Valliance Bank started in 2004 with its headquarters in Oklahoma City, Oklahoma. Valliance Bank manages $414 million in assets along with $367 million in deposits, which makes it a medium-size bank. Valliance Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset has rated the bank 3.6 stars out of 5, which means Valliance Bank is a decent choice, but with better options out there. Valliance Bank offers numerous banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Valliance Bank has a fair savings rate; other popular banks have higher rates. Institutions that offer no-fee checking, in addition to a high savings APY are your best bet for returning the highest income on your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.10%, Valliance Bank ranks poorly compared to the national average. Its one-year CD has a rate of 0.60%, while its highest-yielding money market account has a rate of 0.10%. Given Valliance Bank's poor savings rate, you should consider other options to earn more on your deposits.
How Valliance Bank's Savings Rates Compare
There is insufficient data on Valliance Bank's fees to provide a full SmartAsset rating.
Valliance Bank is a brick-and-mortar bank, with five total branches in Oklahoma and Texas. With mobile and web apps, Valliance Bank makes account access easy, even on the go. Valliance Bank's online and mobile banking services get poor feedback from users. With 4 ratings on both iOS and Android platforms, the Valliance Bank mobile app is scored at 3.0 out of 5 (compared to the national average of 3.8). You can utilize Valliance Bank's app to control your accounts by monitoring monthly statements, transferring funds as well as reaching customer service. Valliance Bank receives an excellent consumer satisfaction rating due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Valliance Bank is a medium-size bank with $414 million in assets and deposits totaling $367 million. Valliance Bank has a strong Texas Ratio of 13.00%, suggesting a small chance of failure. Additionally, Valliance 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 Valliance Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$100|
|Checking Account||0.08% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.05% APY||$1000|
Valliance Bank offers several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. Valliance 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. Valliance Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a Valliance Bank Near Me
Valliance Bank has five branches across the U.S.Back to Overview