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Horicon Bank Review

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Horicon Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Horicon Bank started in 1896 with its headquarters in Horicon, Wisconsin. Horicon Bank manages $694 million in assets as well as deposits totaling $617 million, which makes it a medium-size bank. Horicon Bank has above-average customer service access with all-day support available, great for getting help during the work week. 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. With a score of 4.4 stars out of 5, Horicon Bank should be solidly in contention for your choice of bank. Horicon Bank has a full suite 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, Horicon Bank's standard checking account does not carry a monthly maintenance 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 bet for gaining the most income on your deposits while having convenient access to your money.

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 0.05%, Horicon Bank ranks poorly as compared against the national average. Its one-year CD has a rate of 1.15% and the five-year CD earns at a rate of 2.01%, while its highest-yielding money market account has a rate of 0.15%. Given its poor savings rate, you should think about other options to earn more on your deposits.

How Horicon Bank's Savings Rates Compare

Horicon Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Horicon Bank charges its customers extremely low fees in comparison to the national average. With no monthly fee, Horicon Bank's checking account is perfect for those who want a hassle-free checking account. Additionally, at $30.00, Horicon Bank has a significantly lower overdraft fee compared to the average overdraft fee charged by U.S. banks. Horicon Bank does not refund out-of-network ATM charges, which means you'll be required to locate a Horicon Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Horicon Bank is a brick-and-mortar bank, with 15 total bank locations in Wisconsin. With mobile and web apps, Horicon Bank makes mobile banking convenient, even on the go. It provides all-day customer service. Horicon Bank gets moderate feedback from users for its mobile platform. With 46 customer reviews on iOS and Android platforms, the Horicon Bank mobile app is scored at 3.9 out of 5 (compared to the national average of 3.8). You can use Horicon Bank's mobile app to manage your accounts by reviewing account balances, sending and receiving funds and accessing customer service. Horicon Bank gets an exceptional 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 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Horicon Bank ranks as a medium-size bank with $694 million in assets and $617 million in deposits. Horicon Bank's Texas Ratio is 5.40%, denoting a tiny chance of failure. Additionally, Horicon 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.

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Compare Horicon Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $250
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.15% APY
  • 24 Month: 1.35% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.76% APY
  • 60 Month: 2.01% APY
$1000 for all terms
Money Market Account 0.15% APY $1

Horicon 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. Horicon Bank does not have the best savings rate, which means you should consider 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. Horicon Bank's CD rates are fair compared to the national average.

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Find a Horicon Bank Near Me

Horicon Bank has 15 physical locations across the U.S.

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