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Regent Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Regent Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Regent Bank was founded in 1898 and has its headquarters in Tulsa, Oklahoma. Regent Bank owns assets of $442 million and $395 million in deposits, making it a medium-size bank. Regent Bank has above-average customer service access with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave the bank a 4.5 out of 5 stars, indicating that Regent Bank is an excellent bank that you should strongly consider. Regent Bank provides customers with a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Regent Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Regent Bank's ordinary checking account does not have a monthly fee. Using an institution with no-fee checking as well as a high interest rate savings account is the best option for accruing the highest income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.5/5
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

With a savings rate of 0.10%, Regent Bank ranks poorly in comparison to the national average. Regent Bank's one-year CD has a rate of 2.45% and the five-year CD has a rate of 3.00%, while its highest-yielding money market account has an APY of 0.15%. Given its noncompetitive savings rate, you should consider other options to earn more on your deposits.

How Regent Bank's Savings Rates Compare

Regent Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Regent Bank generally has extremely low fees compared to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Regent Bank does not reimburse out-of-network ATM charges, which means you'll have to find a Regent Bank ATM or accept the cost of withdrawal.

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

4.3
SmartAsset Average: 3.7

Regent Bank is a brick-and-mortar bank, with five total bank locations in Missouri and Oklahoma. With mobile and web apps, Regent Bank makes account access straightforward, even on the go. It has access to all-day customer service. Regent Bank receives relatively positive ratings from users for its mobile platform. With 4 customer reviews on iOS and Android platforms, the Regent Bank mobile app has an overall rating of 4.2 out of 5 (compared to the national average of 3.8). You can use Regent Bank's mobile app to manage your funds by reviewing account balances, transferring money as well as accessing support representatives. Regent Bank gets an outstanding 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 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Regent Bank ranks as a medium-size bank with assets totaling $442 million and deposits totaling $395 million. Regent Bank has a strong Texas Ratio of 7.10%, indicating a tiny likelihood of failure. Additionally, Regent Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.1%
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 Regent Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 2.45% APY
  • 24 Month: 2.65% APY
  • 36 Month: 2.70% APY
  • 48 Month: 2.80% APY
  • 60 Month: 3.00% APY
$1000 for all terms
Money Market Accounts 0.1% APY 0.15% APY $10000 $15000

Regent Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Regent 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. Regent Bank's CD rates are fair compared to other U.S. banks.

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Find a Regent Bank Near Me

Regent Bank has five locations across the U.S.

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