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The Citizens State Bank Review

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

Overview

Started in 1904, The Citizens State Bank has assets totaling $441 million and $337 million in deposits, making the institution a medium-size bank. The Citizens State Bank, whose headquarters are in Moundridge, Kansas, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, The Citizens State Bank is a superb bank that you should strongly consider, with a score of 4.5 stars out of 5 from our team. The Citizens State Bank provides customers with a full selection 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. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly maintenance fee. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same institution is the best bet for accruing the most income from your deposits while maintaining easy access to your money.

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. The Citizens State Bank's one-year CD has a rate of 0.95% and the five-year CD has a rate of 2.00%, while its highest-yielding money market account earns at an APY of 0.25%. Given The Citizens State Bank's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

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. With no monthly fee, The Citizens State Bank's checking account is perfect for people who need a hassle-free banking experience. The Citizens State Bank does not refund out-of-network ATM charges, which means you will have to search for a The Citizens State Bank ATM or eat the withdrawal fee.

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 simple access and banking on the go. The Citizens State Bank receives positive scores from customers for its online presence. The The Citizens State Bank mobile app has been given a 4.7 out of 5 (out of 200 customer reviews on Apple and Android) compared to the national average of 3.8. The Citizens State Bank's mobile app allows you to control your bank accounts by monitoring current statements, sending and receiving money and reaching customer service. The Citizens State Bank receives an outstanding consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 and manages $441 million in assets and deposits totaling $337 million. Its Texas Ratio is 1.06%, indicating a minute probability of failure. 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 Account 0.25% APY $10000

The Citizens State Bank has several deposit products like 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 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. 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 locations in the U.S.

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