Intro – Community Trust Bank Reviews & Ranking
AdvisoryHQ recently published its list and review of the top banking firms in Kentucky, a list that included Community Trust Bank.
Below we have highlighted some of the many reasons Community Trust Bank was selected as one of the best banking firms in Kentucky.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
Community Trust Bank Review
Founded in 1903, in Pikeville, Kentucky, Community Trust Bank has been providing financial solutions to the residents of Kentucky for over a century. This top bank in Kentucky currently serves its customers with 70 banking locations throughout Kentucky, West Virginia, and Tennessee.
Throughout its 112 years in the banking industry, this hometown Kentucky bank has been committed to providing customers with the highest standards of personalized customer service. It prides itself on offering the communities it serves both competitive and innovative financial products and services.
Image source: Community Trust Bank
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed review, Community Trust Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
Community Trust Bank Review: Flexible Checking
Community Trust Bank offers its Flexible Checking Account option to meet the checking needs of its customers while fulfilling their desire for a low-cost checking account.
With a low minimum opening deposit of $100, this Kentucky bank’s Flexible Checking Account couldn’t be easier to take advantage of. Additional benefits of this top-notch checking account are:
- No monthly maintenance fee
- No minimum balance requirement
- Unlimited check writing
- First 20 checks free
- Unlimited deposits
- Free debit card
Community Trust Bank Review: Personal CDs and IRAs
Certificates of Deposits can be a great way to meet specific financial needs while earning a higher rate of interest than a regular savings account offers. At Community Trust Bank, there are many CD options to choose from.
CDs at this top bank in Kentucky earn higher market interest rates and are available in a variety of terms, anywhere from 7 days to 5 years.
CDs available at this Kentucky bank are:
- Personal CD: terms from 7 days to 5 years, $1,000 minimum to open, additional deposits not permitted
- Hoops CD: 12-month term, $2,500 minimum to open, additional deposits not permitted
- Graduation CD: terms from 5 to 7 years, $50 minimum to open, additional deposits permitted
- 9-Month Preferred CD: 9-month term, $1,000 minimum to open, additional deposits not permitted
- IRA: terms from 7 days to 5 years, $50 minimum to open, retirement plan with tax-deferred earning
Community Trust Bank Review: People Pay
People payments are offered by this top Kentucky bank as an easy, fast, and safe way for its customers to send and receive money to and from other people. The People Pay service can be used to send money to a friend, birthday cash to a niece or nephew or to pay for services such as landscaping or babysitting.
Money is sent with the recipient’s contact information and payment amount. There are three ways to send money through People Pay:
- Deposit into the recipient’s bank account
- Recipient claims, where the recipient chooses how he or she wants to receive the funds
Money is sent using the recipient’s name and email address or mobile phone number. Once the money has been sent, the recipient will receive an email or text message with instructions on how to claim the funds.
It is that easy to send someone money when utilizing this best Kentucky bank’s People Pay program.
In addition to reviewing the above Community Trust Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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