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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 was founded in 1923 with headquarters in Treynor, Iowa. It owns assets of $406 million and deposits totaling $339 million, classifying it as a small bank. Treynor State Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Treynor State Bank is an acceptable bank choice, but may leave you wanting more, with a rating of 3.7 out of 5 stars from the SmartAsset experts. Treynor State Bank provides customers with the full slate of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Treynor State Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Treynor State Bank offers an option without a maintenance or monthly fee. Using an institution with no-fee checking and a high interest rate savings account is your best option for returning the most income on your deposits alongside 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

Treynor State Bank has a savings rate of 0.02%, which is fair compared to the national average. Its CD rates are 0.15% and 0.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.10%. Given Treynor State Bank's below average 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

Treynor State Bank has generally extremely low fees as compared against the national average. With no monthly fee, Treynor State Bank is perfect for people who want a simple checking account. Treynor State Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you will have to find a Treynor State Bank ATM or accept the cost of withdrawal.

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 easy access and banking on the go. Treynor State Bank receives poor reviews from customers for its online presence. With 30 ratings on both Apple and Android platforms, the Treynor State Bank mobile app rates a 3.4 out of 5 (compared to the national average of 3.8). You can utilize Treynor State Bank's mobile app to manage your bank accounts by monitoring current statements, sending and receiving funds as well as reaching support representatives. Treynor State Bank receives an exceptional consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 with $406 million in assets and deposits totaling $339 million. Its Texas Ratio is 35.40%, signifying that the bank is in decent financial shape. 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: 0.15% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.45% APY
  • 60 Month: 0.60% APY
$10000 for all terms
Money Market Account 0.06% APY $5000

Treynor State Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Treynor State Bank does not have the best savings rate, which means you should consider 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 as compared against the national average.

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Find a Treynor State Bank Near Me

Treynor State Bank has eight branches in the U.S.

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