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The Evangeline Bank and Trust Company Review

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The Evangeline Bank and Trust Company Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1933, The Evangeline Bank and Trust Company has assets totaling $548 million along with deposits totaling $442 million, which makes the institution a medium-size bank. The Evangeline Bank and Trust Company, whose headquarters are in Ville Platte, Louisiana, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, The Evangeline Bank and Trust Company is an excellent bank that warrants a strong look, with a rating of 4.6 out of 5 stars from our team. The Evangeline Bank and Trust Company offers a varied selection of product offerings, including 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 Evangeline Bank and Trust Company's standard checking account does not have a monthly fee. Institutions that offer no-fee checking as well as a high savings APY are the best bet for accruing the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.6/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

The Evangeline Bank and Trust Company has a savings rate of 0.40%, which is fair in comparison to other U.S. banks. The Evangeline Bank and Trust Company's one-year CD has a rate of 1.55% and the five-year CD has a rate of 2.85%, while its highest-yielding money market account earns at an APY of 0.10%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How The Evangeline Bank and Trust Company's Savings Rates Compare

The Evangeline Bank and Trust Company Savings 0.40 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The Evangeline Bank and Trust Company generally has extremely low fees in comparison to other U.S. banks. With no monthly fee, The Evangeline Bank and Trust Company's checking account is ideal for people who want an easy checking account. The Evangeline Bank and Trust Company unfortunately does not reimburse out-of-network ATM fees, which means you'll have to search for a The Evangeline Bank and Trust Company ATM or eat the ATM charge.

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

4.4
SmartAsset Average: 3.7

The Evangeline Bank and Trust Company is a brick-and-mortar bank, with eight total branches in Louisiana. With mobile and web apps, The Evangeline Bank and Trust Company makes account access convenient, even on the go. The Evangeline Bank and Trust Company's online and mobile banking platforms receive great feedback from customers. Out of 13 customer reviews on both iOS and Android platforms, the The Evangeline Bank and Trust Company mobile app is scored at 4.8 out of 5 (compared to the national average of 3.8). The Evangeline Bank and Trust Company's mobile app lets you control your funds by looking at account balances, transferring funds and accessing customer service. The Evangeline Bank and Trust Company gets a superb consumer satisfaction score based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

The Evangeline Bank and Trust Company ranks as a medium-size bank owning $548 million in assets and $442 million in deposits. Its Texas Ratio is 6.28%, indicating a small possibility of failure. Additionally, The Evangeline Bank and 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

6.28%
High Risk 75% 50% 20% 10% Low Risk

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 Evangeline Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $100
Certificates of Deposit
  • 12 Month: 1.55% APY
  • 24 Month: 2.40% APY
  • 36 Month: 2.55% APY
  • 60 Month: 2.85% APY
$500 for all terms
Money Market Account 0.1% APY $2500

The Evangeline Bank and Trust Company 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 Evangeline Bank and Trust Company 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 Evangeline Bank and Trust Company's CD rates are fair in comparison to the average U.S. bank.

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Find a The Evangeline Bank and Trust Company Near Me

The Evangeline Bank and Trust Company has eight physical locations across the U.S.

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