Founded in 1912, Origin Bank has assets totaling $4 billion as well as $4 billion in deposits, ranking it as a large bank. Origin Bank, whose headquarters are in Choudrant, Louisiana, has above-average access to customer service with all-day support available, great for getting help during the work week. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated the bank 3.9 out of 5 stars, indicating that Origin Bank is a good bank that warrants your consideration. Origin Bank provides customers with a full choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking product maintains a monthly fee of $5.00, making it a rather costly bank for checking. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same institution is your best option for returning the most income on your deposits while maintaining easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.10%, Origin Bank ranks poorly in comparison to the average U.S. bank. Origin Bank's one-year and five-year term lengths CDs earn at a rate of 0.40% and 1.51%, respectively, while its highest-yielding money market account earns at an APY of 0.20%. Given its noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.
How Origin Bank's Savings Rates Compare
Origin Bank charges customers high fees in comparison to the average U.S. bank. At $5.00/month, Origin Bank's checking account is less than great for people who want an easy checking account. Origin Bank doesn't refund out-of-network ATM charges, which means you will be required to find an Origin Bank ATM or accept the fee.
Origin Bank is a brick-and-mortar bank, with 45 total bank locations in Louisiana, Mississippi and Texas. With mobile and web apps, Origin Bank makes mobile banking straightforward, even on the go. It provides all-day access to representatives. Origin Bank's online and mobile banking platforms get great scores from users. The Origin Bank mobile app has been given a 4.8 out of 5 (with 2,900 customer reviews on Apple and Android) compared to the national average of 3.8. Origin Bank's mobile app lets you control your finances by checking current statements, transferring money as well as reaching support representatives. Origin Bank receives a superb consumer satisfaction score based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Origin Bank ranks as a large bank and handles assets totaling $4 billion as well as deposits totaling $4 billion. Its Texas Ratio is 5.13%, indicating a small possibility of 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
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 Origin Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$1|
|Checking Account||0.05% APY||$2500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.15% APY 0.2% APY||$10000 $15000|
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 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. Origin Bank's CD rates are fair in comparison to the national average.Back to Overview
Find a Origin Bank Near Me
Origin Bank has 45 branches across the U.S.Back to Overview