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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 assets totaling $988 million and deposits totaling $830 million, making the institution a medium-size bank. Mabrey Bank, whose headquarters are in Bixby, Oklahoma, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.4 out of 5 stars, Mabrey Bank proves it is a great choice and should warrant serious consideration. Mabrey Bank provides customers with the full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Mabrey Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's most basic checking does not have a monthly maintenance fee. Banks that offer no-fee checking and a high interest rate savings account are the best bet for accruing the most income from your deposits while maintaining 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 as compared against the national average. Its one-year CD earns at a rate of 1.00%, while its highest-yielding money market account earns at an APY of 0.25%. Given Mabrey Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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 charges customers extremely low fees compared to other U.S. banks. With no monthly fee, Mabrey Bank is ideal for people who want a simple checking account. Also, Mabrey Bank has an overdraft fee of $31.95, which is less than the average U.S. overdraft fee. Mabrey Bank does not refund out-of-network ATM charges, meaning you'll need to find a Mabrey Bank ATM or eat the withdrawal fee.

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 bank locations in Oklahoma. With mobile and web apps, Mabrey Bank makes account access easy, even on the go. Mabrey Bank receives reasonably positive scores from customers for its online presence. With 35 ratings on both iOS and Android platforms, the Mabrey Bank mobile app rates a 4.0 out of 5 (compared to the national average of 3.8). You can use Mabrey Bank's app to control your funds by checking current statements, transferring funds and reaching support representatives. Mabrey Bank receives a superb consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 currently a medium-size bank with assets totaling $988 million as well as deposits totaling $830 million. Mabrey Bank's Texas Ratio is 1.80%, denoting a low possibility of 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 Accounts 0.25% APY 0.25% APY $10000 $15000

Mabrey Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Mabrey Bank does not have the best savings rate, which means you should consider taking a look 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. Mabrey Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Mabrey Bank Near Me

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

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