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Bank of Grand Lake Review Overall Rating
| Feature | Insider rating (out of 5) |
| Checking | 3.5 |
| Savings | 3.5 |
| CD | 3.75 |
| Money market account | 3.25 |
| Trustworthiness | 4 |
| Total | 3.5 |
Bank of Grand Lake Pros and Cons
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About Bank of Grand Lake
Bank of Grand Lake is a Hispanic American-owned bank with two branches in Grove and Langley, Oklahoma. The bank has free ATMs at bank locations is also part of the TransFund ATM network around the US.
Customer support is available at bank locations or over the phone Monday to Friday from 8 a.m. to 5 p.m. CT and Saturday from 9 a.m. to 12 p.m.
Ratings from Bank of Grand Lake's mobile app are mainly positive; it has 4.4 out of 5 stars on the Google Play Store and 4.9 out of 5 stars on the Apple store.
The bank is also FDIC-insured, so one account is protected up to $250,000.
The Role of Hispanic American-led Financial Institutions
Hispanic American-owned financial institutions are integral to providing products and services to underserved communities. These institutions also help address banking gaps among Hispanic American communities.
Is Bank of Grand Lake Trustworthy?
We typically use ratings from the Better Business Bureau to provide insight into how a bank resolves customer issues. However, the Bank of Grand Lake hasn't been rated yet by the BBB.
BBB ratings aren't the only factors that you should consider when deciding if a bank is trustworthy. If you want to see if a bank may be a good fit, get feedback from friends or family who have been customers. You can also read online customer reviews.
Bank of Grand Lake hasn't been involved in any recent public scandals.
Bank of Grand Lake Account Reviews
Bank of Grand Lake Regular Savings Account
The
While the
Bank of Grand Lake Free Checking Account
The
Bank of Grand Lake CD
You'll also want to look at other banks for CDs that are five years or longer. Bank of Grand Lake only has CD terms from 30 days to four years.
Bank of Grand Lake Presidential Money Market Account
If you're looking for a money market account with easy access to your money, the
The account is best if you can maintain a high balance in your account – that way, you can earn the highest APY. If you'd prefer to look at options with lower balances or a higher APY, our guide on the best money market accounts may offer better choices.
How Bank of Grand Lake Compares
Bank of Grand Lake vs. Arvest Bank
Arvest Bank is a regional financial institution with branches in Oklahoma. If you're looking for a bank with a nearby branch, Arvest Bank may be a more convenient option since it has more branches than Bank of Grand Lake.
If your priority is to open a money market account, it could be a toss-up between the two banks. Arvest Bank pays higher money market account rates overall. That said, Bank of Grand Lake doesn't charge monthly service fees on its account while Arvest Bank has certain requirements to waive the monthly service fee on its money market account.
Bank of Grand Lake vs. International Bank of Commerce
International Bank of Commerce is a Hispanic American-led financial institution with branches in Oklahoma and Texas. You may prefer the International Bank of Commerce over the Bank of Grand Lake if you prioritize a bank with a larger branch and ATM presence.
If you'd like to open a CD or money market account, Bank of Grand Lake might be worth considering, though. Bank of Grand Lake has some competitive CD rates and a money market account with zero monthly service fees. International Bank of Commerce also has a money market account with a
International Bank of Commerce Review
Why You Should Trust Us: How We Reviewed Bank of Grand Lake
At Personal Finance Insider, we rate savings, checking, CD, and money market accounts using our banking methodology and CD methodology.
Each account receives a rating between 0 and 5. We evaluate a bank's ethics, customer service, and mobile app for all accounts. We also consider different features for specific types of bank accounts. For example, we look at overdraft fees for checking accounts and early withdrawal penalties for CDs.