Available nationwide, Bank 7 is offering a generous 3.50% APY when you sign up and open a new Online Savings Account. Keep reading to learn everything you need to know about this account and rate.
Bank 7 Online Savings Review
Bank 7 is a full-service Oklahoma-based community bank chartered in 1901 and relocated to Oklahoma City in 2005. In an age of electronic banking transactions and faceless decision-makers, Bank 7 believes in customer satisfaction, community support, and knowing your banker. Additionally, they are focused on helping our customers grow and succeed.
I’ll review Bank 7 Online Savings below.
Bank 7 Online Savings Rate
To earn the stated APY rate, all you would have to do is provide the minimum opening deposit of $100. Once you have done so, you will be able to take advantage of the account features such as online banking and mobile check deposits!
- What you’ll get: 3.50% APY
- Eligible account: Online Savings
- Credit inquiry: Soft Pull or Hard Pull? Let us know
- Where it’s available: Nationwide (Bank Locator)
- Opening Deposit: $100 minimum
- Monthly fee: $15.00 minimum balance charge per month if daily balance falls below $100
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Bank 7 Rate
- Open a new Online Savings Account
- Provide a $100 deposit to open account
- Must have provided a minimum balance of $100 daily to avoid monthly fees
- Receive the stated APY rate once requirements are met
| Balance Requirement | APY Rate |
| $.01 – $999,999.99 | 3.50% APY |
Bank 7 Account Features
- $100 deposit to open account
- No minimum balance to obtain APY
- Competitive, tiered variable rate of interest compounded and paid monthly
- $15.00 minimum balance charge per month if daily balance falls below $100
- ATM card – Cash withdrawals only
- Online Banking
- Mobile Banking with Mobile Deposit
- Deposit images returned in eStatement (eStatements required for this account. Paper statements may be available for a $15.00 monthly fee)
Total of six online transfers (online, mobile, or by telephone), preauthorized or automatic withdrawals allowed per month- – $3 fee per withdrawal after six per month
- No charge for withdrawals made in person or at an ATM
- For Bank7 New Customers Only
Bank 7 Fees
You may incur these fees:
- $29 Overdraft item fee
- $29 Returned item fee
- $25 Stop payment per request
- $7 Deposited Checks Returned Unpaid
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Conclusion
At the end of the day, the current rate from Bank 7 is great for those who would like to take advantage of a generous rate while enjoying the best Bank 7 has to offer. Additionally, you will still be able to maintain all the great features and easy requirements that come with your new experience.
In addition to the rate from Bank 7, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Finally, let us know about your experience with this bank and comment below.
Check back often to see the latest info on Bank 7 Online Savings Account.
