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Capitol Bank Review

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Capitol Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1995, Capitol Bank has $361 million in assets as well as deposits totaling $310 million, which makes the institution a small bank. Capitol Bank, whose headquarters are in Madison, Wisconsin, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.3 stars out of 5, Capitol Bank is a great choice and should warrant serious consideration. Capitol Bank has a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Capitol Bank offers an option without a maintenance or monthly fee. Banks that offer free checking as well as a high interest rate savings account are the best bet for gaining the highest income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.03%, Capitol Bank ranks poorly compared to other U.S. banks. Capitol Bank's one-year CD earns at a rate of 0.23% and the five-year CD earns at a rate of 0.80%, while its highest-yielding money market account earns at a rate of 0.06%. Given Capitol Bank's poor savings rate, you should think about looking at the competition to open savings accounts.

How Capitol Bank's Savings Rates Compare

Capitol Bank Savings 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Capitol Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Capitol Bank's checking account is ideal for people who need a hassle-free banking experience. Capitol Bank unfortunately does not reimburse out-of-network ATM fees, which means you will have to locate a Capitol Bank ATM or eat the ATM charge.

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

SmartAsset Average: 3.7

Capitol Bank is a brick-and-mortar bank, with 13 total bank locations in Wisconsin. It also offers access to mobile and web apps for simple access and banking on the go. Capitol Bank receives great ratings from users for its mobile app. The Capitol Bank mobile app is rated at 4.5 out of 5 (out of 4 reviews on iOS and Android) compared to the national average of 3.8. Capitol Bank's mobile app allows you to control your bank accounts by checking monthly statements, transferring funds as well as reaching support representatives. Capitol Bank receives a superb consumer satisfaction rating based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Capitol Bank ranks as a small bank and owns $361 million in assets as well as deposits totaling $310 million. Capitol Bank's Texas Ratio is 0.78%, signifying a low probability of failure. Additionally, Capitol 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.

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Compare Capitol Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.23% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.40% APY
  • 48 Month: 0.55% APY
  • 60 Month: 0.80% APY
$1000 for all terms
Money Market Account 0.03% APY $1

Capitol Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Capitol Bank does not have the best savings rate, which means you should think about 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. Capitol Bank's CD rates are fair compared to the national average.

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Find a Capitol Bank Near Me

Capitol Bank has 13 physical branches in the U.S.

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