Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Home State Bank Review

Your Details Done
by Updated
Home State Bank Savings
0.07% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Home State Bank was founded in 1915 with its headquarters in Crystal Lake, Illinois. It owns $578 million in assets and $499 million in deposits, ranking it as a medium-size bank. Home State Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave Home State Bank a 3.5 out of 5 stars, suggesting it is a decent bank that leaves room for improvement. Home State Bank offers a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Home State Bank has a fair savings rate; you can find higher rates with other banks. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same institution is the best bet for accruing the most income from your deposits alongside convenient 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 0.07%, Home State Bank ranks poorly compared to the national average. Home State Bank's CDs feature a rate of 0.20% and 1.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its poor savings rate, you should consider looking at the competition to open savings accounts.

How Home State Bank's Savings Rates Compare

Home State Bank Savings 0.07 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

There is insufficient data on Home State 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

SmartAsset Average: 3.7

Home State Bank is a brick-and-mortar bank, with eight total bank locations in Illinois. With mobile and web apps, Home State Bank makes account access easy, even on the go. Home State Bank's online and mobile banking platforms get moderate scores from customers. The Home State Bank mobile app has been given a 3.6 out of 5 (with 24 reviews on Apple and Android) compared to the national average of 3.8. Home State Bank's mobile app lets you control your bank accounts by checking current statements, sending and receiving funds and accessing customer service. Home State Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Home State Bank ranks as a medium-size bank with assets totaling $578 million as well as deposits totaling $499 million. Home State Bank's Texas Ratio is 23.79%, denoting that Home State Bank is in fine financial shape. Additionally, Home 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

High Risk 75% 50% 20% 10% Low Risk

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 Home State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.07% APY $1
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.50% APY
  • 48 Month: 0.65% APY
  • 60 Month: 1.00% APY
$1000 for all terms
Money Market Account 0.09% APY $10000

Home State Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Home State Bank does not have the best savings rate, which means you should consider 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. Home State Bank's CD rates are fair compared to the national average.

Back to Overview

Find a Home State Bank Near Me

Home State Bank has eight physical locations across 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