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

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Today's 12-month CD rates can be found at 1.00%, 6-month CD rates at 4.58% and 3-month CD rates at 2.50%. Current savings rates are at 0.25% and money market rates are at 2.00%. Mortgage rates today on 30-year fixed loans are around 6.99%. Credit Card rates are at 7.90%. Personal Loan rates are at 6.46%. All these rates, and more, can be found in our database of rates. Better Banks's 8-Month CD rates are at 4.03%, 3-Month CD rates are at 2.02%. Better Banks's savings rates are at 0.10%. Better Banks's 15-Year Fixed rates are at 6.88%, 30-Year Fixed rates are at 6.88%.

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 21.58%, which is considered excellent. The Texas Ratio for Better Banks is higher than the national average of all banks, currently at 6.24%. 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
7.02%
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
8-Month CD
4.03%
$1,000
Better Banks
Better Banks
Checking Account $10k or Less
3.00%
$0
Better Banks
Better Banks
3-Month CD
2.02%
$1,000
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
30-Year Fixed
6.875%
7.017%
0.000
Better Banks
Better Banks
15-Year Fixed
6.875%
7.105%
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
Blue Foundry Bank
Blue Foundry Bank
Blue Axis Edge Savings
5.00%
$0
Randolph Brooks FCU
Randolph Brooks FCU
12-Month CD
4.60%
$1,000
Colorado Federal Savings Bank
Colorado Federal Savings Bank
36-Month CD
4.40%
$5,000
FNB of Litchfield
FNB of Litchfield
24-Month CD
4.05%
$1,000
University Federal Credit Union
University Federal Credit Union
3-Month CD
4.00%
$1,000
Access Bank
Access Bank
60-Month CD
4.00%
$1,000
Acme Continental Credit Union
Acme Continental Credit Union
36-Month CD share certificate
3.81%
$1,000
First Community Bank, Xenia-Flora
First Community Bank, Xenia-Flora
30-Month CD
3.80%
$500
Bellevue State Bank
Bellevue State Bank
24-Month CD
3.79%
$2,500
Merchants Bank of Indiana
Merchants Bank of Indiana
12-Month CD
3.72%
$1,000
Ergo Bank
Ergo Bank
24-Month CD
3.53%
$500
Hinsdale Bank & Trust Company
Hinsdale Bank & Trust Company
26-Month CD
3.50%
$1,000
121 Financial Credit Union
121 Financial Credit Union
60-Month CD
3.40%
$500
Kish Bank
Kish Bank
60-Month CD
3.35%
$2,000
United Valley Bank
United Valley Bank
36-Month CD
3.00%
$500
Mercer County State Bank
36-Month CD (IRA)
2.96%
$50
State Bank of Industry
State Bank of Industry
60-Month CD
2.78%
$1,000
Main Bank
Main Bank
60-Month CD
2.75%
$1,000
Citizens State Bank Moundridge, KS
36-Month CD
2.60%
$1,000
Community Bank Bristow, OK
Community Bank Bristow, OK
36-Month CD
2.52%
$1,000
MidCountry Bank
MidCountry Bank
36-Month CD
2.52%
$10,000
Oostburg State Bank
Oostburg State Bank
24-Month CD
2.52%
$1,000
State Bank Spirit Lake, IA
State Bank Spirit Lake, IA
24-Month CD
2.52%
$1,000
American Bank, N.A. Le Mars, IA
American Bank, N.A. Le Mars, IA
Money Market
2.35%
$1,000
First National Bank of Clarksdale
First National Bank of Clarksdale
Money Market
2.25%
$1,000
Heritage Bank of St Tammany
Heritage Bank of St Tammany
60-Month CD
2.02%
$500
Bank of Edmonson County
Bank of Edmonson County
60-Month CD
2.02%
$500
Methuen Co-operative Bank
Methuen Co-operative Bank
18-Month CD
2.00%
$1,000
FSB of St. Charles, MO
FSB of St. Charles, MO
3-Month CD
1.75%
$1,000
Readlyn Savings Bank
Readlyn Savings Bank
24-Month CD
1.75%
$1,000
Madison Valley Bank
Madison Valley Bank
12-Month CD
1.60%
$500
American State Bank (TX)
American State Bank (TX)
48-Month CD
1.51%
$1,000
Centier Bank
Centier Bank
24-Month CD
