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Cornerstone 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
Cornerstone Bank Savings
0.75% APY

Overview

Our Rating: 4.5/5 How we calculated this rating

Started in 1882, Cornerstone Bank has $2 billion in assets as well as deposits totaling $1 billion, making the institution a large bank. Cornerstone Bank, whose headquarters are in York, Nebraska, does not have the access to customer service other banks offer. It is a conventional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile presence. On the whole, Cornerstone Bank is a superb bank that would be a perfect pick at a score of 4.5 out of 5 stars from our experts. 

Cornerstone Bank has the complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, brokerage accounts, mortgage products and credit cards. It offers a moderate savings account interest rate, appropriate if you need a worthier spot to stash your money than a checking account. If you're looking for a checking account for everyday use, Cornerstone Bank offers one without a monthly fee. Using the same bank for checking and savings is best for getting the highest interest rates on your money while keeping convenient access to your funds.

Service Quality

Cornerstone Bank is a brick-and-mortar bank, with 42 total bank locations in Nebraska. With mobile and web apps, Cornerstone Bank makes account access easy, even on the go.  

Cornerstone Bank's online and mobile banking platforms get moderately high scores from customers: the Cornerstone Bank mobile app is rated at 3.9 out of 5 (with 97 reviews on Apple and Android) compared to the national average of 3.8. You can use Cornerstone Bank's app to control your accounts by looking at monthly statements, sending and receiving funds and reaching support representatives. Cornerstone Bank gets a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.75% APY $25 Compare Offers
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.75% APY
  • 48 Month: 0.75% APY
$500 for all tiers Compare Offers
Money Market Accounts 10K tier: 0.35% APY $1,000 Compare Offers
Checking Accounts 0.10% APY $50 Compare Offers

Cornerstone Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. Cornerstone Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Cornerstone Bank's CD rates are competitive in comparison to the average U.S. bank.

Rates

With a savings rate of 0.75%, Cornerstone Bank ranks higher compared to other U.S. banks. Its one-year CD has a rate of 0.25%, while its highest-yielding money market account has a rate of 0.35%. Taking into account that Cornerstone Bank offers an average savings rate, Cornerstone Bank's savings account is perfect if you are looking especially for a significant life event like paying off loans.

Compare Cornerstone Bank to Other Competitive Offers

Fees

On average, Cornerstone Bank charges customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Cornerstone Bank is perfect for people who want a simple checking account. 

Financial Health

Cornerstone Bank is currently a large bank with assets totaling $2 billion and deposits totaling $1 billion. It has an excellent Texas Ratio of 1.98%, indicating an extremely minute probability of failure. Additionally, Cornerstone Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Cornerstone Bank Near Me

Cornerstone Bank has 42 physical locations across the U.S.

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