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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 with headquarters located in Alva, Oklahoma. It has $491 million in assets as well as $445 million in deposits, making it a medium-size bank. BancCentral lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, 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 has a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. BancCentral has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, BancCentral's most basic checking account does not carry a monthly maintenance charge. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best option for getting the most income on your deposits while having convenient 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

BancCentral has a savings rate of 0.50%, which is poor in comparison to other U.S. banks. 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 has a rate of 0.35%. Given BancCentral's noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

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 typically has extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. BancCentral does not refund out-of-network ATM charges, meaning you will have to find a BancCentral ATM or eat the 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 bank locations in Kansas and Oklahoma. With mobile and web apps, BancCentral makes account access straightforward, even on the go. BancCentral receives relatively high praise from users for its mobile platform. The BancCentral mobile app is rated at 4.3 out of 5 (out of 15 customer reviews on iOS and Android) compared to the national average of 3.8. BancCentral's mobile app lets you control your finances by looking at account balances, sending and receiving funds and reaching customer service. BancCentral receives an excellent consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 with $491 million in assets as well as deposits totaling $445 million. BancCentral's Texas Ratio is 11.94%, denoting that BancCentral is in good financial health and unlikely to fail. 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 that provide you with many options to manage your money. BancCentral does not have the best savings rate, which means you should consider 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 compared to other U.S. banks.

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Find a BancCentral Near Me

BancCentral has five physical branches in the U.S.

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