Best Banks and Credit Unions in Oklahoma
Looking for a new bank doesn’t have to be stressful. Find the best banks near you with our list of the best banks in Oklahoma.
Find the best CD rates in Oklahoma.
1) BancFirst
Savings APY: 0.40% with a minimum deposit of $100
CD APY: 1-year – 1.70%, 3-year – 2.00%, and 5-year – 1.35% with a minimum deposit of $1,000.
Monthly Fees: $1
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? It has 100 branch locations within the state.
Pros:
- The monthly service fee requirement is low
- There are several branches of the bank in the state
- The CD option yields are high
Cons
- The saving account yields are low
- Withdrawals have a fee on it
First on our list of the best banks in Oklahoma, BancFirst is headquartered in Oklahoma and was founded in 1980’s. The bank became a large institution after undergoing a number of mergers and acquisitions. With high interest rates and robust customer care, it is considered one of the largest banks in the nation.
BancFirst offers a wide range of banking and financial products including savings accounts, certificate of Deposits, checking accounts, IRAs, and Treasury funds as well as loan and mortgage options.
The bank holds $7.24 billion in assets and is one of the largest banks in the state and the country.
2) WEOKIE Federal Credit Union
Savings APY: 0.25% with a minimum deposit of $5
CD APY: 1-year – 2.05%, 3-year – 2.15%, and 5-year – 2.30% with a minimum deposit of $1,000.
Monthly Fees: Account Inactivity Fee, $2.00 per month
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? With more than 50,000 Surcharge-Free ATMs & Shared Branches available to our members.
Pros:
- Special high-yield CD options
- Reliable customer service
- Access to 50,000 Surcharge-Free ATM
Cons
- Limited branches in the state
WEOKIE Federal Credit Union was founded in 1969 and is headquartered in Oklahoma City, OK. It is the 4th largest credit union in the state and the 305th largest credit union in America. The credit Union is one of the oldest credit unions serving the residents of the state. It offers a full range of banking products and solutions including saving accounts, checking accounts, credit cards, debit cards, IRA savings, Money Market accounts, Certificates of Deposits, loans, and mortgage options to consumers and businesses.
The credit union owns assets worth $1.2 billion which makes it one of the largest financial institutions in Oklahoma.
3) Oklahoma Fidelity Bank
Savings APY: 0.05% with a minimum deposit of $100
CD APY: 1-year – 4.15%, 3-year – 1.00%, and 5-year – 1.00% with a minimum deposit of $500.
Monthly Fees: $4
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? Oklahoma Fidelity Bank operates four branch locations in the state.
Pros:
- The yield on 12 month CD is very impressive
- There Money Market rates are set at the national average
- Customer services are very impressive
- Online banking facility available
Cons
- Low APY on savings account
- The minimum CD rate term is 12 months
Oklahoma Fidelity Bank was founded in 1905. The bank is headquartered in Oklahoma City. It is one of the largest banks in Oklahoma with a presence in several states in America. The bank offers a full range of banking solutions including Personal checking accounts, personal savings accounts, Personal borrowing solutions, Personal home loans, Business Checking, Business savings, Business lending, and treasury services. The bank has a very reliable mobile and online banking system.
Oklahoma Bank owns assets worth $2.95 and has several branches in Kansas and Oklahoma.
4) Bank of Oklahoma
Savings APY: 0.10% with a minimum deposit of $50
CD APY: Standard CD 1-year – 0.10%, 3-year – 0.20%, and 5-year – 0.35% with a minimum deposit of $1,000.
Monthly Fees: $5
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? The bank has more than 50 branches in Oklahoma, but most are in Tulsa and Oklahoma City.
Pros:
- Free checking account available
- Banking products for all types of investment and borrowing
- Strong mobile app
- 24/7 check deposit service available
Cons
- Low-interest rates
- No fee ATM access
Bank of Oklahoma started in 1910 and is one of the top 30 banks in the US. Headquartered in Tulsa, the bank has several branches across the state, including Arizona, Arkansas, Colorado, Kansas, and Missouri.
The bank offers a full range of banking products such as Checking Accounts, Savings Accounts, Money Market Accounts, CDs, Loans, mortgages, and a wide variety of investment options. The bank owns $45 billion in assets and is one of the largest commercial banks in the city of Oklahoma and the country. They offer all their banking products through their mobile app and 24/7 online banking platform.
5) First Citizens Bank
Savings APY: 0.03% with a minimum deposit of $50
CD APY: 1-year – 0.01%, 3-year – 0.05%, and 5-year – 0.15% with a minimum deposit of $500.
Monthly Fees: $0 monthly fee
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? The bank serves 19 states with more than 550 branches.
Pros:
- Minimum account opening deposit requirements are low
- Waivable monthly fee
- Protection for overdraft
- High-yield CD options
Cons
- Poor APY structure on most investments
- Physical presence in only 19 states of the country
First Citizens Bank was founded in 1898 in North Carolina. It was initially named the Bank of Smithfield. It merged with CIT bank recently and became one of the top 20 U.S. banks based on assets.
The bank has a powerful Mobile app along with a strong online banking infrastructure. It offers its services through both platforms and its products include Checking accounts, savings accounts, Money Market Accounts, Certificates of Deposits, Auto loans, Home loans, Business loans, Line of Credit, lending, and savings options.
With a strong presence in 19 states of America and powerful management, this bank compares high among its competitors.
6) Arvest Bank
Savings APY: 0.25% with a minimum deposit of $100
CD APY: 1-year – 2.22%, and 2-year – 2.47% with a minimum deposit of $1,000.
