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Mound City Bank Review

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


Mound City Bank first started operating in 1915 with its headquarters in Platteville, Wisconsin. Mound City Bank handles $361 million in assets and deposits totaling $299 million, ranking it as a small bank. Mound City Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. On the whole, Mound City Bank is a solid pick to be your bank, with a score of 4.4 stars out of 5 from the SmartAsset experts. Mound City Bank has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, 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, Mound City Bank's most basic checking does not have a monthly charge. Using a bank with no-fee checking, in addition to a high interest rate savings account is the best bet for getting the most income on 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

Mound City Bank features a savings rate of 0.10%, which is fair in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 1.00% and 2.37%, respectively, while its highest-yielding money market account earns at a rate of 0.45%. Given its below average savings rate, you should think about other options to earn more on your deposits.

How Mound City Bank's Savings Rates Compare

Mound City Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Mound City Bank has generally extremely low fees in comparison to the average U.S. bank. With no monthly fee, Mound City Bank's checking account is perfect for those who need an easy checking account. Mound City Bank unfortunately does not reimburse out-of-network ATM fees, meaning you'll have to search for a Mound City Bank ATM or accept the fee.

Monthly Fee $0 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

SmartAsset Average: 3.7

Mound City Bank is a brick-and-mortar bank, with six total bank locations in Wisconsin. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Mound City Bank's online and mobile banking platforms get high marks from users. With 15 customer reviews across both iOS and Android platforms, the Mound City Bank mobile app rates a 4.7 out of 5 (compared to the national average of 3.8). Mound City Bank's mobile app lets you control your finances by looking at account balances, transferring money and accessing customer service. Mound City Bank gets an excellent consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Mound City Bank is a small bank and owns assets totaling $361 million and $299 million in deposits. Its Texas Ratio is 1.34%, denoting that the bank is in superb financial shape and far from failure. Additionally, Mound City 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 Mound City Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.30% APY
  • 36 Month: 1.65% APY
  • 48 Month: 2.12% APY
  • 60 Month: 2.37% APY
$2500 for all terms
Money Market Account 0.35% APY $10000

Mound City Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Mound City Bank does not have the best savings rate, which means you should think about 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. Mound City Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Mound City Bank Near Me

Mound City Bank has six physical locations in the U.S.

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