Better Banks

Overview / Commentary
10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in Peoria and is the 116th largest bank in the state of Illinois. It is also the 2,022nd largest bank in the nation. It was established in 1898 and as of December of 2021, it had grown to 73 employees at 8 locations. Better Banks has a B+ health rating.

Reviews (1)

Must Be Qualified To Sell

I tried to sell a rental property to an individual who was using Better Banks. Apparently it is policy to ask the seller for the sellers tax returns to see if the buyer is going to qualify to purchase the property. Even after being provided the traditional P&L, they still wanted information they weren't supposed to have. Very odd, beware!


Health Grade Components

FDIC Certificate #1808
Year Established1898
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD12.64%
Annual Interest Income$12.5MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$411.3MM$352.9MM
LoansQ4 2021vs Q4 2020$244.9MM$213.6MM
DepositsQ4 2021vs Q4 2020$377.4MM$319.1MM
Equity CapitalQ4 2021vs Q4 2020$32.3MM$32.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$3.0MM$2.6MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$1.6MM$1.7MM
Real Estate OwnedQ4 2021vs Q4 2020$1.0MM$1.0MM
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Better Banks; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Better Banks Checking Account Rates

2.00%*-$10kBetter Interest Checking
OTHER TIERS: 0.25% $10k+

Better Banks CD Rates

0.30%$1k-23 Month CD Special
0.15%$1k-10 Month CD Special
0.10%$1k-5 Month CD Special

Better Banks Locations
Better Banks10225 North Knoxville AvenuePeoria, IL 61615
Bartonville Facility1204 West Garfield AvenueBartonville, IL 61607
Farmers State Bank Branch122 West BroadwayAstoria, IL 61501
Wyoming Bank & Trust Company - Branch200 West Williams StreetWyoming, IL 61491
Bartonville Bank Branch5600 South Adams StreetBartonville, IL 61607
Dunlap Branch201 North 2nd StreetDunlap, IL 61525
900 North 4th Street Branch900 North Fourth StreetChillicothe, IL 61523
Morton Branch805 West Jackson StreetMorton, IL 61550

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.