Busey Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | 5-year CD | 2.27% - National Average |
| 0.20% | 1-year CD | 1.38% - National Average |
| 0.01% | Savings | 0.26% - National Average |
Busey Bank is headquartered in Champaign and is the 7th largest bank in the state of Illinois. It is also the 166th largest bank in the nation. It was established in 1946 and as of December of 2018, it had grown to 1,126 employees at 70 locations. Busey Bank has an A+ health rating.
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16450 |
| Year Established | 1946 |
| Employees | 1126 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 10.49% |
| Annual Interest Income | $286.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $7.69B$7.11B |
| Loans | Q4 2018vs Q4 2017 | $5.54B$5.21B |
| Deposits | Q4 2018vs Q4 2017 | $6.32B$5.68B |
| Equity Capital | Q4 2018vs Q4 2017 | $1.09B$871.7MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $50.6MM$53.4MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $36.6MM$22.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $374.00K$1.1MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| 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 | |||||
| 0.10%* | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
