NBC Oklahoma Review

Overview

NBC Oklahoma Bank first started operating in 1931 with headquarters located in Oklahoma City, Oklahoma. NBC Oklahoma owns $680 million in assets as well as deposits totaling $584 million, making it a medium-size bank. NBC Oklahoma lacks premium access to support representatives, 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. On the whole, NBC Oklahoma is among the top banks, and should be given serious consideration, with a rating of 4.5 out of 5 stars from the SmartAsset experts. NBC Oklahoma has a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, NBC Oklahoma offers an option without a maintenance or monthly fee. Banks that offer no-fee checking as well as a high savings APY are the best bet for returning the highest income on your deposits while maintaining easy access to your funds.

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

NBC Oklahoma features a savings rate of 1.00%, which is fair as compared against the national average. Its CDs feature a rate of 2.01% and 2.77% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 1.31%. Given NBC Oklahoma's below average savings rate, you should consider other options to earn more on your deposits.

How NBC Oklahoma's Savings Rates Compare

NBC Oklahoma charges customers extremely low fees compared to the national average. With no monthly fee, NBC Oklahoma's checking account is ideal for those who need an easy banking experience. NBC Oklahoma doesn't reimburse out-of-network ATM fees, meaning you'll have to search for a NBC Oklahoma ATM or pay the ATM charge.

NBC Oklahoma Bank is a brick-and-mortar bank, with eight total branches in Oklahoma. With mobile and web apps, NBC Oklahoma makes mobile banking straightforward, even on the go. NBC Oklahoma gets unsatisfactory marks from customers for its mobile app. The NBC Oklahoma mobile app has an overall rating of 2.6 out of 5 (with 19 reviews on iOS and Android) compared to the national average of 3.8. NBC Oklahoma's mobile app allows you to manage your funds by checking account balances, sending and receiving funds as well as reaching customer service. NBC Oklahoma receives a superb consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

NBC Oklahoma ranks as a medium-size bank with assets totaling $680 million as well as deposits totaling $584 million. NBC Oklahoma's Texas Ratio is 5.58%, suggesting a small opportunity of failure. Additionally, NBC Oklahoma 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.

Products Offered

NBC Oklahoma Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. NBC Oklahoma 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. NBC Oklahoma's CD rates are fair in comparison to the national average.

Find a NBC Oklahoma Near Me

NBC Oklahoma has eight locations across the U.S.