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Oklahoma Savings Rates 2017

If you have your savings dollars in a bank with low savings rates, then you are losing real money. With the magic of compounding interest, even an interest rate difference under 1% can really add up over time. See our Savings Booster Calculator to see why you should seek out a higher interest rate. The table below has an unbiased list of the savings and money market account rates of FDIC-insured banks that are near your current location (if they aren’t, then change the zip code above). Take a few minutes to explore these options and see how you can boost your savings by more than 6X the national average rate. You may also want to check credit unions near you or online banks by navigating through the tabs above. There is competition for your money. Take advantage of it!

OK - January 19, 2017

Savings Account National Average Rate: 0.13% ?

BANKS APY Vs. Nat'l Av. MIN MILES ?
CrossFirst Bank 1.00% 8.00x $1 -
Frontier State Bank 0.90% 7.20x $500 -
Frontier State Bank 0.75% 6.00x $100 -
Prime Bank 0.60% 4.80x $1 -
VALOR BANK 0.60% 4.80x $1 -
Citizens Bank of Oklahoma 0.60% 4.80x $100 -
Prime Bank 0.55% 4.40x $10,000 -
Triad Bank, National Association 0.53% 4.24x $10,000 -
First State Bank 0.50% 4.00x $20,000 -
The First State Bank 0.50% 4.00x $10,000 -
First National Bank of Oklahoma 0.50% 4.00x $10 -
Bank of Laverne 0.50% 4.00x $100 -
Oklahoma Heritage Bank 0.50% 4.00x $25,000 -
Great Nations Bank 0.50% 4.00x $25,000 -
Washita State Bank 0.50% 4.00x $200 -
The First National Bank of Pawnee 0.50% 4.00x $1 -
Bank of Grove 0.50% 4.00x $1 -
FirstBank 0.50% 4.00x $25,000 -
Oklahoma State Bank 0.48% 3.84x $2,500 -
Stockmans Bank 0.48% 3.84x $25,000 -
First National Bank & Trust Company of Vinita 0.47% 3.76x $25,000 -
The First State Bank 0.45% 3.60x $1 -
Great Nations Bank 0.45% 3.60x $100 -
Patriot Bank 0.45% 3.60x $25,000 -
The Security National Bank of Enid 0.45% 3.60x $10,000 -
Prime Bank 0.45% 3.60x $2,500 -
The Bank, National Association 0.45% 3.60x $25,000 -
Stockmans Bank 0.43% 3.44x $10,000 -
Stockmans Bank 0.42% 3.36x $2,500 -
Advantage Bank 0.41% 3.28x $25,000 -
First Bank of Chandler 0.40% 3.20x $1,000 -
Sooner State Bank 0.40% 3.20x $25,000 -
Triad Bank, National Association 0.40% 3.20x $25,000 -
First Bank & Trust Company 0.40% 3.20x $2,500 -
Community Bank 0.35% 2.80x $100 -
Oklahoma Heritage Bank 0.35% 2.80x $10,000 -
BancFirst 0.35% 2.80x $25,000 -
Patriot Bank 0.35% 2.80x $25,000 -
CENTRAL BANK OF OKLAHOMA 0.35% 2.80x $25,000 -
Bank of Cordell 0.35% 2.80x $25,000 -
Citizens Bank of Oklahoma 0.35% 2.80x $2,500 -
First Oklahoma Bank 0.35% 2.80x $1 -
The Payne County Bank 0.35% 2.80x $25,000 -
McClain Bank 0.35% 2.80x $25,000 -
NBC OKLAHOMA 0.35% 2.80x $50 -
Oklahoma State Bank 0.35% 2.80x $200 -
The Community State Bank 0.35% 2.80x $2,500 -
Sooner State Bank 0.35% 2.80x $1 -
The Bank, National Association 0.35% 2.80x $10,000 -
Grant County Bank 0.35% 2.80x $500 -
Triad Bank, National Association 0.35% 2.80x $100 -
Bank of Hydro 0.35% 2.80x $10,000 -
