The State Exchange Bank: Savings Account & Rates
Mission: Banksparency aims to make The State Exchange Bank's savings account transparent and comparable to the market.
Savings Overview
High-Yield Savings Account, powered by Raisin
| Min. Deposit | $1 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationLamont, Oklahoma
- Founded1901
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 13551)
Our Take on The State Exchange Bank
The Good
- Low opening deposit ($1)
- No monthly maintenance fees
- Highly rated mobile apps (iOS: 4.9, Android: 4.5)
Considerations
- No physical branch access (online only)
- Yield is below current market leaders
The State Exchange Bank offers a High-Yield Savings Account, powered by Raisin, with an attractive APY of 2.51%. This account features a low opening deposit requirement of just $1 and imposes no monthly maintenance fees. Additionally, it boasts highly rated mobile apps, with scores of 4.9 on iOS and 4.5 on Android. However, it is important to note that this account is available online only, with no physical branch access, and its yield is below that of current market leaders. There are no direct deposit requirements, and the account does not have promotional or tiered features.
Savings Account: In-Depth View
Savings Account Offered by The State Exchange Bank
| Feature | High-Yield Savings Account, powered by Raisin |
|---|---|
APY | 2.51%Verified: 1/7/2026 |
APY Trend | 30 days ↘︎ 0.99% 90 days ↘︎ 1.35% |
Min. Deposit | $1 |
Min. Balance | N/A |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | This account is powered by Raisin. |
| Next Steps | - |
Calculate Savings for The State Exchange Bank
Savings Breakdown
- Interest Earned+$965.40(6.5%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,965.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
The State Exchange Bank Savings Rates Over Time
Historical APY Insights
Last 10 Months| Metric | High-Yield Savings Account, powered by Raisin |
|---|---|
Latest APY | 2.51% |
Trend | Rising |
Slope (bps/mo) | 5.3 |
Rate Changes / Mo | 2.52 |
Days Since Last Change | 27 |
High (-10m) | 4.26% |
Low (-10m) | 1.02% |
Draw-down | -41.1% |
Volatility (CV) | 0.297 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 309-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with The State Exchange Bank
| Feature | Current View The State Exchange Bank | Empty Slot |
|---|---|---|
| Product | High-Yield Savings Account, powered by Raisin | - |
APY | 2.51%Verified: 1/7/2026 | - |
APY Trend | 30 days ↘︎ 0.99% 90 days ↘︎ 1.35% | - |
| Min. Deposit | $1 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | This account is powered by Raisin. | - |
| Next Steps | - | - |
Alternatives to The State Exchange Bank
Banks with Higher/Similar Savings APY
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