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State Bank of Lizton Review

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State Bank of Lizton Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

State Bank of Lizton started in 1910 with headquarters in Lizton, Indiana. State Bank of Lizton handles assets of $474 million along with deposits totaling $414 million, classifying it as a medium-size bank. State Bank of Lizton lacks premium access to customer service, with no options for live chat or all-day service. 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. Overall, State Bank of Lizton is a good bank that deserves your consideration, with a score of 3.9 stars out of 5 from our experts. State Bank of Lizton has a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. State Bank of Lizton has a fair savings rate; other popular banks have higher rates. Banks that offer free checking and a high savings APY are the best option for getting the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
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 0.10%, State Bank of Lizton ranks poorly in comparison to the national average. State Bank of Lizton's CD rates are 0.80% and 1.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.35%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How State Bank of Lizton's Savings Rates Compare

State Bank of Lizton Savings 0.10 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on State Bank of Lizton'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
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Service Quality

4.0
SmartAsset Average: 3.7

State Bank of Lizton is a brick-and-mortar bank, with 11 total bank locations in Indiana. With mobile and web apps, State Bank of Lizton makes account access straightforward, even on the go. State Bank of Lizton's online and mobile banking platforms get reasonably high scores from users. The State Bank of Lizton mobile app is rated at 4.1 out of 5 (out of 27 reviews on Apple and Android) compared to the national average of 3.8. State Bank of Lizton's mobile app allows you to manage your accounts by looking at current statements, transferring funds and reaching support representatives. State Bank of Lizton gets 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 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

State Bank of Lizton ranks as a medium-size bank with $474 million in assets and deposits totaling $414 million. State Bank of Lizton has a strong Texas Ratio of 5.94%, suggesting a tiny opportunity of failure. Additionally, State Bank of Lizton is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.94%
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 Lizton to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $25
Checking Account 0.03% APY $1
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.20% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.50% APY
$1000 for all terms
Money Market Accounts 0.25% APY 0.35% APY $10000 $15000

State Bank of Lizton has 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 Lizton does not have the best savings rate, which means you should consider 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 Lizton's CD rates are fair in comparison to other U.S. banks.

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Find a State Bank of Lizton Near Me

State Bank of Lizton has 11 physical locations across the U.S.

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