Beginning October 1, 2021, at 9 pm, access to American State Bank online banking will be in view‑only mode. You will still be able to review transactions and account history.

Bill Pay using American State Bank online banking must be completed by 12 am on September 27. Mobile Deposit transactions must be completed by 1 pm on October 1. Any online transfers, including same‑day transfers, must be completed by 9 pm on October 1.

Starting October 4, 2021, you may enroll in Equity Bank’s digital banking. You may use your previous login ID and password from American State Bank, if available (though you will have to reset the password after you log in). We’ll ask you to verify your identity after choosing your new password using a text, phone call or email, and that’s it! You’re ready to go. We also recommend downloading the Equity Bank mobile app.

After you have successfully enrolled, your bill pay contacts and associated payment information, including all your recurring payments, will automatically be connected to your Equity Bank account within 48 hours. If you have recurring bill payments scheduled after October 1, 2021, we recommend scheduling the payment date prior to October 1.

Overview

Established in 1913, American State Bank has $870 million in assets as well as $716 million in deposits, making it a medium-size bank. American State Bank, whose headquarters are in Sioux Center, Iowa, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, American State Bank is a superb bank that would be an ideal pick, with a score of 4.7 out of 5 stars from the SmartAsset experts. American State Bank has a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, brokerage accounts, mortgage products and credit cards. American State Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, American State Bank offers an option without a maintenance or monthly fee. Using a bank with no-fee checking as well as a high savings APY is your best option for accruing the highest income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

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

Rates

American State Bank features a savings rate of 0.99%, which is fair as compared against the national average. Its one-year CD has a rate of 2.50% and the five-year CD has a rate of 3.00%, while its highest-yielding money market account has an APY of 1.10%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How American State Bank's Savings Rates Compare

Fees

American State Bank generally has extremely low fees compared to the average U.S. bank. American State Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. American State Bank unfortunately does not refund out-of-network ATM fees, meaning you'll need to find an American State Bank ATM or accept the ATM charge.

Service Quality

American State Bank is a brick-and-mortar bank, with nine total bank locations in Iowa and South Dakota. It also offers access to mobile and web apps for a straightforward mobile-banking experience. American State Bank's online and mobile banking platforms get positive feedback from users. With 150 ratings on both iOS and Android platforms, the American State Bank mobile app is scored at 4.8 out of 5 (compared to the national average of 3.8). You can access American State Bank's app to manage your finances by looking at account balances, sending and receiving funds as well as reaching support representatives. American State Bank gets an excellent consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Financial Health

American State Bank is currently a medium-size bank and handles $870 million in assets as well as $716 million in deposits. Its Texas Ratio is 15.53%, suggesting a tiny possibility of failure. Additionally, American 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

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.

Compare American State Bank to Other Competitive Offers

Products Offered

American State Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. American 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. American State Bank's CD rates are fair in comparison to the national average.

Find a American State Bank Near Me

American State Bank has nine physical branches across the U.S.

Next Steps

See more
bank reviewsFind the best
savings accountsFind the best
CD accounts

Please note: Aspire Servicing Center has a contractual relationship with American State Bank wherein Aspire Servicing Center performs certain private student loan (private loan) services for American State Bank.

To be eligible for the American State Bank Private Student Loan, you must:

• Be a current customer of American State Bank, or be a student at Dordt College or Northwestern College in Iowa.
• Meet additional criteria.

Loan Details

To qualify for this supplemental private student loan, you or your cosigner(s) must have:

• Monthly payments for approved credit (mortgages, rent, car loans, credit cards and other forms of credit, including the loan for which the student has submitted an application) that do not exceed 40% of gross monthly income (if a mortgage or rent is not included, debt-to-income ratio cannot exceed 25%). All student loan debt will be treated as though it is in repayment.
• An annual income of at least $25,000.
• Continuous employment over the last two years. (This requirement may be waived for retirees, disabled persons or those receiving a verified income.)
• No more than two accounts reporting 30-day delinquencies during the previous two years.
• No delinquencies of 60 days or more during the previous two years.
• No charge-offs, repossessions, collection accounts, judgments, foreclosures, garnishments by credit providers or tax liens.
• No previous bankruptcies.
• Not defaulted on any private or government student loan.

Please note that the list of criteria above may not be exhaustive. American State Bank may require you or your cosigner(s) to meet additional criteria in order to qualify for a loan. American State Bank reserves the right to change the list of criteria in any way from time to time.

Loan Limits

The American State Bank Private Student Loan must be:

• No more than the cost of attendance minus other aid annually.
• No more than $80,000 cumulative.
• At least $500.

At a Glance

The following chart and example detail the interest rates and fees for the American State Bank Private Student Loan.

This example shows the monthly payments for a $10,000 American State Bank Private Student Loan.

¹The rate is subject to increase after consummation. The prime rate index is defined as the U.S. Prime Rate published by the Wall Street Journal on the 10th calendar day prior to month end March, June, September and December (or the preceding business day if the 10th calendar day is not a business day). The prime index for the quarter January 1–March 31, 2022 is 3.25%.

² The rate will not exceed 21.00%.

³ A loan of $1,000 or less has a maximum repayment term of 37 months.

⁴ Annual percentage rate (APR), finance charge and monthly payment examples are based on borrowing $10,000, a 0% origination fee, deferring interest and principal for 51 months, and maintaining a constant interest rate on a variable rate loan of 5.75% during the 51-month interim and 240-month repayment periods. APR examples are based on quarterly interest rates January 1–March 31, 2022.

