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The Evangeline Bank and Trust Company 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 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 $548 million in assets along with deposits totaling $442 million, classifying it as a medium-size bank. The Evangeline Bank and Trust Company, whose headquarters are in Ville Platte, Louisiana, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset has rated the bank 4.6 out of 5 stars, suggesting The Evangeline Bank and Trust Company is an excellent bank that you should strongly consider. The Evangeline Bank and Trust Company offers a 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; other popular banks have higher rates. If you're looking for a checking account for everyday use, The Evangeline Bank and Trust Company's ordinary checking account does not have a monthly fee. Using a bank with free checking and a high savings APY is the best option for getting the highest income on your deposits while maintaining convenient access to your money.

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

With a savings rate of 0.40%, The Evangeline Bank and Trust Company ranks poorly in comparison to other U.S. banks. Its CDs feature a rate of 1.55% and 2.85% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.10%. Given its below average savings rate, you should think about taking a look at other banks for savings accounts.

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 has generally extremely low fees compared to the national average. With no monthly fee, The Evangeline Bank and Trust Company is perfect for people who want a simple banking experience. The Evangeline Bank and Trust Company doesn't reimburse out-of-network ATM charges, which means you will have to find a The Evangeline Bank and Trust Company ATM or pay 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 bank locations in Louisiana. With mobile and web apps, The Evangeline Bank and Trust Company makes account access straightforward, even on the go. The Evangeline Bank and Trust Company receives high praise from customers for its online presence. With 13 customer reviews across iOS and Android platforms, the The Evangeline Bank and Trust Company mobile app rates a 4.8 out of 5 (compared to the national average of 3.8). The Evangeline Bank and Trust Company's mobile app allows you to control your finances by monitoring monthly statements, sending and receiving money as well as accessing support representatives. The Evangeline Bank and Trust Company receives an exceptional consumer satisfaction rating based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 is a medium-size bank with $548 million in assets and deposits totaling $442 million. Its Texas Ratio is 6.28%, indicating that The Evangeline Bank and Trust Company is in fine financial condition and improbable to fail. 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: 2.55% APY
  • 36 Month: 2.55% APY
  • 60 Month: 2.85% APY
$500 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

The Evangeline Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you 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 compared to other U.S. banks.

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Find a The Evangeline Bank and Trust Company Near Me

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

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