Stockmans Bank 0.35% 2.80x $1 -
Bank of Commerce 0.35% 2.80x $50 -
First National Bank 0.35% 2.80x $2,500 -
First National Bank 0.30% 2.40x $100 -
Farmers Exchange Bank 0.30% 2.40x $10,000 -
Grand Savings Bank 0.30% 2.40x $25,000 -
Community Bank 0.30% 2.40x $1 -
American Bank of Oklahoma 0.30% 2.40x $25,000 -
The First National Bank and Trust Company of Okmulgee 0.30% 2.40x $100 -
Oklahoma Heritage Bank 0.30% 2.40x $30 -
First Bethany Bank & Trust 0.30% 2.40x $25,000 -
Great Plains National Bank 0.30% 2.40x $25,001 -
Bank of Commerce 0.30% 2.40x $10,000 -
Peoples Bank 0.30% 2.40x $10,000 -
First Bank & Trust Company 0.30% 2.40x $100 -
First Bank of Chandler 0.30% 2.40x $1 -
McClain Bank 0.30% 2.40x $5,000 -
Exchange Bank and Trust Company 0.30% 2.40x $25,000 -
Patriot Bank 0.30% 2.40x $10,000 -
Quail Creek Bank, National Association 0.30% 2.40x $25,000 -
BancFirst 0.30% 2.40x $10,000 -
The First National Bank and Trust Company of Vinita 0.30% 2.40x $100 -
Security First National Bank of Hugo 0.25% 2.00x $50 -
Exchange Bank and Trust Company 0.25% 2.00x $10,000 -
First National Bank in Hominy 0.25% 2.00x $100 -
Quail Creek Bank, National Association 0.25% 2.00x $5,000 -
Bear State Bank 0.25% 2.00x $25,000 -
The Farmers and Merchants National Bank of Fairview 0.25% 2.00x $100 -
The Farmers State Bank 0.25% 2.00x $100 -
CrossFirst Bank 0.25% 2.00x $300 -
Bank of Cordell 0.25% 2.00x $100 -
American Bank of Oklahoma 0.25% 2.00x $100 -
Stroud National Bank 0.25% 2.00x $1,000 -
Bank 7 0.25% 2.00x $100 -
The Bank of the West 0.25% 2.00x $1 -
Fairview Savings and Loan Association 0.25% 2.00x $10 -
Bank of Vici 0.25% 2.00x $1 -
Advantage Bank 0.25% 2.00x $100 -
Farmers & Merchants Bank 0.25% 2.00x $10 -
Peoples State Bank 0.25% 2.00x $100 -
Southwest National Bank 0.25% 2.00x $25,000 -
First Pryority Bank 0.25% 2.00x $100 -
Grand Savings Bank 0.25% 2.00x $2,500 -
Sooner State Bank 0.25% 2.00x $1 -
CENTRAL BANK OF OKLAHOMA 0.25% 2.00x $10,000 -
The First State Bank of Pond Creek, Oklahoma 0.25% 2.00x $1 -
The State Exchange Bank 0.25% 2.00x $10 -
Cornerstone Bank 0.25% 2.00x $50 -
Great Nations Bank 0.25% 2.00x $1,000 -
The Central National Bank of Poteau 0.25% 2.00x $1 -
Fidelity Bank 0.25% 2.00x $2,500 -
First State Bank 0.25% 2.00x $100 -
The Pauls Valley National Bank 0.25% 2.00x $1 -
American Heritage Bank 0.25% 2.00x $25,000 -
AllNations Bank 0.25% 2.00x $10,000 -
The First National Bank of Thomas 0.25% 2.00x $25,000 -
Bank of Cherokee County 0.25% 2.00x $1 -
The First National Bank and Trust Company of Vinita 0.25% 2.00x $25,000 -
Cleo State Bank 0.25% 2.00x $1 -
Farmers State Bank, Allen, Oklahoma 0.25% 2.00x $100 -
Bank of Hydro 0.25% 2.00x $100 -
VALOR BANK 0.25% 2.00x $10,001 -
American Bank and Trust Company 0.25% 2.00x $25,000 -
BancFirst 0.25% 2.00x $1 -
Farmers and Merchants Bank 0.25% 2.00x $1,500 -
The Community State Bank 0.25% 2.00x $25 -
Patriot Bank 0.25% 2.00x $10,000 -
Alva State Bank & Trust Company 0.25% 2.00x $20 -
BancCentral, National Association 0.25% 2.00x $10 -
Farmers Exchange Bank 0.25% 2.00x $10 -
