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Chippewa Valley Bank Review

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Chippewa Valley Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1917, Chippewa Valley Bank has assets totaling $367 million along with deposits totaling $305 million, which makes it a small bank. Chippewa Valley Bank, whose headquarters are in Winter, Wisconsin, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 3.6 stars out of 5, Chippewa Valley Bank should be near the middle of the pack in your search for a bank. Chippewa Valley Bank offers a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Chippewa Valley Bank has a fair savings rate compared to the average savings account. The bank's standard checking account maintains a monthly fee of $5.00, making it a rather pricey bank for checking. Finding an institution with free checking, in addition to a high interest rate savings account is your best option for getting the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.6/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

Chippewa Valley Bank features a savings rate of 0.20%, which is fair in comparison to the national average. Its CDs feature a rate of 1.25% and 2.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.50%. Given Chippewa Valley Bank's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Chippewa Valley Bank's Savings Rates Compare

Chippewa Valley Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

3.0
SmartAsset Average: 4.4

Chippewa Valley Bank charges customers high fees compared to the average U.S. bank. Chippewa Valley Bank's checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a simple account. Chippewa Valley Bank unfortunately does not refund out-of-network ATM fees, meaning you will be required to locate a Chippewa Valley Bank ATM or eat the fee.

Monthly Fee $5.00 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

3.3
SmartAsset Average: 3.7

Chippewa Valley Bank is a brick-and-mortar bank, with 16 total branches in Wisconsin. It also offers access to mobile and web apps for easy access and banking on the go. Chippewa Valley Bank's online and mobile banking platforms get poor marks from customers. With 6 ratings on iOS and Android platforms, the Chippewa Valley Bank mobile app rates a 2.8 out of 5 (compared to the national average of 3.8). Chippewa Valley Bank's mobile app lets you manage your accounts by reviewing current statements, transferring money and accessing customer service. Chippewa Valley Bank receives an excellent consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

Chippewa Valley Bank ranks as a small bank with $367 million in assets and deposits totaling $305 million. Its Texas Ratio is 13.55%, indicating a small chance of failure. Additionally, Chippewa Valley Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

13.55%
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 Chippewa Valley Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $1
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.60% APY
  • 36 Month: 2.00% APY
  • 60 Month: 2.50% APY
$1000 for all terms
Money Market Accounts 0.45% APY 0.5% APY $10000 $15000

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

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Find a Chippewa Valley Bank Near Me

Chippewa Valley Bank has 16 physical branches across the U.S.

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