Tradition Capital Bank Review

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.

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

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

There is insufficient data on Tradition Capital Bank's fees to provide a full SmartAsset rating.

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.

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

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.

Products Offered

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.

Find a Tradition Capital Bank Near Me

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