First National Bank & Trust Company of McAlester 0.25% 2.00x $25,000 -
Prosperity Bank 0.25% 2.00x $1 -
Grand Bank 0.25% 2.00x $25,000 -
Bank of Grove 0.25% 2.00x $1 -
Security Bank 0.25% 2.00x $25,001 -
Peoples Bank and Trust Company 0.25% 2.00x $50 -
Oklahoma Heritage Bank 0.25% 2.00x $1,000 -
The Farmers Bank 0.25% 2.00x $1 -
Bank of the Panhandle 0.24% 1.92x $1 -
Freedom Bank of Oklahoma 0.24% 1.92x $10,000 -
Liberty FSB 0.22% 1.76x $10,000 -
AllNations Bank 0.20% 1.60x $25 -
American Nation Bank 0.20% 1.60x $1 -
Commerce Bank 0.20% 1.60x $1,000 -
Great Plains National Bank 0.20% 1.60x $1 -
The Bank of the West 0.20% 1.60x $1,500 -
Walters Bank and Trust Company 0.20% 1.60x $1 -
The First State Bank 0.20% 1.60x $1 -
The Farmers and Merchants National Bank of Fairview 0.20% 1.60x $2,500 -
First Bank & Trust Company 0.20% 1.60x $25,000 -
City Bank and Trust Company 0.20% 1.60x $2,500 -
BancCentral, National Association 0.20% 1.60x $2,500 -
Advantage Bank 0.20% 1.60x $1 -
Grand Savings Bank 0.20% 1.60x $50 -
The Bank, National Association 0.20% 1.60x $1 -
InterBank 0.20% 1.60x $1 -
Firstar Bank, National Association 0.20% 1.60x $10,000 -
First National Bank of Oklahoma 0.20% 1.60x $5,000 -
MidFirst Bank 0.20% 1.60x $25,000 -
The First National Bank and Trust Company of Okmulgee 0.20% 1.60x $25,001 -
Farmers and Merchants Bank 0.20% 1.60x $2,500 -
FirstBank 0.20% 1.60x $50 -
Bear State Bank 0.20% 1.60x $10,000 -
All America Bank 0.20% 1.60x $25,000 -
Bank of Commerce 0.20% 1.60x $1 -
First National Bank in Hominy 0.20% 1.60x $10,000 -
First State Bank 0.20% 1.60x $1 -
SpiritBank 0.20% 1.60x $25,000 -
The First National Bank and Trust Co., Chickasha, Oklahoma 0.20% 1.60x $1 -
The First National Bank and Trust Company of Vinita 0.20% 1.60x $2,500 -
Farmers and Merchants Bank 0.20% 1.60x $50 -
The First State Bank 0.20% 1.60x $20 -
Latimer State Bank 0.20% 1.60x $50 -
The Pauls Valley National Bank 0.20% 1.60x $1,000 -
First Bank & Trust Co. 0.20% 1.60x $25,000 -
Security Bank 0.20% 1.60x $1 -
The First National Bank of Thomas 0.20% 1.60x $10,000 -
BancFirst 0.20% 1.60x $100 -
Bank of Commerce 0.20% 1.60x $10,000 -
Peoples Bank 0.20% 1.60x $10,000 -
The Security National Bank of Enid 0.20% 1.60x $1 -
Armstrong Bank 0.20% 1.60x $50 -
The First National Bank of Lindsay 0.20% 1.60x $1 -
Southwest National Bank 0.20% 1.60x $10,000 -
The First State Bank 0.20% 1.60x $25 -
Community State Bank of Canton 0.20% 1.60x $10 -
American Bank and Trust Company 0.20% 1.60x $100 -
First National Bank and Trust Company 0.20% 1.60x $1,000 -
The Payne County Bank 0.20% 1.60x $10,000 -
Prime Bank 0.20% 1.60x $100 -
Stroud National Bank 0.20% 1.60x $1,000 -
THE SEILING STATE BANK 0.20% 1.60x $100 -
Grand Bank 0.20% 1.60x $25,000 -
The Citizens State Bank 0.20% 1.60x $100 -
Peoples Bank and Trust Company 0.20% 1.60x $2,500 -
American Heritage Bank 0.20% 1.60x $1 -
Security State Bank of Wewoka, Oklahoma 0.20% 1.60x $150 -
Frazer Bank 0.20% 1.60x $25,000 -
First Bethany Bank & Trust 0.20% 1.60x $100 -
The State Bank of Wynnewood 0.17% 1.36x $2,500 -
