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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


Started in 1896, Horicon Bank has assets totaling $694 million as well as $617 million in deposits, which makes it a medium-size bank. Horicon Bank, whose headquarters are in Horicon, Wisconsin, has above-average customer service access with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.4 stars out of 5, Horicon Bank proves it is a solid contender in your bank search. Horicon Bank offers a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Horicon Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's most basic checking does not have a monthly maintenance charge. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is your best bet for returning 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

Horicon Bank features a savings rate of 0.05%, which is fair in comparison to the average U.S. bank. Its one-year CD has a rate of 1.15% and the five-year CD has a rate of 2.01%, while its highest-yielding money market account has an APY of 0.15%. Given Horicon Bank's 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

Horicon Bank charges customers extremely low fees compared to the average U.S. bank. Horicon Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Also, it has an overdraft fee of $30.00, which is noticeably lower than the average U.S. overdraft fee. Horicon Bank unfortunately does not reimburse out-of-network ATM fees, meaning you will have to find a Horicon Bank ATM or accept the cost of withdrawal.

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 branches in Wisconsin. With mobile and web apps, Horicon Bank makes account access straightforward, even on the go. It provides all-day access to representatives. Horicon Bank receives moderate feedback from users for its mobile banking services. The Horicon Bank mobile app rates a 3.9 out of 5 (out of 46 customer reviews on Apple and Android) compared to the national average of 3.8. You can use Horicon Bank's mobile app to control your finances by reviewing monthly statements, transferring funds as well as reaching support representatives. Horicon Bank gets a superb consumer satisfaction rating due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government 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 is currently a medium-size bank with $694 million in assets as well as deposits totaling $617 million. Horicon Bank's Texas Ratio is 5.40%, suggesting a small opportunity 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 to give you many options to manage your money. Horicon 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. Horicon Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Horicon Bank Near Me

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

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