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BancCentral Review

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BancCentral Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


BancCentral started in 1913 and has its headquarters in Alva, Oklahoma. BancCentral manages $491 million in assets and deposits totaling $445 million, making it a medium-size bank. BancCentral lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 4.6 out of 5 stars, BancCentral should be near the top of your list for your bank search. BancCentral offers a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. BancCentral has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly maintenance charge. Banks that offer no-fee checking and a high savings APY are your best bet for gaining the highest income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.50%, BancCentral ranks poorly in comparison to the national average. BancCentral's CDs feature a rate of 1.96% and 2.83% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.35%. Given BancCentral's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How BancCentral's Savings Rates Compare

BancCentral Savings 0.50 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

BancCentral charges its customers extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. BancCentral unfortunately does not refund out-of-network ATM charges, meaning you will have to find a BancCentral ATM or accept the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

BancCentral is a brick-and-mortar bank, with five total branches in Kansas and Oklahoma. It also offers access to mobile and web apps for easy access and banking on the go. BancCentral gets relatively high marks from customers for its mobile banking services. The BancCentral mobile app scored a 4.3 out of 5 (out of 15 ratings on iOS and Android) compared to the national average of 3.8. You can utilize BancCentral's app to manage your accounts by reviewing account balances, sending and receiving money as well as accessing customer service. BancCentral receives an outstanding consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

BancCentral is a medium-size bank owning $491 million in assets and $445 million in deposits. Its Texas Ratio is 11.94%, indicating a small chance of failure. Additionally, BancCentral is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 BancCentral to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $10
Checking Account 0.25% APY $500
Certificates of Deposit
  • 12 Month: 1.96% APY
  • 24 Month: 2.17% APY
  • 36 Month: 2.42% APY
  • 48 Month: 2.63% APY
  • 60 Month: 2.83% APY
$500 for all terms
Money Market Account 0.35% APY $25000

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

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Find a BancCentral Near Me

BancCentral has five branches across the U.S.

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