Loading
Tap on the profile icon to edit
your financial details.

Vision Bank Review

Your Details Done
by Updated
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
Vision Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Vision Bank first started operating in 1924 with its headquarters in Ada, Oklahoma. It owns assets of $658 million as well as deposits totaling $508 million, classifying it as a medium-size bank. Vision Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. We ranked the bank at a 4.5 out of 5 stars, which means Vision Bank is an exceptional bank that you should strongly consider. Vision Bank provides customers with a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Vision Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Vision Bank's most basic checking does not carry a monthly charge. Locating an institution with no-fee checking and a high interest rate savings account is your best bet for gaining the highest income from your deposits while having convenient 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

4.4
SmartAsset Average: 3.5

Vision Bank features a savings rate of 0.30%, which is fair compared to the national average. Vision Bank's one-year and five-year term lengths CDs earn at a rate of 2.02% and 2.88%, respectively, while its highest-yielding money market account has an APY of 0.35%. Given Vision Bank's below average savings rate, you should think about taking a look at other banks for savings accounts.

How Vision Bank's Savings Rates Compare

Vision Bank Savings 0.30 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, Vision Bank charges its customers extremely low fees compared to the average U.S. bank. With no monthly fee, Vision Bank is perfect for those who want a basic banking experience. Vision Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll need to find a Vision 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
Back to Overview

Service Quality

3.9
SmartAsset Average: 3.7

Vision Bank is a brick-and-mortar bank, with nine total bank locations in Oklahoma. With mobile and web apps, Vision Bank makes mobile banking straightforward, even on the go. Vision Bank receives average feedback from customers for its online presence. With 75 customer reviews on iOS and Android platforms, the Vision Bank mobile app has an overall rating of 3.9 out of 5 (compared to the national average of 3.8). Vision Bank's mobile app allows you to control your funds by looking at current statements, sending and receiving funds and reaching customer service. Vision Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.6
SmartAsset Average: 4.8

Vision Bank is currently a medium-size bank with $658 million in assets and deposits totaling $508 million. Vision Bank's Texas Ratio is 9.57%, suggesting that the bank is in good financial shape and unlikely to fail. Additionally, Vision Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

9.57%
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.

Back to Overview

Compare Vision Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $250
Checking Account 0.45% APY $1500
Certificates of Deposit
  • 12 Month: 2.02% APY
  • 24 Month: 2.27% APY
  • 36 Month: 2.42% APY
  • 48 Month: 2.68% APY
  • 60 Month: 2.88% APY
$1000 for all terms
Money Market Accounts 0.35% APY 0.35% APY $10000 $15000

Vision Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Vision Bank does not have the best savings rate, which means you should consider taking a look 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. Vision Bank's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Vision Bank Near Me

Vision Bank has nine physical branches across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure