VisionBank of Iowa started in 1884 with headquarters in Ames, Iowa. It has $453 million in assets along with deposits totaling $345 million, classifying it as a medium-size bank. VisionBank of Iowa 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 in-person service, in addition to its online and mobile apps. With a commendable 4.4 stars out of 5, VisionBank of Iowa proves it is a great choice and should warrant serious consideration. VisionBank of Iowa has a complete selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, VisionBank of Iowa's standard checking account does not have a monthly fee. Institutions that offer no-fee checking and a high interest rate savings account are the best bet for getting the highest income from your deposits while maintaining convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
VisionBank of Iowa features a savings rate of 0.20%, which is poor compared to the national average. VisionBank of Iowa's one-year CD has a rate of 0.75% and the five-year CD earns at a rate of 2.25%, while its highest-yielding money market account earns at an APY of 0.22%. Given VisionBank of Iowa's below average savings rate, you should consider other options to earn more on your deposits.
How VisionBank of Iowa's Savings Rates Compare
VisionBank of Iowa has generally extremely low fees compared to other U.S. banks. With no monthly fee, VisionBank of Iowa's checking account is ideal for those who need a hassle-free checking account. For those who will need cash in a pinch, it is perfect because it has no out-of-network ATM fees. VisionBank of Iowa doesn't reimburse out-of-network ATM fees, meaning you'll need to search for a VisionBank of Iowa ATM or accept the withdrawal fee.
VisionBank of Iowa is a brick-and-mortar bank, with eight total branches in Iowa. With mobile and web apps, VisionBank of Iowa makes account access straightforward, even on the go. VisionBank of Iowa gets high praise from users for its mobile app. The VisionBank of Iowa mobile app is rated at 4.5 out of 5 (out of 15 reviews on Apple and Android) compared to the national average of 3.8. VisionBank of Iowa's mobile app allows you to control your bank accounts by looking at current statements, transferring money as well as accessing support representatives. VisionBank of Iowa receives a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
VisionBank of Iowa ranks as a medium-size bank with $453 million in assets as well as $345 million in deposits. It has an excellent Texas Ratio of 3.27%, suggesting a low likelihood of failure. Additionally, VisionBank of Iowa 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.Back to Overview
Compare VisionBank of Iowa to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$2500|
|Checking Account||0.9% APY||$25000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.2% APY 0.22% APY||$10000 $15000|
VisionBank of Iowa has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. VisionBank of Iowa 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. VisionBank of Iowa's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a VisionBank of Iowa Near Me
VisionBank of Iowa has eight branches in the U.S.Back to Overview