Better Banks CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

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Today's 12-month CD rates can be found at 4.00%, 6-month CD rates at 0.01% and 3-month CD rates at 2.00%. Current savings rates are at 0.05% and money market rates are at 1.21%. Mortgage rates today on 30-year fixed loans are around 7.04%. Credit Card rates are at 10.15%. Personal Loan rates are at 11.04%. All these rates, and more, can be found in our database of rates. Better Banks's savings rates are at 0.10%. Better Banks's 30-Year Fixed rates are at 6.62%, 15-Year Fixed rates are at 6.50%.

Better Banks

To see how these rates compare to Better Banks CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Better Banks, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with Better Banks CD rates. You can also compare Better Banks savings rates, MMA rates and mortgage rates using our other rate lists.

Better 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 Ratio

Better Banks's Texas Ratio is at 19.41%, which is considered excellent. 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.

Overall, Better Banks is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
N/A
18-Month CD
N/A
24-Month CD
N/A
36-Month CD
N/A
48-Month CD
N/A
60-Month CD
N/A
Savings
0.10%
MMA
N/A
30-Year Fixed
6.70%
Credit Card
N/A
Personal Loan
N/A
Better Banks
10225 N Knoxville Ave
Peoria, IL 61615
Member FDIC
MonitorBankRates' Rating
5/5
★★★★★

Better Banks CD Rates and Interest Rates

Bank
Product
APY
Min Dep
Better Banks
Better Banks
Checking
2.00%
$0
Better Banks
Better Banks
Better Savings
0.10%
$0

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Better Banks Mortgage Rates

Lender
Product
Rate
APR
Points
Better Banks
Better Banks
15-Year Fixed
6.500%
6.629%
0.000
Better Banks
Better Banks
30-Year Fixed
6.625%
6.704%
0.000

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Compare Better Banks Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
OAB One American Bank
OAB One American Bank
6-Month CD
4.52%
$500
Bank of Fayette County
Bank of Fayette County
9-Month CD
4.27%
$1,000
Abbey Credit Union
Abbey Credit Union
12-Month CD
4.10%
$500
Spring Bank Brookfield, WI
Spring Bank Brookfield, WI
12-Month CD
4.00%
$1,000
Garden Plain State Bank
Garden Plain State Bank
24-Month CD
3.80%
$1,000
Apple Federal Credit Union
Apple Federal Credit Union
36-Month CD
3.75%
$500
First United Bank Dimmitt, TX
First United Bank Dimmitt, TX
12-Month CD (Jumbo)
3.70%
$100,000
Citizens Federal S&LA
Citizens Federal S&LA
18-Month CD
3.69%
$500
Ashton State Bank
Ashton State Bank
18-Month CD
3.69%
$1,000
F&M Union Bank
12-Month CD
3.68%
$1,000
F&M State Bank Winterset, IA
F&M State Bank Winterset, IA
60-Month CD (Jumbo)
3.50%
$100,000
First Bank of Central Ohio
First Bank of Central Ohio
18-Month CD
3.50%
$500
The MINT National Bank
The MINT National Bank
24-Month CD
3.50%
$10,000
City Credit Union
City Credit Union
60-Month CD
3.50%
$1,000
Bank of Rantoul
Bank of Rantoul
60-Month CD
3.44%
$500
First National Bank of Clarksdale
First National Bank of Clarksdale
Investment Checking
3.25%
$200,000
Camp Grove State Bank
Camp Grove State Bank
36-Month CD
3.05%
$1,000
Union Federal S&L
24-Month CD
3.03%
$200
Farmers State Bank of Newcastle
Farmers State Bank of Newcastle
Super NOW Checking
3.00%
$50,000
Franklin SB Franklin, NH
Franklin SB Franklin, NH
24-Month CD
3.00%
$2,000
E-Trade
E-Trade
Max-Rate Checking
3.00%
$0
First National Bank VA
First National Bank VA
18-Month CD
2.83%
$500
Bank of Burlington
Bank of Burlington
6-Month CD
2.78%
$1,000
First Fidelity Bank Fort Payne, AL
First Fidelity Bank Fort Payne, AL
36-Month CD
2.52%
$1,000
UCB Milford, IA
UCB Milford, IA
18-Month CD
2.42%
$1,000
Genoa Community Bank
Genoa Community Bank
18-Month CD
2.30%
$500
Security Bank Laurel, NE
Security Bank Laurel, NE
60-Month CD
2.27%
$1,000
Timberland Bank
Timberland Bank
36-Month CD
2.17%
$500
State Bank of Industry
State Bank of Industry
36-Month CD
2.02%
$1,000
First Federal S&L Newark, OH
First Federal S&L Newark, OH
48-Month CD
2.01%
$500
United Savings Bank Philadelphia, PA
United Savings Bank Philadelphia, PA
36-Month CD
2.00%
$1,000
JTNB
JTNB
24-Month CD
1.75%
$1,000
First National Bank of Clarksdale
First National Bank of Clarksdale
60-Month CD
1.50%
$500
Conway National Bank (CNB)
Conway National Bank (CNB)
6-Month CD
1.30%
$500
F&M Bank Laotto, IN
F&M Bank Laotto, IN
24-Month CD
1.26%
$500
William Penn Bank
William Penn Bank
18-Month CD
1.01%
$500
First Bank Waverly, IA
First Bank Waverly, IA
Grow With Me Savings
1.00%
$0
First Hope Bank
First Hope Bank
36-Month CD
1.00%
$2,500
Farmers and Merchants Bank Milford, NE
Farmers and Merchants Bank Milford, NE
Money Market
0.50%
$75,000
Municipal Bank
Municipal Bank
18-Month CD
0.45%
$1,000
Savings Bank of Danbury
Savings Bank of Danbury
36-Month CD
0.45%
$500
Conneaut Savings Bank
Conneaut Savings Bank
48-Month CD
0.35%
$1,000
Peoples Bank Coldwater, KS
Peoples Bank Coldwater, KS
Passbook Savings
0.25%
$50
Warsaw Federal S&L
12-Month CD
0.25%
$500
Heartland State Bank Edgeley, ND
Heartland State Bank Edgeley, ND
Statement Savings
0.20%
$25
Webster Five Cents Savings Bank
Webster Five Cents Savings Bank
Partner Savings
0.20%
$10
Community Bank Topeka, KS
Community Bank Topeka, KS
12-Month CD
0.15%
$1,000
First Commonwealth Bank
First Commonwealth Bank
30-Month CD
0.15%
$500
North Country Savings Bank
North Country Savings Bank
18-Month CD
0.10%
$1,000
Flanagan State Bank
Flanagan State Bank
Regular Savings
0.05%
$50
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Better Banks Mortgage Rates

