Hillcrest Bank Rates & Review

Hillcrest Bank Review

Based in Kansas City, Hillcrest Bank opened in 1975 as a family owned bank and has consistently ranked as one of the city's Top 50 privately held companies. Hillcrest Bank holds $1.6 billion in assets as of 2010 and has numerous locations in Missouri, Kansas, Colorado, Texas and Oklahoma.

Personal banking

Hillcrest Bank offers a full suite of personal banking products with a range of bank interest rates. Personal savings options include regular savings, minor savings for youth, several money market accounts, Roth IRAs and traditional IRAs. CDs have varying terms with the best appearing at the 30-month term. Personal checking account options at Hillcrest Bank include free checking, interest checking and VIP checking.

The bank recently began offering an iPhone application for mobile banking. Other services include online banking with bill pay, fraud protection and standard on-site services such as safe deposit boxes and notary public.

Customers can apply for home mortgages and home equity loans through Hillcrest Bank.

Business banking

Hillcrest Bank offers business banking products and services for small businesses and large corporations. Interest-bearing business accounts include commercial savings accounts, power checking accounts, tiered rate money market accounts, and CD accounts ranging from 3 months to 5 years with a premium rate at 30 months. Business banking services include remote deposit, merchant card services, direct deposit, business credit cards and online banking. This bank also offers commercial loans.

Private banking and wealth management

Customers with high balances (over $100,000) can take advantage of private banking and wealth management services.

Deposit insurance

Hillcrest Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from Hillcrest Bank and more than 400 other banks at SavingsAccounts.com.