Cedar Rapids Bank & Trust is headquartered in Cedar Rapids and is the 6th largest bank in the state of Iowa. It is also the 481st largest bank in the nation. It was established in 2001 and as of June of 2020, it had grown to 164 employees at 9 locations. Cedar Rapids Bank & Trust has an A health rating.
Rate Will Drop To 3.25% On 11/1/11
Went in to open an account today and was politely informed that the rates are currently 4% but will drop to 3.25% on 11/1/2011. Appreciate their honesty!
Great Experience, Though Rate Will Drop To 4% On 11/1 (2856)
I've had a "[email protected] Checking" account at CRBT for almost a year and a half now, it they have been great. Very friendly, only one minor issue that they fixed of their own accord. Unfortunately, they will be dropping their rate from 5% to 4% as of November 1. However, it is still the best deal around, and their service counts, too. Plus, I respect the fact that they sent me an email ahead of time to announce the change, unlike a Credit Union somewhere in the "Linn Area" which sends me a useless newsletter every month, but couldn't be bothered to notify me of a rate change - I just had to get the bad news on the following month's statement.
So I wholeheartedly endorse CRBT, but the sweetest deal around just got a little less sweet.
Great Experience, Though Rate Will Drop To 4% On 11/1
I've had a "[email protected] Checking" account at CRBT for almost a year and a half now, it they have been great. Very friendly, only one minor issue that they fixed of their own accord. Unfortunately, they will be dropping their rate from 5% to 4% as of November 1. However, it is still the best deal around, and their service counts, too. Plus, I respect the fact that they sent me an email ahead of time to announce the change, unlike a Credit Union somewhere in the "Linn Area" which sends me a useless newsletter every month, but couldn't be bothered to notify me of a rate change - I just had to get the bad news on the following month's statement.
So I wholeheartedly endorse CRBT, but the sweetest deal around just got a little less sweet.
I Switched From Linn
I switched from Linn-Area CU to CRBT because LACU dropped their HYC account from 5% to 4%. CRBT has treated me great so far and 5%APY is terrific. I rec. ANY rewards checking acct. to everyone, just find a bank or CU with a good rate near you. You are losing free money if you don't. I also share Dave Ramsey's theory of NEVER using credit cards, EVER. PS-- CRBT has great coffee and cookies too!
Maximum Will Drop To 15K In July 2012
I am very sorry to report that the [email protected] Checking account maximum amount will be dropping from 25K to 15K in July. I think UoFL CCU still has 3.25% on amounts up to 25K. I think I will move my money there instead.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57244 |
| Year Established | 2001 |
| Employees | 164 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.97% |
| Return on Equity - YTD | 18.54% |
| Annual Interest Income | $30.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $2.02B$1.53B |
| Loans | Q2 2020vs Q2 2019 | $1.36B$1.09B |
| Deposits | Q2 2020vs Q2 2019 | $1.35B$1.28B |
| Equity Capital | Q2 2020vs Q2 2019 | $198.9MM$165.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $22.3MM$13.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $4.7MM$765.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$499.00K |