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Wisconsin Bank & Trust Review

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Wisconsin Bank & Trust Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1911, Wisconsin Bank & Trust has $1 billion in assets as well as deposits totaling $891 million, making it a medium-size bank. Wisconsin Bank & Trust, whose headquarters are in Madison, Wisconsin, lacks premium access to support representatives, 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 apps. With a commendable 4.2 out of 5 stars, Wisconsin Bank & Trust is a great choice and should warrant serious consideration. Wisconsin Bank & Trust has a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Wisconsin Bank & Trust has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Wisconsin Bank & Trust offers an option without a maintenance or monthly fee. Using an institution with free checking and a high savings APY is the best option for gaining the most income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

4.2
SmartAsset Average: 3.5

Wisconsin Bank & Trust features a savings rate of 0.50%, which is poor in comparison to the national average. Wisconsin Bank & Trust's one-year and five-year term lengths CDs earn at a rate of 1.71% and 2.52%, respectively, while its highest-yielding money market account earns at an APY of 0.75%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Wisconsin Bank & Trust's Savings Rates Compare

Wisconsin Bank & Trust Savings 0.50 National Average 0.26 Compare Offers
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Fees

4.1
SmartAsset Average: 4.4

Wisconsin Bank & Trust charges customers average fees compared to other U.S. banks. With no monthly fee, Wisconsin Bank & Trust is perfect for those who want a simple banking experience. For those who will need cash in a pinch, it is less than great because it charges an out-of-network ATM fee of $2.50, which is not great in comparison to the average U.S. bank. Additionally, Wisconsin Bank & Trust has an overdraft fee of $35.00, which is on par with the average U.S. overdraft fee. Wisconsin Bank & Trust doesn't reimburse out-of-network ATM fees, which means you'll be required to find a Wisconsin Bank & Trust ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.50 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.4
SmartAsset Average: 3.7

Wisconsin Bank & Trust is a brick-and-mortar bank, with 20 total bank locations in Wisconsin. With mobile and web apps, Wisconsin Bank & Trust makes mobile banking convenient, even on the go. Wisconsin Bank & Trust's online and mobile banking services receive mediocre scores from customers. Out of 67 ratings on Apple and Android platforms, the Wisconsin Bank & Trust mobile app has an overall rating of 2.9 out of 5 (compared to the national average of 3.8). Wisconsin Bank & Trust's mobile app lets you manage your funds by looking at monthly statements, transferring funds as well as accessing support representatives. Wisconsin Bank & Trust gets a superb consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 2.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Wisconsin Bank & Trust is a medium-size bank owning $1 billion in assets as well as deposits totaling $891 million. Wisconsin Bank & Trust's Texas Ratio is 3.72%, signifying a minute chance of failure. Additionally, Wisconsin Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.72%
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 Wisconsin Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $100
Checking Account 0.505% APY $1
Certificates of Deposit
  • 12 Month: 1.71% APY
  • 24 Month: 2.01% APY
  • 36 Month: 2.16% APY
  • 48 Month: 2.26% APY
  • 60 Month: 2.52% APY
$1000 for all terms
Money Market Accounts 0.6% APY 0.75% APY $10000 $15000

Wisconsin Bank & Trust has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Wisconsin Bank & Trust 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. Wisconsin Bank & Trust's CD rates are fair compared to other U.S. banks.

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Find a Wisconsin Bank & Trust Near Me

Wisconsin Bank & Trust has 20 physical branches across the U.S.

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