What are the current interest rates at Better Banks?

Current rates for Better Banks include: 12-Month CD: 3.79%, Savings: 0.10%

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Better Banks Rates & Review October 2026

Q: How many branches does Better Banks operate?

Better Banks currently maintains approximately 9 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Better Banks does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Better Banks provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 14, 2026

Better Banks's top rates as of October 14, 2026 are 3.79% APY on its CD Specials - 13-Month, 0.10% APY on savings, 2.00% APY on checking, and 7.50% on its Mortgage 30 Year Fixed, according to rates verified by MonitorBankRates. Other Better Banks CD rates include CD Specials - 91 Days at 2.02%. Other Better Banks mortgage rates include Mortgage 15 Year Fixed at 7.50%. MonitorBankRates evaluates the financial stability of Better Banks with a 5.0 Star Rating, an A- Overall Health Grade, and a Texas Ratio of 14.33%. Rates last updated and verified on 10/14/2026.

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.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A-

Very Good Health Score: 93/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

14.33%

Excellent Higher than avg

Health Trend

Improving 12 quarters

Full history ›

Better Banks

10225 N Knoxville Ave
Peoria, IL 61615

https://www.betterbanks.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Better Banks CD Rates

Product	Rate	APY	Term
CD Specials - 13 Month	3.75%	3.79%	13 Month
Min Deposit $1,000 Details CD Special; Rates effective February 26, 2026 Last Updated 10/14/2026 Rate History No change since Oct 8, 2026 · 3.79% APY · checked 3 times Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%
CD Specials - 91 Days	2.00%	2.02%	91 Days
Min Deposit $1,000 Details CD Special; Rates effective February 26, 2026 Last Updated 10/14/2026 Rate History No change since Oct 8, 2026 · 2.02% APY · checked 3 times Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%

Better Banks Savings Rates

Product	Rate	APY	View More
Better Savings	0.10%	0.10%
No additional details. Last Updated 10/14/2026 Rate History No change since Sep 14, 2026 · 0.10% APY · checked 9 times Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%

Better Banks Checking Rates

Product	Rate	APY	View More
Personal Checking - Better Interest	1.985%	2.00%
Min Balance $0 Details Qualifications Required; Balance: $0.00 - $10,000.00; All balances earn between 2.00%-.15% APY as long as qualifications are met Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 2.00% APY Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%

Better Banks Mortgage Rates

Product	Rate	Points	APR	Term
Mortgage 30 Year Fixed	7.50%	-	7.584%	30 Year
Details Rates effective as of 10/14/2026; APR shown for 30-Year Fixed mortgage loan Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 7.58% APR Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%
Mortgage 15 Year Fixed	7.50%	-	7.634%	15 Year
Details Rates effective as of 10/14/2026; APR shown for 15-Year Fixed mortgage loan Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 7.63% APR Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%

Better Banks Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity Line Of Credit (HELOC)	6.75%	-	7.00%	7 Year Variable
Details Home Equity Line of Credit; APR shown for the 7-Year Variable HELOC; rates effective as of 10/14/2026 Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 7.00% APR Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%

Better Banks Other Rates

Product	Rate	Points	APY/APR	Term	View More
Better Interest	-	-	2.00%
Min Deposit $100 Details Qualifications Required; Balance: $.01 - $10,000.00; Qualifying balance up to $10,000.00; No minimum balance; No monthly service charge; Personal accounts only Last Updated 10/14/2026 Rate History 1 change since Sep 14, 2026 · 0.03% → 2.00% ▲ 1.97 pts · high 2.00% / low 0.03% Oct 14, 20262.00%▲ from 0.03% Sep 14, 20260.03%first recorded Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 14.33%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Better Banks’s Texas Ratio fell from 17.62% in Q3 2023 to 14.33% in Q2 2026, so its financial health has improved over the past 12 quarters. Over the same period its Star Rating moved from 2.4 to 5.0 and its Health Grade from D to A-. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$446M	14.33%	5.0	A-
March 31, 2026	$426M	11.89%	5.0	A
December 31, 2025	$433M	12.78%	5.0	A
September 30, 2025	$438M	14.64%	5.0	A-
June 30, 2025	$427M	17.40%	4.8	B+
March 31, 2025	$431M	17.17%	4.8	B+
December 31, 2024	$443M	17.61%	4.6	B+
September 30, 2024	$446M	17.30%	4.7	B+
June 30, 2024	$461M	9.87%	3.9	B
March 31, 2024	$459M	15.32%	3.6	C+
December 31, 2023	$465M	14.44%	3.6	C+
September 30, 2023	$457M	17.62%	2.4	D

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates 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 & Overview

Institution Name Better Banks

Bank Holding Company BACKLUND INV EMPLOYEE STK OWNERSHIP PLAN

Address 10225 N Knoxville Ave, Peoria, IL 61615 · Peoria

Website https://www.betterbanks.com

FDIC Certificate # 1808

Established 18980101

FDIC Insurance Date 19340101

Domestic Offices 9

Total Branches 9

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A-

Overall Health Grade Score: 93/100

5.0

Exceptional Out of 5.0 Stars

14.33%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.1358%

Return on Equity (ROE) 14.1300%

Non-Performing Loans (NPL) 1.05%

Total Assets $445,751,000

Total Deposits $406,951,000

Equity Capital $35,497,000

Net Income $2,470,000

Headquarters Peoria

Total Branches and Offices 9

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Better Banks earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

<a href="https://www.monitorbankrates.com/banks/better-banks-rates-review-1808">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

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Frequently Asked Questions About Better Banks

How many branches does Better Banks operate?

Better Banks currently maintains approximately 9 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Better Banks does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Better Banks provides members with tools to manage their accounts and build a solid financial history.

Does Better Banks offer online and mobile banking?

Most modern institutions like Better Banks provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.betterbanks.com.