Founded in 2008, Oakworth Capital Bank has $526 million in assets along with $462 million in deposits, making the institution a medium-size bank. Oakworth Capital Bank, whose headquarters are in Birmingham, Alabama, lacks premium access to customer service, 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 offerings. On the whole, Oakworth Capital Bank is a solid pick to be your bank, with a score of 4.4 out of 5 stars from our experts. Oakworth Capital Bank offers a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate compared to the average savings account. Locating a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best option for getting the most income from your deposits alongside convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Oakworth Capital Bank has a savings rate of 0.20%, which is fair compared to the average U.S. bank. Its CD rates are 2.40% and 2.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.80%. Given Oakworth Capital Bank's poor savings rate, you should think about choosing another bank to earn more on your deposits.
How Oakworth Capital Bank's Savings Rates Compare
There is insufficient data on Oakworth Capital Bank's fees to provide a full SmartAsset rating.
Oakworth Capital Bank is a brick-and-mortar bank, with three total branches in Alabama. It also offers access to mobile and web apps for an easy mobile-banking experience. Oakworth Capital Bank's online and mobile banking platforms get positive feedback from users. The Oakworth Capital Bank mobile app scored a 4.6 out of 5 (with 110 ratings on iOS and Android) compared to the national average of 3.8. You can use Oakworth Capital Bank's app to manage your accounts by checking current statements, transferring money and reaching customer service. Oakworth Capital Bank gets an outstanding consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Oakworth Capital Bank ranks as a medium-size bank owning assets totaling $526 million as well as deposits totaling $462 million. Its Texas Ratio is 0.00%, signifying that Oakworth Capital Bank is in excellent financial shape and far from failure. Additionally, Oakworth Capital 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 Oakworth Capital Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$2500|
|Checking Account||0.15% APY||$2500|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Accounts||0.8% APY 0.8% APY||$10000 $15000|
Oakworth Capital 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. Oakworth Capital 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. Oakworth Capital Bank's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a Oakworth Capital Bank Near Me
Oakworth Capital Bank has three locations across the U.S.Back to Overview