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BOK Financial Review

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BOK Financial Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


BOK Financial Bank first started operating in 1910 with headquarters in Tulsa, Oklahoma. BOK Financial handles $32 billion in assets along with $22 billion in deposits, which makes it a very large bank. BOK Financial lacks premium access to customer service, 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 offerings. Coming in at an average 3.8 stars out of 5, BOK Financial is a decent choice, but with better options out there. BOK Financial has a varied selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. BOK Financial has a fair savings rate; other popular banks have higher rates. The bank's standard checking product carries a monthly fee of $4.95, which places it at the higher end of monthly fees. Banks that offer no-fee checking, in addition to a high savings APY are your best option for returning the highest 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

BOK Financial has a savings rate of 0.15%, which is fair in comparison to the national average. Its one-year CD earns at a rate of 1.00% and the five-year CD has a rate of 2.00%, while its highest-yielding money market account earns at an APY of 0.30%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How BOK Financial 's Savings Rates Compare

BOK Financial Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, BOK Financial charges customers above-average fees as compared against the national average. BOK Financial 's checking account has a monthly fee of $4.95, making it fair for anyone looking for a simple account. For those who use cash often, it is fair because it charges an out-of-network ATM fee of $2.00, which is reasonable compared to other U.S. banks. Additionally, at $32.50, BOK Financial 's overdraft fee is significantly lower than the average overdraft fee charged by U.S. banks. BOK Financial unfortunately does not reimburse out-of-network ATM fees, which means you'll be required to search for a BOK Financial ATM or accept the ATM charge.

Monthly Fee $4.95 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $32.50 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

BOK Financial Bank is a brick-and-mortar bank, with 135 total branches in Arizona, Arkansas, California, Colorado, Kansas, Missouri, New Mexico, Oklahoma and Texas. It also offers access to mobile and web apps for easy access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:00 a.m. to 9:00 p.m. CT; Saturday, and 8:00 a.m. to 5:00 p.m. CT. BOK Financial 's online and mobile banking platforms get fair feedback from users. The BOK Financial mobile app has been given a 3.9 out of 5 (out of 1,400 reviews on iOS and Android) compared to the national average of 3.8. BOK Financial 's mobile app lets you control your accounts by reviewing account balances, transferring money and accessing customer service. However, BOK Financial gets a fair consumer satisfaction score due to a large number of consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 3.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

BOK Financial is currently a very large bank owning $32 billion in assets and deposits totaling $22 billion. BOK Financial 's Texas Ratio is 5.44%, indicating a tiny likelihood of failure. Additionally, BOK Financial 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 BOK Financial to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.15% APY $1
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 2.35% APY
  • 36 Month: 1.35% APY
  • 48 Month: 1.40% APY
  • 60 Month: 2.00% APY
$1000 for all terms
Money Market Account 0.3% APY $25000

BOK Financial Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. BOK Financial does not have the best savings rate, which means you should think about looking elsewhere 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. BOK Financial 's CD rates are fair compared to the average U.S. bank.

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Find a BOK Financial Near Me

BOK Financial has 135 physical locations across the U.S.

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