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Oakworth Capital Bank Review

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Oakworth Capital Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Oakworth Capital Bank first started operating in 2008 and is headquartered in Birmingham, Alabama. It has assets of $526 million and deposits totaling $462 million, which makes it a medium-size bank. Oakworth Capital Bank 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 access to service representatives at a physical location, in addition to its online and mobile apps. We ranked Oakworth Capital Bank at a 4.4 stars out of 5, suggesting it is a great bank that you should seriously consider. Oakworth Capital Bank provides customers with a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; you can find higher rates with other banks. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best bet for returning the most income from your deposits while having 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

4.0
SmartAsset Average: 3.5

Oakworth Capital Bank features a savings rate of 0.20%, which is poor compared to the average U.S. bank. Oakworth Capital Bank's one-year CD has a rate of 1.60% and the five-year CD has a rate of 2.40%, while its highest-yielding money market account earns at a rate of 0.80%. Given its noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How Oakworth Capital Bank's Savings Rates Compare

Oakworth Capital Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Oakworth Capital Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

4.3
SmartAsset Average: 3.7

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 simple access and banking on the go. Oakworth Capital Bank's online and mobile banking services receive great feedback from users. The Oakworth Capital Bank mobile app rates a 4.6 out of 5 (out of 110 reviews on Apple and Android) compared to the national average of 3.8. You can access Oakworth Capital Bank's app to manage your bank accounts by reviewing current statements, sending and receiving money and reaching support representatives. Oakworth Capital Bank receives an exceptional consumer satisfaction score due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.6/5
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

Oakworth Capital Bank is a medium-size bank with $526 million in assets as well as deposits totaling $462 million. Its Texas Ratio is 0.00%, signifying that the bank is in excellent financial condition 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.

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Compare Oakworth Capital Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $2500
Checking Account 0.15% APY $2500
Certificates of Deposit
  • 12 Month: 1.60% APY
  • 24 Month: 2.40% APY
  • 36 Month: 2.40% APY
  • 48 Month: 2.40% APY
  • 60 Month: 2.40% APY
$10000 for all terms
Money Market Account 0.8% APY $25000

Oakworth Capital 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. Oakworth Capital Bank 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. Oakworth Capital Bank's CD rates are fair compared to other U.S. banks.

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Find a Oakworth Capital Bank Near Me

Oakworth Capital Bank has three branches in the U.S.

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