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Dairy State Bank Review

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Dairy State Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Dairy State Bank was founded in 1953 and its headquarters are located in Rice Lake, Wisconsin. It has assets of $515 million and deposits totaling $432 million, making it a medium-size bank. Dairy State 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 4.4 out of 5 stars, Dairy State Bank should be solidly in contention for your choice of bank. Dairy State Bank has the complete slate of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Dairy State Bank offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best option for returning the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.30%, Dairy State Bank ranks poorly in comparison to the average U.S. bank. Dairy State Bank's CDs feature a rate of 1.45% and 2.45% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.95%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Dairy State Bank's Savings Rates Compare

Dairy State Bank Savings 0.30 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Dairy State Bank has generally extremely low fees compared to other U.S. banks. With no monthly fee, Dairy State Bank's checking account is perfect for those who need a hassle-free banking experience. Dairy State Bank unfortunately does not refund out-of-network ATM charges, which means you will be required to search for a Dairy State Bank ATM or accept the cost of withdrawal.

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

SmartAsset Average: 3.7

Dairy State Bank is a brick-and-mortar bank, with 12 total bank locations in Wisconsin. With mobile and web apps, Dairy State Bank makes mobile banking straightforward, even on the go. Dairy State Bank receives poor marks from customers for its mobile app. With 6 ratings across Apple and Android platforms, the Dairy State Bank mobile app rates a 3.0 out of 5 (compared to the national average of 3.8). Dairy State Bank's mobile app allows you to manage your bank accounts by checking monthly statements, sending and receiving money as well as accessing customer service. Dairy State Bank gets an excellent consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Dairy State Bank is a medium-size bank with assets totaling $515 million and $432 million in deposits. Its Texas Ratio is 1.38%, suggesting that the bank is in terrific financial condition and unlikely to fail. Additionally, Dairy State 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 Dairy State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $1
Checking Account 0.25% APY $500
Certificates of Deposit
  • 12 Month: 1.45% APY
  • 24 Month: 2.05% APY
  • 36 Month: 2.20% APY
  • 60 Month: 2.45% APY
$10000 for all terms
Money Market Account 0.6% APY $10000

Dairy State 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. Dairy State 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. Dairy State Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Dairy State Bank Near Me

Dairy State Bank has 12 branches across the U.S.

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