First Security Bank and Trust Company Review 2023

Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

First Security Bank and Trust Company: Overall Rating

First Security Bank and Trust Company Pros and Cons

First Security Bank and Trust Company Savings Account - Product Name Only Review 

You may like the First Security Bank and Trust Company Savings Account if you plan to keep $200 or more in your account — that way, you'll waive the First Security Bank and Trust Company Savings Account - Fees Display.

First Security also pays a low interest rate, though, and you can earn significantly more with a high-yield savings account.

Security First Credit Union Free Plus Checking Account - Product Name Only Review

The First Security Bank and Trust Company Free Checking Account has a First Security Bank and Trust Company Free Checking Account - Fees Display. But there's no free overdraft protection, so you'll pay $28 each time you overdraw.

First Security Bank and Trust Company CD - Product Name Only Review

First Security Bank and Trust Company pays solid interest rates on CDs. However, it only offers terms up to 30 months, while many banks offer terms as long as 60 months, or five years.

First Security Bank and Trust Company Money Market Account - Product Name Only Review 

You may prefer the First Security Bank and Trust Company Money Market Account to the bank's savings account. The rate is a little higher, and you can order paper checks or a debit card for easier access to your savings. But you'll still earn much higher rates with an online bank.

About First Security Bank and Trust Company

First Security Bank and Trust Company is a Black-owned bank with one branch in Oklahoma City, OK. There is one free ATM at the branch, and all ATMs at 7-Elevens are free.

To contact customer service, call Monday through Friday from 8 a.m. to 3 p.m. CT. Or call Saturday from 9 a.m. to 12 p.m. CT.

The bank's mobile app is rated 4 out of 5 stars in the Apple store and 4.4 out of 5 stars in the Google Play store.

Your deposits are FDIC-insured for up to $250,000, or up to $500,000 for joint accounts.

Is First Security Bank and Trust Company Trustworthy?

First Security Bank and Trust Company does not have any recent public controversies.

Usually, we include Better Business Bureau grades when evaluating a bank's trustworthiness. However, the BBB hasn't graded First Security Bank and Trust, yet. You may want to read online customer reviews or ask friends and family about their experiences with the bank.

The Role of Black-led Financial Institutions

Black-led financial institutions serve an integral role in providing services and products to Black Americans and underserved communities. During the COVID-19 pandemic, First Security Bank and Trust Company provided Payment Protection Program loans to small businesses in Oklahoma City.

If you'd like to learn more about the history and impact, read through our Black-owned banks and credit unions guide.

First Security Bank and Trust Company FAQS

What is First Security Bank and Trust Company?

First Security Bank and Trust Company is a Black-owned bank in Oklahoma. It's designated as a minority depository institution by the FDIC.

Where is First Security Bank and Trust Company?

First Security Bank and Trust Company has one branch in Oklahoma City, Oklahoma.

Is First Security Bank and Trust Company safe? 

First Security Bank and Trust Company is federally insured by the FDIC. This means if the bank fails, the FDIC protects consumers from losing their insured deposits. Up to $250,000 per depositor is safe in a First Security Bank and Trust Company bank account.

Methodology: How We Reviewed First Security Bank and Trust Company

For our First Security Bank and Trust Company review, we rated bank products and services using our bank account methodology.

At Personal Finance Insider, we rate bank accounts on a scale from zero to five stars. We review different features for distinct types of bank accounts. For example, we'll look at early withdrawal penalties and CD variety specifically for CDs. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options. We'll also usually examine minimum opening deposits, monthly service fees, customer support availability, and mobile app ratings for all types of bank accounts.

How First Security Bank and Trust Company Compares

First Security Bank and Trust Company is the only Black-owned bank in Oklahoma. But we've compared it to two Black-owned banks you can access online: OneUnited Bank and Liberty Bank and Trust.

First Security Bank and Trust Company vs. OneUnited Bank

OneUnited Bank doesn't have any branches in Oklahoma City, but you can bank online from around the US. You may like OneUnited if you're comfortable banking digitally, but if you want to bank in person, First Security Bank and Trust is the clear choice between the two.

With OneUnited, you may be able to receive paychecks and other direct deposits up to two days early. This makes the bank a strong contender if you need access to money faster.

First Security Bank and Trust Company vs. Liberty Bank and Trust

Liberty Bank and Trust is only accessible online if you live in Oklahoma (although it does have branches in other states). So if you want to bank with a brick-and-mortar institution, you'll prefer First Security.

Liberty pays higher rates on savings than First Security, so if you qualify to waive its monthly fees, it could help you earn more money.