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Peoples State Bank Review

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


Established in 1915, Peoples State Bank has $771 million in assets and $644 million in deposits, classifying the institution as a medium-size bank. Peoples State Bank, whose headquarters are in Prairie Du Chien, Wisconsin, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.4 stars out of 5, Peoples State Bank should be solidly in contention for your choice of bank. Peoples State Bank has numerous product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Peoples State Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Peoples State Bank offers an option without a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best option for returning the most income on your deposits while having 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

With a savings rate of 0.10%, Peoples State Bank ranks poorly compared to the average U.S. bank. Peoples State Bank's one-year CD earns at a rate of 1.00% and the five-year CD earns at a rate of 2.92%, while its highest-yielding money market account has a rate of 0.40%. Given its below average savings rate, you should think about other options to earn more on your deposits.

How Peoples State Bank's Savings Rates Compare

Peoples State Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Peoples State Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Peoples State Bank is ideal for people who want a simple checking account. Additionally, it has an overdraft fee of $30.00, which is noticeably less than the average U.S. overdraft fee. Peoples State Bank unfortunately does not refund out-of-network ATM charges, meaning you'll have to find a Peoples State 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 $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Peoples State Bank is a brick-and-mortar bank, with 18 total branches in Iowa and Wisconsin. It also offers access to mobile and web apps for an easy mobile-banking experience. Peoples State Bank gets fairly high praise from customers for its mobile platform. The Peoples State Bank mobile app has an overall rating of 4.3 out of 5 (out of 33 ratings on Apple and Android) compared to the national average of 3.8. You can utilize Peoples State Bank's app to manage your accounts by looking at monthly statements, sending and receiving funds and reaching support representatives. Peoples State Bank receives a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Peoples State Bank is a medium-size bank with $771 million in assets as well as $644 million in deposits. Its Texas Ratio is 3.27%, signifying a negligible likelihood of failure. Additionally, Peoples State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Peoples State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $10
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.10% APY
  • 36 Month: 2.31% APY
  • 48 Month: 2.11% APY
  • 60 Month: 2.92% APY
$10000 for all terms
Money Market Account 0.25% APY $10000

Peoples State Bank has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Peoples State Bank does not have the best savings rate, which means you should think about 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. Peoples State Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Peoples State Bank Near Me

Peoples State Bank has 18 locations across the U.S.

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