Loading
Tap on the profile icon to edit
your financial details.

DMB Community Bank Review

Your Details Done
by Updated
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
DMB Community Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1922, DMB Community Bank has $470 million in assets along with $396 million in deposits, ranking the institution as a medium-size bank. DMB Community Bank, whose headquarters are in De Forest, Wisconsin, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional 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 3.9 stars out of 5, DMB Community Bank should be near the middle of the pack in your search for a bank. DMB Community Bank has the full selection of banking products, including 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. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same bank is the best bet for accruing the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

DMB Community Bank has a savings rate of 0.03%, which is poor in comparison to other U.S. banks. DMB Community Bank's one-year CD earns at a rate of 0.19%, while its highest-yielding money market account has an APY of 0.08%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How DMB Community Bank's Savings Rates Compare

DMB Community Bank Savings 0.03 National Average 0.26 Compare Offers
Back to Overview

Fees

NR
SmartAsset Average: 4.4

There is insufficient data on DMB Community Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.0
SmartAsset Average: 3.7

DMB Community Bank is a brick-and-mortar bank, with one total bank locations in Wisconsin. With mobile and web apps, DMB Community Bank makes mobile banking easy, even on the go. DMB Community Bank's online and mobile banking services receive fairly positive scores from customers. The DMB Community Bank mobile app has been given a 4.1 out of 5 (out of 8 ratings on Apple and Android) compared to the national average of 3.8. You can use DMB Community Bank's app to manage your bank accounts by checking account balances, sending and receiving funds as well as reaching customer service. DMB Community Bank gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

DMB Community Bank is currently a medium-size bank and has $470 million in assets and deposits totaling $396 million. DMB Community Bank has an excellent Texas Ratio of 1.85%, signifying that the bank is in terrific financial shape and far from failure. Additionally, DMB Community 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 DMB Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $40
Checking Account 0.02% APY $2500
Certificates of Deposit
  • 12 Month: 0.19% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.57% APY
  • 48 Month: 0.75% APY
$500 for all terms
Money Market Accounts 0.05% APY 0.08% APY $10000 $15000

DMB Community Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. DMB Community Bank does not have the best savings rate, which means you should think about taking a look elsewhere 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. DMB Community Bank's CD rates are fair compared to the average U.S. bank.

Back to Overview

Find a DMB Community Bank Near Me

DMB Community Bank has one locations in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure