Overview / Commentary
217-351-6500
100 West University Avenue
Champaign, IL 61820

Busey Bank is headquartered in Champaign and is the 7th largest bank in the state of Illinois. It is also the 163rd largest bank in the nation. It was established in 1946 and as of June of 2018, it had grown to 1,148 employees at 78 locations. Busey Bank has an A+ health rating.

Reviews (3)

Busey Experience

Busey was my first bank that I ever had an account with. They offered free checking and free checks with a debit card and was very easy to setup. I now have normal bank account, savings, and a business account for a club that I am in charge of. They have an innovative mobile app that I use to cash checks and do most of my banking from. It has been over a year since I've even had to go to the bank for anything as I can do it all online. I enjoy using the online tools and information that they offer. I sometimes have to call and check on some charges in my checking account and they always answer, confirm my identity, and then quickly resolve my issue. I am very happy to bank with this bank,

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #16450
Year Established1946
Employees1148
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD9.62%
Annual Interest Income$138.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$7.73B$5.49B
LoansQ2 2018vs Q2 2017$5.54B$4.04B
DepositsQ2 2018vs Q2 2017$6.20B$4.50B
Equity CapitalQ2 2018vs Q2 2017$1.05B$634.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$53.3MM$49.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$26.4MM$20.1MM
Real Estate OwnedQ2 2018vs Q2 2017$3.7MM$480.00K
Rates
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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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Busey Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-Health Savings
OTHER TIERS: 0.03% Up to $1.5k | 0.15% $1.5k - $10k | 0.35% $10k - $25k
0.20%$50-IRA Savings
0.01%$100-Online Everyday Savings Account
0.01%--Everyday Savings
0.01%--Minor Savings

Busey Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Pillar Money Market
OTHER TIERS: 0.01% Up to $2.5k | 0.05% $2.5k - $15k | 0.10% $15k - $50k
0.10%*$50k*-Online Money Market Account
OTHER TIERS: 0.01% Up to $2.5k | 0.03% $2.5k - $15k | 0.05% $15k - $50k
0.10%*$50k*-Money Market
OTHER TIERS: 0.01% Up to $2.5k | 0.03% $2.5k - $15k | 0.05% $15k - $50k

Busey Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Capstone Checking
OTHER TIERS: 0.01% $10k - $100k
0.10%*$15k*-Capital Checking
OTHER TIERS: 0.01% $1k - $15k
0.10%*$15k*-Online Capital Checking Account
OTHER TIERS: 0.01% $1k - $15k
0.01%$3k-Online Pillar Checking Account
0.01%$3k-Pillar Banking

Busey Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$2.5k-3 Year Portfolio CD Package
3.00%$1k-60 Month CD
2.75%$2.5k-2 Year Portfolio CD Package
2.50%$2.5k-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$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
Locations

Availability



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