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Frontier State Bank Review

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Frontier State Bank Savings
0.75% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1975, Frontier State Bank has assets totaling $628 million and $406 million in deposits, making it a medium-size bank. Frontier State Bank, whose headquarters are in Oklahoma City, Oklahoma, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.4 stars out of 5, Frontier State Bank should be solidly in contention for your choice of bank. Frontier State Bank provides customers with a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Frontier State Bank offers an option without a monthly fee. Finding a bank with free checking as well as a high savings APY is the best bet for gaining the highest income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

5.0
SmartAsset Average: 3.5

With a savings rate of 0.75%, Frontier State Bank ranks poorly in comparison to other U.S. banks. Its CDs feature a rate of 2.63% and 2.99% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 1.51%. Given its poor savings rate, you should think about taking a look at other banks for savings accounts.

How Frontier State Bank's Savings Rates Compare

Frontier State Bank Savings 0.75 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Frontier State Bank typically has extremely low fees compared to other U.S. banks. Frontier State Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Additionally, it has an overdraft fee of $25.00, which is considerably less than that of other U.S. banks. Frontier State Bank does not refund out-of-network ATM fees, meaning you'll be required to find a Frontier State Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $25.00 National Average: $35.00
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Service Quality

4.4
SmartAsset Average: 3.7

Frontier State Bank is a brick-and-mortar bank, with one total branches in Oklahoma. With mobile and web apps, Frontier State Bank makes account access straightforward, even on the go. Frontier State Bank gets high praise from customers for its mobile platform. The Frontier State Bank mobile app is rated at 4.9 out of 5 (with 9 reviews on Apple and Android) compared to the national average of 3.8. You can access Frontier State Bank's mobile app to manage your finances by reviewing monthly statements, transferring funds and reaching support representatives. Frontier State Bank gets an outstanding consumer satisfaction rating due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

3.3
SmartAsset Average: 4.8

Frontier State Bank is a medium-size bank owning assets totaling $628 million and $406 million in deposits. Frontier State Bank's Texas Ratio is 34.69%, signifying that the bank is in decent financial condition. Additionally, Frontier State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

34.69%
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 State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.75% APY $100
Checking Account 0.75% APY $400
Certificates of Deposit
  • 12 Month: 2.63% APY
  • 24 Month: 2.84% APY
  • 36 Month: 2.89% APY
  • 48 Month: 2.94% APY
  • 60 Month: 2.99% APY
$1000 for all terms
Money Market Accounts 1.51% APY 1.51% APY $10000 $15000

Frontier State Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Frontier State 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 State Bank's CD rates are fair in comparison to the national average.

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Find a Frontier State Bank Near Me

Frontier State Bank has one physical branches across the U.S.

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