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Frost Bank Review

Updated April 25, 2025
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At a glance

Overview

Frost Bank is best suited for customers living in Texas or for savers looking to open a competitive certificate of deposit. Though accounts are accessible to anyone online, customers living outside of the Lone Star State will find their money is harder to access, given that Frost’s branches can only be found in Texas and the bank has a small ATM network mostly limited within the state.

Highlights:

Top CD Rates 24/7 Customer Service Highly Rated App
4.1
Rating: 4.1 stars out of 5
Bankrate Score
Info Icon

CDs

Rating: 3.7 stars out of 5
3.7 /5

Checking

Rating: 4.2 stars out of 5
4.2 /5

Savings

Rating: 3.4 stars out of 5
3.4 /5

MMA

Rating: 3.6 stars out of 5
3.6 /5
Sponsored offers
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info Icon
As of 7/20/2025
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money
Bank logo
Member FDIC
Savings Account
3.65
%
APY
APY
Info Icon
As of 7/20/2025
Rating: 4.2 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: Backed by the financial expertise of Goldman Sachs.
Bank logo
Member FDIC
Savings Account
4.00
%
APY
APY
Info Icon
As of 7/20/2025
Rating: 4.6 stars out of 5
$5,000
Min. balance for APY
View offer Arrow Right Icon
Promoted offer:

Overall

Frost Bank is a Texas-based institution offering a wide array of financial products and services for consumers and businesses alike. Along with a large range of deposit products, Frost offers investment services, too, making it a great bank to bring all of your financial needs under one roof. Frost offers highly competitive yields on multiple deposit accounts, including certificates of deposit and money market accounts.

However, since Frost is a highly regional bank, you may find it difficult to access your money outside of Texas without incurring fees.

Pros

  • Checkmark Icon

    The APY offered for multiple accounts, including CDs and the MMA, are highly competitive.

  • Checkmark Icon

    You can open most accounts with a small amount of money.

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    Customer service is available 24/7.

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    Frost Bank’s mobile app is highly rated, and it includes features such as Zelle and Bill Pay.

Cons

  • There are many fees to watch out for.

  • The ATM network is on the small side.

  • Look out for costly overdraft fees.

Frost Bank banking products

Frost Bank savings overview

3.4
/5
Rating: 3.4 stars out of 5

Pros

  • Checkmark Icon

    There’s a low opening deposit requirement.

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    The monthly service fee is easy to waive.

Cons

  • Free withdrawals are limited to just two per month.

  • Higher yields can be found elsewhere.

Rate history for Frost Bank's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Frost Bank
APY
APY
Info Icon
National average APY
How do we get this data?
Info Icon

Frost Bank CD overview

3.7
/5
Rating: 3.7 stars out of 5

Pros

  • Checkmark Icon

    Frost Bank offers highly competitive APYs.

  • Checkmark Icon

    Withdrawal penalties are reasonable.

Cons

  • Interest is paid at maturity, meaning you can’t withdraw accrued interest until your term is completed.

  • You won’t find CDs with terms longer than two years for any tier.

Rate history for Frost Bank's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Frost Bank
APY
APY
Info Icon
National average APY
Caret Down Icon
How do we get this data?
Info Icon

Frost Bank money market overview

3.6
/5
Rating: 3.6 stars out of 5

Pros

  • Checkmark Icon

    The account offers a highly competitive APY.

  • Checkmark Icon

    It takes just $50 to open the account.

  • Checkmark Icon

    The MMA offers tiered APYs.

Cons

  • There’s a $15 monthly maintenance fee, which isn’t easy to waive.

  • Withdrawals are limited to six per statement cycle.

Frost Bank checking overview

4.2
/5
Rating: 4.2 stars out of 5

Pros

  • Checkmark Icon

    The account earns interest if you maintain at least a $5,000 daily balance.

  • Checkmark Icon

    Customer support is available 24/7.

  • Checkmark Icon

    Person-to-person transactions can be made through Zelle.

Cons

  • There are a lot of fees to watch out for, including an $8 monthly service fee and a $2 fee for using out-of-network ATMs.

  • The ATM network is small.

  • Frost’s overdraft fee is higher than the national average.

Bank fees

Fee Charged?
Overdraft fee $35
Non-sufficient funds fee None
Monthly maintenance fees $3.50 - $15
Out-of-network ATM fee $2
Excessive transaction fee $3 - $5

Customer experience

Customer service. Customers can reach Frost Bank representatives on the phone, through email or live chat 24/7.

Digital experience. Frost offers a mobile app for users on the Apple App Store and Google Play Store, both of which are highly rated. The apps offer the best of mobile banking, including reaching customer support 24/7, making peer-to-peer transactions through Zelle, depositing checks, making payments through Bill Pay or opening another Frost account.

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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.