Loading
Tap on the profile icon to edit
your financial details.

Tradition Capital Bank Review

Your Details Done
by Updated
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
Tradition Capital Bank Money Market
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Tradition Capital Bank started in 2005 and is headquartered in Edina, Minnesota. Tradition Capital Bank manages assets of $662 million and $546 million in deposits, ranking it as a medium-size bank. Tradition Capital Bank 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 apps. SmartAsset has rated the bank 4.1 stars out of 5, suggesting Tradition Capital Bank is a good bank that you should consider. Tradition Capital Bank provides customers with an array banking products, which include savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. Banks that offer no-fee checking and a high interest rate savings account are your best option for accruing the highest income from your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

4.9
SmartAsset Average: 3.5

Tradition Capital Bank's one-year CD earns at a rate of 1.85% and the five-year CD has a rate of 2.50%, while its highest-yielding money market account has an APY of 0.50%.

How Tradition Capital Bank's Savings Rates Compare

Tradition Capital Bank Money Market 0.50 National Average 0.26 Compare Offers
Back to Overview

Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Tradition Capital Bank'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
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Tradition Capital Bank is a brick-and-mortar bank, with two total branches in Minnesota. With mobile and web apps, Tradition Capital Bank makes mobile banking easy, even on the go. Tradition Capital Bank's mobile app lets you control your bank accounts by monitoring current statements, sending and receiving money as well as reaching support representatives. Tradition Capital Bank gets a superb consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

Tradition Capital Bank ranks as a medium-size bank owning assets totaling $662 million as well as deposits totaling $546 million. Its Texas Ratio is 4.57%, denoting that Tradition Capital Bank is in superb financial well-being and improbable to fail. Additionally, Tradition Capital Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.57%
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.

Back to Overview

Compare Tradition Capital Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Checking Account 0.3% APY $1
Certificates of Deposit
  • 12 Month: 1.85% APY
  • 24 Month: 2.10% APY
  • 36 Month: 2.25% APY
  • 48 Month: 2.40% APY
  • 60 Month: 2.50% APY
$100 for all terms
Money Market Accounts 0.5% APY 0.5% APY $10000 $15000

Tradition Capital Bank has several deposit products including savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. Tradition Capital Bank does not have the best savings rate, which means you should consider other options 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. Tradition Capital Bank's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a Tradition Capital Bank Near Me

Tradition Capital Bank has two physical locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure