Established in 1968, AbbyBank has $464 million in assets as well as $403 million in deposits, classifying it as a medium-size bank. AbbyBank, whose headquarters are in Abbotsford, Wisconsin, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a superb 4.5 stars out of 5, AbbyBank is a superb bank that would be an ideal pick. AbbyBank has the full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. AbbyBank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, AbbyBank's ordinary checking account does not have a monthly fee. Locating an institution with no-fee checking, in addition to a high interest rate savings account is your best option for getting the highest income on your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
AbbyBank has a savings rate of 0.30%, which is fair compared to the average U.S. bank. Its CD rates are 1.82% and 2.58% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.75%. Given its below average savings rate, you should think about taking a look at other banks for savings accounts.
How AbbyBank's Savings Rates Compare
AbbyBank has typically extremely low fees compared to the average U.S. bank. With no monthly fee, AbbyBank's checking account is perfect for those who need an easy banking experience. Additionally, at $30.00, it has a noticeably lower overdraft fee compared to that of other U.S. banks. AbbyBank does not refund out-of-network ATM fees, meaning you'll need to find an AbbyBank ATM or eat the ATM charge.
AbbyBank is a brick-and-mortar bank, with six total branches in Wisconsin. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Thursday, 8:00 a.m. to 5:00 p.m. CT; Friday, 8:00 a.m. to 6:00 p.m. CT; Saturday, and 8:00 a.m. to 11:00 a.m. CT. AbbyBank receives relatively satisfactory scores from users for its online presence. Out of 8 ratings on Apple and Android platforms, the AbbyBank mobile app is scored at 4.0 out of 5 (compared to the national average of 3.8). You can utilize AbbyBank's app to manage your bank accounts by looking at account balances, sending and receiving money and reaching support representatives. AbbyBank receives a superb consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
AbbyBank is a medium-size bank owning $464 million in assets and deposits totaling $403 million. Its Texas Ratio is 8.44%, suggesting a tiny possibility of failure. Additionally, AbbyBank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare AbbyBank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.3% APY||$100|
|Checking Account||0.2% APY||$1000|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Accounts||0.5% APY 0.75% APY||$10000 $15000|
AbbyBank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. AbbyBank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. AbbyBank's CD rates are fair compared to other U.S. banks.Back to Overview
Find a AbbyBank Near Me
AbbyBank has six physical branches across the U.S.Back to Overview