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Treynor State Bank Review

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Treynor State Bank Savings
0.02% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Treynor State Bank first started operating in 1923 with its headquarters in Treynor, Iowa. It owns assets of $406 million along with deposits totaling $339 million, classifying it as a small bank. Treynor State Bank lacks premium access to support representatives, with no live chat or all-day service options available. 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. SmartAsset experts rated the bank 3.7 out of 5 stars, indicating that Treynor State Bank is a decent bank that leaves room for improvement. Treynor State Bank has a diverse array 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 looking for a checking account for everyday use, Treynor State Bank's standard checking account does not carry a monthly fee. Banks that offer free checking as well as a high savings APY are the best bet for returning the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.02%, Treynor State Bank ranks poorly in comparison to other U.S. banks. Treynor State Bank's CD rates are 0.64% and 1.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.10%. Given its poor savings rate, you should think about other options to earn more on your deposits.

How Treynor State Bank's Savings Rates Compare

Treynor State Bank Savings 0.02 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Treynor State Bank charges customers extremely low fees compared to other U.S. banks. With no monthly fee, Treynor State Bank is ideal for those who want a basic checking account. Treynor State Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll be required to find a Treynor State Bank ATM or pay the 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

3.6
SmartAsset Average: 3.7

Treynor State Bank is a brick-and-mortar bank, with eight total branches in Iowa. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Treynor State Bank receives poor reviews from customers for its mobile platform. The Treynor State Bank mobile app scored a 3.4 out of 5 (out of 30 ratings on iOS and Android) compared to the national average of 3.8. Treynor State Bank's mobile app allows you to control your bank accounts by looking at account balances, transferring money as well as reaching customer service. Treynor State Bank receives a superb consumer satisfaction rating due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

3.3
SmartAsset Average: 4.8

Treynor State Bank ranks as a small bank and has assets totaling $406 million as well as $339 million in deposits. Treynor State Bank's Texas Ratio is 35.40%, signifying that the bank is in satisfactory financial condition. Additionally, Treynor 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

35.4%
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 Treynor State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.02% APY $500
Checking Account 0.01% APY $1000
Certificates of Deposit
  • 12 Month: 0.64% APY
  • 24 Month: 1.20% APY
  • 36 Month: 1.45% APY
  • 60 Month: 1.70% APY
$10000 for all terms
Money Market Accounts 0.06% APY 0.1% APY $10000 $15000

Treynor State 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. Treynor 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. Treynor State Bank's CD rates are fair compared to the average U.S. bank.

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Find a Treynor State Bank Near Me

Treynor State Bank has eight locations across the U.S.

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