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American Heritage Bank (OK) Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
American Heritage Bank Savings
0.20% APY

Overview

Our Rating: 4.4/5 How we calculated this rating

American Heritage Bank was founded in 1905 and is headquartered in Sapulpa, Oklahoma. American Heritage Bank owns $1 billion in assets along with $882 million in deposits, which makes it a medium-size bank. American Heritage Bank does not have the same customer service perks that others do. It is a traditional brick-and-mortar bank, which means in-person service, in addition to its online and mobile presence. With a commendable 4.4 out of 5 stars, American Heritage Bank proves it is a solid contender in your bank search. 

American Heritage Bank has a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. American Heritage Bank has a fair savings rate, which means you can find higher rates with other banks. The bank's standard checking account has a $3.00 monthly fee, which is not too bad compared to the national average. Why keep checking and savings accounts with the same bank? Fast transferring of funds between the two accounts translates to better interest rates in your savings account with the ability to spend from your checking.

Service Quality

American Heritage Bank is a brick-and-mortar bank, with 23 total branches in Oklahoma. With mobile and web apps, American Heritage Bank makes mobile banking straightforward, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:00 a.m. to 5:00 p.m. CT; Friday, 8:00 a.m. to 6:00 p.m. CT. 

American Heritage Bank receives high praise from customers for its mobile banking services: the American Heritage Bank mobile app has been given a 4.1 out of 5 (with 99 ratings on iOS and Android) compared to the national average of 3.8. You can utilize American Heritage Bank's mobile app to control your funds by checking account balances, sending and receiving money as well as reaching support representatives. American Heritage Bank receives a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.20% APY $1 Compare Offers
Certificates of Deposit
  • 12 Month: 1.70% APY
  • 24 Month: 2.15% APY
  • 36 Month: 2.30% APY
$1,000 for all tiers Compare Offers
Money Market Accounts 10K tier: 0.25% APY $1 Compare Offers
Checking Accounts 0.15% APY $1 Compare Offers

American Heritage Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. American Heritage Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. American Heritage Bank's CD rates are excellent as compared against the national average. 

Rates

American Heritage Bank has a savings rate of 0.20%, which is fair compared to the average U.S. bank. American Heritage Bank's one-year CD earns at a rate of 1.70%, while its highest-yielding money market account has a rate of 0.25%. It has a fair savings rate, which means other popular banks have higher rates. Think about choosing another bank to earn more on your deposits.

Compare American Heritage Bank to Other Competitive Offers

Fees

On average, American Heritage Bank charges its customers low fees in comparison to other U.S. banks. American Heritage Bank's checking account has a monthly fee of $3.00, ranking it average for anyone looking for a simple account. Additionally, at $27.50, American Heritage Bank has a significantly lower overdraft fee compared to the national average. 

Financial Health

American Heritage Bank ranks as a medium-size bank with $1 billion in assets as well as $882 million in deposits. American Heritage Bank's Texas Ratio is 2.52%, denoting an exceptionally small likelihood of failure. Additionally, American Heritage Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find an American Heritage Bank Near Me

American Heritage Bank has 23 branches across the U.S.

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