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First National Bank of Oklahoma 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
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 was founded in 1917 and is headquartered in Oklahoma City, Oklahoma. It owns assets of $447 million as well as deposits totaling $391 million, classifying 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. With a score of 4.3 stars out of 5, First National Bank of Oklahoma should be solidly in contention for your choice of bank. First National Bank of Oklahoma provides customers with a variety of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, First National Bank of Oklahoma's standard checking does not carry a monthly maintenance fee. Locating a checking account with no monthly fee, in addition to 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 maintaining convenient access to your money.

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

First National Bank of Oklahoma has a savings rate of 0.50%, which is fair in comparison to the average U.S. bank. First National Bank of Oklahoma's one-year CD has a rate of 2.00%, while its highest-yielding money market account has a rate of 0.75%. Given First National Bank of Oklahoma's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

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 charges customers extremely low fees in comparison to the national average. With no monthly fee, First National Bank of Oklahoma is perfect for people who want a simple checking account. First National Bank of Oklahoma does not reimburse out-of-network ATM charges, meaning you will need to locate a First National Bank of Oklahoma ATM or eat the ATM charge.

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 convenient mobile banking, even from home or work. First National Bank of Oklahoma receives an exceptional consumer satisfaction score based on relatively few consumer complaints brought 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 $447 million in assets as well as deposits totaling $391 million. First National Bank of Oklahoma's Texas Ratio is 1.23%, denoting that First National Bank of Oklahoma is in terrific financial well-being and unlikely to fail. 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: 2.35% APY
  • 48 Month: 2.80% APY
$1000 for all terms
Money Market Accounts 0.75% APY 0.75% APY $10000 $15000

First National Bank of Oklahoma offers several deposit products like 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 think about taking a look 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. First National Bank of Oklahoma's CD rates are fair compared to the national average.

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Find a First National Bank of Oklahoma Near Me

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

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