Vast Bank (OK) Debuts Competitive No Penalty CD Specials


Deal Summary: No-Penalty CD Specials – 13-month (3.75% APY), 7-month (3.50% APY), and 25-month (3.25% APY), $2.5k minimum deposit, multiple partial withdrawals allowed.

Availability: Oklahoma, primarily the greater Tulsa metro area.

Vast Bank has added a trio of No Penalty CD Specials to its product line: 13-month (3.75% APY), 7-month (3.50% APY), and 25-month (3.25% APY). The minimum opening deposit for these limited-time NP CD Specials is $2.5k, with no stated balance cap.

4.25%$2.5k-Vast Bank13 Month No Penalty CD Special
4.00%$2.5k-Vast Bank7 Month No Penalty CD Special
3.75%$2.5k-Vast Bank25 Month No Penalty CD Special
Rates as of December 11, 2023.

The fine print of the landing page reads, “A penalty may be imposed for early withdrawal,” which I thought was a bit odd for an NP CD. CSR explained that you can make as many withdrawals as you like, but after each withdrawal there is a re-set of the “no withdrawals in the first six days” restriction. Should you make a withdrawal 1, 2, 3, 4, or 5 days after a previous withdrawal, there will be a 7-day early withdrawal penalty on the amount being withdrawn.

CSR also provided the following information:

  • Funding – ACH, wire, check, or internal transfer
  • Maturing Funds – distributed by check or internal transfer
  • Beneficiaries – up to four, DOB or Social Security number required
  • Earned Interest – withdrawn anytime
  • Credit Check – Chex Systems, soft pull


Headquartered in Tulsa, Oklahoma, Vast Bank offers its product line to all Oklahoma residents, 18 years or older, with a valid Social Security number, but an in-branch visit is required for first time applicants.

Although there is an “Open An Account” button on the Personal Savings page, it leads to what essentially is a “Contact Me” form that collects basic personal information. There is also a "CD Interest Form" on the No Penalty CD landing page, which asks for the same personal information.

A Vast team member will reach out to you directly to complete the application. Please note this is not a complete application and by filling it out you have not yet officially applied for an account.

The form begins the application process but according to CSR, signatures are required and must be provided in person.

Opening any of the No Penalty CD Specials can be done in-person at any of eight full-service Oklahoma branches located in Catoosa, Collinsville, Oologah, Owasso, and Tulsa (4).

Bank Overview

Vast Bank has an overall health grade of "A" at DepositAccounts, with a Texas Ratio of 1.72% (excellent) based on June 30, 2022 data. In the past year, Vast Bank has increased its total non-brokered deposits by $41.26 million, an excellent annual growth rate of 6.57%. Please refer to our financial overview of Vast Bank (FDIC Certificate # 23737) for more details.

In 1982, Tulsa businessman and lawyer, Robert Biolchini, purchased two Green County banks, Valley National Bank and Bank of the Lakes. Operating as Valley National Bank for 37 years, the Vast Bank rebrand occurred in 2019. Wholly owned by the Biolchini family, Vast Bank is currently the 23rd largest bank headquartered in Oklahoma and is one of the few remaining independent banks in northeastern Oklahoma.

Vast Bank was featured in the national news last year. According to a September 2021 article in Bitcoin Magazine,

Vast Bank has become the first U.S. bank with FDIC insurance and a Federal Reserve charter to offer Bitcoin services.

Customers at Vast Bank can now buy and sell Bitcoin directly from an FDIC-insured checking account, while its Bitcoin custody solutions include a mobile trading platform with instant settlement to its accounts.

How the 13-Month No Penalty CD Special Compares

As I’ve stated before in previous no-penalty CD blog posts, no-penalty CDs are somewhat rare and the longer the term, the more competitive the CD. When compared to the no-penalty CDs tracked by that available in the market area, Vast Bank’s 13-month No Penalty CD Special APY currently ranks first.

The above information and rates are accurate as of 10/11/2022.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Tulsa CD rates, 1-year CD rates, 5-year CD rates

  |     |   Comment #1
Vast bank is now offering their cd rates to customers outside of Oklahoma and will not wire funds at maturity to an existing account but will mail a bank check instead.
Not sure why outgoing wires are not available but a CSR indicates it has to do with identifying the customer. Obviously the address on your identification you sent them supplies a physical address not sure how to you can legally prove you are the account owner of an external account.
  |     |   Comment #2
Thanks so much I really appreciate

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