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The Citizens State Bank 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
The Citizens State Bank Savings
0.18% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1904, The Citizens State Bank has assets totaling $441 million and $337 million in deposits, which makes it a medium-size bank. The Citizens State Bank, whose headquarters are in Moundridge, Kansas, 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 in-person service, in addition to its online and mobile offerings. With a score of 4.5 stars out of 5, The Citizens State Bank should be solidly in contention for your choice of bank. The Citizens State Bank provides customers with a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The Citizens State Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Citizens State Bank's ordinary checking account does not have a monthly fee. Locating an institution with free checking and a high interest rate savings account is your best option for gaining the most income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

3.5
SmartAsset Average: 3.5

With a savings rate of 0.18%, The Citizens State Bank ranks poorly compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.95% and 2.00%, respectively, while its highest-yielding money market account has an APY of 0.25%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

How The Citizens State Bank's Savings Rates Compare

The Citizens State Bank Savings 0.18 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, The Citizens State Bank charges customers extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. The Citizens State Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you will need to locate a The Citizens State Bank ATM or eat the ATM charge.

Monthly Fee $0 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

4.3
SmartAsset Average: 3.7

The Citizens State Bank is a brick-and-mortar bank, with 13 total branches in Kansas. It also offers access to mobile and web apps for easy access and banking on the go. The Citizens State Bank gets great ratings from users for its mobile app. With 200 ratings across Apple and Android platforms, the The Citizens State Bank mobile app is scored at 4.7 out of 5 (compared to the national average of 3.8). You can use The Citizens State Bank's mobile app to control your bank accounts by monitoring monthly statements, sending and receiving funds and accessing customer service. The Citizens State Bank gets an excellent consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

The Citizens State Bank is currently a medium-size bank with $441 million in assets and $337 million in deposits. Its Texas Ratio is 1.06%, signifying that The Citizens State Bank is in excellent financial well-being and unlikely to fail. Additionally, The Citizens State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 The Citizens State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.18% APY $10
Checking Account 0.08% APY $1
Certificates of Deposit
  • 12 Month: 0.95% APY
  • 24 Month: 1.35% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.80% APY
  • 60 Month: 2.00% APY
$1000 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

The Citizens State Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Citizens State Bank 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. The Citizens State Bank's CD rates are fair compared to the average U.S. bank.

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Find a The Citizens State Bank Near Me

The Citizens State Bank has 13 branches across the U.S.

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