Cedar Rapids Bank & Trust is headquartered in Cedar Rapids and is the 8th largest bank in the state of Iowa. It is also the 510th largest bank in the nation. It was established in 2001 and as of December of 2020, it had grown to 166 employees at 9 locations. Cedar Rapids Bank & Trust has an A+ health rating.
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!
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'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-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!
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.
Overall | |
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FDIC Certificate # | 57244 |
Year Established | 2001 |
Employees | 166 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.82% |
Return on Equity - YTD | 17.04% |
Annual Interest Income | $61.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $1.96B$1.58B |
Loans | Q4 2020vs Q4 2019 | $1.33B$1.16B |
Deposits | Q4 2020vs Q4 2019 | $1.38B$1.25B |
Equity Capital | Q4 2020vs Q4 2019 | $216.0MM$180.9MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $32.0MM$13.4MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $8.0MM$1.1MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$697.00K |
Always verify rates and promotions with the bank or credit union. We are not Cedar Rapids Bank & Trust; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.50% | $500 | $250k | 11 Month No Penalty Savings CD Special |
Cedar Rapids Bank & Trust Locations | ||
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Cedar Rapids Bank and Trust Company | 500 1st Avenue Ne, Suite 100 | Cedar Rapids, IA 52401 |
Council Street Branch | 5400 Council Street Ne | Cedar Rapids, IA 52402 |
Waterloo Branch | 11 Tower Park Drive | Waterloo, IA 50701 |
Cedar Falls Branch | 2322 West 1st Street | Cedar Falls, IA 50613 |
Community National Bank Branch | 422 Commercial Street | Waterloo, IA 50701 |
Bever Avenue Office | 2701 Bever Avenue | Cedar Rapids, IA 52403 |
Cedar Hills Branch | 191 Jacolyn Drive, N.W. | Cedar Rapids, IA 52405 |
Marion Branch | 700 25th Street | Marion, IA 52302 |
F Avenue Branch | 3406 F Avenue Northwest | Cedar Rapids, IA 52405 |