Arvest Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.00% | 1-year CD | 1 Year CD |
| 0.30% | Savings | Savings Account |
| 1.26% | 2-year CD | 2 Year CD |
Arvest Bank is headquartered in Fayetteville and is the 2nd largest bank in the state of Arkansas. It is also the 93rd largest bank in the nation. It was established in 1871 and as of March of 2018, it had grown to 5,712 employees at 265 locations. Arvest Bank's money market rates are 48% higher than the national average, and it has an A health rating.
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Small Town Shawnee Bank
I started with Arvest when it was really small. My grandmother married for the 2nd time to the president of American National Bank in Shawnee, OK. This bank later became Arvest. I probably started with them in '96. I had mortgages on 3 homes over time. Checking, savings, debit and managing my Aunt's Living Trust account, so I ran the full gamut with them, except investments. I was not a big money person at all; very middle class BUT the people there knew my name and who I was there to see, offered coffee, popcorn, short wait times, excellent customer service, personalized service. Over time the bank grew from the one downtown location to 3 locations. By the time I left Shawnee, I had personal contacts in all 3 locations. Then I move to Menifee, CA. WOW!! What a change. No one knows my name after 2 1/2 years, longer waits, impersonal but good service. It's a whole different world. I miss the small town mentality. The friendliness. I worked high end retail for my last 8 years in OK, and so many of the bank employees started to come in just because I mentioned it. Some became friends. (I even remember way back when, the American National Bank had a cafeteria upstairs, for their employees and my grandmother and I would go down to have lunch with her hubby, the Prez.)
My Arvest Banking Experience
I have been a customer of Arvest for nearly my entire. Their service is fast, easy, and reliable. They allow checks to be deposited with camera phones and their cards are accepted at every store across the country which is always a plus. They have one of the best fraud departments, in my personal experience that is. Anytime a charge is made without the customer's approval, a representative freezes the account and calls the customer to make sure they are the authorized user. This is a common feature but they are great at customer service. Best of all, these services are entirely free. It costs nothing to open an account or to make a transaction for personal accounts. If you open a business account there is a fee of $100 which is reasonable. All in all a good experience.
Arvest Bank Review
I opened an Arvest Bank account in 2008 and have been with them ever since. They offer a free checking and savings account and have overdraft protection with a small fee in case you overdraft on your account. You have the option of receiving your monthly statement either by mail or paperless and you can get a printed copy of your statement in the branch if needed. They have great customer service when you call or come in the store and they are quick to resolve any issues you may have. There is never a long wait and people are always there to answer your questions in a timely manner. One of my favorite things about my local branch is that they have a popcorn machine and you can get free popcorn whenever you come into the branch. There is plenty of parking and have very convenient hours.
Arvest Oklahoma Service
I was an Arvest customer almost since they first arrived in Oklahoma. First rate service and very professional. Sorry I had to leave them but sadly, Arvest in not located near my new home...
Arvest - Back When I Started With Them
When I started with Arvest in Shawnee, OK, it was probably 1998 or so. They were very local (AR and OK only). They were right downtown. The reason I went to them in the first place with my banking is that they used to be called American National Bank (even more local). My grandmother had remarried to Mr. H.T. Riddle when I was in college (she was 68 and he was 83). He was, at that time, President of American National. They had a full cafeteria! Of course, they eventually became Arvest and they were still the stereotypical small town bank. I had checking only with them when I started. BUT, when I walked in someone would greet me by first name and ask if I wanted coffee, etc. Originally coming from CA, it was a novelty! They had the ubiquitous popcorn machine, coffee, water, etc. There was always someone there able to answer my questions. If I had to wait it was 10 minutes at most. Eventually I had checking, savings and a mortgage through Arvest. I still have 2 checking accounts, even after moving back to CA; my checking and one for the Rev. Living Trust for my recently deceased Aunt, Jo Garrett. I moved back to CA 2 year ago and they no longer write mortgages in CA or I would still have my mortgage with them. They were a great experience. Currently, I am with Chase. NOT a small-town bank. Nobody knows my name. I have no complaints about them but they are not Arvest. Thank you.
Arvest Bank
This bank is probably the best one I have ever gone through. There were no fees to sign up and they had a free monthly one if we direct deposited our paychecks so we went that route. The lady we were speaking with was telling us how we could have overdraft set up and when I told her that I did not even want the possibility of an overdraft, she set it up so that even if we had some money in our account but not enough to cover what we were getting the transaction would not go through, which I love because we are terrible with money. They were just super nice all around. I had my kids with me and the lady gave them a sucker and the bank even had a small play room that they were able to go in while we took care of what we needed to. If you live in the Southern Missouri area I would definitely recommend banking with them.
Arvest Bank
I moved to Oklahoma almost a year ago and opened a checking account with Arvest. I was very pleased with how easy it was to open my account. A bank employee was ready right away to assist me and she explained in detail all of the account options available to me to help me make my decision. I've been able to handle almost everything I need via mobile or online banking; both the app and the website are super user-friendly and I've never experienced any difficulty with them. The few times I've had to visit a branch, all tellers were prompt and courteous. Most notably, they'd bring up things I wasn't currently taking advantage of, like a savings account, but were never pushy about it. I've dealt with big banks in the past like Bank of America and Capital One and Arvest feels like a different experience. I've had a tough year financially and overdrawn my account a few times. I receive prompt notification of those instances in the mail and after doing this a few times I received a letter that didn't feel judgmental at all to notify me of overdraft protection services they offer since they'd noticed this as a repeated struggle of mine.
Local Arvest Bank
My experience with the local Arvest Bank has been my best experience with any bank thus far. From the moment I stepped in the door to open my checking account and then later a savings accounts I was greeted with great customer service and friendly smiles from each and every employee. I have been a customer for over a year or two and anytime I go inside I am greeted respectfully and by name. I couldnt ask for a more friendly professional staff and I plan to bank here for quite sometime. I would recommend the local Arvest Bank to anyone I know.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8728 |
| Year Established | 1871 |
| Employees | 5712 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 10% |
| Annual Interest Income | $143.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $17.29B$17.05B |
| Loans | Q1 2018vs Q1 2017 | $10.54B$9.75B |
| Deposits | Q1 2018vs Q1 2017 | $14.87B$14.73B |
| Equity Capital | Q1 2018vs Q1 2017 | $1.84B$1.70B |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $122.6MM$112.0MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $74.3MM$87.6MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $16.4MM$18.8MM |
Always verify rates and promotions with the bank or credit union. We are not Arvest Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Arvest Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $100 | - | Savings Account |
Arvest Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.50% → Up to $10k | 0.60% → $10k - $100k | |||||
Arvest Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $50 | - | Preferred Club Checking |
Arvest Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.26%* | $95k* | - | 2 Year CD | ||
| OTHER TIERS: 1.00% → $1k - $10k | 1.15% → $10k - $50k | 1.21% → $50k - $95k | |||||
| 1.00%* | $95k* | - | 1 Year CD | ||
| OTHER TIERS: 0.75% → $1k - $10k | 0.90% → $10k - $50k | 0.95% → $50k - $95k | |||||
| 0.95%* | $95k* | - | 6 Month CD | ||
| OTHER TIERS: 0.70% → $1k - $10k | 0.85% → $10k - $50k | 0.90% → $50k - $95k | |||||
