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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

State Bank of Cross Plains was founded in 1908 with headquarters located in Cross Plains, Wisconsin. It has assets of $936 million along with $812 million in deposits, which makes it a medium-size bank. State Bank of Cross Plains lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With an average 3.8 out of 5 stars, State Bank of Cross Plains proves it is a bank with better alternatives. State Bank of Cross Plains provides customers with a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account carries a $5.00 monthly fee, which ranks on the higher end of monthly fees. Finding a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for gaining the most income from your deposits while maintaining easy 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

State Bank of Cross Plains has a savings rate of 0.05%, which is poor in comparison to the average U.S. bank. Its 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 State Bank of Cross Plains's poor savings rate, you should think about taking a look at other banks for savings accounts.

How State Bank of Cross Plains's Savings Rates Compare

State Bank of Cross Plains Savings 0.05 National Average 0.09 Compare Offers
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Fees

3.6
SmartAsset Average: 4.4

State Bank of Cross Plains charges its customers above-average fees in comparison to the average U.S. bank. At $5.00 per month, State Bank of Cross Plains's checking account is not the best option for those who want an easy checking account. For those who will need cash in a pinch, State Bank of Cross Plains is less than great because it charges an out-of-network ATM fee of $2.50, which is not the best product compared to the national average. Additionally, at $35.00, its overdraft fee is lower than the national average. State Bank of Cross Plains doesn't reimburse out-of-network ATM charges, meaning you will be required to locate 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 an easy 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, 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 fair marks from customers. With 34 customer reviews on iOS and Android platforms, the State Bank of Cross Plains mobile app has an overall rating of 3.7 out of 5 (compared to the national average of 3.8). State Bank of Cross Plains's mobile app allows you to manage your bank accounts by checking current statements, sending and receiving money and reaching customer service. State Bank of Cross Plains receives a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 ranks as a medium-size bank with $936 million in assets as well as deposits totaling $812 million. State Bank of Cross Plains's Texas Ratio is 3.82%, indicating a minute chance 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 offers several deposit products like 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 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. State Bank of Cross Plains's CD rates are fair in comparison to other U.S. banks.

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Find a State Bank of Cross Plains Near Me

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

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