Wheaton Bank & Trust started in 1993 and has its headquarters in Wheaton, Illinois. It has $2 billion in assets and $1 billion in deposits, making it a large bank. Wheaton Bank & Trust lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a commendable 4.1 out of 5 stars, Wheaton Bank & Trust proves it is a good bank that should be given a look. Wheaton Bank & Trust has a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly maintenance fee. Institutions that offer no-fee checking as well as a high interest rate savings account are the best bet for returning the highest income on your deposits while maintaining convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Wheaton Bank & Trust features a savings rate of 0.20%, which is fair in comparison to the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.35% and 1.15%, respectively, while its highest-yielding money market account has an APY of 0.30%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.
How Wheaton Bank & Trust's Savings Rates Compare
On average, Wheaton Bank & Trust charges its customers extremely low fees compared to the national average. Wheaton Bank & Trust's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is ideal because it has no out-of-network ATM fees. Wheaton Bank & Trust unfortunately does not refund out-of-network ATM charges, meaning you will be required to find a Wheaton Bank & Trust ATM or eat the cost of withdrawal.
Wheaton Bank & Trust is a brick-and-mortar bank, with seven total branches in Illinois. With mobile and web apps, Wheaton Bank & Trust makes account access easy, even on the go. Wheaton Bank & Trust's online and mobile banking platforms receive mediocre feedback from users. The Wheaton Bank & Trust mobile app scored a 3.1 out of 5 (with 27 customer reviews on Apple and Android) compared to the national average of 3.8. Wheaton Bank & Trust's mobile app lets you control your bank accounts by looking at monthly statements, sending and receiving funds as well as reaching customer service. Wheaton Bank & Trust receives a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Wheaton Bank & Trust is currently a large bank owning assets totaling $2 billion as well as deposits totaling $1 billion. Wheaton Bank & Trust has an excellent Texas Ratio of 4.27%, suggesting that the bank is in terrific financial shape and far from failure. Additionally, Wheaton Bank & 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.Back to Overview
Compare Wheaton Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$1|
|Checking Account||0.05% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.3% APY||$10000|
Wheaton Bank & 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. Wheaton Bank & Trust does not have the best savings rate, which means you should think about looking 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. Wheaton Bank & Trust's CD rates are fair compared to other U.S. banks.Back to Overview
Find a Wheaton Bank & Trust Near Me
Wheaton Bank & Trust has seven physical branches across the U.S.Back to Overview