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Arvest Bank Review 2023

Updated January 1, 2023
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At a glance

3.5
Rating: 3.5 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 2.7 stars out of 5

Checking

Rating: 4.9 stars out of 5

Savings

Rating: 2.6 stars out of 5

MMA

Rating: 2.3 stars out of 5

About Bankrate Score

Overview

Arvest Bank is best for consumers in Arkansas, Kansas, Oklahoma and Missouri who like working with a smaller bank and having a local branch, but it doesn’t offer the best rates.

Highlights

  • Highly Rated App
  • Low Fees
Compare offers
Bank logo
Member FDIC
Savings Account
3.30
%
APY
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.30
%
APY
Rating: 4.7 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
4.00
%
APY
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

Arvest Bank is a regional bank based in Bentonville, Arkansas, that offers accounts to residents of Arkansas, Kansas, Oklahoma and Missouri.

Pros

  • Checkmark

    Reasonable minimum-deposit amounts mean most accounts are accessible to a broad range of consumers.

  • Checkmark

    The bank provides a mobile app that earns positive reviews by iOS and Android users.

  • Checkmark

    The bank’s overdraft fee is significantly lower than the average fee.

Cons

  • Higher APYs can be found elsewhere.

  • Customer phone support isn't available Sundays.

  • There is a fee to use an out-of-network ATM.

Arvest Bank bank products

2.6
Rating: 2.6 stars out of 5
Bankrate Score

Arvest Bank savings overview

The Arvest Bank Savings Account earns less than the national average yield for savings accounts. It requires $100 to open, and a $100 minimum daily balance or a $500 average daily balance to avoid the $2 monthly maintenance fee.

Higher yields and savings accounts that charge no fees can be found at other banks.

Pros

  • Checkmark

    The Arvest Bank Savings Account has a reasonable minimum deposit.

Cons

  • Higher yields can be found elsewhere — especially at online banks.

  • A $2 monthly fee applies unless monthly minimum balance requirements are met.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.30
%
APY
Rating: 4.9 stars out of 5
Info
$0
Min balance for APY
View offer Arrow Right

Bank experience

Arvest Bank is a Bentonville, Arkansas-based regional bank with more than 240 branches in Arkansas, Kansas, Oklahoma and Missouri. Accounts can be opened online but only by residents in the four states the bank serves.

The bank’s ATM network isn’t extensive, but its website and app offer surprisingly good technology for a smaller bank. Arvest customers have access to highly rated apps for both Android and iOS, the option to use multiple mobile wallets and some useful budgeting tools.

About Arvest Bank

Arvest Bank is a regional bank in Arkansas, Kansas, Oklahoma and Missouri that operates more than 240 branches. It provides money market accounts, savings accounts, certificates of deposit and checking accounts. Its mobile banking app earns high scores in Apple's App Store and the Google Play store.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.