Commercial Bank & Trust Company Head Office, Monticello AR 71655
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A Comprehensive Guide to Choosing the Best Banks in Arkansas: Unveiling the Best Bank Rates

Introduction:

Selecting the right bank in Arkansas is crucial for effective financial management. Whether you prioritize excellent customer service, convenient branch locations, or competitive interest rates, finding the best bank is essential. In this blog post, we will explore the factors to consider when choosing an Arkansas bank and highlight some of the top banks in the state along with their best bank rates.

Factors to Consider When Choosing an Arkansas Bank:
Reputation and Stability:

Choose a bank with a strong reputation and a history of financial stability. Look for banks that have a solid presence in Arkansas and check their financial ratings from reputable sources such as Moody's or Standard & Poor's.

How do I find a small local bank?
Account Options and Services:

Evaluate your banking needs and determine which account types and services are important to you. Consider factors such as checking and savings accounts, certificates of deposit (CDs), loans, credit cards, online and mobile banking capabilities, and customer support.

Accessibility and Convenience:

Assess the bank's branch and ATM network to ensure they have convenient locations and services for your everyday banking needs. Consider factors such as branch proximity, operating hours, online and mobile banking features, and the availability of fee-free ATMs.

Fee Structure:

Pay attention to the fees associated with various banking services. Compare account maintenance fees, ATM fees, overdraft fees, and transaction fees. Look for banks that offer transparent fee structures or accounts with minimal fees.

Interest Rates and Annual Percentage Yields (APY):

Compare the interest rates and APYs offered by different banks for various account types to maximize your savings. Look for competitive rates on savings accounts, CDs, and money market accounts. Higher rates can help your money grow faster over time.

Top Banks in Arkansas and their Best Bank Rates:
Arvest Bank:

Arvest Bank is one of the largest banks in Arkansas, offering a comprehensive range of banking services. They provide competitive interest rates on savings accounts and CDs, with options that cater to various financial goals. Arvest Bank also offers convenient online and mobile banking services.

Simmons Bank:

Simmons Bank is a prominent bank in Arkansas, known for its personalized customer service. They offer competitive interest rates on savings accounts and CDs, allowing you to earn returns on your deposits. Simmons Bank also provides user-friendly online and mobile banking platforms.

First Security Bank:

First Security Bank operates extensively in Arkansas and offers a variety of banking products and services. They provide competitive interest rates on savings accounts and CDs, with options for different terms and balance requirements. First Security Bank also offers convenient online and mobile banking features.

First Security Bank:

First Security Bank operates extensively in Arkansas and offers a variety of banking products and services. They provide competitive interest rates on savings accounts and CDs, with options for different terms and balance requirements. First Security Bank also offers convenient online and mobile banking features.

Bank OZK:

Bank OZK is a regional bank headquartered in Arkansas and serves customers across the state. They offer competitive interest rates on savings accounts and CDs, tailored to meet individual needs. Bank OZK also provides robust online and mobile banking capabilities.

Conclusion:

Choosing the best bank in Arkansas requires careful consideration of factors such as reputation, account options, accessibility, fees, and interest rates. By evaluating your financial needs and comparing the offerings of different banks, you can find the one that aligns with your requirements. Arvest Bank, Simmons Bank, First Security Bank, and Bank OZK are among the top banks in Arkansas, offering competitive rates and comprehensive banking services. Remember to review the latest rates and terms directly with the banks to make informed decisions and secure the best bank rates in Arkansas.

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Commercial Bank & Trust Company Head Office
Branch Address: 212 W Gaines St, Monticello, AR 71655


Commercial Bank & Trust Company (FIDC #70) is one of domestic offices of Commercial Bank & Trust Company in Monticello. It was established in 1913-01-01, serving as a Full Service Brick and Mortar Office, locates at 212 W Gaines St, Monticello, AR 71655.

Bank charter class: commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB).

Commercial Bank & Trust Company in Monticello, Arkansas

Metropolitan Statistical Area (MSA): N/A

Consolidated Metropolitan Statistical Area (CMSA): N/A

Combined Statistical Area (CSA): N/A

Core Based Statistical Area (CBSA): N/A

Core Based Statistical Division (CBSA_DIV): N/A

Commercial Bank & Trust Company AR 71655

Branch Name: Commercial Bank & Trust Company

Address: 212 W Gaines St

City: Monticello

State: Arkansas AR

Zip code: 71655

County: Drew

FDIC UNINUM: #70.

Data by FIDC (The Federal Deposit Insurance Corporation), last update 2023-11-24


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Daily Best Banks' CD Rates

Program
Rate
Bank
1 Yr
5.55%
Salem Five Direct: 5.55% APY, $10,000 minimum deposit
1 Yr
5.51%
CIBC Bank USA: 5.51% APY, $1,000 minimum deposit
1 Yr
5.37%
Popular Direct: 5.37% APY, $10,000 minimum deposit
1 Yr
5.35%
BrioDirect: 5.35% APY, $500 minimum deposit
1 Yr
5.35%
First Internet Bank of Indiana: 5.35% APY, $1,000 minimum deposit
1 Yr
5.35%
Bread Savings: 5.35% APY, $1,500 minimum deposit
1 Yr
5.30%
Quontic Bank: 5.30% APY, $500 minimum deposit
1 Yr
5.27%
TAB Bank: 5.27% APY, $1,000 minimum deposit
1 Yr
5.25%
Sallie Mae Bank: 5.25% APY, $2,500 minimum deposit

*CD Rates are subject to change without notice and may vary from bank to bank and branch to branch. Please contact your local bank for updated bank CD rates.