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Platte Valley Bank Review

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Platte Valley Bank Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Platte Valley Bank first started operating in 1996 and its headquarters are located in Scottsbluff, Nebraska. Platte Valley Bank owns assets of $567 million along with $464 million in deposits, ranking it as a medium-size bank. Platte Valley Bank lacks premium access to support representatives, 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. We ranked Platte Valley Bank at a 4.2 stars out of 5, suggesting it is a great bank that you should seriously consider. Platte Valley Bank has a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Platte Valley Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Platte Valley Bank offers an option without a maintenance or monthly fee. Locating an institution with free checking and a high savings APY is your best option for getting the highest income on 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 0.35%, Platte Valley Bank ranks poorly compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.76% and 2.51%, respectively, while its highest-yielding money market account has a rate of 0.50%. Given Platte Valley Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Platte Valley Bank's Savings Rates Compare

Platte Valley Bank Savings 0.35 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Platte Valley Bank charges its customers extremely low fees compared to the national average. With no monthly fee, Platte Valley Bank is ideal for people who want a basic banking experience. For those who often visit the ATM, it is ideal because it has no out-of-network ATM fees. Additionally, Platte Valley Bank has an overdraft fee of $25.00, which is significantly lower than the national average. Platte Valley Bank refunds their out-of-network ATM charges, which means easy access to cash at any time.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee $25.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Platte Valley Bank is a brick-and-mortar bank, with seven total branches in Nebraska. With mobile and web apps, Platte Valley Bank makes account access convenient, even on the go. Platte Valley Bank's online and mobile banking platforms receive poor feedback from users. With 7 customer reviews across Apple and Android platforms, the Platte Valley Bank mobile app has an overall rating of 3.3 out of 5 (compared to the national average of 3.8). You can use Platte Valley Bank's app to manage your finances by monitoring current statements, sending and receiving funds as well as accessing support representatives. Platte Valley Bank gets an exceptional consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Platte Valley Bank is a medium-size bank owning assets totaling $567 million and deposits totaling $464 million. It has a strong Texas Ratio of 7.84%, denoting that the bank is in fine financial shape and improbable to fail. Additionally, Platte Valley 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 Platte Valley Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $1
Checking Account 0.15% APY $500
Certificates of Deposit
  • 12 Month: 1.76% APY
  • 24 Month: 2.11% APY
  • 36 Month: 2.31% APY
  • 48 Month: 2.36% APY
  • 60 Month: 2.51% APY
$1000 for all terms
Money Market Account 0.4% APY $5000

Platte Valley 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. Platte Valley Bank does not have the best savings rate, which means you should consider taking a look 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. Platte Valley Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Platte Valley Bank Near Me

Platte Valley Bank has seven locations in the U.S.

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