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The Stephenson National Bank and Trust Review

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The Stephenson National Bank and Trust Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Stephenson National Bank and Trust was founded in 1874 and is headquartered in Marinette, Wisconsin. It handles assets of $495 million along with deposits totaling $416 million, ranking it as a medium-size bank. The Stephenson National Bank and Trust 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With a score of 4.2 stars out of 5, The Stephenson National Bank and Trust should be solidly in contention for your choice of bank. The Stephenson National Bank and Trust has the complete slate of product offerings, 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 most basic checking account does not carry a monthly maintenance charge. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is your best option for accruing the most income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
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

The Stephenson National Bank and Trust features a savings rate of 0.25%, which is fair in comparison to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.80% and 2.02%, respectively, while its highest-yielding money market account earns at a rate of 0.40%. Given The Stephenson National Bank and Trust's poor savings rate, you should think about other options to earn more on your deposits.

How The Stephenson National Bank and Trust's Savings Rates Compare

The Stephenson National Bank and Trust Savings 0.25 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The Stephenson National Bank and Trust has typically extremely low fees in comparison to the average U.S. bank. With no monthly fee, The Stephenson National Bank and Trust is perfect for those who want a basic checking account. The Stephenson National Bank and Trust does not refund out-of-network ATM fees, meaning you will be required to locate a The Stephenson National Bank and Trust 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

3.7
SmartAsset Average: 3.7

The Stephenson National Bank and Trust is a brick-and-mortar bank, with eight total bank locations in Michigan and Wisconsin. With mobile and web apps, The Stephenson National Bank and Trust makes mobile banking easy, even on the go. The Stephenson National Bank and Trust gets fair feedback from users for its mobile banking services. The The Stephenson National Bank and Trust mobile app has been given a 3.6 out of 5 (with 23 reviews on iOS and Android) compared to the national average of 3.8. The Stephenson National Bank and Trust's mobile app lets you control your accounts by reviewing account balances, transferring money and reaching customer service. The Stephenson National Bank and Trust receives an exceptional consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.5
SmartAsset Average: 4.8

The Stephenson National Bank and Trust is a medium-size bank with $495 million in assets as well as $416 million in deposits. The Stephenson National Bank and Trust's Texas Ratio is 11.81%, indicating a small opportunity of failure. Additionally, The Stephenson National Bank and Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

11.81%
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 The Stephenson National Bank and Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $5
Checking Account 0.15% APY $500
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.46% APY
  • 48 Month: 1.66% APY
  • 60 Month: 2.02% APY
$1000 for all terms
Money Market Account 0.4% APY $10000

The Stephenson National Bank and Trust 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 Stephenson National Bank and Trust does not have the best savings rate, which means you should think about 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 Stephenson National Bank and Trust's CD rates are fair in comparison to other U.S. banks.

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Find a The Stephenson National Bank and Trust Near Me

The Stephenson National Bank and Trust has eight physical locations in the U.S.

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