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Regent Bank Review

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

Overview

Founded in 1898, Regent Bank has $442 million in assets and deposits totaling $395 million, ranking it as a medium-size bank. Regent Bank, whose headquarters are in Tulsa, Oklahoma, has above-average customer service access with all-day support available, great for getting help during the work week. 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. Coming in at a superb 4.5 stars out of 5, Regent Bank is among the best banks, and should be given strong consideration. Regent Bank offers a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Regent Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Regent Bank's standard checking account does not have a monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best option for accruing the most 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

Regent Bank features a savings rate of 0.10%, which is poor compared to the average U.S. bank. Regent Bank's one-year CD has a rate of 2.15% and the five-year CD has a rate of 2.85%, while its highest-yielding money market account earns at an APY of 0.15%. Given Regent Bank's noncompetitive savings rate, you should think about choosing another bank 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 charges customers extremely low fees compared to the national average. With no monthly fee, Regent Bank's checking account is ideal for people who want a hassle-free banking experience. Regent Bank does not refund out-of-network ATM fees, which means you will be required to locate a Regent Bank ATM or eat 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 convenient, even on the go. It has access to all-day customer service. Regent Bank receives fairly high marks from users for its mobile platform. Out of 4 customer reviews across 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). Regent Bank's mobile app lets you manage your funds by checking monthly statements, transferring funds as well as reaching support representatives. Regent Bank receives an exceptional consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 is currently a medium-size bank owning assets totaling $442 million as well as $395 million in deposits. Its Texas Ratio is 7.10%, signifying a small chance 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: 2.15% APY
  • 24 Month: 2.45% APY
  • 36 Month: 2.60% APY
  • 48 Month: 2.75% APY
  • 60 Month: 2.85% APY
$1000 for all terms
Money Market Account 0.1% APY $2500

Regent Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you 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 in comparison to other U.S. banks.

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Find a Regent Bank Near Me

Regent Bank has five branches across the U.S.

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