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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

Chippewa Valley Bank started in 1917 and is headquartered in Winter, Wisconsin. It handles $367 million in assets and deposits totaling $305 million, which makes it a small bank. Chippewa Valley 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. SmartAsset has rated the bank 3.6 out of 5 stars, which means Chippewa Valley Bank is a decent bank that leaves room for improvement. Chippewa Valley Bank provides customers with a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking product has a $5.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Institutions that offer no-fee checking and a high interest rate savings account are the best option for getting the most 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

With a savings rate of 0.20%, Chippewa Valley Bank ranks poorly compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.00% and 2.50%, respectively, while its highest-yielding money market account has a rate of 0.40%. Given Chippewa Valley Bank's poor savings rate, you should think about other options 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 generally has high fees as compared against the national average. At $5.00 per month, Chippewa Valley Bank is less than great for people who want a basic checking account. Chippewa Valley Bank does not refund out-of-network ATM fees, which means you'll have to search for a Chippewa Valley Bank ATM or eat the ATM charge.

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 bank locations in Wisconsin. It also offers access to mobile and web apps for a simple mobile-banking experience. Chippewa Valley Bank receives poor marks from users for its mobile app. With 6 customer reviews across both Apple 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 allows you to control your bank accounts by looking at account balances, sending and receiving money and reaching customer service. Chippewa Valley Bank gets a superb consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial 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 and owns assets totaling $367 million and deposits totaling $305 million. Chippewa Valley Bank's Texas Ratio is 13.55%, suggesting that Chippewa Valley Bank is in fine financial condition and far from 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: 1.00% APY
  • 24 Month: 1.50% APY
  • 36 Month: 2.00% APY
  • 60 Month: 2.50% APY
$1000 for all terms
Money Market Account 0.35% APY $10000

Chippewa Valley Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Chippewa Valley 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. Chippewa Valley Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Chippewa Valley Bank Near Me

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

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