Average User Rating:2 star rating based on 4 reviews.
The Bank of Fayetteville
The Bank of Fayetteville Locations| One South Block Avenue Fayetteville, AR 72701 479-444-4444 www.bof.com  |
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The Bank of Fayetteville is headquartered in Fayetteville and is the 27th largest bank in the state of Arkansas. It is also the 1,678th largest bank in the nation. It was established in 1987 and as of March of 2012, it had grown to 110 employees at 8 locations. The Bank of Fayetteville has a 3-star health rating.
Related Posts
Bank Of Fayetteville Rate Cap Drop To 15K Fr 25K (Forum) - 2/9/2012
BOF (Billie Pelton, EVO COO) announced dropping their Smart Checking (RCA) rate cap to 15k effective 3/15/12 due to "effects we are experiencing from additional regulatory burden." No change in rate (2.03%) or min. requirements (10 debit, 1 ach, e-state
Bank of Fayetteville RCA Cap From 50K To 25K - Eff 2/9/11 (Forum) - 1/6/2011
Very impressed they gave over a full month's notice and by regular mail. Their personnel have been very nice, so that's reassuringly consistent with their customer service. (fyi: Current qualifying period ends 1/10/11, the next full one ends 2/7/11, so
Updates to the List of Nationally Available Reward Checking Accounts - 1/6/2011
The list of nationally available reward checking accounts has shrunk again. Liberty Bank 's reward checking is still offering 3.01% APY on balances up to $25K (as of 1/6/11). It was one the very few n ...
The Bank Of Fayetteville Cuts Its Reward Checking Account Yield To 2.25% (Forum) - 12/7/2010
The Bank of Fayetteville reduced the yield on its Smart Checking Account from 2.75% APY to 2.25% APY for balances up to $50K. At least the balance cap remains at $50K. This is one of the few banks offering a nationwide reward checking account with a balan
2010
- 11/29 - Best Reward Checking Accounts for Large Balance Caps
- 11/2 - 5 Best Reward Checking Accounts Available Nationwide - Updated for November
- 9/8 - Newly Updated List of the 5 Best Reward Checking Accounts Available Nationwide
- 5/13 - The Bank of Fayetteville Cuts Its Reward Checking Account Rate (Forum)
- 5/13 - Rate Dropped To 2 (Forum)
2009
2008
See Rates for: Checking | Savings | Money Market | CD | IRA
The Bank of Fayetteville Checking Account Rates
The Bank of Fayetteville Savings Account Rates
The Bank of Fayetteville Money Market Rates
The Bank of Fayetteville CD Rates
The Bank of Fayetteville IRA Rates
Rates updated: 5/27/2012
Data for Q1 2012
Institution Statistics
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Institution Health
Overall Score:
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Rate Dropped
- Anonymous - Friday, May 21, 2010 - 1:33 AMRate dropped .35% during the 2 1/2 weeks it took me to find out my appication didn't go through because of a supposed SOS typo. Perhaps there was a typo, but shouldn't take almost 3 weeks and 4 calls to learn status of application. With the rate drop, I'll take my business elsewhere.
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Great Service
- woodsrick - Wednesday, January 18, 2012 - 8:29 AMBOF has handled my banking for years. Great service. Ease of opening an account has been a great experience over the years.
Rick Woods, Attorney
Fayetteville
1
Worse Operations And By Far Worse Customer Service
- remmade - Monday, March 14, 2011 - 11:44 PMIt took several weeks to set up account which everyone already spoke about. I was not notified when rates dropped by nearly 1%. Then I moved and called in to change my address. Several weeks later I needed to get $300 out of ATM and was denied (This account had roughly $50k at the time of denial). Well I called the bank and was told if I dont send a written notice, I can't get money out of the ATM. I was stranded at DMV and tried to explain but it fell on deaf ears. Instantly I told the CSSR that I need the account closed and she passed me over to another person who basically calls my bluff and says she can't close it without a written letter. She did not even try to understand the issue at hand. Anyhow, the following day, I transfered all the money into my Fidelity online brokerage account proving that I can get my money out and when the bank gets tired of the account being dormant it will close it down.
I'm a finance analyst with one of the biggest 4 banks in the country and know that core deposits are the most important source of lending $ in any bank. Contrary to popular beliefs the bank wants the small peoples money since a) the high volume usually outweighs the rich peoples CD's or high balance b) Core deposits presents low risk compared to high deposits.
I dont mean to lecture but the point is that the bank has idiots running its operations expecially the customer service reps. They probaly think what harm can 50K do but multiply that by thousands and you get the idea. Deposits fund loans, loan fund interest income finito.
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Featured Accounts
Nationwide Savings Accounts
It Took Several Weeks (4
It took several weeks (4?) and many phone calls (6?) to determine all the ins-and-outs of getting an account opened, getting set up for online banking and estatements, getting PINS for the cards, etc.
My paperwork was misplaced by the bank at one point, and several times my phone calls were not returned within a few biz days. The staff was friendly but the operation seems very inefficient. I just logged in (online) and find nothing on the login screens about the rates having dropped from 3.2% (what it was when I opened the accounts in Feb-April) to 2.75% on 5/13/2010. The login screens need to share this information upfront.