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Interest Bearing Accounts

Regular NOW Account

  • Available to Individuals, Nonprofit and Government Organizations and Sole Proprietorships
  • Minimum balance to open the account: $1,000.00
  • Interest is compounded and credited to your account every month.

We use the daily balance computation method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. You must maintain the minimum $1,000.00 balance to earn interest and to obtain the annual percentage yield disclosed.

Maintenance Fees – If account balance falls below:

  • $1,000.00, the monthly maintenance fee is $7.00
  • $1,500.00, the monthly maintenance fee is $5.00
  • $2,000.00, the monthly maintenance fee is $3.00
  • No fee if above $2,000.00

Other Fees – A debit ledger entry fee of $.20 will be charged for each debit transaction in excess of 30 during a monthly statement cycle.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

Accrual of interest on non-cash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Money Market Checking Account

  • Available to Individuals, Nonprofit and Government Organizations, and Sole Proprietorships
  • Minimum balance to open the account: $3,000.00
  • Interest is compounded and credited to your account every month.

We use the daily balance computation method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. You must maintain the minimum $1,500.00 balance to earn interest and to obtain the disclosed annual percentage yield.

Maintenance Fees - A monthly fee of $7.00; no maintenance fee is charged if a $6,000.00 average collected balance is maintained or if a $3,000.00 minimum balance is maintained.

Debit and Credit Fees – A ledger entry fee of $.20 will be charged for each debit or credit.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

Accrual of interest on non-cash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Money Market Savings Account

  • Available to ALL Customers
  • Minimum balance to open the account: $3,000.00
  • Interest is compounded and credited to your account every month.

We use the daily balance computation method to calculate the interest in your account, which applies a daily periodic rate to the principal in the account each day. You must maintain the minimum $2,000.00 balance to earn interest and obtain the disclosed annual percentage yield.

Maintenance Fee – A monthly fee of $6.00; no maintenance fee is charged if a $6,000.00 average collected balance is maintained or if a $3,000.00 minimum balance is maintained.

Transaction Limitations – Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per monthly statement cycle.

Transaction Fee – Withdrawals exceeding the above listed limitations will be charged an excessive withdrawal fee of $3.50 per item after six withdrawals.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

Accrual of interest on non-cash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Savings Account

  • Minimum balance to open the account: $100.00
  • Interest is compounded and credited to your account every quarter.

We use the daily balance computation method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day.

Transaction Limitations – Withdrawals from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per calendar month or statement cycle.

Transaction Fees – An excessive withdrawal fee of $1.50 will be charged for each withdrawal in excess of six during a quarter.

Maintenance Fee –  A maintenance fee of $3.00 will be imposed each quarter if the average collected quarterly balance falls below $100.00.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Time Deposits

  • Minimum balance to open the account: $1,000.00

Oklahoma Bank and Trust Company offers a full line of certificates of deposits and IRA products.

Contact us for the most current yields on all our interest bearing acounts.

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