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Solon State Bank Rates & Review March 2026

Solon State Bank's savings rates are at 1.00%. MonitorBankRates evaluates the financial stability of Solon State Bank with a 5.0 Star Rating, an C+ Overall Health Grade, and a Texas Ratio of 45.28%. Rates were last updated on 03/28/2026.

Solon State Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Solon State Bank? Share your experience about Solon State Bank by leaving a review below, or read customer reviews before you decide to use Solon State Bank.

Overall Health & Safety Grade ?
C+
Fair Health Score: 77/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
45.28%
Fair Higher than avg
Solon State Bank
126 S Market St
Solon, IA 52333
https://www.solonstatebank.com/
Member FDIC

Solon State Bank Savings Rates

Product Rate APY View More
Christmas Club 1.00% 1.00%
Min Deposit $10
Last Updated 03/28/2026
Institution Ratings
2.5
Star Rating
F
Health Grade
Texas Ratio: 45.28%
Savings 1.00% 1.00%
Min Deposit $50
Last Updated 03/28/2026
Institution Ratings
2.5
Star Rating
F
Health Grade
Texas Ratio: 45.28%
Savings - 12 yrs & under 1.00% 1.00%
Min Deposit $10
Last Updated 03/28/2026
Institution Ratings
2.5
Star Rating
F
Health Grade
Texas Ratio: 45.28%

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Solon State Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Solon State Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Solon State Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Solon State Bank
Bank Holding Company SOLON FINANCIAL INC
Address 126 S Market St, Solon, IA 52333  ·  Johnson
FDIC Certificate # 232
Established 03/17/1932
FDIC Insurance Date 01/01/1934
Domestic Offices 3
Total Branches 3
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

C+
Overall Health Grade Score: 77/100
5.0
Exceptional Out of 5.0 Stars
45.28%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) 1.8370%
Return on Equity (ROE) 9.9400%
Non-Performing Loans (NPL) 5.29%
Total Assets $125,699,000
Total Deposits $83,442,000
Equity Capital $28,910,000
Net Income $3,525,000
Headquarters Solon
Total Offices 3
Source: FDIC  |  Last Updated 12/31/2025

Customer Reviews

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Total Reviews
0
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Frequently Asked Questions About Solon State Bank

Is Solon State Bank a safe place to deposit money?

Yes, Solon State Bank is considered a safe financial institution. With a Texas Ratio of 45.279086625589%, the institution's financial health is rated as stable. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Solon State Bank operate?

Solon State Bank currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Solon State Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Solon State Bank provides members with tools to manage their accounts and build a solid financial history.

Does Solon State Bank offer online and mobile banking?

Most modern institutions like Solon State Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.solonstatebank.com/.

Current Solon State Bank Rates

  • Savings1.00%
Retrieved from our database of financial products. Rates subject to change.