First National Bank and Trust Company of Ardmore 0.17% 1.36x $25,001 -
AVB Bank 0.17% 1.36x $25,000 -
The State Bank of Wynnewood 0.16% 1.28x $10 -
ACB Bank 0.15% 1.20x $1 -
FSNB, National Association 0.15% 1.20x $1 -
First National Bank and Trust Company of Ardmore 0.15% 1.20x $1 -
Security State Bank of Wewoka, Oklahoma 0.15% 1.20x $25,000 -
First State Bank 0.15% 1.20x $1,000 -
The Exchange Bank 0.15% 1.20x $20 -
Bank of Cushing 0.15% 1.20x $100 -
McClain Bank 0.15% 1.20x $100 -
BancFirst 0.15% 1.20x $1 -
The First National Bank and Trust Company of Miami 0.15% 1.20x $2,500 -
State Guaranty Bank 0.15% 1.20x $100 -
First Bank & Trust Company 0.15% 1.20x $100 -
Lakeside State Bank 0.15% 1.20x $1 -
Regent Bank 0.15% 1.20x $25,000 -
FRAZER BANK 0.15% 1.20x $200 -
First National Bank and Trust Company 0.15% 1.20x $100 -
Exchange Bank and Trust Company 0.15% 1.20x $1 -
Vision Bank, National Association 0.15% 1.20x $25,000 -
Community National Bank of Okarche 0.15% 1.20x $25 -
The City National Bank and Trust Company of Lawton, Oklahoma 0.15% 1.20x $50 -
Bank SNB 0.15% 1.20x $25,000 -
MidFirst Bank 0.15% 1.20x $10,000 -
Legacy Bank 0.15% 1.20x $2,500 -
NBC OKLAHOMA 0.15% 1.20x $2,500 -
All America Bank 0.15% 1.20x $100 -
The Bank of Kremlin 0.15% 1.20x $1 -
The Payne County Bank 0.15% 1.20x $1 -
The First National Bank and Trust Company of Okmulgee 0.15% 1.20x $10,001 -
Central National Bank & Trust Co., of Enid 0.15% 1.20x $1 -
Security Bank and Trust Company 0.15% 1.20x $100 -
First Bank & Trust Co. 0.15% 1.20x $1 -
First National Bank & Trust Company of McAlester 0.15% 1.20x $1 -
Walters Bank and Trust Company 0.15% 1.20x $10 -
Bank of Commerce 0.15% 1.20x $2,500 -
Freedom Bank of Oklahoma 0.15% 1.20x $200 -
American Bank of Oklahoma 0.15% 1.20x $100 -
Grand Savings Bank 0.15% 1.20x $25,000 -
The State Exchange Bank 0.15% 1.20x $2,500 -
The First State Bank of Pond Creek, Oklahoma 0.15% 1.20x $2,500 -
Liberty National Bank 0.15% 1.20x $25 -
The First National Bank of Coweta 0.15% 1.20x $100 -
AllNations Bank 0.15% 1.20x $2,500 -
First Pryority Bank 0.15% 1.20x $1,000 -
Peoples Bank 0.15% 1.20x $2,500 -
Grand Bank 0.15% 1.20x $500 -
Liberty FSB 0.15% 1.20x $2,500 -
The Stock Exchange Bank 0.15% 1.20x $100 -
First National Bank of Weatherford 0.15% 1.20x $1 -
InterBank 0.15% 1.20x $25,000 -
Bear State Bank 0.15% 1.20x $1 -
First National Bank in Hominy 0.15% 1.20x $1,000 -
CENTRAL BANK OF OKLAHOMA 0.15% 1.20x $1,000 -
Herring Bank 0.15% 1.20x $10,000 -
Farmers and Merchants Bank 0.15% 1.20x $2,500 -
Patriot Bank 0.15% 1.20x $1,000 -
The First National Bank and Trust Company of Vinita 0.15% 1.20x $100 -
VALOR BANK 0.15% 1.20x $10 -
City Bank and Trust Company 0.15% 1.20x $1 -
First Security Bank and Trust Company 0.15% 1.20x $1 -
Intrust Bank, National Association 0.15% 1.20x $10,000 -
FNB Community Bank 0.15% 1.20x $100 -
First Bethany Bank & Trust 0.15% 1.20x $2,500 -
SNB Bank, National Association 0.15% 1.20x $1 -
Prosperity Bank 0.15% 1.20x $2,500 -
Community State Bank of Canton 0.15% 1.20x $2,500 -
AVB Bank 0.14% 1.12x $10,000 -
