Better Banks is headquartered in Peoria and is the 151st largest bank in the state of Illinois. It is also the 2,360th largest bank in the nation. It was established in 1898 and as of June of 2016, it had grown to 65 employees at 7 locations. Better Banks has an A health rating.
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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!
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1808 |
| Year Established | 1898 |
| Employees | 65 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 9.62% |
| Annual Interest Income | $4.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $274.4MM$260.5MM |
| Loans | Q2 2016vs Q2 2015 | $173.6MM$147.5MM |
| Deposits | Q2 2016vs Q2 2015 | $248.3MM$229.7MM |
| Equity Capital | Q2 2016vs Q2 2015 | $25.0MM$23.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.2MM$1.0MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $51.00K$594.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $10k | Better Interest Checking | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
| Better Banks Locations | ||
|---|---|---|
| Better Banks | 10225 North Knoxville Avenue | Peoria, IL 61615 |
| Bartonville Facility | 1204 West Garfield Avenue | Bartonville, IL 61607 |
| Farmers State Bank Branch | 122 West Broadway | Astoria, IL 61501 |
| Wyoming Bank & Trust Company - Branch | 200 West Williams Street | Wyoming, IL 61491 |
| Bartonville Bank Branch | 5600 South Adams Street | Bartonville, IL 61607 |
| Dunlap Branch | 201 North 2nd Street | Dunlap, IL 61525 |
| 900 North 4th Street Branch | 900 North Fourth Street | Chillicothe, IL 61523 |