Valliance Bank first started operating in 2004 and is headquartered in Oklahoma City, Oklahoma. It manages assets of $414 million and deposits totaling $367 million, making it a medium-size bank. Valliance Bank lacks premium access to customer service, with no live chat or all-day service options available. 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. On the whole, Valliance Bank is a bank with better alternatives, with a rating of 3.6 stars out of 5 from the SmartAsset experts. Valliance Bank has a variety of product offerings, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Valliance Bank has a fair savings rate; other popular banks have higher rates. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best bet for accruing 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 0.30%, Valliance Bank ranks poorly in comparison to the national average. Its one-year CD has a rate of 2.53%, while its highest-yielding money market account has a rate of 0.70%. Given Valliance Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.
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. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Valliance Bank gets poor marks from users for its mobile platform. With 4 ratings on both Apple and Android platforms, the Valliance Bank mobile app rates a 3.0 out of 5 (compared to the national average of 3.8). You can access Valliance Bank's app to manage your accounts by reviewing account balances, transferring money as well as reaching customer service. Valliance Bank receives an excellent consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Valliance Bank is a medium-size bank with assets totaling $414 million as well as deposits totaling $367 million. Its Texas Ratio is 13.00%, indicating a tiny 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||0.3% APY||$200|
|Checking Account||0.3% APY||$400|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.7% APY 0.7% APY||$10000 $15000|
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 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. Valliance Bank's CD rates are fair compared to the national average.Back to Overview
Find a Valliance Bank Near Me
Valliance Bank has five physical locations across the U.S.Back to Overview