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Capitol Bank Review

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

Overview

Capitol Bank started in 1995 and its headquarters are located in Madison, Wisconsin. Capitol Bank manages $361 million in assets along with $310 million in deposits, which makes it a small bank. Capitol Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Capitol Bank is a great choice and should warrant serious consideration, with a rating of 4.3 out of 5 stars from the SmartAsset team. Capitol Bank has a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Capitol Bank 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 monthly fee. Institutions that offer no-fee checking, in addition to a high interest rate savings account are your 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

4.3/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

Capitol Bank has a savings rate of 0.03%, which is poor as compared against the national average. Capitol Bank's one-year CD has a rate of 0.23% and the five-year CD has a rate of 0.80%, while its highest-yielding money market account earns at a rate of 0.15%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.

How Capitol Bank's Savings Rates Compare

Capitol Bank Savings 0.03 National Average 0.26 Compare Offers
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Fees

5.0
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 an easy checking account. Capitol Bank does not refund out-of-network ATM charges, which means you will have to locate a Capitol Bank ATM or eat the 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
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Service Quality

4.2
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 straightforward access and banking on the go. Capitol Bank's online and mobile banking platforms get high praise from customers. Out of 4 ratings across Apple and Android platforms, the Capitol Bank mobile app is scored at 4.5 out of 5 (compared to the national average of 3.8). Capitol Bank's mobile app allows you to control your finances by checking current statements, sending and receiving money and accessing support representatives. Capitol Bank receives a superb consumer satisfaction score 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

5.0
SmartAsset Average: 4.8

Capitol Bank ranks as a small bank and manages assets totaling $361 million as well as deposits totaling $310 million. It has an excellent Texas Ratio of 0.78%, signifying that Capitol Bank is in terrific financial health and unlikely to fail. 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 Accounts 0.1% APY 0.15% APY $10000 $15000

Capitol Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with 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 in comparison to other U.S. banks.

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Find a Capitol Bank Near Me

Capitol Bank has 13 branches in the U.S.

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