Monthly Fees: $2
Federally Insured by: FDIC (Federal Deposit Insurance Corporation)
How many branches are in the State? Today, Arvest has more than 200 banking locations that are part of 14 locally managed banks in more than 110 communities and ATMs in Arkansas, Oklahoma, Missouri, and Kansas.
Arvest Bank is headquartered in Arkansas and operates branches in Kansas, Oklahoma & Missouri.
Pros:
- Low minimum deposit requirements to open an account
- Mobile app with multiple features and great user support
- Low overdraft fee as compared to other banks
Cons
- No customer support is available on Sundays and holidays
- High fee on out-of-the-network ATMs.
Headquartered in Fayetteville, Arvest Bank was founded in 1871 and operates in Arkansas, Kansas, Oklahoma, and Missouri. It is the second-largest bank in the state of Arkansas and the 81st-largest bank in the country.
The bank is a one-stop shop for all types of banking solutions as it offers all major banking products including money market accounts, savings accounts, certificates of deposit, and checking accounts. The bank also extends business and consumer loans including auto loans, home loans, personal loans, and business lending.
The bank is one of the largest banks in the nation with assets worth $26.59B+ under its name. It has a mobile app banking and an online banking system that allows easy access to the accounts.
7) Oklahoma Central Credit Union
Savings APY: a minimum deposit of $25
CD APY: 1-year – 2.55%, 3-year – 2.50%, and 5-year – 2.55% with a minimum deposit of $1,000.
Monthly Fees: $5
Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? more than 5,300 locations across the country, With ten convenient OCCU locations in the Tulsa area.
Pros:
- Low minimum deposit requirements to open an account
- Promising APY on CD products
- Reliable customer support
Cons
- Low APY on savings account
Headquartered in Tulsa, Oklahoma, Oklahoma Central Credit Union was founded in 1941. The credit Union is one of the oldest credit unions in the state of Oklahoma. It is also the 8th largest credit union in the state by size and asset holding.
Oklahoma Central Credit Union offers a full range of banking solutions with products such as saving accounts, checking accounts, credit cards, debit cards, IRA savings, money market accounts, certificates of deposit, loans, and mortgage options to consumers and businesses.
The bank owns $689,756,779 in assets and $624,056,262 in deposits which makes it a powerful bank in Oklahoma.
8) Communication Federal Credit Union
Savings APY: 0.10% with a minimum deposit of $25
CD APY: 1-year – 1.45%, 3-year – 1.65%, and 5-year – 1.85% with a minimum deposit of $1,000.
Monthly Fees: $0 monthly fee
Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? We have 22 branch locations in the Oklahoma & Kansas area and over 16,000 TransFund No-Surcharge ATMs nationwide
Pros:
- $0 monthly fee
- Low minimum deposit requirements for savings
- Presence in Oklahoma & Kansas
- Wide network of no-surcharge ATMs.
Cons
- The minimum CD term is 1 year
- Low APY on savings
Communication Federal Credit Union was founded in 1939 and is the 3rd largest credit union in the state of Oklahoma. The headquarters of the Credit Union is located in Oklahoma City and it is also the 244th largest credit union in the country. The Credit Union offers a wide range of banking, lending, and financing products and services to consumers and businesses.
Its core offerings include money market accounts, savings accounts, certificates of deposit and checking accounts, auto loans, home loans, personal loans, and business lending. Communication Federal Credit Union owns $1.92B in assets and has an A health rating.
9) Allegiance Credit Union
Savings APY: 0.05% with a minimum deposit of $5
CD APY: 1-year – 1.10%, 3-year – 1.85%, and 5-year – 2.05% with a minimum deposit of $500.
Monthly Fees: $0 monthly fee
Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? It has 4 branch locations.
Pros:
- No monthly fee
- Low minimum deposit requirement
- Robust customer support system
Cons
- The minimum CD term is 1 year
- Low APY on savings account
Headquartered in Oklahoma City, Allegiance Credit Union was founded in 1963 and is one of the best banks in Oklahoma. It is the 10th largest credit union in the state and the 874th largest credit union in the country. The credit union has a limited presence and a small group of employees.
The products from Allegiance Credit Union include checking accounts, savings accounts, money market accounts, certificates of deposits, auto loans, home loan, business loans, line of credit, lending and savings options.
It owns $368.3MM in assets and has 27000+ members associated with it.
10) Oklahoma’s Credit Union
Savings APY: Minimum deposit of $5
CD APY: Standard Rates 1-year – 2.27%, 3-year – 2.27%, and 5-year – 2.52% with a minimum deposit of $500.
Monthly Fees: $10
Federally Insured by: NCUA (National Credit Union Administration)
How many branches are in the State? Currently, OKCU has 5,000 branches located nationwide.
Pros:
- Low minimum deposit to open a savings account
- High APY on CDs
- Reliable customer service and support
Cons
- Only 4 branches in the state
- Low APY requirements
Last on our list of the best banks in Oklahoma, Oklahoma’s Credit Union was founded in 1954 and is headquartered in Oklahoma City. The credit union is the 8th largest credit union in the state of Oklahoma and the 537th largest credit union in America in terms of assets and banking presence. Ever since its inception, the bank has grown significantly with 137 employees and 51,473 members.
The credit union offers a wide range of banking products including savings accounts, certificates of Deposits, checking accounts, IRAs, Treasury funds as well as loan and mortgage options.
Oklahoma’s Credit Union owns assets worth $756.8MM. It also has a mobile app that allows access to banking to users 24/7.