You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits. But the best high-yield savings accounts pay significantly better rates.
Enterprise Bank & Trust: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.5 |
| Checking | 4.25 |
| CD | 3.5 |
| Money market | 3.75 |
| Trustworthiness | 5 |
| Total | 4 |
Enterprise Bank & Trust: Pros and Cons
| Pros | Cons |
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Enterprise Bank & Trust Savings Account Rates
$5 monthly service fee
0.05% (vary by location)
$0
- No minimum opening deposit
- Possible to waive the monthly service fee
- Low interest rate
- $5 monthly service fee
- Must keep at least $100 in account to earn interest
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- To waive the $5 monthly service fee, keep at least $300 in your account daily
- To earn interest, you must keep at least $100 in your account
- Interest compounded daily, deposited quarterly
- Member FDIC
The Enterprise Bank & Trust Personal Savings Account might be ideal if you're able to maintain at least $300 in your account daily to waive the monthly service fee. However, it pays a very low interest rate.
Enterprise Bank & Trust Checking Account Overview
no monthly service fee
None
$0
- No minimum opening deposit
- No monthly service fees
- No out-of-network ATM fees
- Overdraft protection available
- $30 overdraft fee
- $7.50 overdraft transfer fee
- No reimbursements if you're charged by an out-of-network ATM
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
Enterprise Bank & Trust- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- Overdraft protection allows you to link to another bank account
- Member FDIC
The Enterprise Bank & Trust Personal Checking Account is a solid checking account with no minimum opening deposit and no monthly service fee. The bank won't charge you ATM fees, but it also won't reimburse you for any fees charged by an out-of-network ATM.
Enterprise Bank & Trust CD Rates
0.25% to 0.90% (vary by location)
$500
- Good interest rate compared to brick-and-mortar banks
- $500 minimum opening deposit
- Variety of short-term CDs
- Standard early withdrawal penalties
- No terms over 4 years
- Online banks offer higher interest rates
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
Enterprise Bank & Trust- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- Terms range from 30 days to 4 years
- Early withdrawal penalties: Early withdrawal penalty depends on the amount deposited and term; contact your nearest branch for more information on specific terms
- Interest compounded daily, deposited quarterly
- Member FDIC
You might want to consider an Enterprise Bank & Trust Enterprise Bank & Trust CD if you don't have a lot of money for an initial deposit. You only need $500 to open a CD, which is pretty low compared to other brick-and-mortar banks.
Enterprise Bank & Trust Money Market Account Rates
$10 monthly service fee
4.87% to 5.11% (vary by location)
$0
- No minimum opening deposit
- Check writing included
- Possible to waive monthly service fee
- Low interest rate
- $10 monthly service fee
- No debit card
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
- Earn 4.87% on account balance under $50,000
- Earn 5.11% on account balance of $50,000 or more
- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- To waive $10 monthly service fee, keep at least $1,000 in your account daily
- Interest compounded daily, deposited monthly
- Member FDIC
The Enterprise Bank & Trust Personal Money Market Account requires a minimum balance of $1,000 to earn interest and waive the $10 monthly service fee. If you don't think you can meet this requirement, you may want to look at our best money market accounts guide for fee-free account options.
About Enterprise Bank & Trust
Enterprise Bank & Trust has 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. It also has loan offices in Arizona, California, Colorado, Illinois, Indiana, Massachusetts, Michigan, Nevada, Ohio, Oregon, Texas, Utah, and Washington.
Customers have access to over 55,000 fee-free ATMs through the Allpoint ATM network.
Customer service is available over the phone from 8 a.m. to 7 p.m. CT on weekdays and Saturdays from 9 a.m. to 1 p.m. CT.
The bank's mobile app received 4 out of 5 stars in the Google Play store and 4.1 out of 5 stars in the Apple store.
Enterprise Bank & Trust is FDIC insured, so up to $250,000 is federally insured in an individual bank account.
Is Enterprise Bank & Trust Trustworthy?
The Better Business Bureau rates banks according to how they resolve customer issues.
The BBB gave Enterprise Bank & Trust an A+ rating. However, a good BBB rating won't necessarily guarantee a smooth relationship with a bank. Chat with current customers or read online customer reviews, too.
Enterprise Bank & Trust hasn't been involved in any recent public controversies.
How Enterprise Bank & Trust Compares
Enterprise Bank & Trust vs. U.S. Bank
U.S. Bank is available in the same states as Enterprise Bank & Trust, plus many more. It's the better option if you want a larger branch network. U.S. Bank also has customer service available 24/7 over the phone.
But Enterprise Bank & Trust is the better choice if you're looking for a bank tied to its local communities.
Enterprise Bank & Trust vs. Chase Bank
Chase Bank has branches in 48 US states, so it's great if you want a national branch network. But Enterprise is better for a local banking experience.
There are several Chase checking accounts, so you may find one that best suits your needs. But they all charge a monthly fee (unless you qualify to waive it), whereas Enterprise has a free checking account. Enterprise also pays higher rates for the most part.
Why You Should Trust Us: How We Reviewed Enterprise Bank & Trust
We rate bank accounts on a scale from one to five stars. For Enterprise Bank & Trust's checking, savings, and money market accounts, we used Personal Finance Insider's bank account ratings methodology. The exact factors we evaluate vary depending on the type of account — for example, we look at overdraft fees for checking accounts and interest rates for savings and money market accounts.
For Enterprise Bank & Trust's CDs, we used our CD rating methodology which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, and the security and ethics of the company.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
