CUSB Bank first started operating in 1888 with headquarters in Cresco, Iowa. CUSB Bank handles assets of $483 million as well as deposits totaling $404 million, ranking it as a medium-size bank. CUSB Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 3.8 out of 5 stars, CUSB Bank should be near the middle of the pack in your search for a bank. CUSB Bank offers a choice of product offerings, including savings accounts, checking accounts, CDs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, CUSB Bank's standard checking account does not have a monthly fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for gaining the most income on your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.25%, CUSB Bank ranks poorly in comparison to other U.S. banks. CUSB Bank's one-year CD earns at a rate of 1.35% and the five-year CD has a rate of 2.16%, while its highest-yielding money market account earns at an APY of 0.45%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.
How CUSB Bank's Savings Rates Compare
CUSB Bank has typically extremely low fees compared to other U.S. banks. With no monthly fee, CUSB Bank is perfect for those who want a simple checking account. CUSB Bank does not refund out-of-network ATM fees, which means you'll have to search for a CUSB Bank ATM or accept the withdrawal fee.
CUSB Bank is a brick-and-mortar bank, with five total branches in Iowa. With mobile and web apps, CUSB Bank makes account access convenient, even on the go. CUSB Bank's mobile app allows you to control your finances by looking at monthly statements, sending and receiving money and accessing support representatives. CUSB Bank gets an exceptional consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
CUSB Bank is currently a medium-size bank and owns assets totaling $483 million and deposits totaling $404 million. Its Texas Ratio is 20.25%, denoting that CUSB Bank is in decent financial condition. Additionally, CUSB 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 CUSB Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$1|
|Checking Account||0.25% APY||$1|
|Certificates of Deposit|| ||$5000 for all terms|
|Money Market Accounts||0.35% APY 0.45% APY||$10000 $15000|
CUSB Bank has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. CUSB 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. CUSB Bank's CD rates are fair compared to other U.S. banks.Back to Overview
Find a CUSB Bank Near Me
CUSB Bank has five branches across the U.S.Back to Overview