Loading
Tap on the profile icon to edit
your financial details.

Marquette Savings Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Marquette Savings Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1908, Marquette Savings Bank has assets totaling $842 million and deposits totaling $683 million, making it a medium-size bank. Marquette Savings Bank, whose headquarters are in Erie, Pennsylvania, lacks premium access to support representatives, with no live chat or all-day service options available. 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. Coming in at a commendable 4.1 stars out of 5, Marquette Savings Bank proves it is a good bank that deserves your consideration. Marquette Savings Bank has a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Marquette Savings Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Marquette Savings Bank's most basic checking account does not carry a monthly charge. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is the best bet for returning the most income on your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.10%, Marquette Savings Bank ranks poorly compared to the national average. Marquette Savings Bank's one-year CD earns at a rate of 0.35% and the five-year CD has a rate of 1.41%, while its highest-yielding money market account earns at a rate of 0.40%. Given Marquette Savings Bank's poor savings rate, you should consider looking at the competition to open savings accounts.

How Marquette Savings Bank's Savings Rates Compare

Marquette Savings Bank Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

4.8
SmartAsset Average: 4.4

On average, Marquette Savings Bank charges customers extremely low fees in comparison to the national average. Marquette Savings Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Additionally, Marquette Savings Bank has an overdraft fee of $32.00, which is lower than the average U.S. overdraft fee. Marquette Savings Bank does not refund out-of-network ATM fees, meaning you will have to search for a Marquette Savings Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
Back to Overview

Service Quality

3.9
SmartAsset Average: 3.7

Marquette Savings Bank is a brick-and-mortar bank, with 12 total branches in Pennsylvania. With mobile and web apps, Marquette Savings Bank makes account access straightforward, even on the go. Marquette Savings Bank gets fair reviews from customers for its online presence. The Marquette Savings Bank mobile app rates a 3.9 out of 5 (out of 44 customer reviews on iOS and Android) compared to the national average of 3.8. Marquette Savings Bank's mobile app lets you manage your funds by checking monthly statements, sending and receiving money and reaching customer service. Marquette Savings Bank gets a superb consumer satisfaction rating based on comparatively few 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
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

Marquette Savings Bank ranks as a medium-size bank and manages assets totaling $842 million and $683 million in deposits. Its Texas Ratio is 2.97%, suggesting a negligible likelihood of failure. Additionally, Marquette Savings 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 Marquette Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.55% APY
  • 36 Month: 0.65% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.41% APY
$500 for all terms
Money Market Accounts 0.4% APY 0.4% APY $10000 $15000

Marquette Savings Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Marquette Savings 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. Marquette Savings Bank's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Marquette Savings Bank Near Me

Marquette Savings Bank has 12 locations in 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