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NBC Oklahoma Review

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NBC Oklahoma Savings
1.00% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1931, NBC Oklahoma Bank has assets totaling $680 million along with deposits totaling $584 million, which makes it a medium-size bank. NBC Oklahoma, whose headquarters are in Oklahoma City, Oklahoma, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, NBC Oklahoma is an outstanding bank that you should seriously consider, with a rating of 4.5 out of 5 stars from the SmartAsset team. NBC Oklahoma offers the complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. NBC Oklahoma has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, NBC Oklahoma's standard checking account does not have a monthly maintenance charge. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same institution is the best option for getting the most income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

5.0
SmartAsset Average: 3.5

With a savings rate of 1.00%, NBC Oklahoma ranks poorly compared to other U.S. banks. NBC Oklahoma's one-year CD earns at a rate of 1.91% and the five-year CD has a rate of 2.77%, while its highest-yielding money market account earns at a rate of 1.31%. Given NBC Oklahoma's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How NBC Oklahoma's Savings Rates Compare

NBC Oklahoma Savings 1.00 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, NBC Oklahoma charges its customers extremely low fees compared to other U.S. banks. With no monthly fee, NBC Oklahoma's checking account is ideal for those who want an easy checking account. NBC Oklahoma does not refund out-of-network ATM fees, which means you'll have to find a NBC Oklahoma 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 N/A National Average: $35.00
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Service Quality

3.2
SmartAsset Average: 3.7

NBC Oklahoma Bank is a brick-and-mortar bank, with eight total bank locations in Oklahoma. With mobile and web apps, NBC Oklahoma makes account access convenient, even on the go. NBC Oklahoma receives poor reviews from users for its mobile platform. With 19 ratings across iOS and Android platforms, the NBC Oklahoma mobile app is scored at 2.6 out of 5 (compared to the national average of 3.8). NBC Oklahoma's mobile app allows you to manage your bank accounts by reviewing account balances, transferring funds as well as accessing customer service. NBC Oklahoma gets an exceptional consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

NBC Oklahoma is a medium-size bank with assets totaling $680 million and deposits totaling $584 million. Its Texas Ratio is 5.58%, suggesting a tiny likelihood 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

5.58%
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 NBC Oklahoma to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.0% APY $50
Checking Account 0.6% APY $50
Certificates of Deposit
  • 12 Month: 1.91% APY
  • 24 Month: 2.16% APY
  • 36 Month: 2.52% APY
  • 48 Month: 2.62% APY
  • 60 Month: 2.77% APY
$1000 for all terms
Money Market Account 1.31% APY $10000

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 consider 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. NBC Oklahoma's CD rates are fair as compared against the national average.

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Find a NBC Oklahoma Near Me

NBC Oklahoma has eight physical locations in the U.S.

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