Busey Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 5-year CD | 60 Month CD 2.25% - Ally Bank High Yield 5 Year CD |
| 0.20% | 1-year CD | 12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.01% | Savings | Everyday Savings 1.20% - Ally Bank Online Savings Account |
Busey Bank is headquartered in Champaign and is the 7th largest bank in the state of Illinois. It is also the 197th largest bank in the nation. It was established in 1946 and as of June of 2017, it had grown to 1,122 employees at 56 locations. Busey Bank has an A+ health rating.
Busey Bank: No Nonesense
I have been using Busey Bank since I was 16 years old. It was very easy to set up a checking and savings account, get debit cards, and bank online. The customer service is very helpful in most locations. Because they are opening up new branches, there are new tellers being added to the team, so sometimes the wait times are longer than expected, usually because there is a team member being trained or not knowledgeable yet about the procedure you've request them to do. Other than that, I have had no complaints. The fees are very reasonable, and they offer overdraft protection on some accounts, which is very helpful for checking accounts. I would recommend Busey Bank to anyone who wants a simple, no hassle banking experience.
Customer Evaluation of Busey Bank
I have been banking with Busey bank for approximately 3 years. It is a local bank in the Champaign, IL area. They have a few branches in that area and would be considered a small local bank. I chose to bank with them because of the convenience of having a branch in my home town, and the requirements to open a checking account were less strict than other banks in the area. Also, the availability of drive-through ATMs was another factor that made me choose to bank with them.
My experience with the customer service at Busey bank exceeded all my previous experiences with other banks. The employees there are very friendly and they will eagerly solve any issues for you with a pleasant and helpful attitude. My experiences with online chat representatives has also been pleasant and satisfactory. In a situation where I needed the approval of the branch manager, I was also pleasantly surprised with his friendliness and eagerness to help.
Using the bank website is more than adequate for most standard banking activities. The website is robust and intuitive.
The only drawback of Busey bank is probably a lack of a totally free checking. To open and maintain a checking account, one needs at least a $100 deposit and must either maintain a $100 balance or have monthly recurring direct deposits to avoid a $5 monthly service charge. All-in-all, If you live in the Champaign area and don't need a totally free checking, Busey is my number one recommendation.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16450 |
| Year Established | 1946 |
| Employees | 1122 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 10.43% |
| Annual Interest Income | $90.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $5.49B$3.86B |
| Loans | Q2 2017vs Q2 2016 | $4.04B$2.69B |
| Deposits | Q2 2017vs Q2 2016 | $4.50B$3.20B |
| Equity Capital | Q2 2017vs Q2 2016 | $634.7MM$407.0MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $49.2MM$44.4MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $20.1MM$11.8MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $480.00K$795.00K |
Always verify rates and promotions with the bank or credit union. We are not Busey Bank; 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.
Busey Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $25k* | - | Health Savings | ||
| OTHER TIERS: 0.03% → Up to $1,500 | 0.15% → $1,500 - $10k | 0.35% → $10k - $25k | |||||
| 0.20% | $50 | - | Roth Savings | ||
| 0.20% | $50 | - | CESA Savings | ||
| 0.01% | $100 | - | Online Everyday Savings Account | ||
| 0.01% | - | - | Everyday Savings | ||
| 0.01% | - | - | Minor Savings | ||
Busey Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $50k* | - | Pillar Money Market | ||
| OTHER TIERS: 0.01% → Up to $2,500 | 0.05% → $2,500 - $15k | 0.10% → $15k - $50k | |||||
| 0.10%* | $50k* | - | Online Money Market Account | ||
| OTHER TIERS: 0.01% → Up to $2,500 | 0.03% → $2,500 - $15k | 0.05% → $15k - $50k | |||||
| 0.10%* | $50k* | - | Money Market | ||
| OTHER TIERS: 0.01% → Up to $2,500 | 0.03% → $2,500 - $15k | 0.05% → $15k - $50k | |||||
Busey Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $100k* | - | Capstone Checking | ||
| OTHER TIERS: 0.01% → $10k - $100k | |||||
| 0.10%* | $15k* | - | Capital Checking | ||
| OTHER TIERS: 0.01% → $1k - $15k | |||||
| 0.01% | $3k | - | Online Pillar Checking Account | ||
| 0.01% | $3k | - | Pillar Banking | ||
Busey Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 60 Month CD | |
| 1.50% | $2,500 | - | 3 Year Portfolio CD Package | |
| 1.25% | $2,500 | - | 2 Year Portfolio CD Package | |
| 1.00% | $2,500 | - | 1 Year Portfolio CD Package | |
| 0.50% | $1k | - | 48 Month CD | |
| 0.40% | $1k | - | 36 Month CD | |
| 0.30% | $1k | - | 24 Month Online CD | |
| 0.30% | $1k | - | 24 Month CD | |
| 0.25% | $1k | - | 18 Month Online CD | |
| 0.25% | $1k | - | 18 Month CD | |
| 0.20% | $1k | - | 12 Month Online CD | |
| 0.20% | $1k | - | 12 Month CD | |
| 0.10% | $1k | - | 6 Month Online CD | |
| 0.10% | $1k | - | 6 Month CD |
Busey Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 60 Month IRA | |
| 0.50% | $500 | - | 48 Month IRA | |
| 0.40% | $500 | - | 36 Month IRA | |
| 0.30% | $500 | - | 24 Month IRA | |
| 0.25% | $500 | - | 18 Month IRA | |
| 0.20% | $500 | - | 12 Month IRA | |
| 0.20% | $50 | - | 18 Month Variable IRA | |
| 0.10% | $500 | - | 6 Month IRA |