1.50%
$1,000
MutualOne Bank
MutualOne Bank
24-Month CD
1.31%
$500
FNB of Brookfield
FNB of Brookfield
Presidents Checking
1.26%
$2,500
First Community Bank of Moultrie County
First Community Bank of Moultrie County
30-Month CD
1.25%
$500
First National Bank in Amboy
First National Bank in Amboy
12-Month CD
1.21%
$1,000
Cornhusker Bank
Cornhusker Bank
30-Month CD
1.11%
$1,000
Cornhusker Bank
Cornhusker Bank
18-Month CD
0.90%
$1,000
F&M Union Bank
Statement Savings
0.75%
$0
First FSB of Mascoutah
First FSB of Mascoutah
Money Market
0.50%
$1,000
Conneaut Savings Bank
Conneaut Savings Bank
12-Month CD relationship bonus
0.30%
$1,000
The Bank of Elk River
The Bank of Elk River
Statement Savings
0.30%
$0
Citizens Savings Bank Clarks Summit, PA
Citizens Savings Bank Clarks Summit, PA
24-Month CD
0.30%
$1,000
First County Bank
First County Bank
12-Month CD
0.15%
$1,000
First Hawaiian Bank
First Hawaiian Bank
18-Month CD eCD
0.12%
$500
The Huntington National Bank
The Huntington National Bank
6-Month CD
0.10%
$1,000
Flanagan State Bank
Flanagan State Bank
Regular Savings
0.05%
$50
First State Bank (MI)
First State Bank (MI)
36-Month CD
0.05%
$1,000
Regions Bank
Regions Bank
60-Month CD
0.01%
$500
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
4.990%
5.287%
0.500
5.500%
5.614%
0.000
5.500%
5.716%
0.500
5.625%
5.777%
0.500
5.500%
5.820%
0.000
5.750%
5.834%
0.000
5.500%
5.868%
2.000
5.750%
5.883%
0.500
5.750%
5.886%
0.000
6.000%
5.892%
0.000
15-Year Fixed
5.750%
5.910%
0.000
5.870%
5.970%
0.000
15-Year Fixed Jumbo
5.875%
5.970%
0.000
5.950%
5.998%
0.000
6.000%
6.043%
0.000
15 Year Fixed
5.750%
6.046%
1.000
6.000%
6.056%
0.000
10-Year Power Rate Fixed
5.750%
6.068%
0.000
5.875%
6.071%
0.250
5.875%
6.079%
1.000
6.000%
6.084%
0.000
6.000%
6.084%
0.000
15-Year Power Rate Fixed
5.875%
6.101%
0.000
6.000%
6.121%
0.000
5.875%
6.121%
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:
$441,653,000
Total Deposits:
$417,191,000
Equity Capital:
$22,696,000
Domestic Deposits:
$417,191,000
Net Income:
$874,000
Return on Assets:
0.8998%
Quarterly Return on Assets:
0.7900%
Pretax Return on Assets:
0.8326%
Pretax Quarterly Return on Assets:
0.8300%
Return on Equity:
15.2600%
Quarterly Return on Equity:
15.6400%
Common Equity Tier 1 Capital Ratio:
12.2548%
Tier 1 Risk-Based Capital Ratio:
12.2548%
Leverage Tier 1 (Core Capital) Ratio:
7.9469%
Total Risk-Based Capital Ratio (YTD):
13.4700%
Total Interest Income (YTD):
3.2905%
 
 
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

Explore Other Rate Deals

Current actions by The Bank of Japan (BOJ) will help force mortgage rates in the United States lower. The BOJ has started down an unprecedented path of stimulus by announcing their plan to purchase more than ¥100 trillion of Japanese government debt over the next two years. As a result of the BOJ's actions, investors are retreating from the Japanese bond market and looking for higher yields elsewhere in Europe and the United States.
credit-cards-atm-cards-and-debit-cards-what-to-do-if-your-cards-are-lost-or-stolenCredit Cards, ATM Cards and Debit Cards are widely used these days and are a convenient form of payment for purchases. Losing your cards or having your cards stolen is a hassle in general, having unauthorized charges on your accounts can make a bad situation worse.
finding-a-decent-savings-rate-these-daysSavings account rates and CD rates are so low these days, finding a decent rate is very challenging. Most variable rate accounts like savings accounts and money market accounts are paying rates under 1.50 percent.

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