Lender
Product
Rate
APR
Points
3.990%
4.357%
0.750
4.250%
4.514%
0.750
4.500%
4.685%
0.750
5.125%
5.230%
0.000
5.560%
5.250%
0.000
15 Year Fixed
5.300%
5.390%
0.000
5.250%
5.491%
0.000
5.300%
5.518%
0.000
5.375%
5.525%
0.750
5.500%
5.614%
0.000
5.500%
5.654%
0.000
30-Year Fixed
5.560%
5.730%
0.000
5.750%
5.756%
0.000
15-Year Fixed
5.500%
5.785%
0.000
5.750%
5.793%
0.000
5.625%
5.797%
0.000
5.750%
5.801%
0.000
5.750%
5.801%
0.000
15-Year Fixed
5.750%
5.806%
0.000
10-Year Fixed (Power Rate)
5.500%
5.814%
0.000
5.500%
5.820%
0.000
5.750%
5.832%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Better Banks Information

Better Banks
10225 N Knoxville Ave
Peoria, IL 61615
Peoria
Established Date: 01/01/1898
FDIC Certificate #: 1808
Date of FDIC Deposit Insurance: 01/01/1934
Bank Holding Company: BACKLUND INVESTMENT CO
How Many Domestic U.S. Offices? 10
How Many Branches are There? 10
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

Better Banks Financials

Total Assets:
$458,914,000
Total Deposits:
$430,286,000
Equity Capital:
$25,906,000
Domestic Deposits:
$430,286,000
Net Income:
$645,000
Return on Assets:
0.7168%
Quarterly Return on Assets:
0.5600%
Pretax Return on Assets:
0.5747%
Pretax Quarterly Return on Assets:
0.5700%
Return on Equity:
14.4900%
Quarterly Return on Equity:
9.9600%
Common Equity Tier 1 Capital Ratio:
12.2777%
Tier 1 Risk-Based Capital Ratio:
12.2777%
Leverage Tier 1 (Core Capital) Ratio:
8.1661%
Total Risk-Based Capital Ratio (YTD):
13.5291%
Total Interest Income (YTD):
3.8845%
 
 
Headquarters:
Peoria
FDIC Field Office:
Princeton
Regulator:
FDIC
County:
Peoria
# of Offices:
10
Metropolitan Statistical Area (MSA):
Peoria, IL
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:
Central
FDIC Region:
Chicago
Source: FDIC Last Updated 03/31/2024

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