Better Banks Rates and Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Better Banks's 8-Month CD rates are at 3.42%, 8-Month CD Specials rates are at 3.42%, 91 Days CD Specials rates are at 2.02%. Better Banks's savings rates are at 0.10%. Better Banks's 15 Year Fixed rates are at 5.62%, 15 Year Fixed Rate rates are at 0.00%, Mortgage rates are at 5.62%, 30 Year Fixed rates are at 5.88%. MonitorBankRates evaluates the financial stability of Better Banks with a 4.8 Star Rating, an B+ Overall Health Grade, and a Texas Ratio of 17.62%. Rates were last updated on 03/03/2026.
Rate Updates and AvailabilityBetter Banks money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Better Banks? Share your experience about Better Banks by leaving a review below, or read customer reviews before you decide to use Better Banks. Better Banks Texas RatioBetter Banks's Texas Ratio is at 17.62%, which is considered good. The Texas Ratio for Better Banks is higher than the national average of all banks, currently at 6.13%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing. MonitorBankRates Rating
4.8
Excellent
Out of 5.0 Stars
Better Banks has earned a Smart Rating of 4.8 out of 5 stars. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Overall, Better Banks is a excellent bank worth considering, with an overall rating of 4.8 stars out of 5 stars. Overall Health & Safety Grade
B+
Good Health
Score: 89/100
Better Banks has earned an overall safety grade of B+. This proprietary letter grade is calculated by combining the institution's Star Rating with its Texas Ratio, providing a straightforward indicator of its financial stability and reliability. Current Interest RatesRate
APY/APR
vs. Avg
"N/A" indicates the product is not offered or the rate is unavailable. Rates Last Updated: 03/03/2026 
Better Banks CD Rates
Better Banks Savings Rates
Better Banks Mortgage Rates
Better Banks Home Equity & HELOC
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Better Banks is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Better Banks rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Better Banks's official website for the most current offers and terms.
Bank Profile & OverviewBetter Banks
10225 N Knoxville AvePeoria, IL 61615 Peoria Established Date: 01/01/1898 FDIC Certificate #: 1808 Date of FDIC Deposit Insurance: 01/01/1934 Bank Holding Company: BACKLUND INV EMPLOYEE STK OWNERSHIP PLAN How Many Domestic U.S. Offices? 10 How Many Branches are There? 10 Website: https://www.betterbanks.com
Is Better Banks FDIC Insured? Yes
What is Better Banks's Cert number? 1808
What is the maximum amount for insured deposits? $250,000 per holder, per account
Financial Health & AssetsMonitorBankRates Star Rating:
4.8 / 5.0 ★
Overall Health & Safety Grade:
B+ (89/100)
Texas Ratio:
17.62%
Return on Assets (ROA):
0.7168%
Return on Equity (ROE):
14.4900%
Non-Performing Loans (NPL):
0.63%
Total Assets:
$433,168,000
Total Deposits:
$394,804,000
Equity Capital:
$35,036,000
Net Income:
$4,119,000
Headquarters:
Peoria
Regulator:
FDIC
# of Offices:
10
Source: FDIC | Last Updated 12/31/2025
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Frequently Asked Questions About Better BanksHow do I open an account at Better Banks?You can typically open an account at Better Banks by visiting a local branch or applying through their official website. Is there a first-time homebuyer program?Currently, Better Banks provides a range of mortgage and home equity products. Is Better Banks a safe place to deposit money?Yes, Better Banks is considered a safe financial institution. Your accounts are federally insured by the FDIC up to $250,000 per depositor. Does Better Banks offer online and mobile banking?Most modern institutions like Better Banks provide digital access including online balance checks and transfers. Compare to other Banks |
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