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State Bank of Cross Plains Review

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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
State Bank of Cross Plains Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1908, State Bank of Cross Plains has assets totaling $936 million and $812 million in deposits, making it a medium-size bank. State Bank of Cross Plains, whose headquarters are in Cross Plains, Wisconsin, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, State Bank of Cross Plains is an average bank that leaves room for improvement, with a rating of 3.8 out of 5 stars from our team. State Bank of Cross Plains has a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. State Bank of Cross Plains has a fair savings rate compared to the average savings account. The bank's standard checking account has a monthly fee of $5.00, making it a rather expensive bank for checking. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best option for gaining the most income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.05%, State Bank of Cross Plains ranks poorly in comparison to the national average. State Bank of Cross Plains's one-year and five-year term lengths CDs earn at a rate of 0.25% and 1.26%, respectively, while its highest-yielding money market account has a rate of 0.10%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How State Bank of Cross Plains's Savings Rates Compare

State Bank of Cross Plains Savings 0.05 National Average 0.26 Compare Offers
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Fees

3.6
SmartAsset Average: 4.4

State Bank of Cross Plains charges customers above-average fees in comparison to the national average. State Bank of Cross Plains's checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is not great because it charges an out-of-network ATM fee of $2.50, which is not great compared to other U.S. banks. Additionally, at $35.00, its overdraft fee is lower than the average U.S. overdraft fee. State Bank of Cross Plains doesn't refund out-of-network ATM fees, meaning you'll need to find a State Bank of Cross Plains ATM or eat the cost of withdrawal.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee $2.50 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.8
SmartAsset Average: 3.7

State Bank of Cross Plains is a brick-and-mortar bank, with nine total branches in Wisconsin. It also offers access to mobile and web apps for simple access and banking on the go. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 5:30 p.m. CT; Saturday, and 8:00 a.m. to 12:00 p.m. CT. State Bank of Cross Plains's online and mobile banking platforms get moderate feedback from users. With 34 ratings on iOS and Android platforms, the State Bank of Cross Plains mobile app rates a 3.7 out of 5 (compared to the national average of 3.8). You can use State Bank of Cross Plains's app to control your accounts by checking account balances, sending and receiving funds as well as accessing support representatives. State Bank of Cross Plains gets a superb consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

State Bank of Cross Plains is a medium-size bank and has $936 million in assets and $812 million in deposits. State Bank of Cross Plains's Texas Ratio is 3.82%, suggesting a negligible possibility of failure. Additionally, State Bank of Cross Plains is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.82%
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 State Bank of Cross Plains to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $200
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.55% APY
  • 48 Month: 0.65% APY
  • 60 Month: 1.26% APY
$2500 for all terms
Money Market Accounts 0.05% APY 0.1% APY $10000 $15000

State Bank of Cross Plains has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. State Bank of Cross Plains does not have the best savings rate, which means you should consider 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. State Bank of Cross Plains's CD rates are fair compared to the average U.S. bank.

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Find a State Bank of Cross Plains Near Me

State Bank of Cross Plains has nine branches in the U.S.

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