Founded in 1922, DMB Community Bank has $470 million in assets along with $396 million in deposits, ranking it 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 conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a score of 3.9 out of 5 stars, DMB Community Bank should be near the middle of the pack in your search for a bank. DMB Community Bank provides customers with a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. DMB Community Bank has a fair savings rate; other popular banks have higher rates. Finding an institution with no-fee checking as well as a high savings APY is the best bet for accruing the most income from your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.03%, DMB Community Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.19%, while its highest-yielding money market account has a rate of 0.08%. Given DMB Community Bank's poor savings rate, you should think about taking a look at other banks for savings accounts.
How DMB Community Bank's Savings Rates Compare
There is insufficient data on DMB Community Bank's fees to provide a full SmartAsset rating.
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 gets fairly high marks from customers for its online presence. With 8 ratings across both Apple and Android platforms, the DMB Community Bank mobile app has an overall rating of 4.1 out of 5 (compared to the national average of 3.8). DMB Community Bank's mobile app lets you manage your finances by monitoring account balances, transferring funds and accessing customer service. DMB Community Bank gets a superb consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
DMB Community Bank ranks as a medium-size bank owning $470 million in assets as well as deposits totaling $396 million. DMB Community Bank has an excellent Texas Ratio of 1.85%, denoting that DMB Community Bank is in outstanding financial health 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
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.03% APY||$40|
|Checking Account||0.02% APY||$2500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Account||0.05% APY||$1|
DMB Community 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. DMB Community Bank does not have the best savings rate, which means you should think about looking 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 in comparison to the national average.Back to Overview
Find a DMB Community Bank Near Me
DMB Community Bank has one branches across the U.S.Back to Overview