About Arvest Bank
Arvest Bank was founded as McIIroy Bank & Trust in 1871 and is headquartered in Arkansas. Arvest is the oldest bank in Arkansas and one of the biggest in the country. It operates more than 230 branches and more than 300 ATMs in Arkansas, Kansas, Oklahoma, and Missouri.
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Arvest Bank Overview
Arvest Bank is a small regional bank that offers a variety of bank products, such as CDs, checking, money market, and savings accounts. It does this through its more than 230 branches in four midwestern states. The rates on some of its CDs are competitive, but the majority of its accounts offer yields and features that are in line with those of most big banks.
| Competitive APY on its CD products. | Only operates in a handful of states. |
| Offers a free checking account. | The majority of its accounts offer low APYs. |
| Offers a wide range of banking products. | Most of its accounts do not offer a way to waive the monthly service charge. |
| Many accounts have a relatively low minimum opening deposit. |
Arvest Bank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Arvest Bank offers CDs with terms ranging from six month to two years. It offers competitive APYs that are higher than the national average of 2.60% on all of its CDs. Here are the details for some of the bank's CD offerings for April 2025:
Checking Accounts
Arvest Bank offers several different business and personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. Most also have monthly service charges that are not able to be waived. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Arvest Bank offers a one business and one personal money market account, both of which offer APYs above the national average of 2.02%. Here are the account details for April 2025:
Savings Accounts
Arvest Bank offers a few business and personal savings accounts. All accounts either have a monthly service charge that can be waived or no monthly service charge, and all have a little to no minimum opening deposit. The yields offered are in line with those of most traditional banks and below the national average of 1.45%. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $17
Savings and Money Market Account withdrawals: $5-$10 per excess withdrawal
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $10 and outgoing is $25; International - Incoming is $10 and outgoing is $60
Non-network ATM fee: $2.50
Monthly service charge: $2-$15 depending on the type of account
Stop payment fee: $30
Paper statement fee: $10
Arvest Bank Features
Arvest Bank's customer service line is available weekdays from 7 a.m. to 8 p.m. CST and on Saturdays from 8 a.m. to 5 p.m. They also operate an automated account info line 24 hours a day, 7 days a week, for basic account functions. The bank operates more than 230 branches and 300 ATMs in four states. It also offers an easy-to-use mobile app that allows customers to manage their accounts and perform basic account functions.
Arvest Bank FAQs
Our Take
Arvest Bank offers a limited number of CD products, but all offer competitive APYs with a relatively low minimum opening deposit. Its money market accounts are also limited but offer yields that are higher than the national average and have monthly service charges that can be waived by meeting certain minimum average daily balance requirements. As far as its checking and savings accounts, there is nothing in particular that stands out aside from the free accounts that are available for personal and business purposes. As with most regional banks, it is not much different from national or regional banks in terms of low APYs, but it may be a convenient option for residents of the states it operates in.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.