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Mabrey Bank Review

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

Overview

Established in 1924, Mabrey Bank has $988 million in assets and $830 million in deposits, making it a medium-size bank. Mabrey Bank, whose headquarters are in Bixby, 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. Overall, Mabrey Bank is a great choice and should warrant serious consideration, with a rating of 4.4 stars out of 5 from the SmartAsset team. Mabrey Bank provides customers with a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Mabrey Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly charge. Finding a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for getting the most income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.7
SmartAsset Average: 3.5

With a savings rate of 0.25%, Mabrey Bank ranks poorly in comparison to the national average. Its one-year CD has a rate of 1.00%, while its highest-yielding money market account has a rate of 0.25%. Given its below average savings rate, you should think about taking a look at other banks for savings accounts.

How Mabrey Bank's Savings Rates Compare

Mabrey Bank Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.8
SmartAsset Average: 4.4

Mabrey Bank typically has extremely low fees compared to the average U.S. bank. With no monthly fee, Mabrey Bank is ideal for those who want a simple checking account. Additionally, at $31.95, Mabrey Bank's overdraft fee is noticeably lower than the average U.S. overdraft fee. Mabrey Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you'll have to find a Mabrey Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $31.95 National Average: $35.00
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Service Quality

4.0
SmartAsset Average: 3.7

Mabrey Bank is a brick-and-mortar bank, with 14 total branches in Oklahoma. It also offers access to mobile and web apps for an easy mobile-banking experience. Mabrey Bank receives fairly positive feedback from customers for its mobile app. The Mabrey Bank mobile app has an overall rating of 4.0 out of 5 (with 35 customer reviews on iOS and Android) compared to the national average of 3.8. Mabrey Bank's mobile app allows you to control your funds by looking at monthly statements, transferring funds and accessing support representatives. Mabrey Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
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

Mabrey Bank is a medium-size bank and handles $988 million in assets as well as $830 million in deposits. Mabrey Bank's Texas Ratio is 1.80%, signifying that Mabrey Bank is in superb financial well-being and far from failure. Additionally, Mabrey 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.

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Compare Mabrey Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.1% APY $500
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.16% APY
  • 36 Month: 1.31% APY
  • 48 Month: 1.46% APY
$2000 for all terms
Money Market Account 0.25% APY $10000

Mabrey Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Mabrey 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. Mabrey Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Mabrey Bank Near Me

Mabrey Bank has 14 physical branches in the U.S.

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