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Starion Bank Review

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


Starion Bank was founded in 1993 and is headquartered in Bismarck, North Dakota. Starion Bank handles $1 billion in assets and deposits totaling $1 billion, which makes it a medium-size bank. Starion Bank has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. We gave Starion Bank a 3.9 stars out of 5, which means it is a good bank that warrants your consideration. Starion Bank provides customers with the basic package of banking products, including savings accounts, checking accounts, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking account features a monthly fee of $5.95, making it a rather expensive bank for checking. Institutions that offer free checking and a high interest rate savings account are your best option for getting the highest income on your deposits while having easy 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

Starion Bank has a savings rate of 0.05%, which is poor compared to other U.S. banks. Starion Bank's one-year CD has a rate of 1.05% and the five-year CD earns at a rate of 2.15%, while its highest-yielding money market account earns at an APY of 0.13%. Given Starion Bank's poor savings rate, you should think about taking a look at other banks for savings accounts.

How Starion Bank's Savings Rates Compare

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

On average, Starion Bank charges customers high fees compared to other U.S. banks. Starion Bank's checking account has a monthly fee of $5.95, making it fair for anyone looking for a simple account. For those who will need cash in a pinch, Starion Bank is perfect because it charges no out-of-network ATM fees. Starion Bank does not reimburse out-of-network ATM charges, meaning you will be required to find a Starion Bank ATM or accept the fee.

Monthly Fee $5.95 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Starion Bank is a brick-and-mortar bank, with 15 total bank locations in North Dakota and Wisconsin. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 7:00 a.m. to 6:00 p.m CT. Starion Bank also offers a live chat feature, a helpful way to reach a representative during the work day. Starion Bank receives reasonably high marks from customers for its mobile banking services. With 26 ratings across both iOS and Android platforms, the Starion Bank mobile app is scored at 4.0 out of 5 (compared to the national average of 3.8). Starion Bank's mobile app allows you to manage your bank accounts by looking at monthly statements, transferring funds as well as reaching customer service. Starion Bank receives a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

Starion Bank is currently a medium-size bank owning $1 billion in assets as well as $1 billion in deposits. Starion Bank's Texas Ratio is 5.67%, suggesting a small opportunity of failure. Additionally, Starion 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 Starion Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 1.0% APY $1
Certificates of Deposit
  • 12 Month: 1.05% APY
  • 24 Month: 1.40% APY
  • 36 Month: 1.75% APY
  • 48 Month: 1.85% APY
  • 60 Month: 2.15% APY
$2500 for all terms
Money Market Account 0.11% APY $10000

Starion Bank offers a basic array of deposit products including savings accounts and checking accounts. Starion 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. Starion Bank's CD rates are fair compared to the average U.S. bank.

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Find a Starion Bank Near Me

Starion Bank has 15 locations in the U.S.

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