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Old Missouri Bank Review

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


Old Missouri Bank started in 1883 with headquarters located in Springfield, Missouri. Old Missouri Bank owns assets of $387 million as well as deposits totaling $315 million, classifying it as a small bank. Old Missouri Bank lacks premium access to support representatives, with no options for live chat or all-day service. 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. With a commendable 4.3 out of 5 stars, Old Missouri Bank proves it is a great bank that you should seriously consider. Old Missouri Bank offers a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Old Missouri Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Old Missouri Bank's standard checking does not have a monthly maintenance fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for returning the most income on your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.20%, Old Missouri Bank ranks poorly as compared against the national average. Its CD rates are 1.81% and 3.02% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given Old Missouri Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Old Missouri Bank's Savings Rates Compare

Old Missouri Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Old Missouri Bank charges customers extremely low fees as compared against the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Old Missouri Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you will have to locate an Old Missouri Bank ATM or pay the fee.

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

SmartAsset Average: 3.7

Old Missouri Bank is a brick-and-mortar bank, with six total bank locations in Missouri. With mobile and web apps, Old Missouri Bank makes mobile banking easy, even on the go. Old Missouri Bank gets inferior feedback from customers for its mobile platform. The Old Missouri Bank mobile app has been given a 3.2 out of 5 (out of 9 customer reviews on iOS and Android) compared to the national average of 3.8. You can use Old Missouri Bank's app to control your bank accounts by looking at account balances, sending and receiving funds as well as reaching customer service. Old Missouri Bank gets an exceptional consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Old Missouri Bank ranks as a small bank and handles $387 million in assets and deposits totaling $315 million. Old Missouri Bank's Texas Ratio is 12.49%, indicating a tiny likelihood of failure. Additionally, Old Missouri Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Old Missouri Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Certificates of Deposit
  • 12 Month: 1.81% APY
  • 24 Month: 2.11% APY
  • 36 Month: 2.62% APY
  • 48 Month: 2.77% APY
  • 60 Month: 3.02% APY
$1000 for all terms
Money Market Account 0.2% APY $25000

Old Missouri Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Old Missouri Bank 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. Old Missouri Bank's CD rates are fair compared to the average U.S. bank.

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Find a Old Missouri Bank Near Me

Old Missouri Bank has six branches in the U.S.

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