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Frontier Bank Review

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Frontier Bank Savings
1.00% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Frontier Bank first started operating in 1937 and has its headquarters in Omaha, Nebraska. It owns $787 million in assets and deposits totaling $613 million, ranking it as a medium-size bank. Frontier Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.4 stars out of 5, Frontier Bank is a solid contender in your bank search. Frontier Bank has a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Frontier Bank offers an option without a maintenance or monthly fee. Using an institution with free checking as well as a high savings APY is your best bet for returning the highest income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

Frontier Bank has a savings rate of 1.00%, which is fair in comparison to the average U.S. bank. Its CDs feature a rate of 2.35% and 3.03% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 1.15%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Frontier Bank's Savings Rates Compare

Frontier Bank Savings 1.00 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Frontier Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Frontier Bank is perfect for people who want a basic checking account. Frontier Bank unfortunately does not reimburse out-of-network ATM charges, meaning you'll need to search for a Frontier Bank ATM or pay the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Frontier Bank is a brick-and-mortar bank, with nine total bank locations in Nebraska. With mobile and web apps, Frontier Bank makes mobile banking straightforward, even on the go. Frontier Bank receives moderate feedback from customers for its mobile banking services. Out of 6 customer reviews on iOS and Android platforms, the Frontier Bank mobile app rates a 3.7 out of 5 (compared to the national average of 3.8). You can use Frontier Bank's app to manage your bank accounts by checking current statements, sending and receiving money as well as reaching support representatives. Frontier Bank receives a superb consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Frontier Bank is currently a medium-size bank and manages assets totaling $787 million as well as deposits totaling $613 million. Its Texas Ratio is 6.71%, indicating that Frontier Bank is in good financial well-being and far from failure. Additionally, Frontier Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Frontier Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.0% APY $100
Checking Account 0.25% APY $1000
Certificates of Deposit
  • 12 Month: 2.35% APY
  • 24 Month: 2.35% APY
  • 36 Month: 2.60% APY
  • 48 Month: 2.78% APY
  • 60 Month: 3.03% APY
$500 for all terms
Money Market Account 1.1% APY $10000

Frontier Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Frontier Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Frontier Bank's CD rates are fair compared to the average U.S. bank.

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Find a Frontier Bank Near Me

Frontier Bank has nine physical locations in the U.S.

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