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First National Bank of Oklahoma Review

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First National Bank of Oklahoma Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

First National Bank of Oklahoma started in 1917 and has its headquarters in Oklahoma City, Oklahoma. First National Bank of Oklahoma has assets of $447 million along with $391 million in deposits, ranking it as a medium-size bank. First National Bank of Oklahoma lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked the bank at a 4.3 stars out of 5, suggesting First National Bank of Oklahoma is a solid pick to be your bank. First National Bank of Oklahoma has a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, First National Bank of Oklahoma's standard checking account does not have a monthly fee. Using an institution with free checking and a high interest rate savings account is the best option for accruing the most income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

4.8
SmartAsset Average: 3.5

With a savings rate of 0.50%, First National Bank of Oklahoma ranks poorly in comparison to other U.S. banks. Its one-year CD earns at a rate of 2.00%, while its highest-yielding money market account has a rate of 0.60%. Given its poor savings rate, you should consider other options to earn more on your deposits.

How First National Bank of Oklahoma's Savings Rates Compare

First National Bank of Oklahoma Savings 0.50 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First National Bank of Oklahoma typically has extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. First National Bank of Oklahoma does not refund out-of-network ATM fees, which means you will be required to locate a First National Bank of Oklahoma ATM or eat 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

2.5
SmartAsset Average: 3.7

First National Bank of Oklahoma is a brick-and-mortar bank, with four total bank locations in Oklahoma. With a mobile app, First National Bank of Oklahoma provides straightforward mobile banking, even from home or work. First National Bank of Oklahoma gets a superb consumer satisfaction score based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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

5.0
SmartAsset Average: 4.8

First National Bank of Oklahoma is a medium-size bank owning assets totaling $447 million and deposits totaling $391 million. Its Texas Ratio is 1.23%, indicating that First National Bank of Oklahoma is in terrific financial well-being and far from failure. Additionally, First National Bank of Oklahoma is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 First National Bank of Oklahoma to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $10
Checking Account 0.1% APY $500
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.20% APY
  • 48 Month: 2.80% APY
$1000 for all terms
Money Market Account 0.6% APY $5000

First National Bank of Oklahoma has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First National Bank of Oklahoma 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. First National Bank of Oklahoma's CD rates are fair in comparison to the average U.S. bank.

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Find a First National Bank of Oklahoma Near Me

First National Bank of Oklahoma has four branches across the U.S.

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