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

State Bank of Cross Plains Review

Your Details Done
by Updated
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 $936 million in assets as well as deposits totaling $812 million, classifying it as a medium-size bank. State Bank of Cross Plains, whose headquarters are in Cross Plains, Wisconsin, lacks premium access to support representatives, 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 offerings. SmartAsset experts rated State Bank of Cross Plains 3.8 stars out of 5, indicating that it is an acceptable bank choice, but may leave you wanting more. State Bank of Cross Plains offers a complete 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; you can find higher rates with other banks. The bank's standard checking product features a $5.00 monthly fee, which ranks on the higher end of monthly fees. Institutions that offer free checking and a high savings APY are the best bet for gaining the most income from your deposits alongside convenient access to your money.

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 compared to other U.S. banks. 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 earns at an APY of 0.10%. Given its below average 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 0.26 Compare Offers
Back to Overview

Fees

3.6
SmartAsset Average: 4.4

State Bank of Cross Plains generally has above-average fees compared to other U.S. banks. State Bank of Cross Plains's checking account has a monthly fee of $5.00, rating it fair for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is less than ideal because it charges an out-of-network ATM fee of $2.50, which is less than the best option compared to the national average. Also, it has an overdraft fee of $35.00, which is on par with that of other U.S. banks. State Bank of Cross Plains doesn't refund out-of-network ATM fees, which means you will have to locate a State Bank of Cross Plains ATM or pay the withdrawal fee.

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
Back to Overview

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 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 gets average marks from users for its mobile banking services. The State Bank of Cross Plains mobile app is rated at 3.7 out of 5 (out of 34 customer reviews on iOS and Android) compared to the national average of 3.8. State Bank of Cross Plains's mobile app allows you to control your funds by monitoring current statements, sending and receiving money as well as accessing support representatives. State Bank of Cross Plains receives an outstanding consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government 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
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

State Bank of Cross Plains ranks as a medium-size bank owning $936 million in assets and $812 million in deposits. State Bank of Cross Plains has an excellent Texas Ratio of 3.82%, denoting that the bank is in terrific financial shape and unlikely to fail. 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.

Back to Overview

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 Account 0.05% APY $1

State Bank of Cross Plains has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. State Bank of Cross Plains 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. State Bank of Cross Plains's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a State Bank of Cross Plains Near Me

State Bank of Cross Plains has nine locations 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