SNB Bank, National Association 0.14% 1.12x $25,000 -
First National Bank and Trust Company of Ardmore 0.13% 1.04x $10,001 -
Grant County Bank 0.13% 1.00x $1,500 -
F & M Bank 0.13% 1.00x $25,000 -
Great Southern Bank 0.12% 0.96x $25,000 -
Cornerstone Bank 0.12% 0.96x $25,000 -
AVB Bank 0.12% 0.96x $1 -
Legacy Bank 0.12% 0.96x $200 -
Liberty FSB 0.12% 0.96x $50 -
FNB Community Bank 0.12% 0.96x $25,000 -
SNB Bank, National Association 0.12% 0.96x $10,000 -
First United Bank and Trust Company 0.12% 0.96x $25,000 -
The First National Bank of Stigler 0.10% 0.80x $100 -
ACB Bank 0.10% 0.80x $10,000 -
Patriot Bank 0.10% 0.80x $100 -
The First Bank of Okarche 0.10% 0.80x $10 -
Armstrong Bank 0.10% 0.80x $10,000 -
Citizens Bank of Ada 0.10% 0.80x $25 -
Bank of Cushing 0.10% 0.80x $2,500 -
SpiritBank 0.10% 0.80x $1,000 -
The Stock Exchange Bank 0.10% 0.80x $10,000 -
Firstar Bank, National Association 0.10% 0.80x $1,000 -
Peoples Bank 0.10% 0.80x $100 -
Cleo State Bank 0.10% 0.80x $2,500 -
Bank SNB 0.10% 0.80x $200 -
Bank of Commerce 0.10% 0.80x $100 -
Community National Bank of Okarche 0.10% 0.80x $2,500 -
Herring Bank 0.10% 0.80x $100 -
Liberty National Bank 0.10% 0.80x $2,500 -
Security State Bank of Wewoka, Oklahoma 0.10% 0.80x $1,000 -
Regent Bank 0.10% 0.80x $100 -
Arvest Bank 0.10% 0.80x $10,000 -
The First National Bank of Thomas 0.10% 0.80x $100 -
Security Bank 0.10% 0.80x $1 -
Security First National Bank 0.10% 0.80x $1,000 -
Southwest National Bank 0.10% 0.80x $1 -
Great Plains National Bank 0.10% 0.80x $1,000 -
Great Southern Bank 0.10% 0.80x $100 -
RCB Bank 0.10% 0.80x $100 -
Vision Bank, National Association 0.10% 0.80x $250 -
State Guaranty Bank 0.10% 0.80x $2,500 -
The First National Bank and Trust Company of Okmulgee 0.10% 0.80x $2,500 -
Shamrock Bank, N.A. 0.10% 0.80x $100 -
Bank of the Panhandle 0.10% 0.80x $25,000 -
Valliance Bank 0.10% 0.80x $1 -
First State Bank 0.10% 0.80x $25,000 -
YNB 0.10% 0.80x $200 -
0.10% 0.80x $15 -
Valley National Bank 0.10% 0.80x $100 -
The Farmers Bank 0.10% 0.80x $1 -
F & M Bank 0.10% 0.80x $10 -
First United Bank and Trust Company 0.10% 0.80x $1 -
First Bank & Trust Co. 0.10% 0.80x $1 -
InterBank 0.10% 0.80x $1 -
The First National Bank of Coweta 0.10% 0.80x $500 -
Central National Bank & Trust Co., of Enid 0.10% 0.80x $1 -
Security Bank and Trust Company 0.10% 0.80x $2,500 -
The Bank of Kremlin 0.10% 0.80x $10,000 -
MidFirst Bank 0.10% 0.80x $1 -
City Bank and Trust Company 0.10% 0.80x $1 -
Lakeside State Bank 0.10% 0.80x $10,000 -
Farmers Exchange Bank 0.10% 0.80x $1,000 -
AVB Bank 0.10% 0.80x $2,500 -
First National Bank and Trust Company of Ardmore 0.10% 0.80x $1 -
Prosperity Bank 0.10% 0.80x $25,000 -
Intrust Bank, National Association 0.10% 0.80x $1 -
The First National Bank of Fort Smith 0.10% 0.80x $1 -
Welch State Bank of Welch, Okla. 0.10% 0.80x $50 -
Bear State Bank 0.10% 0.80x $100 -
Grand Savings Bank 0.10% 0.80x $2,500 -
First Fidelity Bank, National Association 0.10% 0.80x $10,000 -
Grand Bank 0.10% 0.80x $2,000 -
SNB Bank, National Association 0.10% 0.80x $2,500 -
