Last Updated: 12/17/2025
State Exchange Bank High-Yield Savings Account
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in Savings Accounts from State Exchange Bank
Last Updated: 12/17/2025
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Highlights
APY (Annual Percentage Yield)
2.51%(Verified 12/12/2025)
Minimum Opening Deposit
$1
Minimum Balance to Earn APY
N/A
State Exchange Bank High-Yield Savings Account Review
State Exchange Bank High-Yield Savings Account is offered by State Exchange Bank, a bank founded in 1901 and based in Lamont, OK. State Exchange Bank Savings Account are available in 1 state.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.51%, which is much higher than the average interest rate for a savings account.
- Small minimum initial deposit. You only need $1 to open an account.
State Exchange Bank Savings Account Pros & Cons
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State Exchange Bank Savings Account FAQ
Are savings accounts from State Exchange Bank federally insured?
Yes, your State Exchange Bank savings 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.
Does State Exchange Bank offer a signup bonus?
State Exchange Bank Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for State Exchange Bank Savings Account?
The minimum deposit to open a State Exchange Bank Savings Account is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does State Exchange Bank High-Yield Savings Account offer?
State Exchange Bank Savings Account offers an APY of 2.51% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does State Exchange Bank Savings Account charge?
What features and perks does State Exchange Bank Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - State Exchange Bank Savings Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to State Exchange Bank Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for State Exchange Bank Savings Account?
The customer support email for State Exchange Bank Savings Account is info@stateexchangebank.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 3:00PM
Tuesday
9:00AM - 3:00PM
Wednesday
9:00AM - 3:00PM
Thursday
9:00AM - 3:00PM
Friday
9:00AM - 3:00PM
Saturday
Closed