Top Oklahoma Reward Checking Account at ONB Bank and Trust


ONB Bank and Trust in Oklahoma has a reward checking account that it calls MaxMoney Free+ Interest Checking. Hat tip to the reader who emailed me info on this account. The reader said he has the reward checking account at Coppermark Bank, and due to its rate being slashed, he was looking for other Oklahoma options. This one at ONB Bank and Trust is a good option for all of those Coppermark Bank reward checking customers. The rates and features of the ONB Bank and Trust MaxMoney Free+ Interest Checking account are listed below. The features are based on the bank’s checking page. However, the bank doesn’t list rates on its website. The following rates are based on my 4/1/2013 phone call to the bank:

If monthly requirements are met:

  • 3.00% APY on balances up to $25,000
  • 0.10% APY on portion of balance over $25,000
  • 0.10% APY on all balances if requirements are not met
  • Refunds on other bank ATM fees (receipts required)

Monthly requirements include:

  • 15 debit card purchases
  • At least 1 direct deposit (I was told the ACH deposit doesn’t have to be from an employer)
  • Receive eStatements

There’s an online application. However, I was told that a branch visit is required to receive a debit card.

ONB Bank and Trust branches are located in the Oklahoma cities of Tulsa, Sapulpa, Owasso, Edmond and Stillwater.

The bank has an overall health score at of 4 stars (out of 5) with a Texas ratio of 14.11% (above average) based on December 2012 data. Please refer to our financial overview of ONB Bank and Trust for more details. The bank has been a FDIC member since 2000 (FDIC Certificate # 35348).

How Does This Reward Checking Compares

This ONB rate is definitely a lot better than the new rate at Coppermark Bank (1.25% APY for balances up to $25K). This new Coppermark Bank rate was a huge disappointment for customers who had been enjoying 4% APY for years. The only Oklahoma bank that comes close to ONB is now Legacy Bank which has a reward checking account that pays 2.25% APY for balances up to $25K. That’s just a little better than the best nationally available reward checking account for a $25K balance cap. That’s at ABCO Federal Credit Union, and it pays 2.02% APY (just dropped from 2.12% on April 1st). These rates and caps are accurate as of 4/2/2013.

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation, please refer to the reward checking section of To learn more about reward checking, please refer to this reward checking overview.

$100 Checking Account Bonus at ONB Bank & Trust in Oklahoma

ONB Bank and Trust Company is offering a $100 bonus for opening its MyChoice Checking Account. Unlike the typical checking account bonus, this one should be easy to earn. The only potential gotcha that I see is that the MyChoice Checking isn't a free checking account.

Refer to the bank's promotion page for the full details. The promotion is scheduled to last until 10/31/2012.

According to the instructions, you can open the MyChoice Checking Account at a ONB Bank location or online using promotional code: Get$100. I don't see any requirement in...

Continue Reading