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El Reno

Personal Savings


A savings program is an important part of any financial plan. BancFirst has the right savings, investment, or certificate of deposit account for you.

For more information about savings and investments, please contact your local BancFirst.

BancFirst Savings

Watch your money grow with this simple, basic savings account.

  • $100 minimum opening deposit
  • No monthly service charge for accounts maintaining a $100 minimum balance
  • Annual statement or combined with your monthly checking account statement
  • Interest is accrued monthly and credited to your account on the last business day of each month
  • $1.00 monthly service charge for balances below $100
  • A $1.50 per withdrawal fee will be assessed beginning with the third (3rd) withdrawal during a calendar month. Withdrawal fee applies only to teller withdrawals, paper drafts and ACH items (electronic drafts).

"Just For Kids" Savings Account

It’s never too early to start savings – especially with this low minimum balance account designed for young people under the age of 18.

  • $25 minimum opening deposit
  • No monthly service charge for accounts maintaining a $25 balance
  • Annual statement or combined with your monthly checking account statement
  • Interest is accrued monthly and credited to your account on the last business day of each month
  • $1.00 monthly service charge for balances below $25.
  • A $1.50 per withdrawal fee will be assessed beginning with the third (3rd) withdrawal during a calendar month. Withdrawal fee applies only to teller withdrawals, paper drafts and ACH items (electronic drafts).

Treasury Fund Account

A great account for those who can carry a higher balance. You get maximum interest, flexibility and security all in one.

  • $100 minimum opening deposit
  • $1000 minimum daily collected balance for interest to accrue
  • Interest rate is tiered at the levels of $1,000, $10,000, $25,000, $50,000 and $100,000
  • $10.00 per withdrawal fee is assessed beginning with the seventh withdrawal per statement cycle. Withdrawal fee applies only to checks, teller withdrawals, paper drafts and ACH items (electronic drafts).

Coverdell Educational Savings Account (ESA)

A Coverdell Educational Savings Account is an investment tool created to help parents pay for the future cost of a child’s elementary, secondary or post-secondary education.

  • Contributions can be made for students under the age of 18.
  • Withdrawals are both tax-free and penalty-free if funds are used for qualified education expenses, including tuition, fees, books, supplies and equipment.
  • A person may be limited in the amount of their contribution based upon set adjusted gross income levels.
  • Funds must be used by the designated beneficiary by the time the child reaches the age of 30, or transferred to another family member, otherwise earnings will be taxed and subject to an IRS penalty. (The age 30 restriction may be waived for individuals identified as having special needs.)

CERTIFICATE OF DEPOSIT ACCOUNTS

Want to earn a higher interest rate? You can when you make a commitment to leave the money in the account for a set period of time.

  • $1,000 minimum opening deposit
  • Automatic account renewal available
  • Choose your own terms, with maturities from 30 days to 60 months
  • Interest rate is guaranteed to the maturity of the CD
  • Interest may be reinvested, deposited to another account or paid by check
  • Step-Up Option allows you to change your interest rate to the rate currently being offered once during the account term. Step-Up
  • Option is available on Certificate of Deposit accounts with terms of one year or longer.
  • Penalty is assessed for early withdrawal

INDIVIDUAL RETIREMENT ACCOUNTS 

An IRA is still a great way to plan for retirement. With the recent changes to the tax laws, the amounts you are allowed to contribute each year are greater than ever. Due to the nature of IRAs we recommend you consult a tax professional for details concerning contributions, distributions, tax advantages and tax laws. Please refer to the Trust and Investment Management page for additional retirement options.

Traditional IRA

Individuals under age 70.5 who have earned income may contribute to a Traditional IRA. Contributions may be fully or partially tax deductible and you benefit from tax-deferred investment growth.

  • Fixed-rate or variable rate account options available
  • All interest earned is tax-deferred until withdrawal
  • Minimum distributions are required beginning at age 70.5
  • IRS penalty for early withdrawal unless 
    • Age 59.5 or older
    • Under age 59.5 and a qualified first-time home purchaser (up to $10,000)
    • To pay for higher education expenses
    • Due to death or disability
    • To pay deductible medical expenses
    • To purchase health insurance due to unemployment

Roth IRA

A retirement plan in which contributions are made after-tax in return for what may be a tax-free distribution at the time of withdrawal.

  • Fixed-rate or variable rate account options available
  • All interest earned is tax-deferred until withdrawal.
  • Contributions are allowed after age 70 if individual has earned income.
  • No minimum distribution required at age 70
  • IRS penalty imposed for early withdrawal unless
    • Age 59.5 or older
    • Under age 59.5 and a qualified first-time home purchaser (up to $10,000)
    • To pay for higher education expenses
    • Due to death or disability
    • To pay deductible medical expenses
    • To purchase health insurance due to unemployment

Please refer to the Trust and Investment Management for additional retirement options.