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Wintrust Bank Review

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Wintrust Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1994, Wintrust Bank has assets totaling $5 billion as well as $4 billion in deposits, ranking it as a large bank. Wintrust Bank, whose headquarters are in Chicago, Illinois, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.1 out of 5 stars, Wintrust Bank should be solidly in contention for your choice of bank. Wintrust Bank offers a variety of banking products, which include savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Wintrust Bank's most basic checking account does not carry a monthly maintenance fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same institution is your best bet for getting 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

With a savings rate of 0.10%, Wintrust Bank ranks poorly in comparison to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.15% and 0.95%, respectively, while its highest-yielding money market account has a rate of 0.10%. Given Wintrust Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How Wintrust Bank's Savings Rates Compare

Wintrust Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Wintrust Bank charges customers extremely low fees compared to the national average. Wintrust Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. For those who use cash often, Wintrust Bank is perfect because it has no out-of-network ATM fees. Wintrust Bank doesn't refund out-of-network ATM charges, which means you'll have to search for a Wintrust Bank ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Wintrust Bank is a brick-and-mortar bank, with 28 total bank locations in Illinois. With mobile and web apps, Wintrust Bank makes account access straightforward, even on the go. Wintrust Bank gets unsatisfactory marks from customers for its online presence. The Wintrust Bank mobile app scored a 3.0 out of 5 (with 82 reviews on iOS and Android) compared to the national average of 3.8. Wintrust Bank's mobile app allows you to manage your funds by reviewing monthly statements, transferring money as well as accessing customer service. Wintrust Bank gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Wintrust Bank ranks as a large bank with assets totaling $5 billion and $4 billion in deposits. Its Texas Ratio is 3.48%, signifying that Wintrust Bank is in terrific financial health and unlikely to fail. Additionally, Wintrust Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Wintrust Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $2500
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.15% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.45% APY
  • 48 Month: 0.60% APY
  • 60 Month: 0.95% APY
$1000 for all terms
Money Market Account 0.05% APY $1000

Wintrust Bank has several deposit products including savings accounts, checking accounts and money market accounts to give you many options to manage your money. Wintrust Bank does not have the best savings rate, which means you should consider 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. Wintrust Bank's CD rates are fair as compared against the national average.

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Find a Wintrust Bank Near Me

Wintrust Bank has 28 physical branches across the U.S.

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