Loading
Tap on the profile icon to edit
your financial details.

Bruning State Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Bruning State Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Bruning State Bank first started operating in 1891 and is headquartered in Bruning, Nebraska. It manages assets of $355 million as well as deposits totaling $273 million, classifying it as a small bank. Bruning State Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. We gave Bruning State Bank a 4.5 out of 5 stars, which means it is an outstanding bank that you should strongly consider. Bruning State Bank offers a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Bruning State Bank's most basic checking account does not carry a monthly fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same bank is your best bet for accruing the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.5/5
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

With a savings rate of 0.30%, Bruning State Bank ranks poorly compared to the average U.S. bank. Bruning State Bank's one-year CD has a rate of 1.25% and the five-year CD earns at a rate of 2.37%, while its highest-yielding money market account earns at a rate of 0.45%. Given Bruning State Bank's poor savings rate, you should think about other options to earn more on your deposits.

How Bruning State Bank's Savings Rates Compare

Bruning State Bank Savings 0.30 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

Bruning State Bank has typically extremely low fees in comparison to the average U.S. bank. With no monthly fee, Bruning State Bank's checking account is perfect for people who need a hassle-free checking account. Bruning State Bank unfortunately does not reimburse out-of-network ATM fees, meaning you'll need to search for a Bruning State Bank ATM or eat the withdrawal fee.

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
Back to Overview

Service Quality

4.3
SmartAsset Average: 3.7

Bruning State Bank is a brick-and-mortar bank, with five total bank locations in Nebraska. With mobile and web apps, Bruning State Bank makes account access convenient, even on the go. Bruning State Bank gets positive ratings from users for its mobile banking services. The Bruning State Bank mobile app scored a 4.6 out of 5 (with 15 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Bruning State Bank's app to manage your funds by monitoring current statements, transferring money as well as accessing support representatives. Bruning State Bank receives a superb consumer satisfaction rating based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

Bruning State Bank ranks as a small bank owning assets totaling $355 million and deposits totaling $273 million. Bruning State Bank has an excellent Texas Ratio of 1.31%, denoting a low probability of failure. Additionally, Bruning State Bank 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 Bruning State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $1
Checking Account 0.3% APY $1
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 2.52% APY
  • 36 Month: 2.12% APY
  • 48 Month: 2.37% APY
  • 60 Month: 2.37% APY
$500 for all terms
Money Market Accounts 0.45% APY 0.45% APY $10000 $15000

Bruning State Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Bruning State Bank does not have the best savings rate, which means you should think about other options 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. Bruning State Bank's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a Bruning State Bank Near Me

Bruning State Bank has five locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure