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Glenview State Bank Review

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Glenview State Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1920, Glenview State Bank has $1 billion in assets along with deposits totaling $1 billion, ranking it as a medium-size bank. Glenview State Bank, whose headquarters are in Glenview, Illinois, has above-average customer service access with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 3.7 out of 5 stars, Glenview State Bank should be near the middle of the pack in your search for a bank. Glenview State Bank has a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking account features a monthly fee of $10.00, although banks sometimes have requirements that allow you to waive the fee. Finding an institution with no-fee checking and a high savings APY is the best option for gaining the highest income on 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

3.7
SmartAsset Average: 3.5

With a savings rate of 0.10%, Glenview State Bank ranks poorly in comparison to the average U.S. bank. Its CDs feature a rate of 1.51% and 0.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.25%. Given Glenview State Bank's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Glenview State Bank's Savings Rates Compare

Glenview State Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

On average, Glenview State Bank charges its customers high fees in comparison to the average U.S. bank. At $10.00 per month, Glenview State Bank is less than great for those who want a basic banking experience. Glenview State Bank does not reimburse out-of-network ATM charges, meaning you'll have to locate a Glenview State Bank ATM or accept the withdrawal fee.

Monthly Fee $10.00 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

4.2
SmartAsset Average: 3.7

Glenview State Bank is a brick-and-mortar bank, with seven total branches in Illinois. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:00 a.m. to 7:00 p.m. CT; Saturday, and 7:00 a.m. to 1:00 p.m. CT. Additionally, Glenview State Bank offers a live chat feature, a helpful way to reach a representative during the work day. Glenview State Bank's online and mobile banking services get reasonably satisfactory ratings from customers. Out of 39 ratings on both Apple and Android platforms, the Glenview State Bank mobile app rates a 4.0 out of 5 (compared to the national average of 3.8). You can use Glenview State Bank's mobile app to control your finances by checking monthly statements, sending and receiving funds and reaching customer service. Glenview State Bank receives a superb consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

5.0
SmartAsset Average: 4.8

Glenview State Bank is a medium-size bank with assets totaling $1 billion as well as $1 billion in deposits. Glenview State Bank's Texas Ratio is 0.07%, denoting that the bank is in excellent financial well-being and improbable to fail. Additionally, Glenview 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 Glenview State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.02% APY $1
Certificates of Deposit
  • 12 Month: 1.51% APY
  • 24 Month: 2.32% APY
  • 36 Month: 0.50% APY
  • 48 Month: 0.50% APY
  • 60 Month: 0.70% APY
$1000 for all terms
Money Market Account 0.2% APY $1

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

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Find a Glenview State Bank Near Me

Glenview State Bank has seven physical branches across the U.S.

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