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Park Bank Review

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Park Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1985, Park Bank has $944 million in assets as well as deposits totaling $816 million, which makes it a medium-size bank. Park Bank, whose headquarters are in Milwaukee, Wisconsin, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. 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. Overall, Park Bank is a good bank that gets the job done, with a score of 3.9 stars out of 5 from the SmartAsset team. Park Bank has the full slate of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Park Bank has a fair savings rate; you can find higher rates with other banks. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same institution is the best option for returning the most income from your deposits while maintaining convenient access to your money.

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

With a savings rate of 0.05%, Park Bank ranks poorly as compared against the national average. Park Bank's one-year CD earns at a rate of 1.25%, while its highest-yielding money market account earns at an APY of 0.20%. Given Park Bank's below average savings rate, you should think about taking a look at other banks for savings accounts.

How Park Bank's Savings Rates Compare

Park Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Park Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

Park Bank is a brick-and-mortar bank, with six total bank locations in Wisconsin. It also offers access to mobile and web apps for easy access and banking on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 8:30 a.m. to 5:00 p.m. CT, Saturday, and 9:00 a.m. to 12:00 p.m. CT. Additionally, Park Bank customers can access live chat for their banking questions or needs, giving customers an easy access point throughout the day. Park Bank's online and mobile banking services receive mediocre marks from users. With 15 customer reviews across both iOS and Android platforms, the Park Bank mobile app is scored at 2.0 out of 5 (compared to the national average of 3.8). Park Bank's mobile app allows you to manage your finances by reviewing current statements, sending and receiving funds as well as accessing customer service. Park Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 2.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

Park Bank is currently a medium-size bank with assets totaling $944 million and $816 million in deposits. Park Bank's Texas Ratio is 0.63%, signifying a negligible likelihood of failure. Additionally, Park 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 Park Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $200
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.10% APY
  • 48 Month: 2.20% APY
$1000 for all terms
Money Market Account 0.2% APY $2500

Park 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. Park 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. Park Bank's CD rates are fair compared to other U.S. banks.

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Find a Park Bank Near Me

Park Bank has six physical locations across the U.S.

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