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Origin Bank Review

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Origin Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1912, Origin Bank has assets totaling $4 billion along with deposits totaling $4 billion, classifying the institution as a large bank. Origin Bank, whose headquarters are in Choudrant, Louisiana, has above-average customer service access with all-day support available, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 3.9 stars out of 5, Origin Bank should be near the middle of the pack in your search for a bank. Origin Bank offers a full choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Origin Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product carries a $5.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same bank is the best option for getting the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

Origin Bank features a savings rate of 0.10%, which is fair as compared against the national average. Origin Bank's one-year CD has a rate of 0.40% and the five-year CD earns at a rate of 1.50%, while its highest-yielding money market account earns at an APY of 0.20%. Given Origin Bank's poor savings rate, you should consider other options to earn more on your deposits.

How Origin Bank's Savings Rates Compare

Origin Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

3.0
SmartAsset Average: 4.4

On average, Origin Bank charges its customers high fees in comparison to other U.S. banks. Its checking account has a monthly fee of $5.00, making it fair for anyone looking for a hassle-free account. Origin Bank does not refund out-of-network ATM fees, which means you will have to locate an Origin Bank ATM or accept the withdrawal fee.

Monthly Fee $5.00 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

4.6
SmartAsset Average: 3.7

Origin Bank is a brick-and-mortar bank, with 45 total branches in Louisiana, Mississippi and Texas. With mobile and web apps, Origin Bank makes mobile banking easy, even on the go. It offers all-day access to representatives. Origin Bank receives great scores from users for its mobile banking services. The Origin Bank mobile app has been given a 4.8 out of 5 (with 2,900 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Origin Bank's mobile app to control your accounts by looking at monthly statements, sending and receiving funds as well as accessing customer service. Origin Bank receives a superb consumer satisfaction rating based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.8/5
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

Origin Bank ranks as a large bank with assets totaling $4 billion and $4 billion in deposits. Origin Bank's Texas Ratio is 5.13%, suggesting that the bank is in fine financial shape and far from failure. Additionally, Origin Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.13%
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 Origin Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.60% APY
  • 36 Month: 1.10% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.50% APY
$500 for all terms
Money Market Account 0.15% APY $50

Origin 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. Origin Bank does not have the best savings rate, which means you should think about taking a look 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. Origin Bank's CD rates are fair compared to the average U.S. bank.

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Find a Origin Bank Near Me

Origin Bank has 45 branches in the U.S.

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