Quail Creek Bank, National Association 0.10% 0.80x $100 -
Commerce Bank 0.10% 0.80x $10,000 -
First Texoma National Bank 0.10% 0.80x $20,000 -
CENTRAL BANK OF OKLAHOMA 0.10% 0.80x $100 -
Community State Bank 0.10% 0.80x $20,000 -
Freedom Bank of Oklahoma 0.10% 0.80x $1 -
Kirkpatrick Bank 0.10% 0.80x $200 -
The First National Bank and Trust Company of Miami 0.10% 0.80x $50 -
Welch State Bank of Welch, Okla. 0.09% 0.72x $25,000 -
Bank of the West 0.09% 0.72x $25,000 -
FNB Community Bank 0.09% 0.72x $10,000 -
International Bank of Commerce 0.08% 0.64x $500 -
Peoples Bank 0.08% 0.64x $25,000 -
The Eastman National Bank of Newkirk 0.08% 0.64x $25,000 -
First United Bank and Trust Company 0.08% 0.64x $10,000 -
First State Bank 0.08% 0.64x $2,500 -
FNB Community Bank 0.08% 0.64x $1 -
Kirkpatrick Bank 0.08% 0.64x $10,000 -
Lakeside State Bank 0.07% 0.56x $2,500 -
Great Southern Bank 0.07% 0.56x $10,000 -
The First National Bank and Trust Company of Broken Arrow 0.07% 0.52x $2,500 -
ACB Bank 0.05% 0.40x $2,500 -
First Texoma National Bank 0.05% 0.40x $50 -
Armstrong Bank 0.05% 0.40x $2,500 -
UMB Bank, National Association 0.05% 0.40x $1 -
Peoples Bank 0.05% 0.40x $1 -
First Fidelity Bank, National Association 0.05% 0.40x $1 -
Mabrey Bank 0.05% 0.40x $100 -
InterBank 0.05% 0.40x $1 -
BOKF, National Association 0.05% 0.40x $1 -
First State Bank 0.05% 0.40x $100 -
Bank of Commerce 0.05% 0.40x $25,000 -
Citizens Bank of Ada 0.05% 0.40x $2,500 -
SpiritBank 0.05% 0.40x $5,000 -
First-Citizens Bank & Trust Company 0.05% 0.40x $1 -
Valley National Bank 0.05% 0.40x $1,000 -
MidFirst Bank 0.05% 0.40x $1 -
Bank of the Panhandle 0.05% 0.40x $2,500 -
The Eastman National Bank of Newkirk 0.05% 0.40x $1,000 -
Fidelity Bank 0.05% 0.40x $100 -
Community State Bank 0.05% 0.40x $50 -
Shamrock Bank, N.A. 0.05% 0.40x $1 -
The Bank of Kremlin 0.05% 0.40x $2,500 -
The Stock Exchange Bank 0.05% 0.40x $2,500 -
Kirkpatrick Bank 0.05% 0.40x $1 -
Cornerstone Bank 0.05% 0.40x $5,000 -
Valliance Bank 0.05% 0.40x $1,000 -
Landmark Bank, National Association 0.05% 0.40x $1 -
Commerce Bank 0.05% 0.40x $100 -
Arvest Bank 0.05% 0.40x $100 -
Prosperity Bank 0.05% 0.40x $10,000 -
First United Bank and Trust Company 0.05% 0.40x $1,000 -
Bank SNB 0.05% 0.40x $1 -
The First National Bank and Trust Company of Broken Arrow 0.05% 0.36x $2,500 -
Welch State Bank of Welch, Okla. 0.04% 0.32x $1,500 -
The Eastman National Bank of Newkirk 0.04% 0.32x $10 -
Bank of the West 0.04% 0.32x $10,000 -
BOKF, National Association 0.03% 0.24x $100 -
Bank of America, National Association 0.03% 0.24x $1 -
Mabrey Bank 0.03% 0.24x $1 -
The First National Bank and Trust Company of Broken Arrow 0.03% 0.20x $100 -
Bank of the West 0.02% 0.16x $1 -
Great Southern Bank 0.02% 0.16x $2,500 -
UMB Bank, National Association 0.02% 0.16x $1 -
Bank of the West 0.01% 0.08x $1 -
Landmark Bank, National Association 0.01% 0.08x $200 -
JPMorgan Chase Bank, National Association 0.01% 0.08x $1 -
Bank of America, National Association 0.01% 0.08x $1 -
Bank of Commerce 0.01% 0.08x $10,000 -
Bank of Commerce 0.01% 0.04x $1 -


