Loading
Tap on the profile icon to edit
your financial details.

Security Financial Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Security Financial Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Security Financial Bank started in 1934 with its headquarters in Durand, Wisconsin. It manages assets of $420 million as well as deposits totaling $320 million, ranking it as a medium-size bank. Security Financial Bank 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 apps. On the whole, Security Financial Bank is a respectable bank that deserves your consideration, with a score of 4.0 out of 5 stars from our team. Security Financial Bank offers a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Security Financial Bank has a fair savings rate compared to the average savings account. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best bet for getting the most income from your deposits while maintaining 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

3.2
SmartAsset Average: 3.5

Security Financial Bank features a savings rate of 0.15%, which is fair compared to other U.S. banks. Security Financial Bank's one-year CD has a rate of 1.00% and the five-year CD has a rate of 2.25%, while its highest-yielding money market account has a rate of 0.25%. Given Security Financial Bank's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Security Financial Bank's Savings Rates Compare

Security Financial Bank Savings 0.15 National Average 0.26 Compare Offers
Back to Overview

Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Security Financial 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
Back to Overview

Service Quality

3.7
SmartAsset Average: 3.7

Security Financial Bank is a brick-and-mortar bank, with four total bank locations in Wisconsin. It also offers access to mobile and web apps for easy access and banking on the go. Security Financial Bank gets moderate feedback from customers for its online presence. The Security Financial Bank mobile app has been given a 3.5 out of 5 (out of 6 reviews on iOS and Android) compared to the national average of 3.8. You can access Security Financial Bank's app to manage your finances by reviewing account balances, transferring funds and accessing customer service. Security Financial Bank gets a superb consumer satisfaction score based on relatively few complaints filed with 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
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

Security Financial Bank is a medium-size bank owning assets totaling $420 million and $320 million in deposits. Its Texas Ratio is 1.24%, signifying a low likelihood of failure. Additionally, Security Financial 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.

Back to Overview

Compare Security Financial Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $100
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.50% APY
  • 36 Month: 1.75% APY
  • 60 Month: 2.25% APY
$10000 for all terms
Money Market Accounts 0.2% APY 0.25% APY $10000 $15000

Security Financial 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. Security Financial 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. Security Financial Bank's CD rates are fair in comparison to other U.S. banks.

Back to Overview

Find a Security Financial Bank Near Me

Security Financial Bank has four branches across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure