Ouachita Independent Bank Money Market Account is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.
Last Updated: 04/18/2025
Not Currently Available
Ouachita Independent Bank Money Market Account
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Money Market Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
1% - 5%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Balance to Earn APY
$1,000
Minimum Opening Deposit
Starting at $1,000
Ouachita Independent Bank Money Market Account Review
Ouachita Independent Bank Money Market Account is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
Ouachita Independent Bank Money Market Account is offered by Ouachita Independent Bank, a bank founded in 1997 and based in Monroe, LA. Ouachita Independent Bank Money Market Account are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1000.
- Charges a monthly fee. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$5,000.
- $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Ouachita Independent Bank Money Market Account
| Pros | Cons |
|
|
Ouachita Independent Bank Money Market Account FAQ
Are money market accounts from Ouachita Independent Bank federally insured?
Yes, your Ouachita Independent Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the interest rates for Ouachita Independent Bank Money Market Account rates?
Ouachita Independent Bank Money Market Account offers an APY starting at 1% and ranging up to 5% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 1% - 5% |
What are the fees for Ouachita Independent Bank Money Market Account?
This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $5,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Ouachita Independent Bank Money Market Account?
Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.
Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.
What features and perks does Ouachita Independent Bank Money Market Account offer?
This account includes the following features:
- Check Writing - Ouachita Independent Bank Money Market Account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
- Mobile Banking Services - Ouachita Independent Bank Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (318) 338-3000.
What is the support contact email?
The support contact email for this business credit card is ambroses@oibank.com.
How to open an account with Ouachita Independent Bank
- Visit the Ouachita Independent Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.