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Focus Bank Review

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Focus Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Focus Bank started in 1930 with headquarters in Charleston, Missouri. It has assets of $764 million along with $573 million in deposits, classifying it as a medium-size bank. Focus Bank 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 in-person service, in addition to its online and mobile offerings. With a commendable 4.1 stars out of 5, Focus Bank proves it is a respectable bank that should be given a look. Focus Bank has a varied selection of banking products, which include 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, Focus Bank offers an option without a monthly fee. Finding an institution with no-fee checking, in addition to a high savings APY is the best bet for getting the most income from 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 0.25%, Focus Bank ranks poorly in comparison to other U.S. banks. Focus Bank's one-year and five-year term lengths CDs earn at a rate of 0.50% and 2.02%, respectively, while its highest-yielding money market account earns at a rate of 0.25%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Focus Bank's Savings Rates Compare

Focus Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Focus Bank generally has extremely low fees compared to other U.S. banks. Focus Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Additionally, at $32.00, Focus Bank's overdraft fee is considerably lower than the national average. Focus Bank doesn't refund out-of-network ATM fees, which means you'll be required to find a Focus Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Focus Bank is a brick-and-mortar bank, with 12 total branches in Arkansas and Missouri. With mobile and web apps, Focus Bank makes account access convenient, even on the go. Focus Bank receives relatively good scores from customers for its online presence. Out of 82 customer reviews on Apple and Android platforms, the Focus Bank mobile app has an overall rating of 4.1 out of 5 (compared to the national average of 3.8). Focus Bank's mobile app allows you to control your finances by looking at account balances, sending and receiving money and reaching customer service. Focus Bank receives a superb consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Focus Bank ranks as a medium-size bank and manages $764 million in assets and deposits totaling $573 million. Its Texas Ratio is 12.42%, suggesting that Focus Bank is in good financial health and far from failure. Additionally, Focus Bank 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 Focus Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.15% APY $2500
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 2.27% APY
  • 36 Month: 1.91% APY
  • 48 Month: 1.91% APY
  • 60 Month: 2.02% APY
$1000 for all terms
Money Market Account 0.25% APY $1

Focus Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Focus Bank 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. Focus Bank's CD rates are fair compared to the national average.

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Find a Focus Bank Near Me

Focus Bank has 12 locations in the U.S.

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