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Quail Creek Bank Review

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Quail Creek Bank Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1974, Quail Creek Bank has assets totaling $632 million and deposits totaling $548 million, classifying it as a medium-size bank. Quail Creek Bank, whose headquarters are in Oklahoma City, Oklahoma, 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 offerings. Overall, Quail Creek Bank is a superb bank that you should strongly consider, with a rating of 4.6 out of 5 stars from our team. Quail Creek Bank has a varied selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. Quail Creek Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Quail Creek Bank's standard checking account does not have a monthly fee. Banks that offer no-fee checking as well as a high savings APY are the best option for getting the most income on your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.6/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

Quail Creek Bank has a savings rate of 0.40%, which is poor in comparison to the average U.S. bank. Its one-year CD has a rate of 1.92%, while its highest-yielding money market account has an APY of 0.75%. Given its poor savings rate, you should consider other options to earn more on your deposits.

How Quail Creek Bank's Savings Rates Compare

Quail Creek Bank Savings 0.40 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Quail Creek Bank has typically extremely low fees in comparison to other U.S. banks. With no monthly fee, Quail Creek Bank's checking account is perfect for those who need an easy checking account. Quail Creek Bank reimburses any incurred out-of-network ATM fees (with conditions), which means convenient access to cash at any time.

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

4.1
SmartAsset Average: 3.7

Quail Creek Bank is a brick-and-mortar bank, with one total bank locations in Oklahoma. With mobile and web apps, Quail Creek Bank makes account access easy, even on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. CT. Quail Creek Bank gets relatively decent feedback from users for its mobile app. The Quail Creek Bank mobile app is rated at 4.3 out of 5 (out of 32 customer reviews on iOS and Android) compared to the national average of 3.8. Quail Creek Bank's mobile app lets you control your accounts by reviewing monthly statements, transferring funds and reaching support representatives. Quail Creek Bank gets an exceptional consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
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

Quail Creek Bank ranks as a medium-size bank owning assets totaling $632 million and $548 million in deposits. It has a strong Texas Ratio of 5.78%, signifying a small chance of failure. Additionally, Quail Creek Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.78%
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 Quail Creek Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $1
Checking Account 0.05% APY $5000
Certificates of Deposit
  • 12 Month: 1.92% APY
  • 24 Month: 2.27% APY
$2500 for all terms
Money Market Accounts 0.65% APY 0.75% APY $10000 $15000

Quail Creek 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. Quail Creek Bank does not have the best savings rate, which means you should consider 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. Quail Creek Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Quail Creek Bank Near Me

Quail Creek Bank has one physical locations in the U.S.

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