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The Park Bank Review

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The Park Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1966, The Park Bank has $897 million in assets and $708 million in deposits, ranking the institution as a medium-size bank. The Park Bank, whose headquarters are in Madison, Wisconsin, has superior access to customer service, with live chat and all-day support available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.3 stars out of 5, The Park Bank should be solidly in contention for your choice of bank. The Park Bank provides customers with a varied choice of product offerings, which include 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. If you're looking for a checking account for everyday use, the bank's standard checking account does not carry a monthly charge. Institutions that offer no-fee checking as well as a high interest rate savings account are your best bet for accruing the highest income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

The Park Bank has a savings rate of 0.03%, which is poor as compared against the national average. The Park Bank's one-year and five-year term lengths CDs earn at a rate of 0.25% and 1.00%, respectively, while its highest-yielding money market account earns at a rate of 0.10%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How The Park Bank's Savings Rates Compare

The Park Bank Savings 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

The Park Bank has generally extremely low fees in comparison to other U.S. banks. With no monthly fee, The Park Bank's checking account is ideal for those who need a hassle-free banking experience. For those who frequently visit the ATM, it is perfect because it charges no out-of-network ATM fees. Additionally, The Park Bank has an overdraft fee of $33.00, which is less than the average U.S. overdraft fee. The Park Bank doesn't refund out-of-network ATM fees, meaning you'll need to find a The Park Bank ATM or eat the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee $33.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

The Park Bank is a brick-and-mortar bank, with 12 total branches in Wisconsin. It also offers access to mobile and web apps for straightforward access and banking on the go. It offers all-day access to representatives. The Park Bank also offers a live chat feature, something to consider if you work during the customer service hours. The Park Bank's online and mobile banking platforms get fairly good ratings from customers. Out of 24 ratings on Apple and Android platforms, the The Park Bank mobile app is scored at 4.2 out of 5 (compared to the national average of 3.8). The Park Bank's mobile app lets you manage your funds by looking at monthly statements, transferring money as well as accessing customer service. The Park Bank gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

The Park Bank ranks as a medium-size bank with $897 million in assets as well as $708 million in deposits. The Park Bank has an excellent Texas Ratio of 1.38%, indicating that the bank is in outstanding financial health and far from failure. Additionally, The Park 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 Park Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $2500
Checking Account 0.01% APY $1000
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.55% APY
  • 48 Month: 0.70% APY
  • 60 Month: 1.00% APY
$1000 for all terms
Money Market Account 0.05% APY $10000

The Park Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Park 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 Park Bank's CD rates are fair compared to the national average.

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Find a The Park Bank Near Me

The Park Bank has 12 physical locations in the U.S.

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