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Bank of Wisconsin Dells Review

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Bank of Wisconsin Dells Savings
0.12% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Bank of Wisconsin Dells was founded in 1910 and is headquartered in Wisconsin Dells, Wisconsin. It manages $522 million in assets along with $456 million in deposits, ranking it as a medium-size bank. Bank of Wisconsin Dells lacks premium access to support representatives, 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. With an average 3.7 stars out of 5, Bank of Wisconsin Dells is a decent bank that leaves room for improvement. Bank of Wisconsin Dells has a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. The bank's standard checking account carries a monthly fee of $10.00, which ranks on the higher end of monthly fees. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best bet for getting the most income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

3.8
SmartAsset Average: 3.5

Bank of Wisconsin Dells features a savings rate of 0.12%, which is poor in comparison to the national average. Bank of Wisconsin Dells's CDs feature a rate of 1.60% and 3.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.80%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Bank of Wisconsin Dells's Savings Rates Compare

Bank of Wisconsin Dells Savings 0.12 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

Bank of Wisconsin Dells has generally high fees in comparison to the national average. At $10.00/month, Bank of Wisconsin Dells's checking account is less than ideal for those who want a hassle-free checking account. Bank of Wisconsin Dells doesn't reimburse out-of-network ATM fees, which means you will need to find a Bank of Wisconsin Dells ATM or pay the fee.

Monthly Fee $10.00 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

3.9
SmartAsset Average: 3.7

Bank of Wisconsin Dells is a brick-and-mortar bank, with three total branches in Wisconsin. It also offers access to mobile and web apps for simple access and banking on the go. Bank of Wisconsin Dells receives moderate reviews from users for its mobile app. With 11 ratings on iOS and Android platforms, the Bank of Wisconsin Dells mobile app rates a 3.8 out of 5 (compared to the national average of 3.8). You can use Bank of Wisconsin Dells's app to control your bank accounts by reviewing account balances, transferring funds and reaching customer service. Bank of Wisconsin Dells receives an outstanding consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Bank of Wisconsin Dells is a medium-size bank with $522 million in assets and deposits totaling $456 million. Its Texas Ratio is 3.65%, denoting a low likelihood of failure. Additionally, Bank of Wisconsin Dells is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.65%
High Risk 75% 50% 20% 10% Low Risk

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 Wisconsin Dells to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.12% APY $100
Checking Account 0.08% APY $1000
Certificates of Deposit
  • 12 Month: 1.60% APY
  • 24 Month: 2.20% APY
  • 36 Month: 2.45% APY
  • 48 Month: 2.65% APY
  • 60 Month: 3.00% APY
$1000 for all terms
Money Market Account 0.4% APY $5000

Bank of Wisconsin Dells has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Bank of Wisconsin Dells does not have the best savings rate, which means you should consider taking a look 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 Wisconsin Dells's CD rates are fair as compared against the national average.

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Find a Bank of Wisconsin Dells Near Me

Bank of Wisconsin Dells has three locations across the U.S.

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