Please note: Aspire Servicing Center has a contractual relationship with American State Bank wherein Aspire Servicing Center performs certain private student loan (private loan) services for American State Bank.

To be eligible for the American State Bank Private Student Loan, you must:

• Be a current customer of American State Bank, or be a student at Dordt College or Northwestern College in Iowa.
• Meet additional criteria.

Loan Details

To qualify for this supplemental private student loan, you or your cosigner(s) must have:

• Monthly payments for approved credit (mortgages, rent, car loans, credit cards and other forms of credit, including the loan for which the student has submitted an application) that do not exceed 40% of gross monthly income (if a mortgage or rent is not included, debt-to-income ratio cannot american state bank online 25%). All student loan debt will be treated as though it is in repayment.
• An annual income of at least $25,000.
• Continuous employment over the last two years. (This requirement may be waived for retirees, disabled persons or those receiving a verified income.)
• No more than two accounts reporting 30-day delinquencies during the previous two years.
• No delinquencies of 60 days or more during the previous two years.
• No charge-offs, repossessions, collection accounts, judgments, foreclosures, garnishments by credit providers or tax liens.
• No previous bankruptcies.
• Not defaulted on any private or government student loan.

Please note that the list of criteria above may not be exhaustive. American State Bank may require you or your cosigner(s) to meet additional criteria in order to qualify for a loan. American State Bank reserves the right to change the list of criteria in any way from time to time.

Loan Limits

The American State Bank Private Student Loan must be:

• No more than the cost of attendance minus other aid annually.
• No more than $80,000 cumulative.
• At least $500.

At a Glance

The following chart and example detail the interest rates and fees for the American State Bank Private Student Loan.

This example shows the monthly payments for a $10,000 American State Bank Private Student Loan.

¹The rate is subject to increase after consummation. The prime rate index is defined as the U.S. Prime Rate published by the Wall Street Journal on the 10th calendar day prior to month end March, June, September and December (or the preceding business day if the 10th calendar day is not a business day). The prime index for the quarter January 1–March 31, 2022 is 3.25%.

² The rate will not exceed 21.00%.

³ A loan of $1,000 or less has a maximum repayment term of 37 months.

⁴ Annual percentage rate (APR), finance charge and monthly payment examples are based on borrowing $10,000, a 0% origination fee, deferring interest and principal for 51 months, and maintaining a constant interest rate on a variable rate loan of 5.75% during the 51-month interim and 240-month repayment periods. APR examples are based on quarterly interest rates January 1–March 31, 2022.

Overview

Established in 1913, American State Bank has $870 million in assets as well as $716 million in deposits, making it a medium-size bank. American State Bank, whose headquarters are in Sioux Center, Iowa, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, American State Bank is a superb bank that american state bank online be an ideal pick, with a score of 4.7 out of 5 stars from the SmartAsset experts. American State Bank has a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, brokerage accounts, mortgage products and credit cards. American State Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, American State Bank offers an option without a maintenance or monthly fee. Using a bank with no-fee checking as well as a high savings APY is your best option for accruing the highest income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

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

Rates

American State Bank features a savings rate of 0.99%, which is fair as compared against the national average. Its one-year CD has a rate of 2.50% and the five-year CD has a rate of 3.00%, while its highest-yielding money market account has an APY of 1.10%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How American State Bank's Savings Rates Compare

Fees

American State Bank generally has extremely low fees compared to the average U.S. bank. American State Bank's american state bank online account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. American State Bank unfortunately does not refund out-of-network ATM fees, meaning you'll need to find an American State Bank ATM or accept the ATM charge.

Service Quality

American State Bank is a brick-and-mortar bank, with nine total bank locations in Iowa and South Dakota. It also offers access to mobile and web apps for a straightforward mobile-banking experience. American State Bank's online and mobile banking platforms get positive feedback from users. With 150 american state bank online on both iOS and Android platforms, the American State Bank mobile app is scored at 4.8 out of 5 (compared to the national average of 3.8). You can access American State Bank's app to manage your finances by looking at account balances, union bank philippines 24 hour customer service and receiving funds as well as reaching support representatives. American State Bank gets an excellent consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Financial Health

American State Bank is currently a medium-size bank and handles $870 million in assets as well as $716 million in deposits. Its Texas Ratio is 15.53%, suggesting a tiny possibility of failure. Additionally, American 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

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.

Products Offered

American State Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. American 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. American State Bank's CD rates are fair in comparison to the national average.

Find a American State Bank Near Me

American State Bank has nine physical american state bank online across the U.S.

Next Steps

See more
bank reviewsFind the best
savings accountsFind the best
CD accounts

Beginning October 1, 2021, at 9 pm, access to American State Bank online banking will be in view‑only mode. You will still be able to review transactions and account history.

Bill Pay using American State Bank online banking must be completed by 12 am on September 27. Mobile Deposit transactions must be completed by 1 pm on October 1. Any online transfers, including same‑day transfers, must be completed by 9 pm on October 1.

Starting October 4, 2021, you may enroll in Equity Bank’s digital banking. You may use your previous login ID and password from American State Bank, if available (though you will have to reset the password after you log in). We’ll ask you to verify your identity after choosing your new password using a text, phone call or email, and that’s it! You’re ready to go. We also recommend downloading the Equity Bank mobile app.

After you have successfully enrolled, your bill pay contacts and associated payment information, including all your recurring payments, will automatically be connected to your Equity Bank account within 48 kevon edmonds songs download. If you have recurring bill payments scheduled after October 1, 2021, we recommend american state bank online the payment date prior to October 1.