Crossroads Bank Rates & Review

Crossroads Bank Review

For more than three decades, Crossroads Bank has been providing community banking services for the people and businesses of Effingham, Illinois.

Crossroads Bank has maintained its close ties to the local community since it was founded in 1974 and has now grown to have more than $116 million in assets as of 2010. The bank currently holds a five-star "Superior" rating from Bauer Financial and an "A" rating from the Better Business Bureau.

Financial products

Crossroads Bank customers can open a checking account and find a variety of choices that meet the needs of varied bank balances. The bank offers a savings account and specialized savings accounts such as an IRA and a Health Savings Account.

Some customers opt for a money market account in order to maximize the interest they earn on their funds while continuing to access the money by check or ATM. Another option offered by Crossroads Bank is a certificate of deposit (CD). The CDs have a variety of terms so that customers can tailor their own savings plan.

Banking services

Crossroads Bank has a "Young@Heart" club for customers age 49 and above to receive free or discounted bank services along with invitations for trips and coffees with various speakers and topics.

The bank offers business services as well as personal banking including mortgage and consumer loans.

Customers can handle their banking in person, over the telephone or by using online banking to pay their bills, transfer funds and check balances.

All deposit accounts are fully FDIC-insured to the maximum limit of $250,000 per depositor.