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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

Started in 2000, Nicolet National Bank has assets totaling $3 billion along with deposits totaling $3 billion, making the institution a large bank. Nicolet National Bank, whose headquarters are in Green Bay, Wisconsin, lacks premium access to customer service, 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. With a score of 4 stars out of 5, Nicolet National Bank should be near the middle of the pack in your search for a bank. Nicolet National Bank has the full package of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Nicolet National Bank has a fair savings rate compared to the average savings account. Banks that offer no-fee checking as well as a high interest rate savings account are the best bet for returning the highest income from your deposits alongside convenient access to your money.

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

Nicolet National Bank has a savings rate of 0.10%, which is poor in comparison to the national average. Nicolet National Bank's one-year and five-year term lengths CDs earn at a rate of 1.80% and 2.70%, respectively, while its highest-yielding money market account earns at a rate of 0.35%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

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 charges its customers high fees compared to the national average. For those who use cash often, Nicolet National Bank is fair because it charges an out-of-network ATM fee of $1.50, which is reasonable in comparison to the average U.S. bank. Nicolet National Bank does not refund out-of-network ATM fees, which means you will need to locate a Nicolet National Bank ATM or eat 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 a straightforward mobile-banking experience. Nicolet National Bank gets moderate feedback from users for its mobile app. Out of 76 customer reviews across both Apple and Android platforms, the Nicolet National Bank mobile app is scored at 3.5 out of 5 (compared to the national average of 3.8). Nicolet National Bank's mobile app lets you control your accounts by looking at current statements, sending and receiving money as well as reaching customer service. Nicolet National Bank gets an outstanding consumer satisfaction rating based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 with assets totaling $3 billion and $3 billion in deposits. It has an excellent Texas Ratio of 3.31%, denoting that the bank is in outstanding financial shape and unlikely to fail. 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 like 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 in comparison to the average U.S. bank.

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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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