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Grand Savings Bank Review

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Grand Savings Bank Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Grand Savings Bank started in 1981 and is headquartered in Grove, Oklahoma. It handles assets of $425 million as well as deposits totaling $380 million, which makes it a medium-size bank. Grand Savings Bank lacks premium access to customer service, 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 superb 4.5 stars out of 5, Grand Savings Bank proves it is a superb bank that you should strongly consider. Grand Savings Bank offers a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Grand Savings Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Grand Savings Bank offers an option without a monthly fee. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best bet for accruing the most income from your deposits alongside easy access to your money.

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 0.40%, Grand Savings Bank ranks poorly in comparison to the average U.S. bank. Grand Savings Bank's one-year CD earns at a rate of 2.22%, while its highest-yielding money market account earns at an APY of 0.50%. Given its below average savings rate, you should consider other options to earn more on your deposits.

How Grand Savings Bank's Savings Rates Compare

Grand Savings Bank Savings 0.40 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Grand Savings Bank charges customers extremely low fees compared to the average U.S. bank. With no monthly fee, Grand Savings Bank is perfect for those who want a basic banking experience. Additionally, at $30.00, Grand Savings Bank has a noticeably lower overdraft fee compared to that of other U.S. banks. Grand Savings Bank does not reimburse out-of-network ATM fees, which means you will be required to search for a Grand Savings Bank ATM or pay the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Grand Savings Bank is a brick-and-mortar bank, with 12 total bank locations in Arkansas and Oklahoma. It also offers access to mobile and web apps for an easy mobile-banking experience. Grand Savings Bank gets reasonably satisfactory feedback from users for its online presence. The Grand Savings Bank mobile app rates a 4.2 out of 5 (out of 43 reviews on Apple and Android) compared to the national average of 3.8. You can use Grand Savings Bank's app to manage your finances by monitoring current statements, transferring money and accessing support representatives. Grand Savings Bank gets an exceptional consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Grand Savings Bank is a medium-size bank and has $425 million in assets and deposits totaling $380 million. Its Texas Ratio is 5.33%, suggesting that the bank is in fine financial well-being and unlikely to fail. Additionally, Grand Savings 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 Grand Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $50
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 2.22% APY
  • 24 Month: 2.63% APY
  • 36 Month: 2.78% APY
  • 48 Month: 2.88% APY
$1000 for all terms
Money Market Account 0.3% APY $2500

Grand Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Grand Savings Bank does not have the best savings rate, which means you should consider 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. Grand Savings Bank's CD rates are fair compared to the national average.

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Find a Grand Savings Bank Near Me

Grand Savings Bank has 12 physical locations in the U.S.

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