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Cornhusker Bank Review

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Cornhusker Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Cornhusker Bank was founded in 1903 with headquarters in Lincoln, Nebraska. It handles $578 million in assets and $513 million in deposits, which makes it a medium-size bank. Cornhusker Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.4 out of 5 stars, Cornhusker Bank is a solid pick to be your bank. Cornhusker Bank provides customers with a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Cornhusker Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking account does not have a monthly maintenance charge. Locating a bank with free checking as well as a high savings APY is the best bet for returning the most income from your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

4.0
SmartAsset Average: 3.5

Cornhusker Bank features a savings rate of 0.15%, which is fair in comparison to the national average. Its CD rates are 1.75% and 2.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given its below average savings rate, you should consider other options to earn more on your deposits.

How Cornhusker Bank's Savings Rates Compare

Cornhusker Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Cornhusker Bank charges customers extremely low fees in comparison to the national average. Cornhusker Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Cornhusker Bank does not reimburse out-of-network ATM fees, which means you will be required to locate a Cornhusker Bank ATM or pay the withdrawal 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

3.8
SmartAsset Average: 3.7

Cornhusker Bank is a brick-and-mortar bank, with 10 total branches in Nebraska. With mobile and web apps, Cornhusker Bank makes account access convenient, even on the go. Cornhusker Bank gets fair feedback from users for its mobile banking services. The Cornhusker Bank mobile app scored a 3.7 out of 5 (out of 40 reviews on iOS and Android) compared to the national average of 3.8. Cornhusker Bank's mobile app allows you to manage your bank accounts by monitoring current statements, transferring money and reaching customer service. Cornhusker Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Cornhusker Bank is currently a medium-size bank with $578 million in assets and deposits totaling $513 million. Its Texas Ratio is 2.63%, indicating that the bank is in superb financial health and improbable to fail. Additionally, Cornhusker 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 Cornhusker Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 1.78% APY
  • 36 Month: 2.03% APY
  • 48 Month: 2.30% APY
  • 60 Month: 2.50% APY
$1000 for all terms
Money Market Account 0.2% APY $1

Cornhusker Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Cornhusker 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. Cornhusker Bank's CD rates are fair as compared against the national average.

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Find a Cornhusker Bank Near Me

Cornhusker Bank has 10 locations across the U.S.

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