Legacy Bank Rates & Review
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Updated: 2012-05-16 - .
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Legacy Bank Review
After more than 100 years in business, Legacy Bank's Oklahoma headquarters are still located on the original site where it opened its doors in 1902.
Headquartered in Hinton, Oklahoma, Legacy Bank was founded in 1902 by Harrison Miller from Kansas. In 1954 the bank was sold to Robert S. Carmack, whose family continues to own the bank today. The bank was named "Legacy" in 1993 to honor the commitment of the Carmack family to the bank and the surrounding community. Today the bank has 11 branches in Oklahoma.
Financial services
The Legacy Bank website organizes their products according to life stages with advice for the types of services and choice of a checking account or savings account that makes the most sense for various customers.
Customers can access information on financial education on the website and work with bank representatives for trust and financial planning services.
The bank offers credit cards, consumer loans and business banking services.
Both business and personal banking customers can sign up for online banking and bill paying and can request e-statements. Customers can also access their account information by phone.
Financial products
Customers of Legacy Bank can sign up for a high interest savings account or choose a certificate of deposit (CD) or money market account. The bank offers a traditional savings account and a Bear Club savings account for children.
Additional products include multiple checking account options, including the high yield Win/Win checking account which requires the use of a debit card and direct deposit to earn the highest rate.
Deposit insurance
Legacy Bank has been insured by the Federal Deposit Insurance Corporation since 1934. FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are insured by FDIC up to at least $250,000 per account holder.
Compare savings account interest rates from Legacy Bank and hundreds of other banks and credit unions at SavingsAccounts.com.
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