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Grand Savings Bank Review

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Grand Savings Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Grand Savings Bank was founded in 1981 with headquarters located in Grove, Oklahoma. It owns $425 million in assets and deposits totaling $380 million, which makes it a medium-size bank. Grand Savings 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 access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated Grand Savings Bank 4.5 stars out of 5, which means it is an exceptional bank that you should strongly consider. Grand Savings Bank has a varied selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Grand Savings Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Grand Savings Bank's ordinary checking account does not have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is your best option for returning the most income on your deposits while maintaining 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 0.20%, Grand Savings Bank ranks poorly in comparison to the national average. Its one-year CD earns at a rate of 2.22%, while its highest-yielding money market account has a rate of 0.50%. Given Grand Savings Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Grand Savings Bank's Savings Rates Compare

Grand Savings Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Grand Savings Bank charges its customers extremely low fees in comparison to other U.S. banks. Grand Savings Bank's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. Also, it has an overdraft fee of $30.00, which is markedly lower than the national average overdraft fee. Grand Savings Bank doesn't reimburse out-of-network ATM fees, which means you'll have to locate a Grand Savings Bank 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 $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's online and mobile banking platforms get moderately satisfactory scores from customers. The Grand Savings Bank mobile app has been given a 4.2 out of 5 (with 43 reviews on iOS and Android) compared to the national average of 3.8. Grand Savings Bank's mobile app allows you to manage your funds by monitoring account balances, transferring funds as well as reaching customer service. Grand Savings Bank receives an exceptional consumer satisfaction rating due to relatively few 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 currently a medium-size bank owning assets totaling $425 million as well as $380 million in deposits. Its Texas Ratio is 5.33%, signifying a tiny likelihood of failure. 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 0.2% 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 offers 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 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. Grand Savings Bank's CD rates are fair as compared against the national average.

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Find a Grand Savings Bank Near Me

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

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