About Frost Bank
Frost Bank was founded in 1868 and is headquartered in San Antonio, Texas. The bank received its banking charter in 1899. Through mergers and acquisitions throughout the years, it has grown to almost 200 branches throughout the state of Texas.
Frost Bank Overview
Frost Bank is a full-service bank that offers CD, checking, money market, and savings accounts at its nearly 200 branches within Texas. It offers several CDs, all of which offer competitive APYs, as well as a few money market accounts that also offer APYs that are higher than the national average. Its checking and savings accounts are not as competitive, but they require minimal opening deposits and have fees that can be waived by meeting certain balance requirements.
| All CDs and money market accounts offer competitive APYs. | Low APYs on checking and savings accounts. |
| Customer service is available 24 hours a day, 7 days a week. | Local bank that only operates in Texas. |
| Peer-to-Peer transactions are available via Zelle. | High overdraft fees. |
| Most monthly service charges can be waived. |
Frost 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. Frost Bank offers CDs with terms ranging from 14 days to two years. The APYs on all of its CDs are higher than the national averages of 2.60%. Here are the details for some of the bank's CD offerings for April 2025:
Checking Accounts
Frost Bank offers several different business and personal checking accounts. All of the checking accounts offer APYs that are at or below the national average of 0.01% for checking accounts. Most accounts offer monthly service charges that can be waived by meeting certain balance requirements. 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. Frost Bank offers both personal and business money market accounts, some of which offer a competitive APY higher than the national average of 2.02%. Here are the account details for April 2025:
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Frost Bank offers two savings accounts, one personal and one business. Both accounts have a low monthly service charge that can be waived and low minimum opening deposit requirements. Both accounts also offer average APYs when compared to the national average of 1.45%. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $35 per overdraft over $5; Five overdraft charges per day
Savings and Money Market Account excess withdrawals: $5
Account closure fee: None
Dormant account fee: None
Wire transfer fee: Domestic - Incoming is $15 and outgoing is $varies; International - Incoming is $15 and outgoing is $varies
Non-network ATM fee: $2
Monthly service charge: $3.50-$30 depending on the account
Stop payment fee: $30
Paper statement fee: $2
Frost Bank Features
Frost Bank's customer service line is available 24 hours a day, seven days a week via chat and phone. It also offers an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process Zelle transactions. The bank operates close to 200 branches throughout Texas.
Frost Bank FAQs
Our Take
Frost Bank is an excellent choice for residents of Texas, as it operates close to 200 branches throughout the state. The bank offers competitive APYs on its CDs and money market accounts with relatively low excess withdrawal fees should the need to withdraw more than the six allowed monthly withdrawals arise. Although its checking and savings accounts are not particularly competitive as far as APYs, they require only minimal opening deposit amounts, and all accounts have monthly service charges that can be waived on the business and personal sides. All in all, Frost Bank seems like a good option for Texas residents, while others may want to look for a national bank or a regional bank closer to home.
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.