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PRODUCT INFORMATION


Local Savings Accounts 2017

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different product types (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.

Disadvantages:

  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you and be sure it is appropriate. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.

SAVINGS & CD BOOSTER CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Input the numbers

  • george koshefsky

    April 21, 2015

    Where is the list of the worst online banks to bank with or the States to avoid

  • ctyank January 19, 2015

    January 19, 2015

    Liberty Bank...Hamden, CT...new branch opening...special savings rate, 1.50% up to $100,000.00 through 2016...do not beleive it is available to om-line customer(s)...checking account linked, free...

  • Sol @ Travis

    September 29, 2013

    @ Travis

    In many cases we do provide this information. For example, the Belmont Savings Bank rate you list above comes with a clear disclaimer if you click the Learn more button. We're always trying to improve though and will certainly continue to gather additional information. Thanks for your comment.

  • Travis MacDonald

    September 29, 2013

    I find the numbers decieving. Some of your banks listed with the highest APR have many restrictions and requirements. I feel that these should be listed on your site in the "details" section to avoid any "bait-and-switch" claims. For instance, Belmont Savings Bank in Belmont, MA is listed as having a 1.00% APR, but the savings account requires a companion checking account with a daily average balance of 250,000. Another example is Salen Five cents Bank under the online banks. The account listed is not available on their website. When I inquired about it, they told me that particular savings product was reserved as an add-on for accounts with daily balances in excess of $10,000. It seems alot of research went into the details pages in terms of company financials and whatnot. Seems like a little more research could be done on the savings and checking products themselves.

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