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State Bank of Lizton Review

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State Bank of Lizton Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

State Bank of Lizton started in 1910 and its headquarters are located in Lizton, Indiana. State Bank of Lizton has 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 support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave State Bank of Lizton a 3.9 stars out of 5, which means it is a respectable bank that deserves your consideration. State Bank of Lizton offers a complete selection 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. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best option for returning the most income on your deposits while maintaining convenient access to your funds.

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

State Bank of Lizton features a savings rate of 0.03%, which is fair compared to the average U.S. bank. Its one-year CD has a rate of 0.20% and the five-year CD has a rate of 1.50%, while its highest-yielding money market account earns at an APY of 0.10%. Given its below average savings rate, you should consider looking at the competition to open savings accounts.

How State Bank of Lizton's Savings Rates Compare

State Bank of Lizton Savings 0.03 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 branches in Indiana. With mobile and web apps, State Bank of Lizton makes account access convenient, even on the go. State Bank of Lizton gets reasonably satisfactory scores from users for its mobile app. The State Bank of Lizton mobile app scored a 4.1 out of 5 (out of 27 reviews on iOS and Android) compared to the national average of 3.8. State Bank of Lizton's mobile app lets you control your finances by looking at current statements, sending and receiving money and reaching support representatives. State Bank of Lizton receives an outstanding consumer satisfaction rating based on relatively few complaints filed with 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 owning $474 million in assets as well as $414 million in deposits. Its Texas Ratio is 5.94%, suggesting that the bank is in fine financial health and improbable to fail. 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 0.03% APY $25
Checking Account 0.03% APY $1
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.45% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.50% APY
$1000 for all terms
Money Market Account 0.08% APY $2500

State Bank of Lizton offers 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 Lizton does not have the best savings rate, which means you should consider taking a look 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 branches across the U.S.

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