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Bank of Prairie du Sac Review

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Bank of Prairie du Sac Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Bank of Prairie du Sac started in 1916 with its headquarters in Prairie Du Sac, Wisconsin. It has $418 million in assets as well as deposits totaling $355 million, classifying it as a medium-size bank. Bank of Prairie du Sac lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 4.6 stars out of 5, Bank of Prairie du Sac should be near the top of your list for your bank search. Bank of Prairie du Sac provides customers with a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Bank of Prairie du Sac has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Bank of Prairie du Sac's standard checking account does not have a monthly fee. Banks that offer free checking and a high interest rate savings account are your best option for getting the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.6/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

4.2
SmartAsset Average: 3.5

With a savings rate of 0.25%, Bank of Prairie du Sac ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 1.85%, while its highest-yielding money market account has an APY of 0.60%. Given Bank of Prairie du Sac's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Bank of Prairie du Sac's Savings Rates Compare

Bank of Prairie du Sac Savings 0.25 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Bank of Prairie du Sac has generally extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Bank of Prairie du Sac doesn't reimburse out-of-network ATM fees, meaning you'll have to search for a Bank of Prairie du Sac ATM or accept the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.3
SmartAsset Average: 3.7

Bank of Prairie du Sac is a brick-and-mortar bank, with two total bank locations in Wisconsin. It also offers access to mobile and web apps for simple access and banking on the go. Bank of Prairie du Sac receives positive scores from users for its mobile app. The Bank of Prairie du Sac mobile app has an overall rating of 4.7 out of 5 (out of 210 ratings on Apple and Android) compared to the national average of 3.8. Bank of Prairie du Sac's mobile app lets you manage your finances by checking monthly statements, transferring money and reaching support representatives. Bank of Prairie du Sac receives a superb consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Bank of Prairie du Sac ranks as a medium-size bank and owns assets totaling $418 million and deposits totaling $355 million. Bank of Prairie du Sac's Texas Ratio is 1.79%, suggesting a negligible chance of failure. Additionally, Bank of Prairie du Sac 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.

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Compare Bank of Prairie du Sac to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.85% APY
  • 24 Month: 2.10% APY
  • 36 Month: 2.20% APY
$1000 for all terms
Money Market Accounts 0.6% APY 0.6% APY $10000 $15000

Bank of Prairie du Sac has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Bank of Prairie du Sac does not have the best savings rate, which means you should consider 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. Bank of Prairie du Sac's CD rates are fair compared to the average U.S. bank.

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Find a Bank of Prairie du Sac Near Me

Bank of Prairie du Sac has two physical locations in the U.S.

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