Liberty National Bank first started operating in 1902 with headquarters located in Lawton, Oklahoma. It has $456 million in assets and deposits totaling $396 million, which makes it a medium-size bank. Liberty National 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 apps. SmartAsset has rated the bank 4.1 out of 5 stars, indicating that Liberty National Bank is a good bank that you should consider. Liberty National Bank provides customers with a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Liberty National Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product carries a $3.00 monthly fee, which is not too high as compared against the national average. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best option for gaining the most income from your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Liberty National Bank has a savings rate of 0.15%, which is fair compared to other U.S. banks. Liberty National Bank's one-year CD has a rate of 1.85%, while its highest-yielding money market account has a rate of 0.60%. Given Liberty National Bank's poor savings rate, you should think about other options to earn more on your deposits.
How Liberty National Bank's Savings Rates Compare
On average, Liberty National Bank charges its customers above-average fees compared to the national average. At $3.00 per month, Liberty National Bank's checking account is less than ideal for those who want a hassle-free checking account. Liberty National Bank refunds any incurred out-of-network ATM fees (with conditions), making ATM withdrawals a free and simple process.
Liberty National Bank is a brick-and-mortar bank, with seven total bank locations in Oklahoma. With mobile and web apps, Liberty National Bank makes account access easy, even on the go. Liberty National Bank's online and mobile banking services get fair scores from customers. With 36 customer reviews across Apple and Android platforms, the Liberty National Bank mobile app is scored at 3.6 out of 5 (compared to the national average of 3.8). Liberty National Bank's mobile app allows you to manage your accounts by reviewing current statements, transferring funds as well as accessing support representatives. Liberty National Bank gets an exceptional consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Liberty National Bank is currently a medium-size bank and owns $456 million in assets as well as deposits totaling $396 million. Its Texas Ratio is 2.00%, signifying a negligible likelihood of failure. Additionally, Liberty National Bank 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.Back to Overview
Compare Liberty National Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.15% APY||$25|
|Checking Account||0.1% APY||$1500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.35% APY 0.6% APY||$10000 $15000|
Liberty National 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. Liberty National 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. Liberty National Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a Liberty National Bank Near Me
Liberty National Bank has seven locations in the U.S.Back to Overview