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Nicolet National Bank Review

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

Overview

Nicolet National Bank was founded in 2000 with its headquarters in Green Bay, Wisconsin. Nicolet National Bank has $3 billion in assets along with $3 billion in deposits, classifying it as a large bank. Nicolet National Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Nicolet National Bank is a good bank that deserves your consideration, with a score of 4.0 out of 5 stars from the SmartAsset team. Nicolet National Bank offers a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. Finding an institution with no-fee checking, in addition to a high interest rate savings account is your best bet for accruing the most income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.9
SmartAsset Average: 3.5

With a savings rate of 0.10%, Nicolet National Bank ranks poorly compared to the average U.S. bank. Its CDs feature a rate of 1.80% and 2.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.35%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Nicolet National Bank's Savings Rates Compare

Nicolet National Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

3.5
SmartAsset Average: 4.4

Nicolet National Bank has generally high fees in comparison to the average U.S. bank. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $1.50, which is reasonable in comparison to the average U.S. bank. Nicolet National Bank doesn't refund out-of-network ATM fees, meaning you'll be required to locate a Nicolet National Bank ATM or accept the cost of withdrawal.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.7
SmartAsset Average: 3.7

Nicolet National Bank is a brick-and-mortar bank, with 38 total bank locations in Michigan and Wisconsin. It also offers access to mobile and web apps for easy access and banking on the go. Nicolet National Bank receives fair feedback from users for its mobile banking services. The Nicolet National Bank mobile app has been given a 3.5 out of 5 (out of 76 reviews on iOS and Android) compared to the national average of 3.8. You can use Nicolet National Bank's mobile app to control your accounts by checking account balances, sending and receiving money as well as reaching support representatives. Nicolet National Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Nicolet National Bank ranks as a large bank owning assets totaling $3 billion and deposits totaling $3 billion. Its Texas Ratio is 3.31%, denoting a negligible likelihood of failure. Additionally, Nicolet National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.31%
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 Nicolet National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Certificates of Deposit
  • 12 Month: 1.80% APY
  • 24 Month: 2.25% APY
  • 36 Month: 2.40% APY
  • 48 Month: 2.55% APY
  • 60 Month: 2.70% APY
$1000 for all terms
Money Market Account 0.35% APY $5000

Nicolet National 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. Nicolet National 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. Nicolet National Bank's CD rates are fair as compared against the national average.

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Find a Nicolet National Bank Near Me

Nicolet National Bank has 38 physical locations in the U.S.

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