Bank Reviews

Bank of Oklahoma Reviews, Rates: CDs, Savings, Money Markets, Mortgages

Bank of Oklahoma is a $24 billion regional financial services company based in Tulsa, Oklahoma and is definitely a bank that knows how to do business extremely well.

Although the headquarters is based in Tulsa, Oklahoma, this financial institution has seven bank subsidiaries in the following areas:

  • Albuquerque, New Mexico
  • Fayetteville and Bentonville, Arkansas
  • Phoenix metroplex
  • Kansas City, Kansas & Kansas City, Missouri
  • Tulsa, Oklahoma & Oklahoma City, Oklahoma
  • Dallas, Forth Worth and Houston areas
  • Denver, Colorado

Bank of Oklahoma strives to be apart of every community their institution is established. They have relationships with more than 600 nonprofit partners in the eight states they serve. Bank of Oklahoma has established the BOKF Foundation, which is a charitable entity guided by a board of directors. This foundation helps with health and human services, educational services, improving communities and recognizing arts & culture. Bank of Oklahoma donates computers, office supplies and furniture and books for children.

Bank of Oklahoma is a respectable financial institution providing ways for individuals to manage their money in varying accounts. They offer personal and business banking, as well as wealth management.

[tab: CDs]

The CDs that are offered by Bank of Oklahoma are fixed CDs and they allow you to move the interest earned to a Bank of Oklahoma checking, savings ormoney market account. There are no fees attached and the CDs are FDIC insured. Flexible terms are provided to Bank of Oklahoma customers and their CDs can be used as collateral for a loan.

Fixed CD Products – as of 9/14/11

  • 7 days
    • Under $100,000 – 0.05% Interest Rate – 0.05% APY
    • Over $100,000 – 0.10% Interest Rate – 0.10% APY
  • 30 days
    • Under $100,000 – 0.05% Interest Rate – 0.05% APY
    • Over $100,000 – 0.10% Interest Rate – 0.10% APY
  • 60 days
    • Under $100,000 – 0.05% Interest Rate – 0.05% APY
    • Over $100,000 – 0.10% Interest Rate – 0.10% APY
  • 90 days
    • Under $100,000 – 0.05% Interest Rate – 0.05% APY
    • Over $100,000 – 0.10% Interest Rate – 0.10% APY
  • 120 days
    • Under $100,000 – 0.10% Interest Rate – 0.10% APY
    • Over $100,000 – 0.15% Interest Rate – 0.15% APY
  • 180 days
    • Under $100,000 – 0.15% Interest Rate – 0.15% APY
    • Over $100,000 – 0.20% Interest Rate – 0.20% APY
  • 270 days
    • Under $100,000 – 0.20% Interest Rate – 0.20% APY
    • Over $100,000 – 0.25% Interest Rate – 0.25% APY
  • 1 year
    • Under $100,000 – 0.20% Interest Rate – 0.20% APY
    • Over $100,000 – 0.25% Interest Rate – 0.25% APY
  • 18 months
    • Under $100,000 – 0.20% Interest Rate – 0.20% APY
    • Over $100,000 – 0.25% Interest Rate – 0.25% APY
  • 2 years
    • Under $100,000 – 0.25% Interest Rate – 0.25% APY
    • Over $100,000 – 0.30% Interest Rate – 0.30% APY
  • 3 years
    • Under $100,000 – 0.45% Interest Rate – 0.45% APY
    • Over $100,000 – 0.50% Interest Rate – 0.50% APY
  • 4 years
    • Under $100,000 – 0.75% Interest Rate – 0.75% APY
    • Over $100,000 – 0.80% Interest Rate – 0.80% APY
  • 5 years
    • Under $100,000 – 1.15% Interest Rate – 1.15% APY
    • Over $100,000 – 1.19% Interest Rate – 1.20% APY
  • 7 years
    • Under $100,000 – 1.64% Interest Rate – 1.64% APY
    • Over $100,000 – 1.69% Interest Rate – 1.70% APY

IRA CDs – as of 9/14/11

  • 6 month – 0.15% Interest Rate – 0.15% APY
  • 1 year – 0.20% Interest Rate – 0.20% APY
  • 18 month – 0.20% Interest Rate – 0.20% APY
  • 2 years – 0.25% Interest Rate – 0.25% APY
  • 30 month – 0.25% Interest Rate – 0.25% APY
  • 3 years – 0.45% Interest Rate – 0.45% APY
  • 4 years – 0.75% Interest Rate – 0.75% APY
  • 5 years – 1.14% Interest Rate – 1.15% APY
  • 7 years – 1.64% Interest Rate – 1.65% APY

Terms & ConditionsFees may reduce earnings. Penalty for early withdrawals.

[tab:Savings Accounts]

The Personal Savings 2.0 account is a great starter account. A low $25 minimum opening deposit is required and minor customers who are under 18 years of age can open the account with no minimum deposit. There are no monthly maintenance fees if a monthly transfer of at least $5.00 from a Bank of Oklahoma checking account is established or if the account maintains a $100.00 minimum balance. If these are not met, then the monthly maintenance fee is $4.95. The interest earned is on any balance and this account can be accessed through Bank of Oklahoma’s free online banking.

Personal Savings 2.0 – as of 9/14/11

  • 0.10% Interest Rate
  • 0.10% APY

Terms & ConditionsFees may reduce earnings. All rates are variable.

[tab:Money Markets]

Bank of Oklahoma offers their PremiumMoney Market account. It requires a minimum $100.00 to open and there is a $10.00 monthly maintenance fee if the balance falls below $2,500.00. It comes with great amenities such as free incoming domestic wires, check images and online banking.

Premium Money Market Rates – as of 9/14/11

  • $0-$9,999 – 0.15% Interest Rate – 0.15% APY
  • $10,000-$24,999 – 0.25% Interest Rate – 0.25% APY
  • $25,000-$49,999 – 0.30% Interest Rate – 0.30% APY
  • $50,000-$99,999 – 0.35% Interest Rate – 0.35% APY
  • $100,000-$249,999 – 0.35% Interest Rate – 0.35% APY
  • $250,000 + – 0.40% Interest Rate – 0.40% APY

Terms & ConditionsFees may reduce earnings. All rates are variable.

[tab:Mortgages]

Bank of Oklahoma offers an easy-to-use online application for their mortgage process. Experienced mortgage experts are always near to help answer any questions or concerns that you may have.

The mortgage web center can be accessed through here.

[tab:END]

To Top