banterra bank

To make your banking experience more convenient, Banterra Bank is always here. This highly dedicated community bank comes with a different strategy to help the people of the community to reach their financial goals.

They have resources, products, services, branches, and many more. All these things combinedly make a strong bond that is only for their client. This bank operates its banking activity for local businesses and individuals.

In their product line, there are personal products, business products, and many more. All these things are contemporary and highly essential for better money management as well as financial aid.

We tried to discover more details about this bank and see what we found.

Picture: banterra bank
Picture: Banterra Bank

What Is Banterra Bank?

Most of the community banks in American History are established with the same purpose and that is keeping the community financially relaxed. Yes, Banterra Bank is doing the same thing.

Read More: 9 Reasons Why People Trust Clear Mountain Bank

It was founded in 1955. Now they have assets totaling $2.39 billion and deposits totaling $2.10 billion. Basically, this bank is involved with National Commercial Banks. That’s why their services and products are also top-class.

The good side is, it only focuses on the local community. That’s why all the services of this bank are dedicated to the community.

Overview of This Bank:

Before you choose a bank like this one, you must check all the key information. Besides products and services, there is more information you need to know to justify the organizational status of a community bank. We mentioned some key information about this bank and here it is.

ParticularsRemarks
FDIC InsuredYes
FDIC Certificate17514
Date Established1955
Assets$2.39 billion
Loans$1705.25 million
Deposits$2.10 billion
Capital221.22 million

Bank Ratio Analysis:

To know more about the financial condition of this Bank, you should get more details about ratios. Such ratios and data are very much helpful to do that.

One more thing, no depositors of this bank lose their deposits because all of these services are covered under the FDIC insurance limits. We’ve mentioned all the data below that is provided by the FDIC.

Texas Ratio:

Banterra BankU.S. Bank Average
2.65%4.78%

Return on Equity Ratio:

Banterra BankU.S. Bank Average
16.95%11.29%

Capitalization:

Banterra BankU.S. Bank Average
9.25%11.72%

What Types of Product They Are Offering?

Already you know, this bank is doing their best to offer service and product. We’ve found their product list very much convenient and contemporary. Want to know what these are?

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Personal:

  • Checking
  • Savings
  • CDs & IRAs
  • Digital Banking
  • Debit Cards
  • Security
  • Mortgage Loans
  • Home Equity
  • Personal Loans
  • Credit Cards
  • Solar Loans
  • Overdraft Solutions
  • ITM/Live Tellers
  • Wire Service
  • Insure
  • Invest
  • Switch Kit
  • Financial Calculators
  • Reorder Check

Small Business:

  • Business Checking
  • Business Savings
  • Business Debit Card
  • Electronic Services
  • Employee Offerings
  • Small Business Loans
  • Lines of Credit
  • Meet Our Lenders
  • Credit Cards
  • Online Banking & Account Management
  • Making Payments
  • Receiving Payments
  • Remote Deposit
  • Sweep Accounts
  • Electronic Services
  • Fraud Detection & Positive Pay
  • Treasury Management Team

Commercial:

  • Commercial Checking
  • Business Savings
  • Digital Banking
  • Employee Offerings
  • Agribusiness Loans
  • Business Loans
  • Commercial Real Estate Loans
  • Equipment Financing
  • Business Credit Cards

Wealth Management:

  • Insurance
  • Investments
  • Retirement
  • Private banking
Picture: You can know about the product from their website banterra bank
Picture: You can know about the product from their website

What Are The Rates of Their Popular Products?

Clients are always influenced by the rate of the product and the service. A community bank like this one always wants to keep their client comfortable with its products.

Read More: How To Receive Foreign Deposits With Machias Savings Bank?

Their rates are fair enough and it’s liberal with the time. Here is a chart for the deposit rate.

Savings and Money Market RatesAPYMinMAX
Savings0.02%$2,500$4,999
Money Market0.04%$10,000$14,999
Money Market0.05%$25,000$29,999
6 Mo CD0.05%$10,000$14,999
6 Mo CD0.05%$100,000$199,999
12 Mo CD0.35%$10,000$14,999
12 Mo CD0.35%$100,000$199,999
18 Mo CD0.10%$10,000$14,999
18 Mo CD0.10%$100,000$199,999
24 Mo CD0.15%$10,000$14,999
24 Mo CD0.15%$100,000$199,999
30 Mo CD0.15%$10,000$14,999
30 Mo CD0.15%$100,000$199,999
36 Mo CD0.15%$10,000$14,999
36 Mo CD0.15%$100,000$199,999
48 Mo CD0.20%$10,000$14,999
48 Mo CD0.20%$100,000$199,999
60 Mo CD0.25%$10,000$14,999
60 Mo CD0.25%$100,000$199,999
Int Ckg0.02%$2,500$3,499

Comparison of the Rate:

It’s time to compare the rate of the all popular products of Banterra Bank with others. This comparison will help you to get a clear idea about the rates of other community banks and which one is best for you.

Notable RatesAPYVs. Others
Savings0.02%0.85%
1-Year CD0.35%0.85%
2-Year CD0.15%0.80%
5-Year CD0.25%1.30%
30-Year MortgageN/A2.72%
15-Year MortgageN/A2.36%
HELOCN/A2.79%
National Average vs. banterra bank
Picture: National Average vs. Banterra

Frequently Asked Question:

What Services are provided in cash management?

Banterra Bank offers different services for cash management like internal transfer, balance alert, 24×7 access to the account, stop payment, wire transfer, ACH organization, ACH & Check Positive pay, and multi-user functionality.

How do I register for cash management?

You should contact the treasury management department. This department provides cash management services. You can contact them through this number 866-226-8377.

Can I set up account alerts?

Yes, you can. For that, you have to use the option called “Manage balance alerts”. This option is hidden under the “Account Activities & reporting tab” option.

Do I need to be enrolled in online banking first?

Not at all. You don’t need to do that but when you enroll for online banking, you can get automatic access to your account.

Is there any fee for online banking?

No, it’s free for the client.

Picture: Mobile App banterra bank
Picture: Mobile App

Conclusion:

Once you get the service from the Banterra Bank, you’ll never lose your hope for money management. All the products they offer always work flawlessly.

From their customer service to online banking, everything is super flexible for an old and new client. They have incredible team members and all of them are supportive in every way to give the financial solution.

That’s how this bank is growing faster than other community banks. It’s a great place for both personal and business banking.

Definitely, you’ll explore more opportunities to reach your financial goal through this bank. This bank is always ready to give you a great start for money management.

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