Citizens Community Bank started in 1992 and is headquartered in Mascoutah, Illinois. Citizens Community Bank manages assets of $380 million as well as deposits totaling $327 million, classifying it as a small bank. Citizens Community Bank 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 access to service representatives at a physical location, in addition to its online and mobile apps. With a commendable 4 out of 5 stars, Citizens Community Bank proves it is a respectable bank that should be given a look. Citizens Community Bank offers multiple banking products, including savings accounts, checking accounts, money market accounts and mortgage products. Citizens Community Bank has a fair savings rate compared to the average savings account. The bank's standard checking product carries a $6.00 monthly fee, making it a rather expensive bank for checking. Finding a bank with free checking and a high interest rate savings account is your best bet for gaining the most income on your deposits while maintaining convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Citizens Community Bank features a savings rate of 0.25%, which is poor compared to the national average. Its one-year CD has a rate of 2.02% and the five-year CD has a rate of 3.03%, while its highest-yielding money market account earns at a rate of 0.25%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.
How Citizens Community Bank's Savings Rates Compare
Citizens Community Bank charges customers high fees compared to other U.S. banks. Citizens Community Bank's checking account has a monthly fee of $6.00, making it fair for anyone looking for a hassle-free account. Additionally, at $30.00, its overdraft fee is markedly lower than the average overdraft fee charged by U.S. banks. Citizens Community Bank doesn't reimburse out-of-network ATM charges, meaning you will be required to search for a Citizens Community Bank ATM or pay the cost of withdrawal.
Citizens Community Bank is a brick-and-mortar bank, with five total branches in Illinois. It also offers access to mobile and web apps for straightforward access and banking on the go. Citizens Community Bank's online and mobile banking services receive fair scores from users. The Citizens Community Bank mobile app scored a 3.5 out of 5 (out of 4 reviews on Apple and Android) compared to the national average of 3.8. You can utilize Citizens Community Bank's app to manage your funds by looking at account balances, transferring funds and reaching support representatives. Citizens Community Bank receives an outstanding consumer satisfaction rating based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Citizens Community Bank is a small bank and has $380 million in assets as well as $327 million in deposits. Citizens Community Bank's Texas Ratio is 5.19%, indicating a tiny likelihood of failure. Additionally, Citizens Community 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 Citizens Community Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$1|
|Checking Account||0.11% APY||$2500|
|Certificates of Deposit|| ||$5000 for all terms|
|Money Market Accounts||0.2% APY 0.25% APY||$10000 $15000|
Citizens Community Bank has several deposit products like savings accounts, checking accounts and money market accounts to give you many options to manage your money. Citizens Community 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. Citizens Community Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Citizens Community Bank Near Me
Citizens Community Bank has five physical locations in the U.S.Back to Overview