Better Banks

Overview / Commentary
10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in PEORIA and is the 111th largest bank in the state of Illinois. It is also the 1,891st largest bank in the nation. It was established in 1898 and as of March of 2024, it had grown to 79 employees at 10 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 - YTD0.56%
Return on Equity - YTD9.96%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$458.9MM$441.7MM
LoansQ1 2024vs Q1 2023$283.6MM$259.8MM
DepositsQ1 2024vs Q1 2023$430.3MM$417.2MM
Equity CapitalQ1 2024vs Q1 2023$25.9MM$22.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.8MM$4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3MM$3.1MM
Real Estate OwnedQ1 2024vs Q1 2023$1MM$1MM
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 Savings Account Rates

0.10%$0-Better Savings

Better Banks Checking Account Rates

2.00%*$0$10kBetter Interest Checking
OTHER TIERS: 0.15% $10k+

Better Banks CD Rates

4.53%$1k-8 Month CD Special
2.02%$1k-91 Day CD Special

Cities: Astoria, Bartonville, Chillicothe, Dunlap, Glasford, Mapleton, Morton, Peoria, Wyoming

Astoria Branches
Farmers State Bank Branch122 West BroadwayAstoria, IL 61501

Bartonville Branches
Bartonville Facility1204 West Garfield AvenueBartonville, IL 61607
Bartonville Bank Branch5600 South Adams StreetBartonville, IL 61607

Chillicothe Branches
900 North 4th Street Branch900 North Fourth StreetChillicothe, IL 61523

Dunlap Branches
Dunlap Branch201 North 2nd StreetDunlap, IL 61525

Glasford Branches
Glasford Main Branch305 W Main StGlasford, IL 61533

Mapleton Branches
Mapleton Branch10045 West Lancelot DriveMapleton, IL 61547

Morton Branches
Morton Branch805 West Jackson StreetMorton, IL 61550

Peoria Branches
Better Banks10225 N Knoxville AvePeoria, IL 61615

Wyoming Branches
Wyoming Bank & Trust Company - Branch200 West Williams StreetWyoming, IL 61491

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.