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Wisconsin Bank & Trust Review

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Wisconsin Bank & Trust Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Wisconsin Bank & Trust started in 1911 and has its headquarters in Madison, Wisconsin. It has assets of $1 billion and $891 million in deposits, classifying it as a medium-size bank. Wisconsin Bank & Trust 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. We ranked Wisconsin Bank & Trust at a 4.2 out of 5 stars, which means it is a solid contender in your bank search. Wisconsin Bank & Trust provides customers with a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Wisconsin Bank & Trust has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Wisconsin Bank & Trust's standard checking does not carry a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best bet for gaining the most income on your deposits while maintaining easy access to your money.

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 has a savings rate of 0.30%, which is poor compared to the average U.S. bank. 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 0.55%. Given its poor savings rate, you should think about looking elsewhere to open savings accounts.

How Wisconsin Bank & Trust's Savings Rates Compare

Wisconsin Bank & Trust Savings 0.30 National Average 0.26 Compare Offers
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Fees

4.1
SmartAsset Average: 4.4

Wisconsin Bank & Trust charges customers average fees in comparison to the average U.S. bank. Wisconsin Bank & Trust's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who will need cash in a pinch, Wisconsin Bank & Trust is not great because it charges an out-of-network ATM fee of $2.50, which is less than the best option as compared against the national average. Additionally, at $35.00, Wisconsin Bank & Trust has a lower overdraft fee compared to that of other U.S. banks. Wisconsin Bank & Trust unfortunately does not refund out-of-network ATM charges, meaning you'll need to find a Wisconsin Bank & Trust ATM or accept the fee.

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. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Wisconsin Bank & Trust receives poor marks from users for its online presence. With 67 customer reviews on both Apple and Android platforms, the Wisconsin Bank & Trust mobile app is scored at 2.9 out of 5 (compared to the national average of 3.8). Wisconsin Bank & Trust's mobile app lets you control your funds by reviewing monthly statements, transferring funds as well as reaching support representatives. Wisconsin Bank & Trust gets an outstanding consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 and has assets totaling $1 billion and $891 million in deposits. It has an excellent Texas Ratio of 3.72%, suggesting a minute possibility 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 0.3% APY $1
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 Account 0.45% APY $10000

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 other options 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 in comparison to the average U.S. bank.

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Find a Wisconsin Bank & Trust Near Me

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

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