At a glance

3.3

Bankrate Score

CDs

Checking

Savings

MMA

Overview

Associated Bank is best for Midwesterners looking for a regional bank with a large branch network. Savers won’t find high yields at this bank, but they will find a convenient and highly- accessible checking account with a well-made digital banking experience.

Highlights

Highly Rated App

Compare offers

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

Savings Account

4.60

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 12/4/2023

Bankrate Savings rating = 5/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. balance for APY

View offer

Promoted offer: No account fees & earn up to $250 w/ direct deposit. Terms apply.

Member FDIC

Savings Account

4.30

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 12/4/2023

Bankrate Savings rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. balance for APY

View offer

Promoted offer: It only takes about 5 minutes to open a fee-free account.

Member FDIC

Savings Account

5.05

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 12/4/2023

Bankrate Savings rating = 4.5/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$5,000

Min. balance for APY

View offer

Promoted offer: CIT Bank, a division of First Citizens, 125+ years of experience.

Overall

Associated Bank offers a regional banking experience for customers in the Midwest. Although its branches are limited to just three states, Associated’s large ATM network extends its banking footprint past the Midwest, where the bank mainly operates. Interest rates are low for Associated Bank’s CDs, savings and money market accounts, and various fees apply, but they offer stellar checking accounts that make digital banking easy.

Pros

The checking account comes without monthly fees or minimum balance requirements and offers lots of great features.
Associated Bank is part of the MoneyPass ATM network and provides fee-free access to around 40,000 ATMs nationwide.
Digital banking features include Bill Pay and Zelle.

Cons

You must be a resident of one of these states to open a deposit account: Wisconsin, Minnesota, Illinois, Missouri, Ohio, Indiana, Michigan, Kansas or Iowa.
Savers can generally find higher yields elsewhere.
A plethora of account fees bogs down the banking experience.

Associated Bank banking products

2.5

Bankrate Score

Compare top savings rates

FEATURES

Associated Bank savings overview

Associated Bank’s Associated Savings account can be opened with just $25. There’s a $5 monthly maintenance fee that can be waived if you maintain a $300 minimum daily balance or have $25 or more in recurring automatic deposits per month. Withdrawals are limited to six per month; there’s a $6 fee for each withdrawal above that limit.

Though the account is relatively easy to open, it pays a very low APY, regardless of how much money you deposit into the account. Moreover, the account is only available to residents in Wisconsin, Minnesota, Illinois, Missouri, Ohio, Indiana, Michigan, Kansas and Iowa.

Pros

There’s a low $25 minimum deposit to open the account.
The $5 monthly fee is easy to waive.

Cons

Much higher yields can be found elsewhere.
Withdrawals are limited to six per month.
Associated Bank charges a $3 fee for using non-Associated ATMs after two free withdrawals per statement cycle.
This account can only be opened in select markets.

Rate history for Associated Bank's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Associated Bank

APY

National average APY

How do we get this data?

Associated Bank savings rates

Date	Associated Bank APY	National average APY
11/21/2023	0.15%	0.59%
11/14/2023	0.15%	0.59%
11/07/2023	0.15%	0.59%
10/31/2023	0.15%	0.58%
10/24/2023	0.15%	0.58%
10/17/2023	0.15%	0.58%
10/10/2023	0.15%	0.58%
10/03/2023	0.15%	0.58%
09/26/2023	0.15%	0.57%
09/19/2023	0.15%	0.57%
09/12/2023	0.15%	0.57%
09/05/2023	0.25%	0.57%
08/29/2023	0.25%	0.54%
08/22/2023	0.25%	0.54%
08/15/2023	0.25%	0.54%
08/08/2023	0.25%	0.54%
08/01/2023	0.25%	0.54%
07/25/2023	0.25%	0.54%
07/18/2023	0.25%	0.54%
07/11/2023	0.25%	0.54%
06/27/2023	0.25%	0.49%
06/20/2023	0.25%	0.49%
06/13/2023	0.25%	0.49%
06/06/2023	0.25%	0.49%
05/30/2023	0.25%	0.46%
05/23/2023	0.25%	0.46%
05/16/2023	0.25%	0.46%
05/09/2023	0.25%	0.46%
04/25/2023	0.25%	0.42%
04/18/2023	0.25%	0.42%
04/11/2023	0.25%	0.42%
04/04/2023	0.25%	0.42%
03/28/2023	0.25%	0.39%
03/21/2023	0.25%	0.39%
03/15/2023	0.25%	0.39%
02/28/2023	0.25%	0.37%
02/21/2023	0.25%	0.37%
02/14/2023	0.10%	0.37%
02/07/2023	0.10%	0.37%
01/31/2023	0.10%	0.35%
01/24/2023	0.10%	0.35%
01/17/2023	0.10%	0.35%
01/10/2023	0.10%	0.35%
01/03/2023	0.10%	0.35%
12/27/2022	0.10%	0.30%
12/20/2022	0.10%	0.30%
12/13/2022	0.01%	0.30%
12/06/2022	0.01%	0.30%

Compare Offer

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

Savings Account

4.60

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 12/4/2023

Bankrate Savings rating = 5/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min balance for APY

View offer

Promoted offer: No account fees & earn up to $250 w/ direct deposit. Terms apply.

