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

VisionBank of Iowa Review

Your Details Done
by Updated
VisionBank of Iowa Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

VisionBank of Iowa was founded in 1884 and is headquartered in Ames, Iowa. VisionBank of Iowa handles $453 million in assets as well as deposits totaling $345 million, making it a medium-size bank. VisionBank of Iowa lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a score of 4.4 out of 5 stars, VisionBank of Iowa should be solidly in contention for your choice of bank. VisionBank of Iowa offers a full suite 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, the bank's most basic checking account does not carry a monthly charge. Banks that offer free checking and a high interest rate savings account are the best option for returning the most income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

With a savings rate of 0.20%, VisionBank of Iowa ranks poorly compared to the national average. VisionBank of Iowa's CD rates are 0.75% and 2.25% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.22%. Given its poor savings rate, you should think about taking a look at other banks for savings accounts.

How VisionBank of Iowa's Savings Rates Compare

VisionBank of Iowa Savings 0.20 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

VisionBank of Iowa charges customers extremely low fees compared to the national average. With no monthly fee, VisionBank of Iowa's checking account is ideal for those who need an easy checking account. For those who will need cash in a pinch, it is perfect because it charges no out-of-network ATM fees. VisionBank of Iowa doesn't refund out-of-network ATM charges, which means you'll need to search for a VisionBank of Iowa ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.2
SmartAsset Average: 3.7

VisionBank of Iowa is a brick-and-mortar bank, with eight total bank locations in Iowa. It also offers access to mobile and web apps for a straightforward mobile-banking experience. VisionBank of Iowa's online and mobile banking services get high marks from users. The VisionBank of Iowa mobile app is rated at 4.5 out of 5 (out of 15 ratings on Apple and Android) compared to the national average of 3.8. VisionBank of Iowa's mobile app allows you to manage your bank accounts by checking current statements, transferring money as well as accessing support representatives. VisionBank of Iowa gets an outstanding consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

VisionBank of Iowa ranks as a medium-size bank and owns assets totaling $453 million as well as deposits totaling $345 million. Its Texas Ratio is 3.27%, denoting that the bank is in superb financial health and improbable to fail. 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

3.27%
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 VisionBank of Iowa to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $2500
Checking Account 0.65% APY $25000
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.10% APY
  • 36 Month: 1.75% APY
  • 48 Month: 1.85% APY
  • 60 Month: 2.25% APY
$1000 for all terms
Money Market Account 0.2% APY $10000

VisionBank of Iowa has several deposit products like 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 consider 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 other U.S. banks.

Back to Overview

Find a VisionBank of Iowa Near Me

VisionBank of Iowa has eight 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