2.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.05%. Given The Bank of Edwardsville's 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 Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

The Bank of Edwardsville generally has extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. The Bank of Edwardsville unfortunately does not refund out-of-network ATM fees, which means you'll be required to locate a The Bank of Edwardsville 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

SmartAsset Average: 3.7

The Bank of Edwardsville is a brick-and-mortar bank, with 20 total branches in Illinois and Missouri. With mobile and web apps, The Bank of Edwardsville makes account access straightforward, even on the go. 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 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 positive scores from users. The The Bank of Edwardsville mobile app is rated at 4.6 out of 5 (with 1,200 customer reviews on iOS and Android) compared to the national average of 3.8. The Bank of Edwardsville's mobile app lets you manage your funds by looking at account balances, transferring funds as well as accessing support representatives. The Bank of Edwardsville receives a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

The Bank of Edwardsville is currently a large bank and manages assets totaling $2 billion and $2 billion in deposits. The Bank of Edwardsville's Texas Ratio is 2.07%, suggesting a low chance 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.

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Compare The Bank of Edwardsville to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.65% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.40% APY
  • 60 Month: 2.50% APY
$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 that provide you with 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 as compared against the national average.

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Find a The Bank of Edwardsville Near Me

The Bank of Edwardsville has 20 branches in the U.S.

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