2.7

Bankrate Score

Compare top CD rates

FEATURES

Associated Bank CD overview

Associated Bank offers standard CDs with 10 terms to choose from, but also has a 12-month add-on CD and two special CDs. The standard CDs can be opened with $1,000, but the yields are generally abysmal. Only the special seven- and 13-month CDs offer competitive APYs. but those require at least $5,000 to open.

The CDs here automatically renew, but you have a 10-day grace period after maturity where you can withdraw your funds without penalty. Also, Associated Bank charges hefty withdrawal penalties for CDs with terms of two or more years.

Associated Bank’s CDs aren’t available in all markets.

Pros

Special CDs with high yields are available.
A large swath of terms are available, ranging from three months to five years.
The 12-month add-on CD requires just $100 to open.
Standard CDs can be opened with $1,000, which is reasonable.

Cons

Associated Bank offers really low yields for its standard CDs.
Withdrawal penalties are high for CDs with terms of two years or more.
The special CD requires at least $5,000 to open.

Compare Offer

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

CD

5.65

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 12/4/2023

Bankrate CD rating = 4.7/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. deposit

1 yr

Term

View offer

Promoted offer:

2.0

Bankrate Score

Compare top money market rates

Associated Bank money market overview

The Associated Select Money Market Account requires $1,000 to open. The account is tiered, so the more money you deposit the higher APY you’ll earn. However, you earn the same amount on all balances after you surpass $10,000 in deposits. The yields on this account are relatively low; higher yields can be found elsewhere.

There’s a chunky $16 monthly maintenance fee if your daily balance falls below $1,000.

And like the savings account, withdrawals are limited to six per month; a $6 fee applies to withdrawals over that limit.

Pros

Interest is credit and compounded monthly.
The MMA can be opened with $1,000.

Cons

Higher yields can be found elsewhere.
$10,000 is required to earn the top APY.
The monthly maintenance fee, though waivable, is high.

4.5

Bankrate Score

Compare top checking rates

Associated Bank checking overview

Associated Bank offers multiple checking account options to choose from, but the one reviewed and scored for this section is the Associated Access Checking. You can open an account with $25, and there are no monthly maintenance fees or balance minimums. This account doesn’t earn interest.

Access Checking comes with all the bells-and-whistles of modern digital banking, including functionality to make mobile deposits, send money through Zelle and pay bills through Bill Pay.

There’s an overdraft grace zone, but only up to $5. If you surpass that, you’ll be charged a maximum of two $32 overdraft fees (higher than the national average) per day. However, you can link your checking account to a savings account or line of credit to avoid overdrawing your account.

Pros

Access Checking comes with all the bells-and-whistles of digital banking.
There are no monthly fees.
There are no balance minimums.

Cons

This is a checkless account; if you’re tied to using checks, this isn’t the account for you.
Overdraft grace zone is only $5.
Access Checking doesn’t earn interest.

Compare Offer

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

Checking Account

0.50

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 12/4/2023

Bankrate Checking rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

To open

$0

To avoid fees

View offer

Bank experience

Associated Bank’s app is highly rated on both the Apple App Store and Google Play Store. Through the mobile app, you can make mobile deposits, make peer-to-peer transactions via Zelle and pay your bills via Bill Pay.

Customers can speak with representatives over the phone on Monday through Friday, from 6 a.m. to 10 p.m. Central time, and Saturdays from 8 a.m. to 7 p.m. Central time. The bank is closed on Sunday and holidays, but you can use their automated telephone banking service 24/7, which lets you check your account balance and transactions, in addition to making transfers and reporting lost or stolen debit cards.

Along with its own fleet of ATMs, Associated Bank is part of the MoneyPass network, which boasts approximately 40,000 ATMs nationwide.

About Associated Bank

Headquartered in Green Bay, Wisconsin, Associated Bank was established in 1874 as Kellogg-Citizens National Bank of Green Bay. The bank remains focused on the Midwestern region of the U.S., offering a large variety of consumer and business deposit accounts, plus corporate and commercial services in addition to investment management.

Associated Bank has more than 200 branches located in Wisconsin, Minnesota and Illinois, but its offerings extend to all residents of Missouri, Ohio, Indiana, Michigan, Kansas and Iowa, too. In other words, you need to live in one of these nine states to open an account.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Associated Bank Review 2023

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

Associated Bank banking products

FEATURES

Associated Bank savings overview

Pros

Cons

Rate history for Associated Bank's Savings account

FEATURES

Associated Bank CD overview

Pros

Cons

Associated Bank money market overview

Pros

Cons

Associated Bank checking overview

Pros

Cons

Bank experience

About Associated Bank

Review methodology

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