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

Overview

Founded in 1903, Cornhusker Bank has $578 million in assets and deposits totaling $513 million, making the institution a medium-size bank. Cornhusker Bank, whose headquarters are in Lincoln, Nebraska, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Cornhusker Bank is a solid contender in your bank search, with a score of 4.4 stars out of 5 from our experts. Cornhusker Bank offers the complete slate of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Cornhusker Bank's standard checking account does not have a monthly fee. Locating a bank with free checking and a high interest rate savings account is your best option for accruing the highest 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 has a savings rate of 0.15%, which is poor as compared against the national average. Its one-year CD has a rate of 2.12% and the five-year CD has a rate of 2.78%, while its highest-yielding money market account has an APY of 0.25%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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 its customers extremely low fees compared to other U.S. banks. With no monthly fee, Cornhusker Bank is perfect for those who want a simple checking account. Cornhusker Bank does not refund out-of-network ATM fees, meaning you'll have to locate a Cornhusker Bank ATM or accept 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 easy, even on the go. Cornhusker Bank's online and mobile banking platforms receive moderate feedback from users. The Cornhusker Bank mobile app is rated at 3.7 out of 5 (with 40 reviews on iOS and Android) compared to the national average of 3.8. Cornhusker Bank's mobile app allows you to manage your finances by checking account balances, sending and receiving funds as well as reaching customer service. Cornhusker Bank gets a superb consumer satisfaction rating based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 owning assets totaling $578 million and deposits totaling $513 million. Cornhusker Bank's Texas Ratio is 2.63%, suggesting that Cornhusker Bank is in excellent financial condition 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: 2.12% APY
  • 24 Month: 2.32% APY
  • 36 Month: 2.58% APY
  • 48 Month: 2.63% APY
  • 60 Month: 2.78% APY
$1000 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

Cornhusker Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Cornhusker Bank does not have the best savings rate, which means you should consider 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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