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Coulee Bank Review

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Coulee Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Coulee Bank started in 1961 and its headquarters are located in La Crosse, Wisconsin. Coulee Bank handles assets of $356 million as well as $288 million in deposits, which makes it a small bank. Coulee Bank lacks premium access to customer service, 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 offerings. SmartAsset has rated Coulee Bank 3.7 out of 5 stars, indicating that it is an acceptable bank choice, but may leave you wanting more. Coulee Bank offers a full selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Coulee Bank has a fair savings rate; you can find higher rates with other banks. Banks that offer free checking and a high savings APY are your best bet for getting the highest income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.25%, Coulee Bank ranks poorly in comparison to the national average. Coulee Bank's one-year CD earns at a rate of 0.35%, while its highest-yielding money market account has an APY of 0.50%. Given Coulee Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Coulee Bank's Savings Rates Compare

Coulee Bank Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Coulee Bank charges its customers low fees as compared against the national average. Also, Coulee Bank has an overdraft fee of $32.00, which is lower than the average overdraft fee charged by U.S. banks. Coulee Bank unfortunately doesn't refund out-of-network ATM fees, which means you will have to find a Coulee Bank ATM or accept the cost of withdrawal.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Coulee Bank is a brick-and-mortar bank, with seven total branches in Minnesota and Wisconsin. It also offers access to mobile and web apps for easy access and banking on the go. You can utilize Coulee Bank's app to manage your bank accounts by monitoring current statements, transferring funds as well as accessing support representatives. Coulee Bank gets a superb consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
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

Coulee Bank is a small bank owning $356 million in assets and $288 million in deposits. Its Texas Ratio is 3.05%, indicating that Coulee Bank is in outstanding financial condition and improbable to fail. Additionally, Coulee Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.05%
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 Coulee Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $200
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.65% APY
  • 36 Month: 1.00% APY
$10000 for all terms
Money Market Accounts 0.5% APY 0.5% APY $10000 $15000

Coulee 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. Coulee 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. Coulee Bank's CD rates are fair compared to other U.S. banks.

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Find a Coulee Bank Near Me

Coulee Bank has seven branches across the U.S.

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